IRS Launches Centralized Partnership Audit Website

By: William Daniel | 11.19.2020

  The IRS recently launched the website for the Bipartisan Budget Act Centralized Partnership Audit Regime (often referred to as “BBA”). This website is intended to be the location for all information related to BBA, including regulations, electronic submission forms, how to elect out of BBA, and what can generally be expected during a BBA Read…

Center for Economic Justice Pleads Its Case for Overhauling the Life Insurance and Annuity Illustrations

By: Maureen Henderson | 11.18.2020

  At the November 10th, 2020 Life Insurance and Annuities “A” Committee meeting, Center for Economic Justice’s (CEJ) Executive Director Birny Birnbaum got another 20 minutes of airtime claiming, “Life insurance and annuity illustrations obscure instead of explaining, the operation of the policy or contract.”  He reviewed a lengthy presentation during the meeting. (presentation found Read…

BrownWinick Ranked in U.S. News – Best Lawyers® 2021 “Best Law Firms” List

By: BrownWinick | 11.13.2020

  BrownWinick is excited to announce the firm has been included in the U.S. News – Best Lawyers® 2021 “Best Law Firms” publication. This marks the 11th consecutive year that BrownWinick has been recognized as one of Iowa’s “Best Law Firms”.  Firms included in the 2021 “Best Law Firms” list are recognized for professional excellence Read…

“Spooky” Halloween Pumpkins

By: BrownWinick | 11.09.2020

BrownWinick’s Charity Committee is thinking outside the box due to COVID to help non-profit organizations during this difficult time. So we put our heads together and came up with a more creative way to support one of our chosen non-profit organizations – Susan G. Komen Greater Iowa.  The Pumpkin Decorating Contest was all VIRTUAL, with Read…

Mark Cady Day of Public Service

By: BrownWinick |

On Friday, October 23, 2020, Iowa’s legal community held the inaugural Mark Cady Day of Service, honoring and celebrating the life of Justice Cady and his commitment to public service. There were various public service opportunities and BrownWinick decided to participate with a virtual food drive for the Food Bank of Iowa. The firm donated Read…

Oklahoma District Court Approves First U.S. Insurance Business Transfer – A New Era for the Insurance Industry

By: Maureen Henderson | 10.27.2020

  On October 16, 2020, the District Court of Oklahoma County approved Providence Washington Insurance Company (PWIC) to complete its Insurance Business Transfer (IBT) Plan, making it the first such transfer in the United States. As a result, all of PWIC’s transferred insurance contracts novated to Yosemite Insurance Co., an Oklahoma insurance company. Yosemite is  Read…

Market Conduct Analysis Statement Blanks (D) Working Group – Impacting Market Conduct surveillance – Accelerated Underwriting—putting the cart before the horse.

By: Maureen Henderson | 10.26.2020

  One of the working groups under the National Association of Insurance Commissioners (NAIC’s) Market Regulation and Consumer Affairs (D) Committee, the Market Conduct Annual Statement Blanks (D) Working Group’s goal is to collect uniform market conduct related data not otherwise available. To that end, the Blanks Working Group drafts and approves reporting Blanks and Read…

2020 NAIC Summit Recap

By: Maureen Henderson | 10.07.2020

  The National Association of Insurance Commissioners (NAIC) hosted their 2020 Virtual Insurance Summit in a new two-week format during September 8-10 & 15-17, 2020. The Insurance Summit is hosted by NAIC and the National Insurance Producer Registry (NIPR). This premier event brings together innovators and regulators to explore the future of insurance regulation. Building Read…

BrownWinick Managing Partner Chris Sackett Signs CEO Commitment to Racial Equity in DSM

By: BrownWinick | 09.30.2020

  BrownWinick is proud to announce that Chris Sackett, Managing Partner of BrownWinick, has recently signed the CEO Commitment to Racial Equity in DSM. This initiative is led by the Greater Des Moines Partnership’s Inclusion Council in collaboration with the Directors Council as well as Capital Crossroads leadership. The initiative calls on CEOs and top-level Read…

BrownWinick Attorney Loree Nelson Inducted to the American College of Trial Lawyers

By: BrownWinick | 09.28.2020

  BrownWinick is excited to announce that attorney Loree Nelson has become a Fellow of the American College of Trial Lawyers (ACTL), one of the premier legal associations in North America. The induction ceremony at which Loree Nelson became a Fellow took place Thursday, September 24th during the recent 2020 Annual Meeting of the College Read…