act 41: Transparency and Exam Reforms
One hour Webinar
December 13, 2018
2:00pm - 3:00pm
Act 41 of 2018 represents the first significant change to the Commonwealth’s Insurance Company Examination law in years, and was designed to provide transparency and efficiency in the examination process. Join Joseph Dimmemo from the Pennsylvania Insurance Department, Ron Gallagher of PAMIC, and Fran Roggenbaum and Joel Hopkins of Saul Ewing Arnstein & Lehr, LLP, on December 13, 2018, to learn how the company examination process has changed under Act 41 and what the Department’s new Annual Report will mean to both insurers and regulators.
Ron currently serves as the President, Pennsylvania Association of Mutual Insurance Companies (PAMIC) providing advocacy, education and networking programs to PAMIC’s members. Prior to this position, Ron served the Pennsylvania Insurance Department for 25 years with the last 15 years as the Deputy Commissioner for Market Regulation overseeing the licensing programs for individuals doing the business of insurance, compliance programs (Market Analysis and Market Conduct exams), enforcement programs and consumer complaint handling. He also had the responsibility for overseeing the Department's IT programs. Ron is also retired from the United States Air Force Reserve with the rank of Lieutenant Colonel. His 24-year career in the Air Force spanned the gamut from environmental engineering to supply chain management responsibilities. Ron graduated from the Pennsylvania State University with a degree in Petroleum Engineering and the Florida Institute of Technology with a Masters in Systems Management. He also holds the designation as a Professional Engineer.
Fran Roggenbaum concentrates her practice on the corporate, transactional and regulatory aspects of the insurance industry. She provides regulatory advice to insurance company clients, and assistance to businesses in self-insurance and risk management strategies, both in Pennsylvania and nationally.
Fran has extensive experience working on multi-state regulatory issues for insurers, reinsurers, alternative risk entities, insurance producers and other insurance intermediaries, including licensing requirements, coverage mandates and filings, investment limitations, and transactional and financial reporting. Fran also handles matters related to InsurTech, including advising insurance companies on regulatory and transactional issues involved in adopting new technologies and advising InsurTech startups with regulatory compliance and agreements.
She is a Chartered Property Casualty Underwriter (CPCU) and Certified Structured Settlement Consultant. In addition to her state bar admission, Fran is admitted to the Supreme Court of the Commonwealth of Pennsylvania and the U.S. District Court for the Middle District of Pennsylvania.
Fran has lectured on insurance law for the Pennsylvania Bar Institute, the Insurance Society of Philadelphia, the Central PA Chapter CPCU, Central PA I-Day and various clients on developments affecting insurance companies and insurance-related regulatory issues and trends in the insurance marketplace.
Joel Hopkins' practice includes representing the insurance industry in regulatory, organizational, operational, coverage, claims, bad faith and insolvency issues. He regularly counsels business clients on insurance and risk transfer matters, including complicated coverage and program issues relating to mergers and acquisitions. He also advises clients on insurance product development, compliance and evaluation. Joel creates, reviews and improves claims, coverage and regulatory policies, procedures and manuals, and provides expert evaluations of coverage and claim disputes.
Joel serves as claims and coverage counsel to insurers, risk retention groups, group captives and self-insureds. His 10 years of insurance industry experience provides clients with practical claims handling and coverage advice with a focus on regulatory compliance and bad faith prevention. He serves as counsel to self-insured health plans and self-insured workers' compensation groups.
In his insurance litigation practice, Joel represents the insurance industry in contractual and regulatory disputes arising under life, health and property and casualty insurance policies. He litigates coverage and bad faith actions in state and federal courts and represents insurers and producers in regulatory investigations and enforcement actions before state insurance departments, including actions brought by the Pennsylvania Insurance Department as the rehabilitator or liquidator of insolvent insurers.
Joel is a frequent lecturer on a variety of insurance related topics, including insurance coverage, claims and bad faith, non-insurance risk transfers, captives, risk retention groups, self-insurance and contract surety, among others. Joel is also certified as a Professional Mediator through the Mediation Training Institute International and a Certified Mediator for the United States District Court for the Middle District of Pennsylvania.
Joe is the Deputy Insurance commissioner of the Pennsylvania Department of Insurance. He served as the department’s Director of Liquidations and Rehabilitations since 1991. He directed strategies for the takeover and management of several multi-billion dollar companies over the last several years.