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October 27, 2008
 
Print Version of All Articles in Oct. 27 ICI
Print out this file for all of the text in the current issue....
 
Best Practice Tip: Look for the CAPA Label
Third-party makers of aftermarket vehicle parts are asking you to look for their label as a way of keeping a lid on fraud and claim costs.
 
AIG Halts Payments to Former Execs; Other Insurers May Be Weighing Bailout Options
American International Group is having to do more to comply with terms of its federal bailout – and it may have company soon as other insurers consider accepting money, too....
 
Two Carriers Will Change Suitability Review Procedures, Forms to Comply with $250 Million Settlement
Two life insurance companies have settled a lawsuit alleging that they sold unsuitable long-term deferred annuities to Minnesota senior citizens. It will cost up to $250 million and force them to change their suitability review procedures....
 
Consumer Advocate Calls for Credit Score Moratorium; Insurers Say There’s No Reason for That
A leading consumer group is asking insurance commissioners to place an immediate moratorium on the use of credit-based insurance scores for personal lines insurance. Not surprising, the industry doesn’t think much of the idea....
 
Lawyer Group Seeks Federal Attorney-Client Policy
The American Bar Association is asking the two presidential candidates to agree to adopt a policy that would prohibit federal agencies from seeking a waiver of the attorney-client privilege....
 
Newest Report Shows SARs Uncovered Medical Claims Fraud

The latest issue of The SAR Activity Review provides a reminder that maintaining your vigilance for suspected money laundering and other suspicious financial activities can have a tangible payoff -- catching the bad guys....

 
Look to ICI’s Compliance Salary Survey for Financial Information
The latest job news from Washington isn’t good, but the annual compliance salary survey will help you deal with it....
 
Rules, Regs & Bulletins Oct. 27, 2008
A summary of recent regulatory developments and legislation....
 


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