Latest Department of Insurance Headlines
All the headlines from our Department of Insurance Topic Page, ordered by recency.
Calif. Commissioner Sends Warning to State Fund
Jun 7 2002 // In an unprecedented move, California Insurance Commissioner Harry Low has disclosed a letter to the public that he sent to the president of the California State Compensation Insurance Fund. The letter, dated May 29, and...
Missouri’s Lakin to Moderate Kansas City Roundtable
May 22 2002 // The Missouri Department of Insurance announced that its director, Scott B. Lakin, will hosed a public roundtable discussion on key issues facing consumers and regulators in Kansas City on May 23. Five state insurance...
NAII Says Amendments to Calif. Regulations Makes Claims Handling More Difficult, Expensive for Insur
May 9 2002 // Proposed amendments to California’s fair claims settlements practices regulations exceed the Department of Insurance’s authority and would prevent insurers from settling claims in a prompt, efficient, and fair...
Is the Texas Personal Auto Market Another Homeowners in the Making’
Apr 29 2002 // The personal automobile insurance market in Texas may not be approaching the crisis level at which the homeowners market currently finds itself, but signs indicate that it may be in for a rough ride. According to the Texas...
Ohio Insurance Director Files to Intervene in New Mexico Lawsuit
Feb 25 2002 // Ohio Insurance Director Lee Covington filed a petition to intervene in a New Mexico lawsuit that, according to the Ohio Department of Insurance, could impose another state’s insurance laws and increased costs on Ohio...
Ohio One of First States to Eliminate Paper Filings for Insurers
Feb 14 2002 // Ohio Department of Insurance Director Lee Covington announced that Ohio is among the first states to no longer require insurance companies to make paper financial statement filings to the Department of Insurance. The...
Ohio Insurance Director Revokes Agent’s License
Feb 13 2002 // Ohio Department of Insurance Director Lee Covington revoked the insurance license of George J. Fiorini II of Cincinnati and the Fiorini Agency. Covington took the action after finding that Fiorini had allegedly committed...
Insurance Commissioner Candidate Umberg Answers Patriotic Call to Duty
Jan 14 2002 // As important as being named the next Insurance Commissioner of California is to Tom Umberg, the obligation he felt to serve his country in the wake of Sept. 11 was greater. Umberg, a Colonel in the U.S. Army Reserves,...
Ohio Department of Insurance Hosting Fraud Seminar
Jan 11 2002 // Ohio’s Department of Insurance will host the 2002 Insurance Fraud Seminar on Wednesday, March 6. The seminar will feature presentations by several fraud enforcement experts on topics such as “Crimes Against...
Calif. Won’t Adopt Terror Exclusions
Jan 8 2002 // According to a Jan. 7 Los Angeles Times article, California has refused to allow insurers to adopt terrorism exclusion language, a move which has already been by approximately 20 other states in the wake of Sept. 11. The...
Balking on Refund Plan for Overcharges, Farmers Says it’s Negotiating
Dec 17 2001 // Farmers Insurance Group, the third-largest auto insurer in Texas, has yet to agree to refund an estimated $8 to $10 million to policyholders it admitted overcharging, stating instead that it is continuing to negotiate a...
Ohio Department Issues Order Against Agent
Nov 6 2001 // The Ohio Department of Insurance issued a Cease and Desist order and a Notice of Hearing to William T. Snapp, of Milford (Clermont County), ordering the agent to stop engaging in the business of insurance by soliciting and...
Ohio Director Sues Chicago-Based Company
Nov 5 2001 // Ohio Director of Insurance Lee Covington, acting in his capacity as liquidator of property and casualty insurer Credit General Insurance Company, sued Chicago-based Grant Thornton LLP, certified public accounts and auditor...
Ohio Department of Insurance Orders 23 P/C Companies to Pay Up
Oct 18 2001 // The Ohio Department of Insurance ordered 23 property and casualty companies to pay money owed to insurance customers and submit corrective actions plans after market conduct examinations revealed that the companies were...
Ohio Order Against Agent Reinstated
Oct 8 2001 // The Seventh District Court of Appeals has reinstated Ohio Department of Insurance Director Lee Covington’s order revoking the license of John Sprankle of New Springfield, to sell insurance in Ohio. The reinstatement...
Ohio Director Reminds of New Licensing Requirements
Sep 27 2001 // Ohio Department of Insurance Director Lee Covington issued a reminder Sept. 20 to current property and casualty license holders that beginning Oct. 9, they will no longer be authorized to solicit or sell surety bail bonds...
Ohio Director Reminds Agents of New Licensing Requirements
Sep 25 2001 // Ohio Department of Insurance Director Lee Covington issued a reminder Sept. 20 to current property and casualty license holders that beginning Oct. 9, they will no longer be authorized to solicit or sell surety bail bonds...
Low Will Not Seek Election as Calif. Insurance Commissioner in 2002
Sep 21 2001 // On Sept. 20, California Insurance Commissioner Harry W. Low released the following announcement: “When I took office as California Insurance Commissioner last September, I made a commitment to myself and to the...
Politics Can Lead to Bumps in the Road for Auto Insurance
Aug 27 2001 // Overregulation in the auto insurance industry may be an accident that has already happened in some states; but regulators can look to other states as examples of how regulatory requirements can be uniform and yet flexible...
Calderon Announces Candidacy for California Insurance Commissioner
Jul 16 2001 // Thomas M. Calderon, the chair of the Assembly Committee on Insurance, announced his candidacy for California Insurance Commissioner. Calderon’s press office said he has distinguished himself as a reformer of the...
