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Friday, July 03, 2009
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Welcome to the FORC Web Site!!

The Federation of Regulatory Counsel ("FORC"), is a nation-wide association of attorneys specialized in the arena of insurance regulatory law. In order to be considered for membership, an applicant must be a lawyer in good standing, with at least five years of experience in insurance regulatory law, and must bill more than fifty percent of his or her time to insurance regulatory matters. Each member is recommended in writing by three insurance industry executives from unrelated companies who have attested to their skill and competency.

Sixty, Including Former New York Insurance Regulators, In Attendance At First FORC Regional Seminar in New York

A FORC-sponsored regional seminar was held at the New York City office of Wilson, Elser, Moskowitz, Edelman & Dicker, LLP on May 7, 2009. The seminar was attended by over sixty company lawyers and private practitioners in the insurance and banking fields, from New York to Boston, who each received one continuing legal education credit since Wilson Elser is an accredited CLE provider. The audience also included a former New York Insurance Department Superintendent and two Deputy Superintendents. The guest speaker was Michael Moriarty, Deputy Superintendent of Insurance for Property and Capital Markets of the New York Insurance Department whose remarks and replies to many questions that followed captivated those in attendance. Mr. Moriarty's remarks covered a broad array of current topics:

  • Repeal of Glass Steagall - A Mistake?
  • Financial Guaranty Insurers - the "Canary in the Coal Mine"
  • The SubPrime Pipeline of Profit;
  • Credit Default Swaps - Insurance (or Worse!)
  • The Role of Rating Agencies
  • AIG
  • The Regulation of Financial Services Companies in This Crisis
  • and The Future of State Insurance Regulation
Thanks to Fran Semaya for help in planning this highly successful event.

For a copy of Mr. Moriarty's powerpoint slides,
please CLICK HERE or contact Fred Pomerantz directly.

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Current FORC Journal

Vol. 20 Edition 2 - Summer 2009

Just in time for Summer, here's the latest from your friends at the Federation of Regulatory Counsel. As always, the FORC Journal has all the makings of a perfect companion, whether you're heading to the beach, the pool or your couch. Enjoy, and keep those cards and letters coming.  Please note that some of the filing deadlines in Fred Pomerantz’ article have been corrected.

Scott Kosnoff, Editor

Latest Alert

June 2009

Greetings,

The June 2009 issue of FORC Alert is now available. We hope you find this information useful. If you have interested colleagues, please forward to them a link to the publication.

Best regards,

Kevin G. Fitzgerald
Editor, FORC Alert


Federation of Regulatory Counsel, Inc. - Denver, Colorado 80203 - 303-825-7307