The value of the legal argument for diminished value appears to be ... well, diminishing. Courts in two states have ruled in recent decisions that insurers have no obligation to pay for it....

New minimum limits for automobile liability insurance policies go into effect in South Carolina Jan. 1, 2007. An insurance department bulletin issued earlier this year provides the details....

Personal auto carriers are urging Massachusetts insurance commissioner Julianne Bowler to put the pedal to the metal and quickly set up a new assigned risk plan for drivers who can’t find coverage in the voluntary market. The plan would replace a divisive system that insurers have complained about for years....

The compliance function can greatly benefit from monitoring its company’s business function, particularly if it uses a systematic approach, top compliance officials at two insurance companies advise....

A key committee of the National Conference of Insurance Legislators has approved a long-worked-on, and now revised, Market Conduct Surveillance Model Law. The vote could lead to more consistent market conduct exams, and increased state cooperation and collaboration....

Frances Arricale is the new executive director of the Interstate Insurance Product Regulation Commission....

A top NASD examiner told compliance professionals last week that, “It wouldn’t surprise me if other regulators starting looking into variable life replacements and exchanges...."

A blue-ribbon panel in Florida has suggested 50 ways the state can improve its property/casualty insurance market, and some of them would require insurers to provide new disclosures and offer new policy coverage options.

Deloitte & Touche suggests you consider these developing trends when developing strategies to deal with electronic communications....

Large insurance companies are, by some measures, well on their way to having policies and procedures in place that address e-mail, instant messages and other electronic communications. But there is a developing compliance gap when it comes to instant messaging....

Take a page from the Lincoln Financial Group, where compliance and sales have forged a partnership that allows them to get to “Yes!” more often than not ...