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June 5, 2017
Notice to Readers – June 12, 2017
In keeping with our publishing schedule, the next issue of Insurance Compliance Insight will be available June 19....
Print Version of June 5 ICI
Print this file for text of articles in the current issue....
California Court: Pay to Rebuild Damaged Home, Even If It Costs More Than the Home Is Worth
A significant element came into play when the terms of the policy conflicted with state regulations – and suddenly, how the parties defined partial loss and total loss became much more significant....
New York Moves to Maintain Access to Healthcare; Plans to Punish Insurers That Withdraw From State Health Marketplace
Insurers who leave the state’s health marketplace will be banned from participating in any other state programs....
Industry Urges a Veto of Illinois Workers’ Comp Bill
Trades says the legislation focuses too much on reviewing rates and too little on fixing problems in the current system....
AML Deficiencies Lead to $41 Million Fine
Chalk up the severity of the penalty as yet another reminder that regulators continue to take anti-money laundering seriously....
Predictions Foresee ‘Above Average’ Hurricane Season
You can expect, depending on the prognosticator, 10 to 17 named storms, of which five to nine will be hurricanes and two to four will be major hurricanes....
Insurance Regulations, Bulletins & Legislation – June 5, 2017
Our exclusive roundup of recent regulatory developments and legislation....