Archive: Property & Casualty
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Jan 30, 2012
No Comments10 New P&C Underwriting Commandments
As we get ready for 2012 legislative sessions, property and casualty compliance professionals must ensure that policy underwriting guidelines are up to date or risk the wrath of regulators. As always, there was significant legislative activity governing adverse actions in 2011: cancellation, nonrenewal, premium increase or coverage changes and policy declination. In case you missed...
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Jan 27, 2012
No CommentsConfidential Treatment: Documents in the Product Filing Process
Many states provide insurance companies the option to request that certain documentation be considered proprietary and/or confidential and therefore, not subject to public disclosure requests. Other types of documents, by their very nature, are considered confidential by a state upon filing without any request being made by the insurer. The filing of credit scoring model...
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Jan 11, 2012
No Comments2011 Regulatory Trends Web Seminars: A Year End Look at Regulatory and Market Conduct Activity
These “Regulatory Trends” web seminars take a look at not only 2011’s key legislative and regulatory changes, but also some recent market conduct enforcement actions. From managing regulatory changes to addressing market conduct exams and enforcement actions, the insurance industry dealt with multiple compliance challenges last year. The recordings are available for Property & Casualty, Life & Annuities, and Health. Click here to...
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Dec 27, 2011
No CommentsNew Year, New Product Filings
In the competitive property and casualty insurance market, underwriters must constantly keep an eye on product development in order to meet evolving consumer needs. In the past decade, policy language has been rewritten in response to diverse factors such as terrorism, the popularity of portable electronics and domestic partnerships. In some cases, existing policy language can be...
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Dec 22, 2011
No CommentsThe “Right Name” is on it…Right?
Insurers’ names appear on many and varied forms of correspondence including policies, claim forms, letterheads and premium notices. However, making sure that the right (i.e. correct) name is displayed on those documents can be a challenge. California market conduct exams across multiple lines of business have indicated violations of Insurance Code §880 which provides that...
