On June 29, 2012, the Alabama Department of Insurance issued Bulletin No. 2012-03, which informs all insurers licensed in Alabama of the enactment of the Insurance Fraud Investigation Unit and Crime Prevention...
Category: National Insurance Regulation News and Updates
The North Carolina Department of Insurance issued the following news release on June 14, 2012: NCDOI Launches NCHurriClaims.com New website helps North Carolinians prepare for hurricane season RALEIGH — Insurance...
Consumer Federation of America: Insurers Can Manipulate Computer Systems to Broadly Underpay Injury Claims
June 6, 2012
In a June 4, 2012 report entitled “Low Ball: An Insider’s Look at How Insurers Can Manipulate Computer Systems to Broadly Underpay Injury Claims,” the Consumer Federation of America accuses...
SB 385 was passed by the Georgia General Assembly and signed by the Governor. SB 385 allows auto insurers to include a notice of policy cancellation in a bill to an insured who is paying on a monthly basis. ...
On March 29, 2012, the Maryland Insurance Administration (“MIA”) announced a revised format for the annual Fraud Data Report required of insurers under Section 27-803 and COMAR 31.04.15.06. The report...
The State of Washington Office of the Insurance Commissioner filed proposed Rule 2011-30, entitled “Certificates of Insurance,” for permanent adoption on April 16, 2012, with an effective date of May 17,...
Nebraska Department of Insurance (“NDOI”) Director Bruce R. Ramge advised all sickness and accident insurance carriers that the Medical Information Bureau has issued a requirement for its member companies...
New York Department of Financial Services (“Department”) Superintendent Benjamin Lawsky has issued Insurance Regulation 187, an emergency measure dealing with Suitability in Annuity Transactions. The...
Illinois Department of Insurance (“Department”) Director Andrew Boron announced on March 15, 2012 that all new and renewal producer/business entity applications submitted to the Department will be processed...
The Office of Washington Insurance Commissioner Mike Kreidler has announced the adoption of two new annuity-related Rules based on the National Association of Insurance Commissioners Model Act. The new Rules,...