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June 11, 2007
 
Best Practice: Effective Privacy Notices
A leading privacy think tank is advising companies to develop multilayered privacy notices, but a prominent industry privacy expert is telling insurance companies it’s a bad idea and that there are better things they can do to communicate more effectively...
 
ICI Opens New Salary Survey for SIU Professionals
The widely acknowledged Insurance Compliance Insight salary survey is back – but this time we’re looking at pay for those who manage the special investigation units....
 
Supreme Court Upholds Use of Credit Scores
The June 4 Supreme Court ruling about insurers’ use of credit scores exonerated the business practices of two insurers, but just about every carrier that uses credit scoring stands to benefit....
 
P/C Insurers Will Use Supreme Court Ruling to Reduce Number of Adverse Action Notices
Property/casualty insurers are telling ICI that last week’s Supreme Court decision about their use of credit information will allow them to streamline their compliance and business procedures and send out fewer notices....
 
Encryption, Examiner Contract Can Help Insurers Address Security of Sensitive Company Data
Complying with a state’s exam request for personal information about policyholders could get a company in hot water. But regulators and a company attorney say there are ways to protect an insurer's interests....
 
Easier Licensing, Filing On the Horizon, Commissioners Say
Insurance commissoners promised at the NAIC summer meeting last week that it will soon be easier for insurers to make multistate product filings and for producers to complete the licensing process....
 
Straw Poll Shows Support for Optional Charters
A straw poll taken at a Standard & Poor’s insurance conference shows significant support for optional federal charters....
 
Life & Health Policy Provisions, Marketing Materials, Complaints Lead List of Concerns of Virginia Market Conduct Examiners

For life and health insurance companies operating in Virginia, it’s the details – and compliance with them – that interest regulators. The advice is similar to that from another state regulator who monitors property/casualty insurance who also told insurers to watch the fine print....

 
Federal Appeals Court Promises Swift Action on Louisiana Levee Flooding Litigation

Insurers won’t have to wait long to know if they may be liable for $1 billion in potential claims for damage from the failure of levees after Hurricane Katrina. A federal appeals court judge has promised quick action....

 
Rules, Regs & Bulletins June 11, 2007
A summary of recent regulatory developments and legislation....
 


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(518) 512-0175