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.

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.

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.