The Insurance Law Committee considers major and developing issues at the state and federal level affecting insurance companies. The Committee’s work includes examinations of and presentations on regulatory, legislative, transactional and litigation topics. As appropriate, the Committee advocates positions in these areas through the preparation and submission of comment letters and articles regarding insurance regulation of companies. The Committee’s members include in-house and outside counsel having a variety of disciplines, as well as attorneys serving in New York State and other government agencies.

Committee Activity in Review

As published in the NY Business Law Journal


The Insurance Law Committee welcomes a new Chair, Giancarlo Stanton. Mr. Stanton is General Counsel and VP Claims with Swyfft, LLC, a data-driven insurance company. The new Chair looks forward to the Insurance Law Committee shining a spotlight on foundational knowledge and skills in insurance law for newly admitted attorneys, with a special focus on the emerging trends in insurance important to both new and seasoned attorneys. If you have particular interest in this area and would like to be involved, please contact the Chair at

– Giancarlo Stanton, Chair


The Insurance Law Committee met during the Business Law Section’s Spring Meeting on May 13th in New York City. During the well-attended session, Committee members heard a fascinating presentation from Luke Dembosky of Debevoise & Plimpton LLP entitled “Emerging Cyber Threats and Considerations When Planning for Incident Response.” 

Keeping to the theme of emerging issues of interest to the insurance industry and insurance lawyers, the Insurance Law Committee will meet on January 25, 2017 during the NYSBA Annual Meeting to discuss, among other things, key trends and regulatory considerations in the insurance technology, also known as InsurTech. Members are encouraged to attend the session during the Annual Meeting, and suggested topics for future sessions are always welcome. 

– Marilyn A. Lion, Chair


The Insurance Committee met on May 15, 2015 and discussed the following topics: investment management regulatory issues for insurance companies, trends in real estate joint ventures, private equity investments, insurance company M&A, catastrophe bonds, developments with life settlements, annuities, cybersecurity and the SEC’s disclosure policies related to breaches (particularly as they relate to material weaknesses in financial reporting), IT technology issues, IT contract provisions and IT consulting arrangements that are problematic for insurance and other companies, risk management, and directors and officers insurance policy litigation issues. The Committee members particularly focused on IT consulting-related problems around SAP implementations and big data issues, as well as the types of IT agreement provisions that are added to allow for providers’ workers to be replaced and other contract specific issues.

– N. Adele Hogan, Chair


The Insurance Law Committee met on January 29, 2014 in conjunction with the Annual Meeting of the Business Law Section and received a presentation on current federal and international developments in insurance regulation, including designations of non-bank systemically important financial institutions by the federal Financial Stability Oversight Council and recent activities of the Federal Insurance Office and the International Association of Insurance Supervisors.

–Thomas M. Kelly, Chair 


The recent months have seen a host of important regulatory developments in the insurance industry, including: initiatives by the New York Department of Financial Services with respect to reserving issues and the use of captive reinsurance by life insurers and on a number of other fronts; related activity and dialogue within working groups of the National Association of Insurance Commissioners; and, at the federal level, the activities of the Federal Insurance Office and the Financial Stability Oversight Council’s steps toward designating some insurance groups as systemically significant financial institutions subject to oversight by the Federal Reserve Board. The Committee plans to review these developments and the Septemoutlook going forward at a meeting to be held in January 2014 in connection with the next Annual Meeting.

–Thomas M. Kelly, Chair

Summer 2012 NY Business Law JournalInsurance law Committee

In conjunction with the Annual Meeting of the New York State Bar Association in New York City, the Insurance Law Committee met at the New York Hilton on January 25, 2012. The principal discussion was of the current regulatory inquiries and enforcement proceedings regarding escheat of unclaimed life insurance proceeds and death benefit payment practices, and included a presentation on that topic by former New York Superintendent of Insurance Eric Dinallo, now of Debevoise & Plimpton LLP.

— Thomas M. Kelly, Chair

Winter 2011 NY Business Law JournalInsurance law Committee

The Insurance Law Committee is composed of New York lawyers who serve clients in the life, property and casualty, health, and the myriad other lines of insurance-related businesses. The committee considers regulatory and transactional issues of importance to in-house law departments and law fi rms. The committee aims to meet at least three times a year and with outside speakers who are expert in their respective fields. The committee follows relevant statutory and regulatory developments such as the consolidation of the New York State Banking and Insurance Departments into the New York State Department of Financial Services.

—Thomas M. Kelly, Chair

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