Authority to Do Business : Insurance Companies

Authority to Do Business

Risk Retention Groups: Preemption of State Law
Richard S. Geiger of Thompson, Coe, Cousins & Irons, LLP

This article examines the impact of the preemption provisions contained in the Liability Risk Retention Act on the ability of states to regulate risk retention groups.
Congress Pressures USTR to Investigate Alleged Violations of the U.S.-Japan Insurance Accords
Paul, Hastings, Janofsky & Walker LLP

Earlier this month, several members of Congress at the urging of certain U.S. insurance companies exerted pressure on USTR Barshefsky to review more thoroughly alleged violations of the U.S.-Japan insurance accords.
Under these agreements, Japanese insurance companies are prohibited from entering Japan's third sector (or specialty insurance market) until certain liberalization measures have been adopted to promote competition in the primary sectors of property and casualty insurance.