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January 5, 2009
 
Print Version of All Articles in Jan. 5 ICI
Print out this file for all of the text in the current issue....
 
Annuities, Suitability, Credit Scores, Federal Insurance Reform Loom as Top 2009 Issues
Get ready for a wild ride. 2009 is shaping up to be, in the words of one industry executive, “the most challenging policy and advocacy environment the insurance industry has faced since the end of World War II...."
 
Three Insurers Tripped Up On Claims Miscues
Oregon has sanctioned two insurers, and California penalized a third, for improperly handling insurance claims....
 
Florida Alleges Mismanagement at Conseco; Threatens to Suspend License
Conseco Life Insurance Company got an ugly lump of coal in its stocking just before Christmas – a show cause order from the Florida Office of Insurance Regulation, a promise that Florida will continue to investigate its business practices and a threat that the state could suspend or revoke its license....
 
A Million-Dollar AML Lesson: Your Program Should Monitor the Way Your Company Conducts Business
A word to the wise when it comes to your anti-money laundering program: Make sure it addresses the way your company – and your customers – conducts business....
 
Industry Chafes As FTC Orders Nine Insurers to Provide Insurance Score Data
The Federal Trade Commission has ordered nine insurance companies to produce information for a study about the use and effect of credit-based insurance scores on those who buy homeowner insurance....
 
Long, Bowman Depart DOI Posts in North Carolina, Arkansas
Two long-time insurance commissioners are leaving office in North Carolina and Arkansas....
 
NAFA Annuity Training Now Approved in 50 States
Looking for training about indexed annuities? The education now being offered by NAFA, the National Association for Fixed Annuities has been approved in all 50 states....
 
Rules, Regs & Bulletins Jan. 5
A summary of recent regulatory developments and legislation....