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December 10, 2007
 
Print Version of All Articles in Dec. 10 ICI
Print out this file for all text in the current edition....
 
NAIC Committee Votes to Establish New Database for Market Conduct Data
The NAIC wants to establish a new database to collect, store and analyze data from Market Conduct Annual Statements....
 
Minnesota Files Third Lawsuit Over Annuity Sales, This Time Against Midland National Life
Minnesota has sued Midland National Insurance Company for unsuitable sales of annuities. It is the third time this year that attorney general Lori Swanson has filed such a suit....
 
Coalition Wants Carriers to Watch for Arson Fraud

The Coalition Against Insurance Fraud is suggesting that the subprime mortgage crisis could lead some property owners to turn to arson as a convenient way out of their financial situation....

 
House Should Pressure the Senate This Week on TRIA
The House of Representatives is preparing to take a harder stand with the Senate this week on the reauthorization of the Terrorism Risk Insurance Act....
 
Scruggs Withdraws from Katrina Litigation After Co-Defendant In Bribery Case Pleads Guilty ...
The off-again, on-again question of whether Mississippi attorney Dickie Scruggs will continue to litigate Hurricane Katrina claims is off ... again. And, apparently, for a very good reason....
 
... As State Farm Argues Appeal of First Post-Katrina Verdict
State Farm has argued its appeal of the first post-Katrina claims judgment that awarded a Biloxi, Miss., couple $1 million in punitive damages....
 
Best Practice Tips: Consider This Advice for Evaluating Professional Designations
The American College is offering guidance that insurance companies can use to evaluate the professional designations used by their producers....
 
New Jobs, Titles of Interest
Two state insurance departments have announced promotions, and several insurance organizations have new officers....
 
ICI Opens 2008 Compliance Salary Survey

All responses to this year's annual salary survey are completely confidential....

 
Companies Don’t Get the Word About Indiana Fee Increases, But Won’t Face Retroactive Billings
It appears insurers won’t be faced with a retroactive bill from the Indiana Insurance Department, as some might have feared....
 
Rules, Regs & Bulletins Dec. 10, 2007

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