In Search for Clarity: U.S. Court Decisions On Whether to Imply Follow -the-Fortunes and Follow-the-Settlements Principles Into Reinsurance Contracts
17 May 2023
Undoubtedly, reinsurance practitioners learn early on certain fundamental principles and customary practices that define reinsurance. For many, Robert W. Strain, Reinsurance (6th ed. 1997) was required reading to try to understand what reinsurance is and isn’t (such as, for example, “reassurance”). Small wonder: the Strain treatise’s essays were written by, edited, and reviewed by “a veritable WHO’s WHO in the reinsurance business,” and recommended by their peers, “whose know-ledge, experience, and judgment . . . was, for the most part, from a life’s work.” In other words, Strain captures the principles and customs of the industry as well as anyone.
This story was published in ARIAS U.S. Quarterly. To download the publication, click here.
Author(s)
Related Insights
21 November 2024
Foley Viewpoints
Defined Benefit Pension Plans’ Annual Funding Notices Will Look Different in 2025
Most SECURE 2.0 articles focus on the changes applicable to defined contribution plans, such as 401(k) plans, and rightly so, since those plans were the most impacted by the law.
21 November 2024
Foley Viewpoints
Unlocking the Power of Equity-Based Incentive Compensation: Cash-Settled Equity Awards
This article is the sixth in our series on equity-based compensation intended to assist employers with answering a common question: What type of equity compensation award is best for our company and our employees?
21 November 2024
Manufacturing Industry Advisor
MEMA Original Equipment Suppliers Annual Conference – Outlook Panel’s Economic and Growth Forecasts for the Automotive Industry
In a year of many global market challenges that have impacted the automotive industry, the MEMA Original Equipment Suppliers Annual Conference held on November 12 and 13 in Novi, Michigan presented a detailed analysis of the current situation and future outlook for the automotive industry.