FORC Journal - Vol. 27 Edition 3 - Fall 2016

Thank you for your interest in the FORC Law Journal. The Fall 2016 edition continues the Journal’s analysis of timely issues affecting the insurance industry. Specially, FORC authors review the status of the price optimization debate; Arizona’s new own risk and solvency assessment (ORSA) law; the Privacy Shield and its impact on U.S. insurance companies; and, Connecticut’s new rule requiring nonadmitted attorneys to be admitted pro hac vice to represent clients before the Connecticut Insurance Department. Please share these authoritative and topical articles with your colleagues.

A. Kenneth Levine, Journal Editor

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The Privacy Shield and its Impact on U.S. Insurance Companies

By Maxine Blake, Esq. & Zachary Lerner
The EU-U.S. Privacy Shield (the “Privacy Shield”) has been promulgated through a joint effort between the United States (the “U.S.”) and the European Union (the “EU”) in order to facilitate the transfer of personal data from the EU to U.S. companies.

Status of the Price Optimization Debate

By Daniel A. Cotter, Esq.
Price optimization is a method of using the data collected by personal lines insurers to apply predictive analytics to determine consumers’ rate sensitivities and adjust the premium accordingly.

Own Risk and Solvency Assessment - Arizona Joins the Party

By Kathy A. Steadman, Esq., COPPERSMITH BROCKELMAN
In the regular 2016 Legislative Session, Arizona adopted the National Association of Insurance Commissioners (“NAIC”) standards for own risk and solvency assessment (“ORSA”).

New Rule Requires Nonadmitted Attorneys to be Admitted Pro HAC Vice - CT Ins Dept

By Frederick J. Pomerantz, Esq., GOLDBERG SEGALLA LLP & Aaron J. Aisen, Esq., GOLDBERG SEGALLA, LLP
The State of Connecticut recently revised its judicial rules to require that any attorney not admitted in Connecticut be admitted pro hac vice prior to appearing on behalf of a client before the Connecticut Insurance Department or any other state