FORC Journal - Vol. 23 Edition 4 - Winter 2012

Just in time for the long weekend, the FORC Journal arrives with the latest articles. Feel free to share with co-workers, friends and family.

Kevin G. Fitzgerald, Editor

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NEW YORK REGULATORY ISSUES IN THE WAKE OF SANDY

By  Frederick J. Pomerantz, Esq., GOLDBERG SEGALLA LLP and Sandy Smith, Esq., WILSON, ELSER, MOSKOWITZ, EDELMAN & DICKER LLP
Superstorm Sandy has prompted the Governor's Office and the New York Department of Financial Services (Department) to take a number of actions to assist insureds experiencing loss or hardship due to the storm.

FIO REPORT OUTLINE MAY BE A HOAX

By  Scott M. Kosnoff, Esq., FAEGRE BAKER DANIELS, LLP
The report on state insurance regulation has not been released, but a newly discovered outline offers tantalizing clues about what the final report may contain.

SURVEY OF THE CURRENT INSURANCE REGULATORY ENVIRONMENT FOR AFFINITY MARKETING ARRANGEMENTS

By  Kevin G. Fitzgerald, Esq., FOLEY & LARDNER LLP, N. Wesley Strickland, FOLEY & LARDNER LLP, and Morgan J. Tilleman, Esq., Foley & Lardner LLP
Agents and insurers in the life and property and casualty markets have always faced the challenge of finding potential new customers and converting them to insureds.

AN EXTENDED WARRANTY/SERVICE CONTRACT IN A COMMERCIAL TRANSACTION: IS ANYONE BUYING THIS?

By  Fredric Marro, Esq., FREDRIC MARRO AND ASSOCIATES, P.C. & Carolyn Smart, Esq., FREDRIC MARRO and ASSOCIATES, P.C.
Many insurance products are easy to distinguish as insurance; if one pays a fee to a company, and the company pays for damages when one gets into a car accident, most would recognize the contract as insurance.