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Oct 4, 2024 | 
jdsupra.com | Andrea Best |Thomas Dawson
In September 2017, the European Union and the United States executed a bilateral treaty called the US-EU Covered Agreement, which for the first time ever permitted US ceding insurers to receive 100% credit on their statutory financial statements for reinsurance purchased from EU reinsurers – without EU reinsurers having to post any collateral.
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Sep 4, 2024 | 
jdsupra.com | Thomas Dawson
OverviewFor more than a decade US insurance regulators have required certain insurers to file climate risk disclosure reports. In recent years, financial regulators in Europe have begun climate change scenario testing while still requiring climate risk reporting. US insurance regulators have just voted to utilize scenario testing (at least for an initial three-year trial and for information only) beginning next year.
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Sep 4, 2024 | 
natlawreview.com | Howard Shapiro |Thomas Dawson |Richard Newman |Tammana Malik
On August 5, three Named Plaintiffs sued TIAA and Morningstar in the S.D.N.Y., claiming Defendants engaged in a “scheme to enhance corporate profits” by counseling participants to invest in two of TIAA’s most lucrative investment vehicles. Plaintiffs target ERISA and non-ERISA plans.
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Sep 3, 2024 | 
lexology.com | Thomas Dawson
For more than a decade US insurance regulators have required certain insurers to file climate risk disclosure reports. In recent years, financial regulators in Europe have begun climate change scenario testing while still requiring climate risk reporting. US insurance regulators have just voted to utilize scenario testing (at least for an initial three-year trial and for information only) beginning next year.
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May 8, 2024 | 
law360.com | Thomas Dawson
By Thomas Dawson (May 8, 2024, 6:03 PM EDT) -- The climate change landscape for insurers has changed dramatically in recent months. There are multiple developments insurers should keep in mind — and not just the U.S. Securities and Exchange Commission's recent adoption of climate-related risk disclosure rules, which was followed by multiple legal challenges and the SEC's decision in early April to suspend implementation efforts.... Law360 is on it, so you are, too.
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Mar 18, 2024 | 
jdsupra.com | Thomas Dawson
The climate change landscape for insurers has changed dramatically this past month. There are multiple developments insurers should keep in mind – and not just the US Securities and Exchange Commission’s (SEC) recent adoption of climate-related risk disclosure rules.
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Oct 12, 2023 | 
jdsupra.com | Thomas Dawson
SEC CLIMATE FINANCIAL RISK DISCLOSURE: RELEASE OF THE AGENCY’S REVISED REGULATION? At some point in October 2023, the US Securities and Exchange Commission (SEC) is expected to release the long-awaited final version of its climate-related financial risk disclosure regulation, first released for public comment in March 2022. Once this regulation is finalized, expect state attorneys general and perhaps private litigants to file lawsuits seeking to invalidate the regulation.
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Oct 11, 2023 | 
lexology.com | Thomas Dawson
SEC CLIMATE FINANCIAL RISK DISCLOSURE: RELEASE OF THE AGENCY’S REVISED REGULATION? At some point in October 2023, the US Securities and Exchange Commission (SEC) is expected to release the long-awaited final version of its climate-related financial risk disclosure regulation, first released for public comment in March 2022. Once this regulation is finalized, expect state attorneys general and perhaps private litigants to file lawsuits seeking to invalidate the regulation.
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Jun 19, 2023 | 
jdsupra.com | Thomas Dawson
With most state legislatures now finished with their 2023 sessions and with the East and West coasts preparing for peak hurricane and wildfire season, respectively, now is a good time to take stock of the environmental, social and governance (ESG) debates currently taking place in the United States, as well as the overall climate change regulatory environment for US insurers.
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Apr 12, 2023 | 
heritage.org | Thomas Dawson
Companies are usually rewarded when they do a good job. Theymake more money. They gain more customers. They even win awardsfrom their peers. But apparently that's not the case when a company's business isimproving big-city education. In too many cities across thecountry, education companies that improve test scores and booststudent achievement are being penalized for their success, andstudents are the ones that suffer.
