Legislation that would reportedly prohibit homeowners’ insurers from using credit history for underwriting, rating or payment plans in California will be considered Wednesday by the Senate Insurance Committee. “Senate Bill 691 ignores compelling evidence of the relationship between credit history …
The National Conference of Insurance Legislators (NCOIL) credit-based scoring model is gaining momentum after the first four months of this year’s state legislative season, an official of the National Association of Mutual Insurance Companies (NAMIC) reports. NAMIC Vice President of …
Nuts & Bolts: Superior Access is now offering a new BOP (Office Package Program) through a carrier with an AM Best Rating of “A+ XV”. Will entertain new ventures with a minimum of three years experience in their field. Agents …
The Alliance of American Insurers is disappointed that the Montana Legislature has failed to pass a bill that would have struck a fair compromise on regulating how insurers use consumer credit histories in underwriting and rating policies. The bill, SB …
VFS Insurance Group, the insurance division of the Volvo Group, has added eight states and the District of Columbia to the list of states in which it is licensed to sell insurance, bringing the total to 22 plus D.C. Over …
The Nebraska legislature has joined North Dakota in adopting the National Conference of Insurance Legislators’ (NCOIL) model act for credit-based insurance scoring. Kansas also has passed legislation that follows much of the NCOIL model. The NCOIL model requires an insurer …
Legislation regulating the use of credit-based insurance scores was recently signed by North Dakota’s governor and has passed the Kansas legislature. Three other states, Colorado, Virginia and Wyoming have enacted legislation this year. North Dakota became the first state to …
Combined Group, a Carrollton, Texas based MGA, announced the launch of BOPExpressTM, a single entry multiple carrier Business Owners Policy (“BOP”) quoting environment. Initially, this offering will only include Travelers’ BOP product; however, other carriers will be added after launch …
Republican Minnesota Gov. Tim Pawlenty has made his state the third in the nation to enact a law that will go a long way toward stabilizing the commercial insurance market, according to a statement released by property/casualty trade group Alliance …
Nuts & Bolts: Superior Access expanded its personal umbrella programs with two new carriers, both rated “A” (Excellent) by A.M. Best. Agent commissions are 10 percent on both new and renewal business for both programs. Dollars: Program 1:limits from $500,000-$2M.Underlying …
