Latest Department of Insurance Headlines
All the headlines from our Department of Insurance Topic Page, ordered by recency.
Ohio Department of Insurance Hosting Fraud Seminar
Jan 11 2002 // Ohio’s Department of Insurance will host the 2002 Insurance Fraud Seminar on Wednesday, March 6. The seminar will feature presentations by several fraud enforcement experts on topics such as “Crimes Against...
Calif. Won’t Adopt Terror Exclusions
Jan 8 2002 // According to a Jan. 7 Los Angeles Times article, California has refused to allow insurers to adopt terrorism exclusion language, a move which has already been by approximately 20 other states in the wake of Sept. 11. The...
Balking on Refund Plan for Overcharges, Farmers Says it’s Negotiating
Dec 17 2001 // Farmers Insurance Group, the third-largest auto insurer in Texas, has yet to agree to refund an estimated $8 to $10 million to policyholders it admitted overcharging, stating instead that it is continuing to negotiate a...
Ohio Department Issues Order Against Agent
Nov 6 2001 // The Ohio Department of Insurance issued a Cease and Desist order and a Notice of Hearing to William T. Snapp, of Milford (Clermont County), ordering the agent to stop engaging in the business of insurance by soliciting and...
Ohio Director Sues Chicago-Based Company
Nov 5 2001 // Ohio Director of Insurance Lee Covington, acting in his capacity as liquidator of property and casualty insurer Credit General Insurance Company, sued Chicago-based Grant Thornton LLP, certified public accounts and auditor...
Ohio Department of Insurance Orders 23 P/C Companies to Pay Up
Oct 18 2001 // The Ohio Department of Insurance ordered 23 property and casualty companies to pay money owed to insurance customers and submit corrective actions plans after market conduct examinations revealed that the companies were...
Ohio Order Against Agent Reinstated
Oct 8 2001 // The Seventh District Court of Appeals has reinstated Ohio Department of Insurance Director Lee Covington’s order revoking the license of John Sprankle of New Springfield, to sell insurance in Ohio. The reinstatement...
Ohio Director Reminds of New Licensing Requirements
Sep 27 2001 // Ohio Department of Insurance Director Lee Covington issued a reminder Sept. 20 to current property and casualty license holders that beginning Oct. 9, they will no longer be authorized to solicit or sell surety bail bonds...
Ohio Director Reminds Agents of New Licensing Requirements
Sep 25 2001 // Ohio Department of Insurance Director Lee Covington issued a reminder Sept. 20 to current property and casualty license holders that beginning Oct. 9, they will no longer be authorized to solicit or sell surety bail bonds...
Low Will Not Seek Election as Calif. Insurance Commissioner in 2002
Sep 21 2001 // On Sept. 20, California Insurance Commissioner Harry W. Low released the following announcement: “When I took office as California Insurance Commissioner last September, I made a commitment to myself and to the...
Politics Can Lead to Bumps in the Road for Auto Insurance
Aug 27 2001 // Overregulation in the auto insurance industry may be an accident that has already happened in some states; but regulators can look to other states as examples of how regulatory requirements can be uniform and yet flexible...
Calderon Announces Candidacy for California Insurance Commissioner
Jul 16 2001 // Thomas M. Calderon, the chair of the Assembly Committee on Insurance, announced his candidacy for California Insurance Commissioner. Calderon’s press office said he has distinguished himself as a reformer of the...
Arizona Dept. of Insurance Publishes New Survey
Apr 17 2001 // A new look has come to the Spring 2001 edition of the Arizona Department of Insurance’s “Automobile Premium Comparison Survey.” Premiums are quoted for 10 cities throughout the state. Insurance Director...
Welcome to our First Ever
Jan 8 2001 // The demarcation between years always seems to take on a contemplative aspect. We look back to where we’ve been, and then look forward to weigh our expectations. Will the market continue to harden? Will the dot-coms...
Ohio DOI Places Proliance Into Rehabilitation
Jan 3 2001 // An Ohio court has ordered Proliance Insurance Co. be placed into rehabilitation based on a request by the Ohio Department of Insurance Director Lee Covington. Proliance is a Columbus, Ohio, domiciled property and casualty...
Ohio DOI Places Acceleration National Into Rehabilitation
Dec 1 2000 // Ohio Department of Insurance Director Lee Covington filed a complaint Wednesday in the Franklin County Court of Common Pleas requesting that Acceleration National Insurance Company, an Ohio domiciled property and casualty...
General American Settles Lawsuit For $55 Million
Aug 25 2000 // General American Life Insurance Co. has agreed to pay $55 million to settle a class action lawsuit alleging the company deceived life insurance policyholders. If approved by a federal judge, the money would go to 251,000...
Personal Auto Profits Plummet
Aug 14 2000 // As Losses Top 66 Percent Will Texas Soon Bench the Benchmark System? Personal auto losses increased last year in 35 of 51 markets across the country, making for an average pure loss ratio of 65.6 percent, the highest level...
Ohio DOI Unveils New Online Service for Ohio Agents
Aug 4 2000 // Lee Covington, Director of the Ohio Department of Insurance, announced that a new online service provided by the Ohio Department of Insurance will help approximately 81,000 licensed Ohio insurance agents keep track of...
NAIC Adopts Resolution on Race Criteria, Small Face Value Products
Jun 13 2000 // Members of the National Association of Insurance Commissioners (NAIC) at the Summer National Meeting in Orlando yesterday approved a resolution to remedy the previous use of race as a criteria in underwriting and to...
