The National Association of Independent Insurers (NAII) announced that insurers are weighing the ramifications of a directive filed by the Arkansas Department of Insurance that amends the requirements for insurers using credit-based insurance scores for personal lines rating and underwriting. …
In an interim meeting this week, the National Association of Insurance Commissioners (NAIC) adopted a bulletin that outlines regulators’ expectations regarding filing of rates, policy form language and disclosure notices to policyholders in light of passage of the Federal Terrorism …
Insurers are weighing the ramifications of a directive filed by the Arkansas Department of Insurance that amends the requirements for insurers using credit-based insurance scores for personal lines ratings and underwriting. “The insurance industry has worked closely with the Arkansas …
The National Conference of Insurance Legislators (NCOIL) has adopted a credit scoring model act, but postponed action on an aftermarket crash parts model act and a proposal to fund consumer representatives at its recent meeting in San Francisco. The National …
If there was one message speakers at the 2002 Annual Meeting of the Texas Surplus Lines Association (TSLA) wanted their audience to go away with, it was: Get to know your state legislators. That was the mantra chanted by speaker …
Texas state legislators filed a package of eight bills that would introduce new regulations of homeowners and auto insurance in the state. According to the Houston Chronicle and the Associated Press, one bill would require carriers to file rates with …
South Dakota’s Division of Insurance has adopted new rules governing the use of credit based insurance scoring that the National Association of Independent Insurers indicates “strikes a balance between reasonable consumer protections and insurers’ use of this highly effective tool …
Texas legislators wasted little time in filing post-election insurance reform legislation. One week after an election in which campaigns rang with promises from Republicans and Democrats alike to bring down homeowners insurance rates, lawmakers filed more than two dozen bills …
As insurers increasingly rely on consumer credit histories and credit-related scores during the underwriting and rating process, the Independent Insurance Agents and Brokers of America (IIABA) is urging companies to proactively adopt and implement fair-minded and appropriate business practices regarding …
The Independent Insurance Agents and Brokers of America (IIABA) wants insurers to proactively adopt and implement fair-minded and appropriate business practices regarding their use of credit information. The agent/broker association says it “recognizes that consumer credit information is a powerfully …
