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TMG member Reliance Standard to acquire New York statutory insurer


23-08-2018
Reliance Standard Life Insurance Company (Reliance Standard), a member of the Tokio Marine Group, has agreed to acquire a key New York statutory insurer, increasing its share of the New York Disability Benefit Law (DBL) insurance to approximately 10 percent.
The acquisition of Standard Security Life Insurance Company of New York (SSL), a subsidiary of Independence Holding Company, has been agreed subject to customary closing conditions including regulatory approvals.
Founded in 1907, Reliance Standard specialises in absence and employee benefits solutions including financial protection, absence management and supplemental health, with a portfolio of insurance products that includes group disability, life, accident, critical illness, hospital indemnity, dental, vision, medical stop loss and limited benefit medical. Reliance Standard also operates in the fixed annuity market space, including indexed annuities. The group benefits segment wrote approximately $1. ....

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Summary of FERC Meeting Agenda for April 2021 | White & Case LLP


Electric
E-1 – Electric Transmission Incentives Policy Under Section 219 of the Federal Power Act (Docket No. RM20-10-000). On March 20, 2020, the Commission issued a Notice of Proposed Rulemaking (NOPR) relating to electric transmission incentives policy pursuant to the Federal Power Act (FPA). In the NOPR, the Commission furnished proposed revisions to transmission planning and cost allocation processes following significant developments in the sector, reflecting a potential new focus on reliability and economic benefits rather than the current risks and rewards approach associated with specific projects. Further, the NOPR acknowledged policy shifts in the fifteen years following Order No. 679, which codified an approach to evaluate requests for incentives made by transmission owners and operators, as well as Order No. 1000 and the 2012 Policy Statement on transmission incentives applications. Namely, the NOPR proposed to: offer public utilities an return on equity (ROE) i ....

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