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December 19, 2011
Print Version of Articles in Dec. 19 ICI
Print out this file for text of articles in the current issue....
IMPROVING MARKET REGULATION: Rate & Form Reform, Uniformity, Optional Federal Charter Among Suggested Improvements for Insurance Regulation
Improve state insurance regulation, but don’t dump it, panelists tell FIO director....
IMPROVING MARKET REGULATION: ‘Promote Competition,’ Insurers Tell McRaith
“There are no too-big-to-fail or systemically risky insurance companies right now. That’s why insurance has fared so well during the global financial crisis,” one company CEO observed....
IMPROVING MARKET REGULATION: Conference Panel Tells FIO Chief to Keep U.S. Solvency Standards for Insurers
Industry Execs say the Federal Insurance Office should facilitate insurers’ access to markets, keep bank-like solvency standards from being imposed on American insurance companies, and prevent insurers from being identified as global systemically important financial institutions....
IMPROVING MARKET REGULATION: NAIC Committee to Look for Improvements in Market Regulation During 2012
The announcement comes as the Federal Insurance Office is formulating its recommendations for modernizing and improving insurance regulation in the United States....
As Expected, Few Recommendations in Florida No-Fault Report
The paper, however, paints a deservedly bleak picture of the situation in the Sunshine State....
FinCEN Issues Guidance for SAR Reporting of Account Takeovers
Although primarily intended for banks, the guidance might also be appropriate for insurers when the activity indicates illicit intrusions into a customer's account, such as changing a customer or account profile....
Call for Ban on Drivers’ Use of Cell Phones Gets Industry Support
“No call, no text, no update is worth a human life,” said National Transportation Safety Board chairman Deborah Hersman....
Former West Virginia Regulators Sign On with Law Firm
Former insurance commissioner Jane Cline has joined Spilman Thomas & Battle as director of public policy and Mary Jane Pickens, the former general counsel and director of the Legal Division, has joined the firm as counsel....
Merry Christmas, Happy New Year, Happy Hanukkah, Celebratus Festivus & the Blessings of Kwanzaa Be With You!
In keeping with our publishing schedule, and in keeping with the spirit of the holiday season, the next edition of Insurance Compliance Insight will be posted to our website Jan. 2, 2012. So, Mele Kalikimaka me ka Hau'oli Makahiki Hou! Y, Feliz Navidad y un Feliz Año Nuevo! Quite simply, we wish you and your families a joyous, happy and safe holiday season....
Insurance Regulations, Bulletins & Legislation – Dec. 19, 2011
Our roundup of recent regulatory developments and legislation....