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June 20, 2016
Print Version of June 20 ICI
Print this file for text of articles in the current issue....
Crop Insurance Enforcement Action Cites Misleading Policy Provisions, Improper Rebates, Other Miscues
An insurance agency was cited for selling a crop insurance product that didn’t pay for crop losses....
A New Kind of Insurance Fraud: False Claims for Legitimate Injuries
Fraud Fighters: Allow insurers to respond and adapt to sophisticated fraudulent practices....
Insurer Not Responsible in Ponzi Scheme Case, Despite Claims It Took Too Long to Rescind Policy
Lesson for insurers: Take the time you need to investigate, but be quick about it....
IAIS Updates Its G-SII Assessment Criteria
The changes provide some transparency and could help insurers avoid designation as G-SIIs....
Insurance Regulations, Bulletins & Legislation – June 20, 2016
Our exclusive roundup of recent regulatory developments and legislation....