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Best Practice: Labor Rates for Auto Repairs
Use these best practices from Connecticut regulators to justify the labor rates your carrier uses for vehicle body repairs....
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Two States Order Allstate, State Farm to Reinstate Coverage, Reopen ‘Slab’ Claims
It appears that the post-Katrina market conduct of two insurers isn’t going so well after all. Louisiana has told Allstate to reinstate coverage for several thousand policyholders and Mississippi ordered State Farm to reopen all of its claims relating to homes that were leveled to their foundation by the storm....
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Florida Insurers Face March 15 Deadline to Make ‘Presumed Factor’ Rate Filings
Insurers selling property/casualty insurance in Florida have until March 15 to make sure they have correctly considered the impact of the state’s new “presumed factors” in their pricing. That’s when the first of two rate filings is due to the Office of Insurance Regulation....
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Examiners Find Some Insurers Are Improperly Asking About Travel
Florida examiners are looking at 8,500 life insurance policy applications to see if insurers are unlawfully declining coverage because of the applicant’s travel plans....
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Senators Say Insurers’ Post-Katrina Behavior Makes Industry Ripe for Antitrust Repeal
Insurers discovered quickly last week that Congress is fed up with their post-Katrina market conduct behavior, is serious about taking a hard look at their antitrust exemption, and may perhaps try to take it away for good....
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Insurers Urge House, Senate to Extend TRIA; Frank Wants to Add Group Life
Congress has held two public hearings this month about the need to have a public-private partnership to insure against terrorism – and the chairman of the House Financial Services Committee said later he wants to include group life insurance and acts of domestioc terrorism in the program....
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NAIC Spring Meeting Will Tackle CAT Funds, Adjuster Licensing, Life Sales to the Military
A proposed multistate catastrophe fund and stranger-owned life insurance are among the topics of interest to compliance professionals at the spring 2007 National Association of Insurance Commissioners meeting....
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Rules, Regs & Bulletins March 12, 2007
A summary of recent regulatory developments and legislation....
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