Category: National Insurance Regulation News and Updates

  Public comments are due to the Texas Department of Insurance (“DOI”) by September 3, 2014 on proposed Rules pertaining to the Texas Windstorm Insurance Association’s (“TWIA”) claim-filing deadline. The DOI proposes to amend 28 TAC §5.4200, “Definitions,” and add …

  In Bulletin 2014-02 issued today, June 11, 2014, Alabama Insurance Commissioner Jim Ridling advised all authorized property and casualty insurers that revisions enacted this year to Alabama Code Section 27-1-24-1 become effective on July 1, 2014.  As amended, the …

  The Washington State Office of the Insurance Commissioner (“WOIC”) held a hearing this morning, June 10, 2014, on proposed Rules that would permit a licensed insurance producer to share commissions, service fees or other valuable consideration with an unlicensed …

  Following is an update on recent activities of the Texas Windstorm Insurance Association:   TWIA Board Votes to Authorize Clearinghouse Similar to Florida At its May 21, 2014 meeting, the Texas Windstorm Insurance Association (“TWIA”) Board of Directors (“Board”) …

  In a notice issued today, June 9, 2014, the Texas Division of Workers’ Compensation (“Division”) advised that a public hearing has been scheduled for Monday, June 16, 2014 on the issue of attorneys’ fees in workers’ compensation cases. The …

From the California Department of Insurance . . . Dancing hamster arrested on insurance fraud charges LOS ANGELES, Calif. – Leroy Barnes, 27, of Los Angeles, known as one of the dancing hamsters in Kia commercials, was arrested on insurance fraud charges …

  A bill that would relax laws governing captive insurance companies doing business in South Carolina and allow the formation of incorporated cells passed the South Carolina General Assembly on May 28, 2014.  The legislation, Senate Bill 909, will now …

  Inherent conflicts within insurance intermediaries are not being properly managed, a recent “Thematic Review” by the United Kingdom’s (“UK”) Financial Conduct Authority (“FCA”) has found.  The FCA is the UK’s primary financial services industry regulator. Entitled “Commercial intermediaries – …

The U.S. Government Accountability Office (“GAO”) released report GAO-14-512 today, May 28, 2014, entitled “Emergency Transportation Relief:  Agencies Could Improve Collaboration Begun During Hurricane Sandy Response.”  Below is the GAO’s summary of the findings. To access the complete 46-page report …

    Missouri regulators have provided annual report since 1870 Jefferson City, Mo. – The Missouri Department of Insurance, Financial Institutions and Professional Registration (“DIFP”) recently released its 2013 Annual Report, which is available online, is fully interactive, offering links, …