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April 28, 2008
Print Version of All Articles in April 28 ICI

Print out this file for all of the text in the current issue....

Allstate-Florida Battle Continues; State Rejects Settlement Offer; Both Sides Await Court’s Second Decision
Allstate and Florida are awaiting a court decision that will determine if, and when, the state can suspend the insurer's license to sell new policies....
Industry Slams Latest Bob Hunter Report As ‘Shallow, Incorrect, Misguided’
The industry is disagreeing with a new consumer report that claims prior approval regulation leads to a slower rate of premium increases for auto insurance and that competition is bad for consumers...
Liberty Mutual Will Buy Safeco for $6.2 Billion; Too Soon to Determine Impact on Compliance Operations
Liberty Mutual has agreed to buy Safeco for $6.2 billion, but it is still too soon to tell how the acquisition will impact the compliance functions at the two companies....
FINRA Will Delay Supervision, Suitability Standards for Variable Annuity Rule
The Financial Industry Regulatory Authority is seeking to delay implementing parts of its variable annuity rule because it plans to file a “substantive rule change” in the near future....
FinCEN Chief Seeks to Tap International Regulators for AML Data, Cooperation
Your anti-money laundering work and suspicious activity report filings may soon be used more often by international crime fighters, the director of the FinCEN said in an April 25 speech....
Senate OKs Ban On Genetic Discrimination; Bush Expected to Sign Legislation

Congress has passed legislation that bans genetic discrimination by health insurance companies and employers....

Missouri, Nevada Commissioners to Leave Office

Commissioners in Missouri and Nevada have indicated they will soon be leaving office....

Prepare for Active 2008 Hurricane Season, Say Forecasters
Expert hurricane forecasters are predicting a busier-than-normal hurricane season this year....
Rules, Regs & Bulletins April 28, 2008

A summary of recent regulatory developments and legislation....