Allianz Life Paying $10 Million to End California Exam Into Unsuitable Sales Allianz Life has agreed to pay $10 million and put new compliance procedures in place to settle allegations in California that it was deceptive when it sold confusing and financially unsuitable annuities to thousands of seniors....
Cigna Is First Target of Referendum 67 Lawsuit in Washington It hasn’t taken long for someone to try to claim treble damages under Referendum 67, the insurance reform measure that went into effect last year in Washington state. The first lawsuit was filed recently....
AIA, NAIC Debate Pros, Cons of Optional Federal Charters What started out as a simple editorial extolling the virtues of state insurance regulation has escalated into a war of words between Kansas insurance commissioner Sandy Praeger and the American Insurance Association....
