Capabilities
Financial Services

Insurance

We represent insurance companies on a wide variety of transactional, litigation, legislative, federal regulatory, strategic planning and policy issues. Our transactional lawyers represent insurance companies on a range of capital market and merger and acquisition transactions. We also handle litigation for the insurance industry, generally complex class action cases and cases involving such issues as the Fair Housing Act and the Americans with Disabilities Act. We also represented the insurance industry in litigation involving vehicle safety issues, including in proceedings before the National Highway Traffic Safety Administration.

Our lawyers counsel insurance companies on a range of regulatory, strategic planning and policy issues, particularly those that involve federal regulatory agencies. For example, we have a long history of representing insurance companies that own depository institutions and thus have in-depth familiarity with the regulation of those companies by federal bank regulatory agencies.

On the legislative front, our lawyers have represented the insurance industry on a wide variety of matters including The Terrorism Risk Insurance Act of 2002, The Comprehensive Iran Sanctions, Accountability and Divestment Act, and several insurance companies and trade groups on matters relating to the Dodd-Frank Act, including Title I (systemic risk),the development of Title V (creation of the Federal Insurance Office and the Nonadmitted and Reinsurance Reform Act) and Title VI (regulation of savings and loan holding companies and the Volcker Rule). In 2013 and 2014, our lawyers played a significant role in the enactment of the "Insurance Capital Standards Clarification Act of 2014" which amended the capital provision of Title I of the Dodd Frank Act (the "Collins Amendment") and provided relief to insurance companies subject to the regulation and supervision of the Federal Reserve Board as either a depository institution holding company or as a "systemically important financial institution" (SIFI) designated as such by the Financial Stability Oversight Counsel (FSOC). More broadly, Arnold & Porter lawyers have substantial experience advising insurance companies which own depository institutions, and in advising on issues related to potential designation as a SIFI by the FSOC, regulation by the Federal Reserve Board, and on issues arising under ERISA and state and federal securities laws in the structure and provision of their products and services.

Our lawyers counsel insurance companies on a range of strategic planning and policy issues, particularly those that involve federal regulatory agencies. For example, we have a long history of representing insurance companies that own depository institutions and thus have in-depth familiarity with the regulation of those companies by federal bank regulatory agencies.

Overview

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