FORC Journal - Vol. 27 Edition 1 - Spring 2016

Another issue of the Journal is now available. This issue delivers timely articles pertaining to topics significantly affecting the insurance industry, such as Florida’s one-way attorney’s fee statute fueling homeowners insurance AOB cases in the state, the universal health care ballot initiative in Colorado, legislative wrap-ups for Georgia and Florida, EU-US reinsurance collateral covered agreement negotiations, and constitutional challenges to Oklahoma’s workers’ compensation law. Thank you to our members who generously donated their time and expertise to this publication. Please share these authoritative and topical articles with your colleagues.

A. Kenneth Levine, Journal Editor

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COLORADO SEEKS ANOTHER FIRST - UNIVERSAL HEALTH CARE

By Robert M. Ferm, Esq., HALL & EVANS, L.L.C. Stephanie A. Montague, Esq., HALL & EVANS, L.L.C.
In recent years, Colorado voters have displayed the pioneering spirit the state is known for by leading the rest of the nation in legalizing access to medical marijuana in 2000 and becoming the first state to allow the commercial cultivation and sale

FLORIDA LEGISLATIVE SESSION - INSURANCE REPORT

By Richard J. Fidei, Esq., GREENBERG TRAURIG LLP Fred E. Karlinsky, Esq., GREENBERG TRAURIG LLP Celeste Lawrence, Esq., GREENBERG TRAURIG, LLP
Florida’s Governor Rick Scott approved several proposals considered by the Legislature in its 2016 regular session that will have a significant impact on the state’s insurance industry.

ASSIGNMENT OF HOMEOWNERS POLICY BENEFITS IN FLORIDA

By A. Kenneth Levine, Esq., COZEN O'CONNOR
“Abuse of assignment of benefits (AOB) from water loss claims has become a full-blown Florida insurance crisis that will mean higher insurance rates next year and for the foreseeable future for every Florida policyholder.”

EU-US COVERED AGREEMENT ON REINSURANCE COLLATERAL: POSSIBLE IMPACT ON SURPLUS LINES?

By Frederick J. Pomerantz, Esq., GOLDBERG SEGALLA LLP, Dodd-Frank Wall Street Reform and Consumer Protection Act, Spring, 2016, Federal Insurance Office (FIO), Reinsurance Model Law & Regulation, Securis Investment Partners L.L.P.
In response to the 2009 financial crisis, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly referred to as “Dodd-Frank.”

OKLAHOMA WORKERS' COMPENSATION LAW PROVISIONS RULED UNCONSTITUTIONAL

By Richard J. Fidei, Esq., GREENBERG TRAURIG LLP Fred E. Karlinsky, Esq., GREENBERG TRAURIG LLP Celeste Lawrence, Esq., GREENBERG TRAURIG, LLP
The viability of Oklahoma’s recently revised workers’ compensation law has been severely threatened with recent rulings determining that key provisions of the law are unconstitutional.

KEY LEGISLATIVE BILLS PASSED BY GEORGIA ASSEMBLY IN 2016 LEGISLATIVE SESSION

By Brian T. Casey, Esq., LOCKE LORD LLP
The Georgia Assembly passed several key bills during the 2016 legislative session before adjourning on March 24, 2016, subject to the Governor’s signature or veto by May 9, 2016