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August 19, 2019
Print Version of Aug. 19 ICI
Print this file for text of articles in the current issue....
Mercury Loses Final Appeal in Case Involving California’s Largest Ever P&C Fine
The company improperly designated agents as brokers, and allowed them to charge fees that hadn’t been included in rate filings....
Insurer in Six-Figure Settlement for Narcotics Kingpin Violations
The case highlights the importance of obtaining a specific license before engaging in activity that isn’t otherwise authorized....
FinCEN Director Stresses Importance of Culture of Compliance
He was talking about casinos, but his comments could just as easily apply to insurance companies....
Washington Rejects Attempt by Body Shops to Change Auto Repair Rules
The suggestion was to have a standard to simply require that a vehicle be restored to its condition prior to the loss....
Insurance Regulations, Bulletins & Legislation – Aug. 19, 2019
Our exclusive roundup of recent regulatory developments, legislation and other news of interest....