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Oct. 6, 2014
Print Version of Articles in Oct. 6 ICI
Print this file for text of articles in the current issue....
Allstate Will Pay $22 Million After Not Settling Auto Accident Claim
The bad faith settlement is 88 times what the insurer would have paid if it had approved the initial request for a settlement....
MetLife Is Appealing SIFI Designation
FSOC voted unanimously, with one member voting present, to designate MetLife a SIFI during its Sept. 4 closed-door meeting....
Federal Reserve Asks Insurers for Help in Setting Capital Standards
Survey results will help create a capital framework unique to insurance while also fulfilling the requirements of the Dodd-Frank Act....
States Now Looking at Social Media During Market Conduct Exams
If you want to know where insurance regulators are headed with insurers’ use of social media, you’ll find plenty of clues at the Financial Industry Regulatory Authority, but also pay attention to the attention that market conduct examiners are giving it....
GAO to Health Insurers: No Money Coming for High-Cost Enrollees
The ruling applies to so-called “risk corridors,” used by insurance companies that sell through exchanges....
Insurance Regulations, Bulletins & Legislation – Oct. 6, 2014
Our exclusive roundup of recent regulatory developments and legislation...