Best Practices: Evaluating the Effectiveness of Hotlines A new report provides statistics that insurance companies can use to evaluate the effectiveness of hotlines that employees use to report fraud, the misuse of assets and company data and other issues....
Compliance professionals and insurance regulators will focus on market analysis and how to improve their working relationships during this year’s National Insurance School on Market Regulation....
ING Reorganization Adds Employee Benefits, Reinsurance to Compliance Responsibilities ING U.S. Financial Services has split its business operations into two groups – one that that will focus on insurance and risk, and another the will handle retirement and financial planning. The new insurance division chief compliance officer is anticipating greater efficiencies and sharing of knowledge....
Using Dedicated SIU Lawyers Is Paying Off For Liberty Mutual Does it make sense for an insurance company to have in-house counsel devoted exclusively to supporting the anti-fraud efforts of the Special Investigations Unit? It does at Liberty Mutual....
Compromise on Credit Scores Sought As Delaware Lawmakers Take Up Insurance Bills Insurers still have a strong fight on their hands in Delaware, despite recent action by the state Senate. Lawmakers are considering an alternative to a credit score bill that would ban the use of consumer credit information for underwriting, setting rates or making adverse underwriting decisions....
Trade Groups Appeal Levee Flood Ruling The four major property/casualty trade associations have filed a legal brief arguing that a federal judge in Louisiana erred last year. The judge had ruled that flood exclusions in homeowner policies don’t apply if water damage was caused by levee breaches around New Orleans....
