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December 31, 2007
 
Print Version of All Articles in Dec. 31 ICI
Print out this file for all the text in the current issue....
 
Rapid Growth Leaves Universal Health Care Inc. Short on Surplus, Ripe for Sanctions
Two health insurers are learning a hard lesson about growing their book of business too fast, and then not being forthcoming about their financial conditions to Florida regulators....
 
Kreidler Will Present Universal Health Care Package to Washington Legislature
Washington insurance commissioner Mike Kreidler will offer a health insurance reform proposal to the legislature that would provide a defined level of guaranteed health insurance benefits for all state residents....
 
Bush Signs Seven-Year TRIA Extension Into Law
The country didn’t get the TRIA extension in time for Christmas, but at least we didn’t get a lump of coal in our stockings. President Bush signed the Terrorism Risk Insurance Program Reauthorization and Extension Act Dec. 26....
 
Justice Can Still Be A Crap Shoot, According to Latest Judicial Hellholes Report
You are literally gambling with justice in the two newest “Judicial Hellholes” named in the American Tort Reform Association’s annual listing of locales with inequitable justice. Clark County, Nev., and Atlantic County, N.J. – homes to Las Vegas and East Coast gambling center Atlantic City – were named to this year’s list for the first time....
 
Ohio High Court Upholds Limits on Pain and Suffering Awards
The Ohio Supreme Court has upheld a state law that limits the amount that can be awarded when a defective product causes pain and suffering....
 
George Dale Leaving Office Early, Top Louisiana Regulator Also Exiting
The dean of insurance commissioners is leaving office early, top officials in Louisiana and New York are retiring, and a former insurance commissioner has died....
 
GAO Report Lays Out Pros, Cons of Catastrophe Insurance Options
The Government Accountability Office has issued a report that outlines seven public policy options for national catastrophe insurance, but makes no recommendations for a course of action....
 
Former AIG Executive Charged with Mail Fraud
A former senior executive at AIG and three other men been arrested and charged with defrauding the company of more than $1 million....
 
LOMA-LIMRA Merger Into LL Global Takes Effect Jan. 1
Member companies of LIMRA International and LOMA have voted overwhelmingly to merge, effective Jan. 1, 2008....
 
2008 Compliance Conference Calendar

Details about 2008 meetings and conferences that might be of interest to compliance professionals....

 
Will Compliance Pros Earn Enough to Pay for Holiday Bills? Let Us Know in Annual Salary Survey

Will you have enough money in your paycheck to cover all of your holiday bills? Nearly 42 percent of those who answered the 2007 Insurance Compliance Insight SIU Salary Survey say pay isn’t keeping up –  and a recent survey is forecasting only a modest 3.9-percent increase in salaries for employees at all companies during 2008....

 
Rules, Regs & Bulletins Dec. 31, 2007

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