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May 6, 2013
Print Version of Articles in May 6 ICI
Print this file for text of articles in the current issue....
New York Fines Five Insurers for Producer, Nonrenewal, Rates & Forms Errors
$828,800 in fines were assessed for market misconduct....
Maryland Will Require Disclosures for Anti-Concurrent Causation Clauses
An annual notice will be required for all homeowner insurance policies issued, delivered or renewed in Maryland on or after Oct. 1....
Industry to NAIC: ‘Personal Auto Initiatives Should Benefit All Drivers, Not Just Those Who Earn Less’
“It is not clear that insurers could do anything beyond what they have always done, which is to offer quality products that consumers want at the lowest price possible," one trade association said....
California Appeals Court Sides with Commissioner in Mercury Insurance Dispute
Mercury Insurance had wanted to ask a court to intervene in an administrative process before the commissioner had an opportunity to act....
SEC Names New Enforcement Chief
Andrew Bowden is replacing Carlo di Florio, who is taking a new job at FINRA....
Insurance Regulations, Bulletins & Legislation – May 6, 2013
Our roundup of recent regulatory developments and legislation....