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February 6, 2012
 
Print Version of Articles in Feb. 6 ICI
Print out this file for text of articles in the current issue....
 
Best Practice Tip: Prudential’s Death Master File Settlement Includes Compliance Best Practices
One commissioner hopes the settlement will lead other life insurers to come forward and enter into similar agreements, and he will use the Prudential agreement when writing them....
 
Prudential Paying $17 Million, Changing Compliance Practices to Settle Multistate Action on Death Claims
State insurance regulators expect the settlement to serve as a template for the rest of the industry....
 
Three States Will Now Require Large Insurers to Complete Climate Risk Survey
California, Washington and New York will now require all companies that write $300 million or more in direct written premium to respond to the survey....
 
Bill in Congress Addresses Use of Aftermarket Crash Parts
The proposed legislation would give original equipment manufacturers a monopoly on so-called cosmetic auto repair parts before opening the market to third-party companies, who could then design, manufacture and advertise their own versions....
 
‘Premiums Aren’t Unfair to Low-Income Consumers,’ Industry Says in Reply to CFA Report
The Consumer Federation of America says auto insurance rates aren't fair to low- and moderate-income households....
 
Trends, Tactics on Tap at Insurance Fraud Conference
“The sense is that the bad actors being pushed out of federal programs are now looking at opportunities in the private sector,” one expert says....
 
Insurance Regulations, Bulletins & Legislation – Feb. 6, 2012
Our roundup of recent regulatory developments and legislation....