United States

Lawrence Hsieh

INSIGHT: U.S. insurers grapple with physical risks from cyber attacks

Apr 02 2018

NEW YORK (Thomson Reuters Regulatory Intelligence) - Cyber insurance has been marketed mostly as a way to protect companies against liability for privacy and data security breaches. Financial firms and their clients, however, should also ensure that there are no gaps in liability coverage for other types of cyber-related risks.

New products show insurers reassessing risk in U.S. mass shootings

Feb 21 2018

NEW YORK (Thomson Reuters Regulatory Intelligence) - Lawsuits brought by survivors and relatives of those killed in mass shootings against premise owners and operators are usually based on the defendants' alleged failure to employ adequate security and safety measures, which could trigger payment claims under the defendants' liability insurance policies.

States' rights, federal preemption and mandatory arbitration provisions in insurance contracts

Oct 24 2017

NEW YORK (Thomson Reuters Regulatory Intelligence) - U.S. insurers have kept a close eye on the continuing battle between the federal government and the states over mandatory arbitration provisions in financial services contracts.

California may curb mandatory arbitration provisions in consumer financial contracts

Aug 04 2017

CALIFORNIA/NEW YORK - California has a penchant for tackling the most controversial legal issues. For example, it became the first state to ban affirmative action at public universities when voters approved Proposition 209. And unlike courts in most other states, California courts do not enforce post-employment non-compete agreements.

COMMENTARY: A kinder, gentler arbitration process for U.S. financial consumers

Jun 06 2017

NEW YORK (Thomson Reuters Regulatory Intelligence) - For Richard Cordray, the Obama-administration appointee who still leads the Consumer Financial Protection Bureau, the Wells Fargo bogus account fiasco is the public relations gift that keeps on giving.

U.S. consumer bureau faces fateful test in U.S. appeals court

May 18 2017

NEW YORK (Thomson Reuters Regulatory Intelligence) - Oral arguments begin on May 24 in a U.S. appeals court case that could reshape the structure of the Consumer Financial Protection Bureau, or even determine the independent agency's existence.

COMMENTARY: Congressional push to ease regulation ignores regulatory arbitrage

Mar 09 2017

NEW YORK (Thomson Reuters Regulatory Intelligence) - The U.S. House of Representatives has passed a variety of measures to reform how administrative agencies issue regulations, mainly by requiring cost-benefit analyses before the adoption of significant regulation. Republicans and business interests say (https://www.uschamber.com/letter/hr-78-the-sec-regulatory-accountability-act-and-hr-79-the-helping-angels-lead-our-startups) the bills will boost the economy by reducing the regulatory burden on business. Democrats and consumer and labor interests counter (http://www.aflcio.org/Legislation-and-Politics/Legislative-Alerts/Letter-Opposing-HR5) that the bills will work to erode consumer and worker protections.

COMMENTARY: Corporate inversions in a new regulatory environment

Jan 25 2017

NEW YORK (Thomson Reuters Regulatory Intelligence) - The Republican-led government under a Donald Trump presidency will now have a chance to do what previous administrations could not – stop U.S. multinationals from using corporate inversions to flee the U.S. tax net.

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