Search for: "National Association of Insurance Commissioners"
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16 Nov 2023, 12:00 am
The National Association of Insurance Commissioners tracks consumer complaints, and released a recent report that clearly shows that consumer complaints are distributed across a variety of insurance types. [read post]
2 Sep 2011, 10:40 am
Regulators said that, in their investigation, they followed guidelines and procedures adopted by the National Association of Insurance Commissioners Following the conclusion of the exam, a report was issued and Farmers Insurance submitted responses and rebuttals to it. [read post]
21 Dec 2007, 5:07 pm
From 2000 to 2005, the loss ratio (the amount of each insurance premium dollar that goes to pay claims) in New York fell from 78.3 percent to 48.4 percent of premiums, according to the National Association of Insurance Commissioners (NAIC). [read post]
18 Feb 2010, 12:01 pm
The Delaware legislature has signed into law H.B. 202 which is designed to provide increased consumer protection in the event of carrier insolvencies, with implications concerning structured settlement annuity plans to both payees and beneficiaries; and long term care.According to a write up in the current issue of National Underwriter, Delaware has at least 165 residents who have faced potential loss of coverage because of pending insurer liquidation proceedings, a statement… [read post]
9 May 2013, 2:26 pm
Gursten: Profits, not medical claims, drive up the cost of auto insurance in Michigan The crux of my article was that Michigan auto insurance companies collected more than $2 billion more in auto premiums in 2011 than they paid out in claims – and pocketed the difference, according to data provided to Michigan Auto Law by the National Association of Insurance Commissioners and the Michigan Office of Financial and Insurance… [read post]
15 Nov 2012, 9:29 am
A 2012 survey conducted by the National Association of Insurance Commissioners (NAIC) revealed that many motorists don't know what kind of information they're required to provide following a crash. [read post]
4 Nov 2009, 1:03 am
The removal of such language in discussion draft has drawn the ire of supporters of state-based insurance regulation who are concerned that the FIO may lead to a new federal insurance regulator.OutlookWhile the previous version enjoyed wide support from industry groups such as the National Association of Insurance Commissioners, testimony given before a recent House Financial Services Committee appears to indicate that the new draft has… [read post]
13 Nov 2008, 1:31 am
A former senior executive at the National Association of Insurance Commissioners (NAIC) aptly summarized why insurers engage in such bad faith tactics to deny valid claims, "[T]he bottom line is that insurance companies make money when they don't pay claims. . . [read post]
14 Apr 2020, 11:39 am
Indeed, the National Association of Insurance Commissioners, (“NAIC”), which is comprised of the insurance regulators of the 50 states and the District of Columbia, has urged Congress not to take action that would require insurers to cover COVID-19 business interruption claims where the policy excludes coverage for communicable diseases. [read post]
18 Apr 2013, 12:49 pm
Federal Trade Commissioner Julie Brill, in a speech Monday at the National Association of Attorneys General (NAAG) Presidential Initiative Summit, urged the states to take a more active role in investigating and holding accountable data brokers for violations of the Fair Credit Reporting Act (FCRA). [read post]
5 Aug 2020, 3:44 pm
Property and Casualty Insurance Texas: On August 4, the Texas Department of Insurance issued Commissioner’s Order No. 2018-5528, adopting the National Council on Compensation Insurance’s filing, “Item B-1441—Revisions to NCCI Manual Rules Related to the COVID-19 (Coronavirus) Pandemic. [read post]
15 Mar 2011, 10:40 am
Keynote Address Edith Ramirez, Commissioner, Federal Trade Commission Consumers have too much trouble understanding and managing their privacy options. [read post]
13 Jan 2014, 6:45 am
He noted that Texas had the third-highest rates in a new survey by the National Association of Insurance Commissioners last month. [read post]
30 Oct 2023, 11:00 pm
Advise clients on discount plan licensing and registration, marketing, reporting requirements, and the impact of the National Association of Insurance Commissioners (NAIC) Discount Medical Plan Organization Model Act on state regulation of discount plans. [read post]
21 Jul 2008, 2:55 pm
” The issue of using credit scores as an indicator of risk in rating personal lines insurance has become a hot topic amid fears from lawmakers and consumer advocates that such a metric may serve as a proxy for race, leading insurers to unfairly discriminate against minority groups in premium pricing.Florida Insurance Commissioner Kevin McCarty spoke on behalf of the National Association of Insurance… [read post]
7 Sep 2012, 10:27 am
The National Health Care Anti-Fraud Association (NHCAA) estimates that the financial losses due to health insurance fraud are in the tens of billions of dollars each year - nationwide. [read post]
9 Mar 2012, 9:55 am
Guidelines from the National Association of Insurance Commissioners instructs insurers that they should set their premiums so that 60% of them are paid out on claims. [read post]
9 Jan 2012, 5:56 am
These standards are based on the National Association of Insurance Commissioners (“NAIC”) Variable Life Insurance Policy Model Regulation and the NAIC Variable Annuity Model Regulation. [read post]
27 Mar 2009, 4:44 am
" The National Association of Insurance Commissioner issued a statement saying they were "encouraged" by Mr. [read post]
25 Apr 2011, 1:14 am
Most other jurisdictions and the National Association of Insurance Commissioners (“NAIC”) require minimum capital and surplus of $15,000,000 for surplus lines eligibility. [read post]
