After its meeting yesterday, June 5, 2012, the National Association of Insurance Commissioners (“NAIC”) Auto Insurance Study Group (“Study Group”) requested comments and recommendations on a...
Category: National News
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...
NAIC Spring 2012 National Meeting Summaries
March 27, 2012
Category NAIC
The National Association of Insurance Commissioners (“NAIC”) recently held its Spring 2012 National Meeting in New Orleans, Louisiana. On the final day of the event, which took place from March 3 through March 6,...
Federal Advisory Committee on Insurance To Hold First Meeting On March 30 in Washington, D.C.
March 20, 2012
Category Insurance Regulatory News
The Federal Advisory Committee on Insurance (“FACI”) is scheduled to hold its first meeting in Washington D.C. on March 30, 2012 at 1:00 p.m. in the Cash Room of the U.S. Treasury. To view the meeting...
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...