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January 28, 2008
 
Print Version of All Articles in Jan. 28 ICI
Print out this file for all of the text in the current issue....
 
Allstate Delivers More Documents; Florida Regulators Ask Court to Reinstate Suspension
The Florida Office of Insurance Regulation asked a state court to reinstate its suspension of Allstate's insurance license for failing to produce ducuments -- on the same day that the company turned over thousands of additional papers....
 
New York Commission Considering Principles-Based Regulation for Financial Services Industry
A New York commission is continuing its work to overhaul the regulation of the financial services industry there, and is taking a hard look at moving toward implementing principles-based regulation. It held its first formal meeting earlier this month....
 
Health, Life Carriers Could be Challenged by Flu Pandemic; Report of Exercise Points to Vulnerabilities
According to a federal report, health and life insurance companies would be among the business sectors that could be impacted by a flu pandemic outbreak, but property/casualty companies reported being better positioned to withstand its effects....
 
Proposed Bill in Colorado Would Ban Use of Credit Scores
The name-calling has already started about the latest attempt for a state to bar insurance companies from using credit scores. Colorado is considering the issue for the third time in five years....
 
P/C Companies May be Left Out of Optional Federal Charter Discussions
If the House Financial Services Committee takes up optional federal charters during 2008, there is a good chance that the discussion will include only life insurers....
 
NAIC Identifies Committee Chairs, New Initiatives for 2008
The NAIC has selected its committee chairs and vice chairs for 2008, and identified some of the new initiatives the group will address....
 
Congressional Budget Office, Greenspan Suggest U.S. Might Escape A Recession; How Will That Affect You?
Last week’s move by the White House and Congress – a $150 billion economic stimulus package that includes tax breaks for individuals and business – could encourage the economy enough to make a recent Congressional Budget Office economic forecast a reality ... and forestall any widespread loss of jobs. The impact on insurance and compliance jobs remains to be seen....
 
Rules, Regs & Bulletins Jan. 28, 2008

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