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September 10, 2012
Print Version of Articles in Sept. 10 ICI
Print out this file for text of articles in the current issue....
Allianz Pays $10 Million to Settle Multistate Charges It Made Improper Annuity Sales
The settlement is the result of a 44-state market conduct exam that focused on the sale by Allianz and its agents of “two-tier” fixed annuities, some of which were equity indexed annuities....
White Paper: Insurers Not Taking Full Advantage of Anti-Fraud Technology
The conclusion comes in a new white paper issued Sept. 10 by the Coalition Against Insurance Fraud....
Texas Prosecutors Said to be Reviewing State Farm Lloyds Hurricane Claims
Details are sketchy, but it is believed that interest is centered on State Farm Lloyds’ purported denials of claims for roof damage....
Texas Fines Bankers Life for Securities Violations
The carrier and an affiliate had been charged with operating as unregistered securities dealers and investment advisors in the state....
Insurance Regulations, Bulletins & Legislation – Sept. 10, 2012
Our roundup of recent regulatory developments and legislation....