Michigan’s insurance consumer advocate is charging that drivers are paying a high cost for years of state deregulation of insurance and record insurance company profits. Gov. Jennifer Granholm has threatened penalties for any insurance carriers that do not go along …
The insurance industry is not taking the recent attacks by Michigan Gov. Jennifer Granholm and the state consumer advocate lightly. Insurance trade groups have come out swinging against Granholm’s call for a freeze on auto insurance rates until lawmakers can …
Property/casualty insuerrs are urging North Dakota lawmakers to defeat a bill that would preclude their use of credit scoring in calculating insurance premiums. The North Dakota Senate Industry, Business & Labor Committee was scheduled to consider the bill, SB 2330, …
The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during November include five license revocations and fines and restitution totaling $180,029. An order imposing disciplinary measures becomes final 20 days after the agent …
West California Passed Agent-Broker Law The most notable bill affecting California agents was AB 2956, which clarifies the duties of an insurance agent versus a broker. Prior to the new law, confusion existed within the industry, with consumers, brokers, agents, …
Idaho Department of Insurance Director Bill Deal is urging insurers to carefully review their use of credit related information in rating insurance policies. “In this difficult economy, the finances of many Idahoans are being affected through no fault of their …
Burnes Rules Out Permitting Insurers to Use Credit Scores; Goes Slow on Property Market Issues Massachusetts Insurance Commissioner Nonnie Burnes has presided over the biggest shakeup in the Massachusetts’ personal auto insurance market in generations. Over the last year, she’s …
As problems began unfolding at American International Group last month, Pennsylvania Insurance Commissioner Joel Ario was tapped to be the vice chairman of a special task force of the National Association of Insurance Commissioners to oversee possible sales of the …
Atlanat-based IVOX, a driver risk management firm, announced an alliance with Insurance Services Offices Inc., a leading source of information about risk, data, analytics and decision-support services. The alliance will help IVOX further its mission of assessing and managing risk …
Insurance industry parties today filed an appeal to the state Supreme Court in response to an August ruling by the Michigan Court of Appeals that would prohibit the use of credit-based insurance scoring. The August ruling would reverse a lower …
