SPECIAL FOCUS: REGULATING “COLLATERAL DAMAGE”: NEW YORK FINALIZES COLLATERAL REDUCTION REGULATION
New York recently joined Florida in adopting a regulation approving reduced collateral for certain reinsurance agreements based largely upon the financial strength of the reinsurer. In this Special Focus article, Jorden Burt partner Anthony Cicchetti provides an analysis of the New York regulation, which takes effect January 1, 2011.
