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October 22, 2012
Print Version of Articles in Oct. 22 ICI
Print out this file for text of articles in the current issue....
Play It Again, Sam: Trade Groups Say, ‘Don’t Lump Insurers, Banks Together When Designating Systemically Important Institutions’
The measures for global systemically important insurers are based on the more bank-centric SIFI framework of the Financial Stability Board – and insurers say that's a aproblem....
ACIC Says Proposed California Regulation Would Invite Unnecessary Litigation, Could Compromise Trade Secrets
The proposed rule would address what happens when regulators approve a rate filing that includes an unlawful practice, but insurers are saying a recent hearing already does that....
AIG Is Latest to Sign Unclaimed Property Settlement
This is the fourth national agreement concluded through an NAIC task force that was formed to look into life insurer business practices, and more are expected as that inquiry progresses....
Lender-Placed Property Insurance Rates Headed Down in California
The 30.5-percent rate reduction is the result of California ordering insurers to file new, lower, rates earlier this year....
Doctors Oppose AHIP’s Attempt to Overturn Georgia Prompt Pay Law
At issue is a state law extending prompt pay requirements to self-funded employer health insurance plans, and insurers say that violates federal ERISA rules, which prohibit states from regulating those health insurance plans....
Insurance Regulations, Bulletins & Legislation – Oct. 22, 2012
Our roundup of recent regulatory developments and legislation....