The following article is part two of a three-part commentary written by an insurance company executive which includes an industry critique and reflection on lifelong lessons learned. Part one appeared in the Aug. 9 issue of Insurance Journal magazine. Part …
New York Gov. George Pataki has allowed a bill governing insurers’ use of credit scoring to become law without his signature. The bill is based on the industry-supported model developed by the National Conference of Insurance Legislators (NCOIL). Under the …
The Myers Law Firm has opened an office in Lee’s Summit, Mo. Its principal, Ross S. Myers, served 5 1/2 years as senior counsel of insurance regulatory affairs for the National Association of Insurance Commissioners (NAIC). Myers represented the NAIC …
The following article is a commentary written by an insurance company executive which includes an industry critique and reflection on lifelong lessons learned. This three-part commentary will appear in Insurance Journal magazine in August and September. I have spent my …
An agreement was reached today between states involved in an ongoing credit scoring study and the major associations representing the property/casualty insurance industry, with the states deciding to suspend their multi-state study in exchange for the industry agreeing to provide …
Massachusetts Gov. Mitt Romney has signed into law a bill changing from January 1 to April 1 the date that annual private passenger auto insurance rates take effect. The measure had been backed by the Massachusetts Association of Insurance Agents …
The current proposal to change the Massachusetts auto insurance residual market to an assigned risk plan is “a Trojan Horse proposal designed to fail in order to produce an endless stream of anti-consumer measures in future years,” according to one …
The Louisiana Department of Insurance will hold a property and casualty filing seminar in Baton Rouge on Aug. 19 and 20, 2004. Hot topics include: Regulation 78; Terrorism; Flexible Rating/Filing Provisions; Credit Scoring; Mold and Moisture; Industry Access; Form Filing …
Acknowledging that Arkansas law imposes minimal restrictions on underwriting, the Arkansas Insurance Department nevertheless announced that it expects property and casualty insurers to give proper attention to the explicit rights of their policyholders and that they should be treated with …
According to the Property Casualty Insurers Association of America (PCI), the failure of regulators to include “due process” provisions in the proposed changes to the National Conference of Insurance Legislators’ (NCOIL) Market Conduct Surveillance Model Act could give carte blanche …
