Category: National News

  In a June 4, 2012 report entitled “Low Ball:  An Insider’s Look at How Insurers Can Manipulate Computer Systems to Broadly Underpay Injury Claims,” the Consumer Federation of America accuses insurers of manipulating computer-based claims assessments to increase profits …

  SB 385 was passed by the Georgia General Assembly and signed by the Governor.  SB 385 allows auto insurers to include a notice of policy cancellation in a bill to an insured who is paying on a monthly basis.  …

  On March 29, 2012, the Maryland Insurance Administration (“MIA”) announced a revised format for the annual Fraud Data Report required of insurers under Section 27-803 and COMAR 31.04.15.06.  The report must be filed with the MIA by March 31 …

  The State of Washington Office of the Insurance Commissioner filed proposed Rule 2011-30, entitled “Certificates of Insurance,” for permanent adoption on April 16, 2012, with an effective date of May 17, 2012.  This new Rule is intended to prevent …

  Nebraska Department of Insurance (“NDOI”) Director Bruce R. Ramge advised all sickness and accident insurance carriers that the Medical Information Bureau has issued a requirement for its member companies to amend their authorization forms to add the following new …

  New York Department of Financial Services (“Department”) Superintendent Benjamin Lawsky has issued Insurance Regulation 187, an emergency measure dealing with Suitability in Annuity Transactions.  The measure adds Part 224 of Title 11 of the Official Compilation of the State …

The National Association of Insurance Commissioners (“NAIC”) recently held its Spring 2012 National Meeting in New Orleans, Louisiana. On the final day of the event, which took place from March 3 through March 6, the NAIC’s Executive Committee and Plenary …

  The Federal Advisory Committee on Insurance (“FACI”) is scheduled to hold its first meeting in Washington D.C. on March 30, 2012 at 1:00 p.m. in the Cash Room of the U.S. Treasury.  To view the meeting notice, click here. …

  Illinois Department of Insurance (“Department”) Director Andrew Boron announced on March 15, 2012 that all new and renewal producer/business entity applications submitted to the Department will be processed electronically starting August 1, 2012.  Mail applications postmarked after August 1, …

  The Office of Washington Insurance Commissioner Mike Kreidler has announced the adoption of two new annuity-related Rules based on the National Association of Insurance Commissioners Model Act.  The new Rules, summarized below, may affect how insurers do business in …