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May 7, 2012
 
Print Version of Articles in May 7 ICI
Print out this file for text of articles in the current issue....
 
Best Practice Tip: Encourage Good Communications During Claims Process
J.D. Power says communication and managing of expectations should start with the first notice of loss – the biggest cause of lower satisfaction....
 
Idaho Changing Credit Score Rules to Allow for ‘Neutral Scores’
A number of insurers have asked that they be allowed to use a “neutral” score or rate, and now they'll get their wish....
 
Florida Governor Signs Landmark No-Fault Reform ...
Noted fraud fighter says the bill signing is the largest and potentially most-effective fraud reforms any state has passed in several years....
 
... As New York Moves to Close No-Fault Claims Loopholes
Once the regulations take effect, insurers will be able to use overbillings or phantom billings as grounds for denying a claim....
 
Court Dismisses Insurer Challenge to California Homeowner Regulations
The Insurance Department had issued the new homeowner insurance regulations to address confusion about what a replacement cost estimate actually covers....
 
Washington Denies Insurers Requests to Change, Delete Prescription Drug Coverage from Health Plans
Two insurers had insisted that their policyholders rely solely on generics....
 
FinCEN Agrees to Share Money Laundering Information with Louisiana, California
The collective goal is to enhance communication and coordination between FinCEN and the states....
 
FDIC: States Will Handle Mutual Insurer Insolvencies
“Trying to shoe-horn mutual holding companies into a resolution authority designed for banks would have only added a needless complication to an already difficult process," said NAMIC, which pushed for the rule....
 
Insurance Regulations, Bulletins & Legislation – May 7, 2012
Our roundup of recent regulatory developments and legislation....