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September 17, 2012
Print Version of Articles in Sept. 17 ICI
Print out this file for text of articles in the current issue....
NAIC Adopts ORSA Model Act, Actuarial Standard
Each would have to be adopted by individual states before they become effective, but industry experts are saying insurers shouldn’t wait until then to start using the ORSA process to improve their risk management capabilities....
Missouri Fines Zenith for Premium Overcharges Found in Market Conduct Exam
The company countered that many of its write-ups had little or no impact on policyholders....
UPDATE: Texas Insurance Department May Join in State Farm Lloyds Hurricane Ike Claims Investigation
“The district attorney may have information that was not provided or available to TDI previously ... [and] TDI is carefully considering its options for further regulatory action in this matter,” the commissioner said....
Fewer Complaints Made About Absence of Good Faith in Maryland
There were just 20 such complaints filed in FY 2012, compared with 52 four years ago....
Industry Execs Urge Congress to Continue TRIA
The program requires reauthorization and is set to expire at the end of 2014....
Insurance Regulations, Bulletins & Legislation – Sept. 17, 2012
Our roundup of recent regulatory developments and legislation....