Category: National News
Mar 14, 2013
In their latest effort to resolve a long-running dispute between the lender and property/casualty industries over the forms that lenders use to verify insurance coverage, legislators at the recently concluded National Conference of Insurance Legislators (“NCOIL”) Spring Meeting urged …
Mar 13, 2013
Above: Federal Insurance Office Director Michael McRaith At a meeting of the Federal Advisory Committee on Insurance today, March 13, 2013, Federal Insurance Office Director Michael McRaith advised that publication of a long-overdue statutory report on recommendations for …
Mar 8, 2013
The Surplus Lines Requirements Subgroup (“Subgroup”) of the National Association of Insurance Commissioners (“NAIC”) Surplus Lines Task Force held a March 7, 2013 teleconference during which it was resolved that NAIC staff members would research the feasibility of creating …
Mar 6, 2013
Negotiated rate increase less than half of insurance companies’ request North Carolina Insurance Commissioner Wayne Goodwin signed a settlement agreement with homeowners insurance companies yesterday, March 5, 2013, in which he allowed an overall statewide average rate increase of …
Mar 5, 2013
The National Association of Insurance Commissioners (“NAIC”) has initiated the model law development process for its Creditor-Placed Insurance Model Act (#375) for possible reclassification as a “guideline.” As it currently exists, the Creditor-Placed Insurance Model Act (“Model”) creates a …
Mar 5, 2013
The Surplus Lines Requirements Subgroup of the National Association of Insurance Commissioners’ (“NAIC”) Surplus Lines Task Force is scheduled to meet via teleconference on March 7, 2013, to discuss draft suggestions for promoting improved regulatory uniformity with regard to …
Mar 4, 2013
In Bulletin 2013-13 issued today, March 4, 2013, the Excess Lines Association of New York (“ELANY”) advised that the New York Department of Financial Services (“DFS”) moratorium on cancellations and nonrenewals for ZIP codes in certain designated counties affected …
Mar 4, 2013
Florida Insurance Commissioner Kevin McCarty to Represent NAIC at International Association of Insurance Supervisors During a brief joint meeting of the National Association of Insurance Commissioners (“NAIC”) Executive Committee and Plenary (“Committee”) on March 1, 2013, members unanimously and …
Mar 1, 2013
Florida Insurance Commissioner Kevin McCarty will represent the National Association of Insurance Commissioners (“NAIC”) on the International Association of Insurance Supervisors (“IAIS”) Executive Committee, along with Connecticut Insurance Commissioner Thomas Leonardi. The decision by the NAIC Executive Committee and …
Feb 28, 2013
The latest edition of the National Conference of Insurance Legislators (“NCOIL”) newsletter, “NCOILetter,” is now available. The newsletter is attached in PDF format and can also be viewed by clicking here. Articles in this issue include: NCOIL to Highlight Controversial Principles-Based Reserving at …