August 13, 2003
The Consumer Federation of America (CFA) released a study which reportedly found that at least 40 percent of the leadership of the National Conference of Insurance Legislators (NCOIL), an organization that offers model bills and resolutions on how to regulate …
August 4, 2003
Custom Casualty products offered by ACE Risk Management, a unit of ACE USA, can help single parent captive owners address coverage gaps triggered by changes in the insurance market. Current market conditions have created a gap between the umbrella/excess carrier …
June 25, 2003
The National Conference of Insurance Legislators (NCOIL) leadership said before the Executive Committee of the National Association of Insurance Commissioners (NAIC) that after more than four years of examination, NCOIL has concluded that a model law for market conduct reform …
June 24, 2003
The Maine legislature tackled several important issues this session such as credit-based insurance scores and workers’ compensation, however it deferred action on establishing building codes and creating a joint underwriting authority to address affordability issues with coastal property. Maine joined …
June 17, 2003
The National Association of Independent Insurers noted that the 2003 Vermont legislative session wrapped up with little impact on the property/casualty insurance industry. The bulletin indicated that the legislative session had been dominated by more pressing priorities, notably budget issues …
June 9, 2003
A new independent consumer survey conducted for the Independent Insurance Agents & Brokers of America (IIABA) confirms that non-renewals and premium increases are becoming more common in the current homeowners insurance market. The national survey determined that nearly 2.5 million …
June 6, 2003
The American Insurance Association praised Vermont’s Legislature as it ended its current session for enacting an AIA-supported bill (S.25) to improve the safety of children in motor vehicles, and for its rejection of provisions that would have expanded the definition …
June 2, 2003
The Alliance of American Insurers hailed Vermont Governor Jim Douglas’ (R) for signing into law HB 148, a version of the Uniform Electronic Transactions Act (UETA), which supports use of electronic records and signatures. (See IJ Website May 23) The …
May 23, 2003
The Alliance of American Insurers has released a bulletin urging Vermont Governor Jim Douglas (R) to sign into law a bill, passed by the State’s legislature, that will “greatly enhance insurers’ and policyholders’ ability to conduct the business of insurance …