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April 13, 2020
 
Print Version of April 13, 2020 ICI
Print this file for text of articles in the current issue....
 
New York Fines Athene Annuity Parent $45 Million for Risk Transfer Violations
The state said Athene Holdings used an unlicensed subsidiary to solicit and conduct business....
 
New York Disciplines Three Life Companies for Replacement Violations
Lincoln Life & Annuity of NY, MassMutual and Pacific Life are being fined $934,000....
 
Transamerica Settles $88 Million ‘Cost of Insurance’ Class Action
Plaintiffs alleged the carrier improperly used monthly fees to recoup past losses....
 
States Continue Issuing Coronavirus Updates
Personal auto refunds and regulatory filing compliance were week’s top issues....
 
California Is First State to Order Insurance Premium Refunds
Bulletin applies to six property & casualty lines, and any other insurance line where the risk of loss has fallen substantially....
 
Industry Gets Middling Grade on Auto Insurance Refund Scorecard
Auto insurers are providing $10.5 billion in refunds, but get only an overall “C or C+” grade from consumers....
 
AM Best Updates Insurance Market Segment Ratings
Health, personal lines, global reinsurance remain stable; life & annuities, commercial lines downgraded to negative....
 
Insurance Regulations, Bulletins & Legislation – April 13, 2020
Our exclusive roundup of recent regulatory developments, legislation and other news of interest....