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Print Version of April 13, 2020 ICI
Print this file for text of articles in the current issue....
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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....
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New York Disciplines Three Life Companies for Replacement Violations
Lincoln Life & Annuity of NY, MassMutual and Pacific Life are being fined $934,000....
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Transamerica Settles $88 Million ‘Cost of Insurance’ Class Action
Plaintiffs alleged the carrier improperly used monthly fees to recoup past losses....
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States Continue Issuing Coronavirus Updates
Personal auto refunds and regulatory filing compliance were week’s top issues....
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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....
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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....
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AM Best Updates Insurance Market Segment Ratings
Health, personal lines, global reinsurance remain stable; life & annuities, commercial lines downgraded to negative....
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Insurance Regulations, Bulletins & Legislation – April 13, 2020
Our exclusive roundup of recent regulatory developments, legislation and other news of interest....
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