Posts Tagged: consumer protection
-
Jan 03, 2012
No Comments2012 Rings In New Suitability Protections for California Seniors
I hope that everyone enjoyed the recent holidays as much as I did. As we welcome in the start of 2012, many new legislative and regulatory changes will be going into effect this week (January 1st is a very popular effective date). Thinking about what’s new for the year ahead reminds me that California seniors...
-
Nov 28, 2011
1 CommentCredit Scoring Revisited?
The subject of hot debate for years, credit scoring is estimated to be used by over 90% of property and casualty insurers writing personal lines coverage today. Credit scoring use has been a controversial practice due to competing points of view – some consumer advocates argue that it is discriminatory while industry generally views it as...
-
Oct 13, 2011
No CommentsDiscretionary Clause Ban – Part Deux
Seeing as how I’ve written about discretionary clauses in the past, I thought that it was timely to alert everyone to a very recent update in the area of discretionary clause prohibitions. Last week, California Governor Jerry Brown signed SB 621 into law. This new law makes discretionary clauses in new or renewed life, disability...
-
May 17, 2011
No CommentsBe Prepared – It’s Not Just for the Boy Scouts
It seems every time you turn on the news these days that another disaster, natural or otherwise, is in the headlines. Just this...
-
May 09, 2011
No CommentsAs Flood Waters Rise, NFIP Reform Efforts Continue
After witnessing the devastation caused by earthquake, tsunami and tornadoes, we now watch the rising flood waters in the Midwest. As a recent Missouri Department of Insurance news release warned in advance, flooding is an especially big concern this spring, and the Mississippi is cresting at record levels....
