Insurance Fraud Weekly ePortWeek ending July 27, 2007 www.insurancefraud.org ________________________________ LEGISLATION & REGULATION * People who apply for auto coverage in North Carolina must prove they’re residents under a bill the legislature passed Wednesday. H279 targets out-of-state drivers who register their vehicles …

Below is information regarding a recent National Conference of Insurance Legislators (“NCOIL”) Summer Meeting in Seattle, Washington, where legislators commenced an investigation of alleged abuses in the long-term care insurance industry, and questioned whether current regulation adequately protects consumers of …

A meeting of the Citizens Property Insurance Corporation (“Citizens”) Actuarial and Underwriting Committee (“Committee”) took place on July 19, 2007. To view the Agenda, please click here. The Committee’s first order of business was to discuss the newly developed product …

Citizens Property Insurance Corporation released meeting information for its upcoming July 30 educational forum on sinkhole-related policy changes.  The forum will be held in Spring Hill, Florida. To read more about recent legislation related to Florida sinkhole coverage, click on …

A conference call of the National Association of Insurance Commissioners (“NAIC”) International Solvency and Accounting (E) Working Group (“Working Group”) of the Financial (E) Committee (“Committee”) took place on July 24, 2007. The Committee interfaces with NAIC technical task forces …

The United States Securities and Exchange Commission (“SEC”) has requested comments on the possibility that SEC registrants be allowed to use International Financial Reporting Standards (“IFRS”) instead of US Generally Accepted Accounting Principles (“GAAP”). An SEC press release is below. If both Rules go …

Click on a headline to read the complete story:   Broward school cuts: bus service, traffic aides When school starts in August, there will be fewer bus stops, fewer school supplies and fewer crossing guards as the Broward school district …

Click on a headline to read the complete story:   No-Fault’s Demise Could Mean Higher Rates, Risk Come Oct. 1, auto insurance will no longer be required in Florida.  It’s the consequence of the Legislature allowing Florida’s no-fault auto insurance …

Click on a headline to read the complete story:   Martinez, Nelson call for bomb-area cleanup near school ‘ASAP’ Reaching across the political aisle for the sake of an Orange County middle school built atop a WWII-era bombing range, Senators …

Click on a headline to read the complete story:   Insurers’ ‘adjustments’ a bad joke Florida lawmakers faced a formidable task as the Legislature convened for the January 2007 special session: to develop a strategy to handle the property insurance …