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Frederick J. Pomerantz, Esq.
Frederick J. Pomerantz, Esq.
INSURANCE LEGAL & REGULATORY CONSULTING, PLLC
(516) 297-3101
dbo.fn jc Profile(vBoNetContact.ID)
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Frederick J. Pomerantz, Esq.
INSURANCE LEGAL & REGULATORY CONSULTING, PLLC
35 Fairview Ave. Great Neck, NY 11023
(516) 297-3101
(516) 570-2299
Ass'n of the Bar of the City of New York 42 West 44th St. New York, NY UNITED STATES
Regulatory Cnsl Mbr
Business Transactions, Legislative, Regulatory
New York
Bio
I am an AV rated Attorney (Martindale Hubbell) with a 40 year record of achievement advising U.S insurers. and alien insurers doing business through U.S. subsidiaries, coast-to-coast as well as producers, in corporate transactions and regulatory compliance matters. 

I have served (and still serve) as a regulatory counsel and trusted advisor to clients of two Law360 Top 20 Global Law Firms, applying my skill and negotiation talent with most state insurance regulators in small assignments as well as large-scale business transactions. I am also an M&A generalist: stock sales, asset sales; private; public; forming companies of all kinds and in all businesses. Corporate clients, domestic and international, that I originated over the many years I practiced in Manhattan-based law firms, have followed me from firm to firm and, now, to my new home-based solo practice., Insurance Legal & Regulatory Consulting, PLLC 

For my clients, I am engaged in researching, and continually analyzing updates to, issues related to restriction on shareholders, sales and intermediaries, penalties, and other issues (including ESG/DEI) and expected amendments including all sub-issues thereunder utilizing rules, statutes, law, regulations, NAIC assessments, state legislature materials, holdings, circular letters, and other similar resources; drafting notes on findings and drafting updates to summaries/surveys pertaining to my findings

Expertise in:

• Corporate Transactions, governance and regulatory compliance
• Licensing, accrediting, qualification certification and passporting
• Due Diligence
• M&A, asset acquisitions and other insurance company and producer transactions
• Restructurings, including redomestications and alien branch domestication
• Offshore insurers and reinsurers
• Dodd-Frank Act and U.S. federal regulation of insurers and affiliates
• European Union and other international compliance matters
• Corporate governance matters
• Regulatory investigations and expert witness work

Most recently, I have counseled clients on the progress of NAIC group capital calculation model legislation for insurers, specific state legislation on privacy issues, issues in race and insurance, the granting of virtual currency licenses available to financial services providers, the use of blockchain analytics in insurance underwriting, cybersecurity rules applicable to insurers in various states,  and other contemporary issues impacting insurers and other financial services providers.

My solo practice affords me the most freedom to best service longtime clients, as well as to pursue new clients and to continuously expand my successful, longstanding insurance transactional and regulatory practice, both nationwide and internationally, with less overhead and more reasonable billing rates. 

In addition, I have a national, as well as a local, network of equally capable and experienced regulatory/compliance practitioners ready, willing and able to assist on larger scale assignments. As a result, wherever I am across the nation or across the globe, I am available and reachable 24/7/365. 

Having served as 2020 President and Chair of the Federation of Regulatory Counsel, Inc. https://www.forc.org/, I continue to serve FORC in 2022 as a Vice President and as Chair of the FORC Membership Committee, Chair of the FORC Bylaws Committee, and as a member of the FORC Admissions Committee and its Branding Committee. I am also a member of the Journal of Reinsurance Industry Advisory Panel (International Reinsurance Underwriting Association) as well as liaison between FORC and IRUA. 

A frequent contributor to industry publications, I am, among others, a Co-Author of “Lloyd’s in the United States,” Ch. 80, New Appleman on Insurance Law Library Edition, 2016 and a contributor to three chapters on the U.S. and international regulatory environment, of recently updated Reinsurance Professional's Deskbook, 2017-2018 ed., Thomson Reuters and DRI, 2017 and author of 200+ insurance journal articles internationally (including in the US, UK, Japan and Argentina).

Finally, I am  a member of the Insurance Law Committee of the Association of the Bar of the City of New York (City Bar) and a  member of its Legislative Subcommittee. Further, I am also a member of several professional networking groups. 

Some representative clients:

Meiji Yasuda Japan
Amica Mutual Insurance Company
Thorn Creek Insurance Agency
LIO Insurance
American Insurance Services of Pa, LLC

Published Articles

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UPDATE ON SURPRISES IN EMERGENCY MEDICAL CARE AND OTHER SURPRISE MEDICAL BILLS8/6/2021
REVIEW OF THE STATES' SURPRISE BILLING LAWS AND EFFORTS TO FIND A SOLUTION TO SURPRISE BILLING IN NEW YORK AND ON THE FEDERAL LEVEL8/13/2020
TAKEAWAYS FROM OCTOBER 18, 2018 AETNA PUBLIC HEARING AT NEW YORK DFS11/7/2018
THE IMPACT OF THE CURRENT ADMINISTRATION ON THE FIO AND DODD-FRANK12/15/2017
NEW YORK’S CYBERSECURITY REGULATION: A PRACTICAL GUIDE3/23/2017
CEASE AND DESIST: IS THIS THE BEGINNING OF THE END FOR CONCIERGE MEDICINE PRACTICES?11/1/2016
NEW RULE REQUIRES NONADMITTED ATTORNEYS TO BE ADMITTED PRO HAC VICE TO REPRESENT CLIENTS BEFORE THE CONNECTICUT INSURANCE DEPARTMENT9/1/2016
NEW RULE REQUIRES NONADMITTED ATTORNEYS TO BE ADMITTED PRO HAC VICE TO REPRESENT CLIENTS BEFORE THE CONNECTICUT INSURANCE DEPARTMENT9/1/2016
EU-US COVERED AGREEMENT ON REINSURANCE COLLATERAL: POSSIBLE IMPACT ON SURPLUS LINES?3/1/2016
AUTO INSURANCE TELEMATICS DATA PRIVACY AND OWNERSHIP9/1/2015
HOW INSURANCE COMPANIES SHOULD REACT TO THE NEW NAIC CORPORATE GOVERNANCE ANNUAL DISCLOSURE LAW AND REGULATION GIVEN THE EXISTING ENTERPRISE RISK FRAMEWORK7/1/2015
DESPITE THE BEST OF INTENTIONS, PAVING THE WAY FOR THE NEXT FINANCIAL MELTDOWN: GETTING READY3/1/2014
A CALL FOR FORWARD-LOOKING DISASTER RISK EVALUATION AND GREATER PRIVATE SECTOR INVOLVEMENT AMID SURVEYS, ESTIMATES AND STATISTICS9/1/2013
USE OF HURRICANE DEDUCTIBLES IN THE NORTHEAST STATES7/1/2013
NY DEPARTMENT OF FINANCIAL SERVICES INVESTIGATES LIFE INSURANCE INDUSTRY’S USE OF CAPTIVE REINSURERS WHILE NAIC APPROVES USE OF "PRINCIPLE-BASED RESERVING" TO ADDRESS "REDUNDANT RESERVES"3/1/2013
NEW YORK REGULATORY ISSUES IN THE WAKE OF SANDY11/1/2012
NRRA GROWS UP FAST11/1/2011
DIRECT PROCUREMENT: RECENT DEVELOPMENTS IN THE LAW7/1/2011
COMPLYING WITH NEW MEDICARE REPORTING REQUIREMENTS APPLICABLE TO LIABILITY INSURERS AND SELF-INSURERS7/1/2009
WHAT ACTIVITIES ARE PERMISSIBLE BY UNLICENSED AGENTS OR BROKERS IN NEW YORK3/1/2005

Published Alerts

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Looking for Balance in Principle-Based Reserving9/1/2016
The Internet of Things:Vehicle Telematics-Use and Ownership of Information11/1/2015
Limiting exposures of Mortgage Guaranty Insurers11/20/2017
Analysis of Non-Renewals of Private Passenger Auto Policies11/20/2017
Health Care Coverage for Neonatal Intensive Care Services11/20/2017
New York Department of Financial Services' 2019 Regulatory Agenda3/29/2019
Decision by the United States District Court for the Southern District of New York5/30/2019
NYDFS Became the First State Insurance Regulator to Implement a ‘Best Interest’ Standard11/8/2019
Pending 54th Amendment to Insurance Regulation 62, 11 NYCRR 52, Section 52.1(s)11/8/2019
Insurance Circular Letter No. 1 (January 16, 2020)3/17/2020
FY 2021 NYS Executive Budget to Protect Elder New Yorkers This From Financial Exploitation.3/17/2020
Managing LIBOR Risks3/19/2020
Department of Financial Services (DFS) will hold its first Symposium on Financial Innovation and Inclusion on Thursday, April 2, 20203/19/2020
Coronavirus: Information for Industry and Regulated Entities5/14/2020
Podcast: Coronavirus, Cancelled Events and Insurance Coverage5/14/2020
Los Angeles Times - Essential California5/15/2020
New York State (NYS) COVID-19 and Vaccine Updates1/25/2021
The New York Department of Financial Services (“DFS”) announces Cybersecurity Fraud Alert3/22/2021
Governor Cuomo Reminds New Yorkers they are not Responsible for Paying PPE Charges from In-Network Health Care Providers3/22/2021
Community Reinvestment Act (“CRA”) Modernization: Docket No. R-1723; RIN Number 7100-AF943/22/2021

Positions in FORC

CommitteePosition
OfficersVice President10
Bylaws CommitteeBylaw Committee Chair95
Membership CommitteeMembership Committee Chair100