LL.M. Student Discusses U.S. Insurance Regulation at University of Antwerp




Faculty Lecture


American Insurance Law:  The Consumer’s Experience

Kathleen M. Defever, Attorney (State Bar of California, United States)


Monday 24 April 2017

12:00 pm – 13:30 pm

University of Antwerp

Stadscampus – Room B.001


American insurance regulations are notoriously complex, not least because the insurance industry is monitored by each of the individual 50 states instead of the Federal government. In addition, depending on which state an insurance transaction occurs within, there are any multitude of applicable regulatory sources, including case law dispensed by the courts (federal and state), the state insurance code, the business and professions regulations, applicable common law legal concepts, etc.


Interestingly, there are also bodies of law that do NOT apply to insurance corporations, despite their broad application to every other corporation allowed to transact business within the United States. The uniqueness of the American insurance system has resulted in numerous unexpected consequences on the country, both at the individual level and on society as a whole.


The only true way to understand the impact of U.S. insurance regulations on American society is to deconstruct a typical insurance transaction, from the initial contracting to the final settlement of a claim. Using the real experiences of policyholders, we will examine how the current American economic landscape intersects with applicable insurance laws and regulations, and the incredible impact this has on the different stages of the insurance transaction.


The presentation will be followed by a question and answer session.


Registration: Please register in advance via email to steffi.illegems@uantwerpen.be.