Allstate Wins Temporary Reprieve from Florida’s Order to Suspend Its Insurance License ... It looks like Allstate is going to be able to sell insurance in Florida after all ... at least for now. That decision, made by a state district court judge, was the culmination of a tumultuous week that saw the Office of Insurance Regulation try to suspend Allstate’s authority to sell insurance....
... As Florida Senate Names Five Companies for February Hearing Testimony ... The Florida Senate’s Select Committee on Property Insurance Accountability has selected the five insurance companies invited to its February hearings about property insurance rates. But first, it will have Robert Hunter to set the tone in testimony this week....
Alabama insurance commissioner Walter Bell told a property insurance symposium earlier this month that Florida’s approach to market regulation “is the quickest way to disaster....”
The Insurance Marketplace Standards Association will hold two Web-based presentations this week to promote its new clearinghouse for suitability certifications. It is intended to help life insurance companies obtain certifications that their third-party distributors are supervising the suitability of annuity sales....
Humana Must Pay $500,000 Fine, Improve Producer Licensing Procedures Humana will pay a $500,000 fine to Illinois and tighten its compliance procedures to settle a market conduct exam based on complaints about enrolling consumers into Medicare Part D and Medicare Advantage Plans....
