Posts Tagged: consumer disclosures
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Mar 16, 2011
1 CommentRetained Asset Accounts – Initiatives Continue in 2011
The start of this year’s legislative sessions has certainly provided a forum for introduced bills addressing the use of retained asset accounts by insurers as a settlement option. Just as we saw last year, states are continuing to evaluate their current regulatory requirements applicable to this settlement option through either legislative or regulatory approaches, or...
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Dec 22, 2009
No CommentsA Look Ahead to 2010
While the insurance industry witnessed intense interest in its business at both the state and federal levels in 2009, the upcoming year is expected to continue to present challenges in terms of significant legislative and regulatory activity. Consumer protection interest in life settlements was evident this year in many states and 2010 may see additional...
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Oct 15, 2009
No CommentsConsumer Protection Dominates Adverse Action Regulation in 2009
Property & casualty lines insurers witnessed multiple changes this year concerning cancellations, nonrenewals, and renewals of personal and commercial lines policies. These changes generally involved providing for additional regulatory structure around this underwriting function including consumer disclosures, and permitted or prohibited reasons. Some specific examples of such activity this year can be found in the...
