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April 25, 2011
Print Version of Articles in April 25 ICI
Print out this file for text of articles in the current issue....
States Focusing on Insurer’s Handling of Unclaimed Property
Officials have suspicions some insurers, knowing that the policyholder or contract owner has died, use the policy’s cash reserves to continue collecting premium payments, then cancel the policy when the money runs out....
Wisconsin Seeks to Lower Readability Requirements for Insurance Policies
The new Wisconsin insurance commissioner wants to avoid high implementation costs for insurance companies....
California, National Western in Annuities Class Action Settlement
National Western Life has agreed to pay $17 million to seniors who purchased its annuity products....
New Commissioner Steps Quickly Into Place in Michigan
A former industry executive is the new commissioner....
PCI Study Calls for Actuarially Sound Flood Insurance Rates
Current rates for National Flood Insurance Program are about a third of the true risk cost in many parts of the country the new study shows....
Casino AML Sanction Has Compliance Lessons for Insurers
The casino’s penalty is yet another cautionary tale that insurer can learn from....
Insurance Regulations, Bulletins & Legislation – April 25, 2011
Our summary of recent regulatory developments and legislation....
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