The Ohio Department of Insurance will conduct a review of Ohio insurance companies to inquire about the industry’s current use of credit scoring and how companies are moving toward complying with a new regulation that went into effect June 12, …
According to Texas Attorney General Greg Abbott, the state has reached a settlement with Farmers Insurance Group that requires the company to refund an estimated $2.4 million to about 13,000 Texas motorists who may have paid more for vehicle repairs …
There is a question that goes back-and-forth when it comes to services. Do I get better service from a national company that has numerous products at its disposal nationwide or do I get better service from the local company who …
Texas Insurance Commissioner José Montemayor and the Texas Department of Insurance have a big job ahead of them in implementing the regulatory reforms put in motion by the 78th Texas Legislature. In a recent interview with Insurance Journal, Montemayor shared …
With the regular session of the Texas Legislature now mercifully over (special sessions notwithstanding), it is instructive for the surplus lines industry to take a hard look at what occurred at the Capitol. In particular, the evolution of Senate Bill …
Of the 19 states that enacted new laws in 2003 dealing with credit-based insurance scores, legislators in 13 states elected to follow the provisions of the model act developed by the National Conference of Insurance Legislators (NCOIL). The NCOIL model …
Insurance reforms enacted by the 78th Texas Legislature dominated many discussions at the 106th Annual Independent Insurance Agents of Texas Convention, held June 19-21 in San Antonio. Not only did Lt. Governor David Dewhurst address insurance measures in his wrap-up …
In the largest and reportedly most comprehensive study ever undertaken on the connection between credit history and insurance risk, a team of researchers has found that a consumer’s credit-based insurance score is unquestionably correlated to that consumer’s propensity for auto …
The National Association of Independent Insurers, commenting on the recently concluded session of the New York state legislature, which adjourned last week, said that it had “turned out to be a disappointing session for the insurance industry.” “We’re very discouraged …
Use of credit-based insurance scores, regulatory reform, medical liability and auto repair issues were among the most significant bills considered during the 2003 regular legislative session in Nevada, which concluded earlier this month. Nevada joined other states this year in …
