Insurance Law Committee

The Insurance Law Committee covers all aspects of law, regulation and public policy affecting insurance activity and the insurance sector, both locally and globally.

The Committee's scope encompasses insurance law in the broadest sense -- all lines of insurance coverage; all types of commercial relationships among insureds, insurers, reinsurers, producers and other constituencies; and all laws and policies affecting the capacity and delivery of insurance coverage in the marketplace, consumer protection and insurer organization and solvency. We provide a regular forum for current insurance law topics, often hosting prominent speakers and receiving reports from specific areas of practice represented by our members. In addition, we proudly serve the bar and the larger community by sponsoring CLE and other public programs, commenting on legislation and regulation, collaborating with other committees from time to time on projects of mutual concern, advising the Association on insurance law issues and supporting public service activities.

In addition to its monthly meetings for Committee members, during the 2011-12 Committee year the Committee sponsored four CLE programs at the City Bar Center for CLE, covering topics as diverse as insurance regulation, directors' and officers' coverage and ethical considerations in insurance disputes with law firms. In addition, the Committee submitted two comment letters to the Federal Insurance Office and a report on excess lines legislation to the New York legislature. In keeping with Committee custom, two of the Committee's 2011-12 monthly meetings featured insightful and topical appearances by the chairmen of the insurance committees of the New York State Senate and Assembly and the New York State Executive Deputy Superintendent of Financial Services, respectively. The Committee's 2012-13 committee year promises to be equally exciting and active with a full calendar of similar events.

Recent Reports

Report on A.5631/S.3858 (The Excess Line Legislation) which would authorize domestic excess line insurance companies (May 2013) ( PDF ) 
Subject area: Domestic Excess Line Insurers

Letter to U.S. Department of the Treasury commenting on the EU-U.S. Dialogue Project’s Technical Committee Reports Comparing Certain Aspects of the Insurance Supervisory and Regulatory Regimes in the European Union and the United States (October 2012) ( PDF )
Subject area: Insurance Regulation

Letter to the Federal Insurance Office (FIO) offering comments on the FIO’s Report to Congress on the U.S. and Global Reinsurance Market (August 2012) ( PDF )
Subject area: Reinsurance

For the full list of committee reports click here