Latest Utah Headlines
All the headlines from our Utah Topic Page, ordered by recency.
Zions Bank Acquiring Utah-based Insurer
Jul 16 2002 // Zions Bank, a subsidiary of Zions Bancorporation, and Grant-Hatch & Associates, Inc., a Salt Lake City-based insurance agency, announced an agreement has been signed under which Zions will acquire Grant-Hatch. Under...
Utah’s DOI to Meet On License Testing Program
Jul 11 2002 // The Utah Insurance Department will hold a public meeting Wednesday, July 31, to discuss the testing program for insurance licenses. Officials from the Department and representatives of Experior AssessmentsTM, LLC and the...
Utah Credit Scoring Law Takes Effect May 6; Dept. Working on Regulation
May 6 2002 // Utah’s new law restricting insurers’ use of credit-based insurance scores to “initial underwriting” and discounts will take effect May 6. The state Insurance Department has asked insurers to comment...
NAII Seeks Veto of ‘Diminshed Value’ Bill in Utah
Mar 26 2002 // Utah Gov. Michael Leavitt is being asked to veto House Bill 342, which states insurers must pay a rental car company for the diminished value of a rented vehicle that is damaged. HB 342 is unnecessary and redundant since...
Insurers’ Efforts to Protect Consumers Partially Successful in Utah Legislative Session
Mar 18 2002 // Insurers’ major efforts in the recently concluded Utah legislative session were devoted to benefiting consumers by preserving the use of credit-based insurance scores and to soften harmful aspects of other bills....
Utah Legislature Sends Structured Settlement Protection Bill to Gov.
Mar 13 2002 // The Utah Legislature has passed a bill aimed at protecting consumers who depend on structured settlements, becoming the first state this year to do so, according to the Alliance of American Insurers. Five other states are...
Utah Legislature Passes Bill Allowing Credit-Based Scores for Underwriting and Discounts
Mar 11 2002 // Legislative action was completed March 6 on Utah House Bill 110 after the bill was amended to allow insurers to use credit-based insurance scores for initial underwriting in auto insurance. On rates, the bill still allows...
Utah Senate Committee Approves House Bill On Credit-Based Scores
Mar 4 2002 // A state Senate committee approved on Feb. 27 House Bill 110, which would allow insurers to use credit-based insurance scores only to provide discounts to their auto insurance customers. The Senate Transportation and Public...
Utah House Passes Bill for Insurers
Feb 8 2002 // The Utah House passed a bill Feb. 5 allowing insurers to use credit-based insurance scores only to give their customers discounts. “By requiring insurers to use insurance scores only to provide premium discounts and...
Utah Bill Prohibits Credit-Based Scores from Being ‘Primary’ Reason for Insurers’ Decisions
Jan 29 2002 // A bill prohibiting auto insurers’ use of credit-based insurance scores was modified in a House committee today to say such scores cannot be the “primary” reason for any action by the insurer. The bill...
Utah Proposes Changing Privacy Regulation
Jan 22 2002 // The Utah Insurance Department is proposing to change its privacy regulation so that a third party involved in an insurance claim will be classified as a consumer rather than a customer of the insurer. “Without this...
Credit Scoring May Come Up in Olympics-Disrupted Utah 2002 Legislative Session
Jan 21 2002 // According to the National Association of Independent Insurers (NAII), although the credit-scoring issue is lurking in the background, few bills of major insurer interest are definitely set yet for the Utah legislative...
NAII Claims Utah Ruling Was Flawed
Nov 13 2001 // A Utah Supreme Court decision reinstating a $145-million punitive damages award against State Farm Mutual Automobile Insurance Co. in a bad-faith case also upheld “irrelevant” admission of evidence that...
Great American® Offers Online Notary Bonds in Utah via ElectronicSurety.com
Oct 25 2001 // Great American Insurance Company now offers notary bonds and error and omission insurance for purchase online in Utah through its ElectronicSurety website. Low rate notary bonds are also available in Texas, Michigan,...
Insurers Seek to Keep Utah Workers’ Comp Fund from Selling Insurance in Idaho
Oct 18 2001 // A group of private insurers indicated they are supporting a move by the Idaho Department of Insurance to prohibit a subsidiary of the Utah Workers’ Compensation Fund (WCF) from selling insurance in Idaho and, they...
Utah Workers’ Comp Fund Gets ‘A-‘ from A.M. Best
Aug 17 2001 // A.M. Best Company reaffirmed Workers’ Compensation Fund’s “A-” rating. According to A.M. Best, the rating reflects the mutual insurance company’s excellent financial strength, strong reserving...
Farmers Introduces New Parents Program in Utah
Aug 3 2001 // Farmers Insurance Group of Companies announced a special discount program for new parents in the state of Utah. New parents will be eligible to earn discounts on auto insurance. Farmers has also arranged for new parents to...
Great American Insurance Co. Expands into Utah
Jul 24 2001 // Great American Insurance Co. is now offering notary bonds and error and omission insurance which can be purchased online in Utah via its ElectronicSurety website. The low rate notary bonds are also accessible in Texas,...
UTAH LEGISLATURE PASSES W/C BILL
Feb 26 2001 // The Utah State Legislature has passed HB 59, allowing subsidiaries of the state workers’ compensation fund to sell insurance to employers outside Utah, in direct competition with private insurance companies. If...
Utah Legislature Passes Bill to Allow State Workers’ Comp Fund to Operate in Other States
Feb 13 2001 // The Utah State Legislature has passed HB 59, allowing subsidiaries of the state workers’ compensation fund to sell insurance to employers outside Utah, in direct competition with private insurance companies. If...
