Category Archives: Insurance

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Final Florida Insurance Legislative Report Following Final Actions by Governor

Florida Governor Rick Scott has acted on all legislation approved during the 2017 Regular Session and Special Session A. As such, we have updated our final report on insurance issues. This report provides an outline of all insurance issues that were approved and those that did not pass this year. Please note that many of … Continue Reading

U.S. House Financial Services Committee Hearing on Flood Insurance Reform and Passes Legislation

On June 7, 2017, the U.S. House Financial Services Committee held a hearing entitled “Flood Insurance Reform: A Taxpayer’s Perspective.” The hearing examined the National Flood Insurance Program (NFIP) and six legislative concepts to reform the program. Witnesses discussed how the reforms would strengthen taxpayer protections; provide greater private market access, competition, and consumer choice; … Continue Reading

Corporate Governance in Insurance: Key Regulatory Considerations

Corporate governance in insurance continues to be a growing focus among state regulators. The National Association of Insurance Commissioners (the NAIC) adopted the Corporate Governance Annual Disclosure (CGAD) Model Act and Model Regulation in 2014, which set forth requirements insurers will need to implement and disclose. Currently, 14 states (California, Connecticut, Florida, Idaho, Indiana, Iowa, … Continue Reading

Hints about New 871(m) Withholding Guidance

On Friday, Oct. 21, a senior official from the Internal Revenue Service said that new transition rules for the regulations for withholding on dividend equivalent payments on equity-linked derivatives under Section 871(m) will be issued in November. At a symposium sponsored by the Securities Industry and Financial Markets Association (SIFMA) in New York, Peter Merkel, … Continue Reading

U.S. Treasury Department Expands its ‘Real Estate GTOs’ to Require Title Insurance Companies and Their Agents To Report the Ultimate Beneficial Owners of Entities Used To Buy Residential Real Estate in All-Cash Purchases in Six Metropolitan Areas, Including all of New York City, South Florida and Portions of California and Texas

On July 27, 2016, the Financial Crimes Enforcement Network of the U.S. Department of the Treasury (FinCEN) issued a press release announcing new Geographic Targeting Orders (GTOs) applicable to certain U.S. title insurance companies and their subsidiaries and “agents” (collectively, the Targeted Title Insurance Companies). The new GTOs go well beyond those that were initially … Continue Reading

Fred Karlinsky Moderated a Panel at the 19th Annual Insurance Forum

Fred E. Karlinsky, a shareholder in the Fort Lauderdale and Tallahassee offices of international law firm Greenberg Traurig P.A., moderated the Dec. 3 insurance commissioners panel at the 19th Annual Insurance Forum held in Chicago, Illinois. In addition to Karlinsky, participants included Commissioner Jim Donelon of Louisiana and Commissioner Sharon Clark of Kentucky. The panel … Continue Reading

Fred Karlinsky to Speak in the ACC Webcast “Captive Insurance: Business and US Regulatory Considerations”

Fred E. Karlinsky, co-chair of Greenberg Traurig’s Insurance Regulatory and Transactions Practice Group and a shareholder within the Financial Regulatory and Compliance Group, will participate in a webcast hosted by ACC’s Financial Services Committee. Karlinsky will present in the webcast titled “Captive Insurance: Business and US Regulatory Considerations” on Tuesday, Dec. 1, 2015, at 12 … Continue Reading
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