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June 22, 2009
Print Version of All Articles in June 22 ICI
Print out this file for all of the text in the current issue....
Best Practice Tip: Clear Language Can Limit Arbitration Awards
Your company could have to pay the other party’s legal fees in a arbitration case if you act in bad faith....
Federal Financial Services Overhaul Won’t Replace State Insurance Regulation
The Obama administration’s plan for overhauling financial services regulation calls for establishing a federal office of insurance information, but will apparently leave state-based insurance regulation in place....
Kanjorski Renews Call for Federal Insurance Office, Regulator
The chaiman of a key congressional subcommittee has called for a federal insurance resource center and a basic federal insurance regulatory structure....
FinCEN Extends Information Sharing Safe Harbor Protection
The Financial Crimes Enforcement Network issued guidance last week that extend safe harbor protections to activities may involve possible terrorist activity or money laundering.
State AGs Seek Closer Inspection of AIG’s Executive Bonuses
The attorneys general in 11 states are asking the federal government to take a closer look at the $165 million in bonuses that AIG paid to some of its executives last year....
Deputy Replaces Atterholt as Indiana Commissioner
Carol Cutter is the new Indiana insurance commissioner....
Rules, Regs & Bulletins June 22
A summary of recent regulatory developments and legislation....