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July 17, 2017
Print Version of July 17 ICI
Print this file for text of articles in the current issue....
New York Asks How Life Insurers Are Using Consumer Data, Algorithms in Underwriting
New York is the first state to directly examine life insurers’ use of algorithms tapping into external consumer data for underwriting, but it may not be the last. The NAIC is also looking into the use of black boxes....
U.S. Will Sign Insurance-Reinsurance Covered Agreement
Major trade associations applaud the agreement which eliminates collateral and local presence requirements for qualified reinsurers and meaningfully streamlines group supervision requirements....
Missouri Tort Reform Law Opens Options for Insurers
Insurers should have a better opportunity to settle claims before they become lawsuits....
Insurance Commissioner Changes Ahead in Colorado, Georgia
Marguerite Salazar is taking a step up while Ralph Hudgens will be stepping out....
Wisconsin: Pay On Life Insurance Policy Even Though Claimant Lacked Insurable Interest
The court relied on the intent of the legislature which determined that the best way to deter insurance companies from issuing policies without an insurable interest was to put the onus on the insurance companies to investigate before issuing the policy....
Another Consumer Study Finds Those With Low Credit Scores Pay More for Insurance
People with no credit pay two-thirds more for car insurance than people with excellent credit, and drivers with no credit pay at least twice as much in some states....
Insurance Regulations, Bulletins & Legislation – July 17, 2017
Our exclusive roundup of recent regulatory developments and legislation....
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