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NAIC Investigates Increasing the Risk Based Capital Requirement by 50 Percent
At the 2003 fall meeting of the NAIC, the NAIC's Risk-Based Capital Task Force announced that it was considering whether to raise the Risk Based...
NAIC Investigates Licensing of Claims Adjusters
During the fall meeting of the NAIC in Chicago September 13-16, 2003, an NAIC subgroup met to consider drafting a model law which would require...
House Passes FCRA Reauthorization, Shelby Files Senate Bill
On Wednesday September 10, the House of Representatives passed H.R. 2622, the Fair and Accurate Credit Transactions Act, by a vote of 392-30. The...
NAIC, NCSL, NCOIL Reaffirm State Regulation
The National Association of Insurance Commissioners (NAIC) and two national organizations of state legislators, the National Conference of State Legislatures (NCSL) and the National Conference...
Conning Says Car Owners Subsidizing Premiums for Light Truck and SUV Owners
Light trucks and SUVs generate the highest profits for automakers, but are fast becoming one of auto insurers' biggest risks, according to a new study...
Major Insurers Sue Osama bin Laden Over 9/11 Attacks
On the eve of the second anniversary of the Sept. 11 attacks, five major insurance companies sued Osama bin Laden, al-Qaida, dozens of other terrorist...
Mid Atlantic Girds for Hurricane Isabel
As of now, it looks like dangerous Hurricane Isabel may make landfall somewhere along the East Coast of the United States. While meteorologists acknowledge that...
Allstate Insurance Company, Telemarketer Pay $23,000 to Resolve "Do Not Call" Complaints in Pennsylvania
Pennsylvania Attorney General Mike Fisher today announced that his Bureau of Consumer Protection has filed a legal action against Illinois-based Allstate Insurance Company and its...
NCOIL to Hold Market Conduct Hearings September 12 in Chicago
A subcommittee of the National Conference of Insurance Legislators (NCOIL) will hold a hearing on Market Conduct in Chicago on September 12, the day before...
PIA's Federal Affairs Committee Identifies Priority Issues
The PIA National Federal Affairs Committee met on September 6, 2003 in Milwaukee and identified priority issues for PIA for the remainder of the year....