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February 25, 2013
Print Version of Articles in Feb. 25 ICI
Print this file for text of articles in the current issue....
Insurers Objecting to New York Investigations Into ‘Unacceptable’ Storm Sandy Claims Handling
New York says the three companies have levels of consumer complaints that are “much higher than average” and that their claims handling is “totally unacceptable.” At least two of the insurers disagree and say they’ve settled the vast majority of claims they’re received....
Two States Order Travel Insurer to Make Refunds for Website’s ‘Opt-Out’ Practice
Consumers were routinely required to affirmatively opt out of purchasing premium travel insurance packages....
NAIC Seeks Companies for Second ORSA Pilot
Regulators are promising confidentiality for the project, which will allow states to provide high-level feedback to the industry prior to the effective date for actual ORSA summary reports....
FINRA Fines ING Broker-Dealers for Document Retention, Review Errors
The affiliates are paying a $1.2 million fine for failing to retain or review moe than 6 million email messages....
California Commissioner Files Appeal to Require Notice When Health Insurers Cancel, Rescind Coverage
The squabble between the California Association of Life & Health Insurance Companies and the state’s Insurance Department dates to last summer when commissioner Dave Jones issued Guidance 2470:2....
It Could Happen to You: OFAC Levies Sanction for Deleting Iranian Reference
Iran remains top-of-mind for some insurance regulators, too....
IAdCA Conference Features Tips for Digital Advertising Compliance
We also spotlight other industry meetings on the horizon....
Insurance Regulations, Bulletins & Legislation – Feb. 25, 2013
Our roundup of recent regulatory developments and legislation....
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