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MUTUAL HOLDING COMPANIES AUTHORIZED IN MASSACHUSETTS
James J. Moran, Jr., Esq. Barnett D. Ovrut, Esq. Substantial opposition notwithstanding, Massachusetts has enacted legislation that will allow mutual insurers to reorganize under a policyholder-owned mutual holding company structure.
THE AVAILABILITY OF DISSENTERS' RIGHTS IN MUTUAL INSURANCE COMPANY TRANSACTIONS
James M. Kennedy, Esq. A policyholder of a mutual insurance company has a membership interest as well as contract rights as an insured.
"DISHONESTY OR BREACH OF TRUST" IN 18 U.S.C. ?-1033
Ann M. Warren, Esq. John William Simon, Esq. In a previous article in this Journal,1 S. David Childers and Christy A. Chism issued a cogent warning to insurance professionals about the implications of the insurance provisions of the 1994 Crime Bill.2
SURPLUS-LINES REQUIREMENTS AND LLOYD'S
Jonathan F. Bank, Esq. Marvin D. Mohn, Esq. At its March 16, 1998 meeting in Salt Lake City, Utah, the NAIC's Surplus Lines (E) Task Force, subject to certain conditions discussed below, reduced the NAIC's trust requirements for Lloyd's U.S. surplus-lines policies from 100% to 50% of liabilities gross of reinsurance.
MANAGED CARE TORT LIABILITY
Jay A. Thompson, Esq. In 1997, by an overwhelming margin, the Texas Legislature made Texas the first state to explicitly allow insurers, HMOs, and managed care organizations ("MCOs") to be sued for medical malpractice.
ARIZONA BAD FAITH LAW
J. Michael Low, Esq. Good news and bad news. From an insurance industry perspective, the Arizona law of bad faith is a mixed bag.
THE Y2K BUG
Constance B. Foster, Esq. If the pundits are correct, the Year 2000 ("Y2K") computer problem will cause failures and errors in computers resulting in over $1 trillion dollars in damage worldwide. |
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