The Financial Industry Regulatory Authority is now in business. The consolidation of NASD and the member regulation, enforcement and arbitration operations of the New York Stock Exchange became effective July 30....
Best Practice: Variable Annuity Suitability If you want to do a complete job of verifying the suitability of variable products, don’t miss an opportunity to check and double-check the information about the sale....
FTC Report Validates Insurers’ Use of Credit, But Probably Won’t Change Critics’ Minds Let’s not get too excited about the Federal Trade Commission’s report about credit scores. The industry is applauding its findings that scores are effective predictors of claims, but others – including an FTC commissioner – have misgivings about its conclusions....
Iowa Regulators Looking Into LTC Sales, Claims Practices The Iowa Attorney General’s Office isn’t the only state agency taking an interest in long-term care insurance these days. The insurance department is also working with the attorney general on the long-term care insurance question....
SEC Removes Terrorism List From Web Site The SEC has responded to overwhelming criticism and taken down its list of companies with business interests in countries that have been designated State Sponsors of Terrorism....
Insurers, Attorneys In Referendum Fight Over Washington’s Treble Damages Claims Law Insurance companies and trial attorneys are drawing their respective lines in the sand and preparing to do battle over a law in Washington state that would permit an award of treble damages and court costs for any “unreasonable” denial of coverage or benefits....
