It’s hard to believe that the men and women that make up the combined might of the United States Armed Forces need to be protected from unscrupulous sales practices. But it makes sense, in a way. After all, the agents and producers who would stoo ...

The NAIC has been under fire lately for acting like a Star Chamber of sorts.  A recent A.M. Best article (see link below) claims that the industry is pointing it's collective finger at the NAIC for devolving into a "secretive cabal out to hoard ...

California Insurance Commissioner Steve Poizner on July 8 adopted a chief administrative law judge's July 3 order approving a 28.5 percent rate decrease for Allstate Insurance Co. and Allstate Indemnity Co.'s  homeowners multiple-peril line o ...

In a recent Emerging Issues Commentary*, Lawrence Mirel of Wiley Rein, a former Insurance Commissioner for the District of Columbia and former Member of the NAIC, discussed the limits of the authority of the National Association of Insurance Commission ...

Life Product Clearing took one square on the jaw last week when United States District Judge Denny Chin denied its motion for judgment on the pleadings in Continue reading >>

Minnesota Attorney General Lori Swanson is back in the saddle again, and this time she’s going after Midland National Life Insurance Company. The lawsuit recently filed in Hennepin County District Court marks the third time in 2007 that Swanson h ...

New York State regulators have drawn their bead on the head of one Hank Greenberg, the former Chief Executive of American International Group, Inc. Greenberg (and a group of Greenberg-controlled entities) is accused of attempting to "possess contr ...

My LexisNexis Insurance Compliance colleagues conducted a peer poll at the Association of Insurance Compliance Professionals’ annual meeting in Portland, Oregon last month. Their mission was to ferret out the issues that are having the most signi ...

In the wake of a press conference where Florida Gov. Charlie Crist called the insurance industry “greedy” and “tenacious,” and claimed that the state has “significant reason to believe that some insurance companies are vio ...

Washington voters on Nov. 6 approved Referendum 67--a measure that allows successful plaintiffs in insurance bad faith cases to receive treble damages.

I heard Kentucky Insurance Commissioner Julie McPeak’s Forum 500 address at the American Council of Life Insurers’ annual meeting in Washington, D.C. this week. Commissioner McPeak also chairs the Life Insurance & Annuities Committee of ...

NEW YORK -  The New York Liquidation Bureau is not a state agency and therefore not subject to audit by the state comptroller, New York’s highest court unanimously ruled on Oct. 11.

The National Association of Insurance Commissioners is promoting a new process called market analysis that is completely changing the way regulators monitor market conduct.

Insurance Commissioner Nonnie S. Burnes’ efforts to revamp the private passenger automobile insurance market in Massachusetts extends far beyond matters relating to auto appraisals and the safety and cost issues associated with after-market parts ...

Battle lines have been drawn in Washington between insurers and the plaintiffs’ bar as both sides square off over the Insurance Fair Conduct Act, which Governor Chris Gregoire signed into law on May 15. The legislation seeks to make a number of c ...