SECTION VI – PROJECT MANAGEMENT, BUSINESS, AND TECHNICAL ...
IAIR TECHNICAL DEVELOPMENT SERIES VI
5
IAIR TECHNICAL DEVELOPMENT SERIES VI The End of the Road: Issues in Closing Receiverships OCTOBER 11-12, 2018 INSURANCE LAW CENTER UCONN SCHOOL OF LAW HARTFORD, CT
Transcript of IAIR TECHNICAL DEVELOPMENT SERIES VI
IAIR TECHNICALDEVELOPMENT
SERIES VIThe End of
the Road: Issues inClosing Receiverships
OCTOBER 11-12, 2018 INSURANCE LAW CENTERUCONN SCHOOL OF LAW
HARTFORD, CT
IAIR TECHNICAL DEVELOPMENT SERIES VI AGENDA
DAY 1 - THURSDAY, OCTOBER 11 SESSION 11:20pm - 2:30pm A Strategy of Closing EstatesModerator: Bill Goddard- Partner, Day Pitney, LLPPanelists • DavidWilson–CEO,SpecialDeputyIns.Commissioner,California ConservationandLiquidationOffice • DavidAxinn–SpecialDeputySuperintendent,NewYork LiquidationBureau •J.KevinBaldwin-GeneralCounsel&DirectorofReceivership Operations.IllinoisOfficeoftheSpecialDeputyReceiver(inv.)Whatdoesitmeanthatwearenowinanerathatprioritizestheclosingofestates?Thepanelwilldiscussclosingestatesasastrategy.
SESSION 22:35pm - 3:50pm Disposing of Illiquid AssetsModerator:PatrickCantilo-ManagingPartner,Cantilo&Bennett,LLCPanelists • BenjaminEnsminger-Law,SVP,PIMCO • JamesKennedy,CounseltotheReceiver,TexasDepartmentofInsurance • StephenSchwab-Partner,DLAPiperHowdoreceiversmovedifficulttovalueassetsoffthebalancesheetoftheinsuranceestate?Thepanelwilldiscussparticularscenariostoliquefyassets.
3:50pm - 4:00pm Networking Break
SESSION 34:05pm - 5:10pm IRS, Tax and other Federal IssuesPanelists • LoriJ.Jones-Partner,ScribnerHall • SharonWilliams–UnitedStatesAttorney,DepartmentofJustice
Howdoreceiverssettlefederalgovernmentclaimsfortaxesandbondsinorderwindupaffairswiththefederalgovernmentinatimelyfashion? Thepanelwilldiscussthepathtoafederalrelease.
5:10pm - 5:30pm Return to Hotel
5:30pm - 7:00pm Cocktail Reception
DAY 2 - FRIDAY, OCTOBER 12SESSION 48:30am - 9:40am Collecting ReinsuranceModerator:EvanBennett-EvanD.BennettLLCPanelists • BarbMurray-Director,PwC • JoeScognamiglio-QuantumConsultingHowdoyoumonetizereinsurancereceivablesthatmightnotbereceivableintimetoclose?Thepanelwilldiscussstrategiesforcollectingorsellingdifficultreinsurancereceivables.
DAY 2 - FRIDAY, OCTOBER 12SESSION 59:35am - 10:50am Dealing with Long Tail ClaimsModerator:BarbMurray-Director,PwCPanelists • WilliamBarbagallo,ManagingDirector,PwC •ThomasCunningham-Partner,SidleyAustin •DougHartz-DeputyCommissioner,Washington StateOfficeoftheInsuranceCommissioner • GailPierce-Siponen-EstateManager/Claims DirectorattheNYLBHowdoreceiverssettleasbestosandpollutionclaimsthatmaydevelopover50years?Thepanelwilldiscussstrategiesforwindinguportransferringclaimsthathaveverylonglatencyperiodsandlonglitigation.
10:55am - 11:10am Networking Break
SESSION 611:15am - 12:25pm How Solvent Carriers Deal with Insolvent EstatesModerator:BenNissim-Associate,DayPitney,LLPPanelists: • WilliamE.Lohnes-AssistantGeneralCounsel-ReinsuranceLaw, HartfordFinancialServices • DavidB.Heintz-SeniorCounsel,TravelersSpecial LiabilityGroupThepanelwilldiscussgettingallclaimsfiled,observingbardatesandmatchingupwiththereceivership’srecords.Whatshouldbeonthesolventcarrier’schecklistbeforeanestatecloses?
12:30pm - 1:45pm Luncheon Speaker - Keynote AddressThomasR.SullivanAssociateDirector,DivisionofSupervisionandRegulation,BoardofGovernorsoftheFederalReserve
SESSION 71:45pm - 2:55pm Prepackaged Rehabilitation and Other New ToolsModerator:HalHorwich-Partner,Morgan,Lewis&BockiusLLPPanelists • BillGoddard-Partner,DayPitney • DeboraHoehne-Partner,Weil,Gotshal&Manges • PeterIvanick-Partner,HoganLovells
AmbacandFGICusedrehabilitationplanstoexitproceedings,butFrontierfailedtodothesame.Thepanelwilldiscussifrehabilitationplansarethewaytoendareceivership.
SESSION 83:00pm - 4:00pm Tying up Loose EndsModerator:DarrenEllingson-DarrenEllingsonandAssociatesPanelists • DonnaWilson,EstateManager,OklahomaReceivershipOffice • TamaraKopp,LiquidationCounsel,MissouriDepartment ofInsurance •JanMoenck,Partner,Risk&RegulatoryConsultingLLCHowdoyoushutdownsystems,escheatunclaimedfunds,layoffremainingemployees,preserverecordsandturnoffthelights?Thepanelwilldiscussallofthelogisticalissuesinclosingestates.
4:00pm - 4:10pm Program Wrap-Up Moderator: Bill Goddard - Partner, Day Pitney, LLP
CONTINUING EDUCATION CREDIT
Course DescriptionIAIRTDSVIwillfocusoncurrentissuesandstrategiesarisinginclosingreceiverships.Thisprogramisdesignedforthosewhoalreadyhaveexperienceininsurancereceiverships.Paneltopicsincludehandlingilliquidassets,prepackagedrehabilitationplansandmanaginglongtailclaims.Casestudieswillbeanalyzedindepthtoprovidea“realworld”contextforthetopicsaddressed.
Course LevelThisprogramisintendedforintermediateandadvancedlevelinsurancereceivers,regulators,guarantyfundpersonnel,andotherinsuranceinsolvencyprofessionals.Therearenoadvancepreparationsorprerequisitesrequiredasthisworkshopwillprovidelivedeliveryofmaterialsandupdatesbuildingontheknowledgeandexperienceofeachparticipant.
Fields of Study Offered: SpecializedKnowledge&Applications
Instructional Delivery Method:Group-Live
Learning Objectives:Aftercompletingthisworkshop, participantswillbeableto:
• Identifychallengesandpotentialobstaclesin handlingilliquidassets • Formulateastrategyformanaginglongtailclaims • Evaluationprepackagedrehabilitationplans • Ensureanorderlyandefficientliquidationofan insurancecompany.
IAIR DesignationsThisworkshopisapprovedforcontinuingeducationcredittowardIAIR’sCIRandAIRdesignationsinaccordancewithIAIR’scontinuingeducationpolicytomaintaincertificationstatus.TotalcredithoursTBA.
CPE Continuing Education Credit: TheInternationalAssociationofInsuranceReceivers(IAIR)isregisteredwiththeNationalAssociationofStateBoards
ofAccountancy(NASBA)asasponsorofcontinuingprofessionaleducationontheNationalRegistryofCPEsponsors.StateboardsofaccountancyhavefinalauthorityontheacceptanceofindividualcoursesforCPEcredit.ComplaintsregardingregisteredsponsorsmaybesubmittedtotheNationalRegistryofCPEsponsorsthroughitswebsite:www.nabsaregistry.org.InaccordancewiththestandardsoftheNationalRegistryofCPESponsors,[TBA]CPEcredithourswillbegrantedbasedona50-minutehour.
CLETheprogramwillbesubmittedforcertificationtoselectedStateBarsforCLEcredit.Thoughtheprogramandworkshopmayqualifyforcontinuinglegaleducationcreditinotherstates,participantswillneedtomaketheirownfilings.Uponrequest,IAIRcancertifyattendanceandcontent.
WELCOMEThe Technical Development Series is the International Association of Insurance Receivers’ specialized educational program. Focusing on one issue, it provides advanced, focused education on the selected issue or topic and affords more specialized training for insurance receivers, regulators, guaranty system personnel, and other insurance professionals.
IAIR TECHNICAL DEVELOPMENT SERIES VIThe End of the Road: Issues in Closing Receiverships
PLATINUM SPONSOR
Risk & Regulatory Consulting LLC
GOLD SPONSOR
RLR Management Services, Inc.
SILVER SPONSORSFaegre, Baker, Daniels LLP
FitzGibbons & Company
Locke Lord LLP
Semmes Bowen & Semmes, P.C.
Stradley Ronon Stevens & Young LLP
Veris Consulting
Law Offices of Daniel L. Watkins
A SPECIAL THANK YOU TO OUR CORPORATE SPONSORS
FOR THEIR CONTINUED PARTICIPATION AND SUPPORT!
CANCELLATION POLICY Refundslessa$100administrativefeeareofferedthroughSeptember26,2018.Twenty-fivepercentoftheamountpaidwillberefundedafterSeptember26,2018.
REFUND REQUESTS AND CANCELLATIONS MUST BE SUBMITTED IN WRITING TO:NancyL.Margolis,Esq.,IAIRAccountManager 610FreedomBusinessCenter,Suite110KingofPrussia,PA19406 Phone:610-992-0015,Fax:610-992-0021,[email protected]
Foradditionalquestionsorformoreinformation,pleasecontactNancyMargolisatIAIRHeadquartersat(610)[email protected].
HOTEL ACCOMMODATIONS - DELAMAR WEST HARTFORDIAIR’sreducedgrouproomrateof$239.00pernightplusapplicabletax(currently15.0%)willbeavailableuntil5:00pmonSEPTEMBER18,2018,oruntilthegroupblockissoldout,whicheveroccursfirst.
Reservationscanbemadeonlinebyclickinghere,orbycallingtheirreservationsdepartmentat 860-937-2500andreferringtotheInternationalAssociationofInsuranceReceivers(IAIR)block.Thegroupratewillbeofferedthreedayspriorandthreedaysaftertheworkshop,basedonavailability.Allreservationrequestsneedtobeguaranteedbyamajorcreditcardforthereservationtobeprocessedandconfirmed.
Check-intimeis3:00pmandcheck-outtimeis11:00a.m.Guestsarrivingpriorto3pmwillbeassignedaccommodations astheybecomeavailable.
Hotelamenitiesinclude:• Complimentarywelcomeglassofchampagneatcheckin • ComplimentarylightcontinentalbreakfastservedintheLobbyBar • Complimentarycourtesyvehiclewithina5-mileradius,subjecttoavailability • ComplimentaryValetParking
TheDelamarWestHartfordislocatedapproximately20milesfromHartford/SpringfieldBradleyInternationalAirport,approximately5milesfromtheHartfordAmtrakrailstationandapproximately2.5milesfromUConnLawSchool.
DRESS CODE Thedresscodefortheeventisbusinesscasual.TheaveragedailyhightemperatureforHartfordinOctoberis60°F;averagedailylowtemperatureis40°F.
DIETARY RESTRICTIONS Ifyouhaveadietaryrestriction,pleasecontactIAIRHeadquartersbyOctober1ormakenoteofyourrequirementsontheregistrationform.
WORKSHOP REGISTRATION RATES Regulator-Member$250.00 Regulator-Non-Member$350.00 SmallFirm*/NFP**Member$350.00 SmallFirm*/NFP**Non-Member$450.00 Corporate/LargeFirm-Member$450.00 Corporate/LargeFirm-Non-Member$550.00Spouse/Guest$125.00(Allratesincludeallscheduledfoodandbeveragefunctions.TheSpouse/GuestrateisnotavailabletoIAIRmembers.)
*Soleproprietororlessthan5fulltimeemployees**NotforProfit
NOT INCLUDED IN REGISTRATION FEEHotelaccommodations,personaltransportationto/fromconference.Acomplimentaryshuttlewillrunfromthe DelamarWestHartfordto/fromUConnLawSchool
CLICK HERE TO REGISTER FOR TDS
IAIR TDS VI will focus on current issues and strategies arising in closing receiverships. This program is designed for those who already have experience in insurance receiverships. Panel topics include handling illiquid assets, prepackaged rehabilitation plans and managing long tail claims. Case studies will be analyzed in depth to provide a “real world” context for the topics addressed.
We invite you to participate as a conference sponsor at any of the levels below. To participate, contact Nancy Margolis at 610-992-0017 or by email [email protected]
Deadline for sponsorships is September 18, 2018
Thursday Evening Reception Sponsor (5:30pm - 7:00pm)� $1,500 Non-Exclusive/ $3,000 Exclusive Sponsor
• (4)COMPLIMENTARYregistrationswithExclusiveSponsorship • (2)COMPLIMENTARYregistrationswith Non-ExclusiveSponsorship • Signageatentrancetoreception • Acknowledgementofsponsorshipinthe presentationmaterials • FullpageadintheTechnicalDevelopmentSeriesprogram bookdistributedtoattendees(BackcoverofProgrambook availabletoExclusiveSponsorship) • Accesstosponsorstablefordistributionofcompany marketingmaterials • Righttodistributepromotional“give-away”item to attendees • RecognitioninthenextissueofTheInsuranceReceiver • HalfpageadinthenextissueofTheInsuranceReceiver FullpageavailableforExclusiveSponsorship • 50%discountforoneregistration OnlyavailableforExclusiveSponsorship
Friday Luncheon Sponsor (12:30pm - 1:45pm)� $1,000 Non-Exclusive / $2,000 Exclusive Sponsor
• (3)COMPLIMENTARYregistrationswithExclusiveSponsorship • (1)COMPLIMENTARYregistrationwith Non-ExclusiveSponsorship • SignageatentrancetoLuncheon • Acknowledgementofsponsorshipinthe presentationmaterials • HalfpageadintheTechnicalDevelopmentSeriesprogram bookdistributedtoattendees • Accesstosponsorstablefordistributionofcompany marketingmaterials • Righttodistributepromotional“give-away”item to attendees • RecognitioninthenextissueofTheInsuranceReceiver • HalfpageadinthenextissueofTheInsuranceReceiver OnlyavailabletoExclusiveSponsorship • 50%discountforoneregistration OnlyavailableforExclusiveSponsorship
Break Sponsors $750 Non-Exclusive
• (1)COMPLIMENTARYregistrationwith Non-ExclusiveSponsorship • Signageduringallthreebreaksatlocationofrefreshments • Acknowledgmentofsponsorshipinthe presentationmaterials • Accesstosponsorstablefordistributionofcompany marketingmaterials • Righttodistributepromotional“give-away”item to attendees • RecognitioninthenextissueofTheInsuranceReceiver
IAIR TECHNICAL DEVELOPMENT SERIES VIThe End of the Road: Issues in Closing Receiverships
SPONSORSHIP PROGRAM
