Virginia Gov. Bob McDonnell signed into a law a bill enabling the state insurance regulators to fight false certificates of insurance and those who request them.

An organization that educates legislators on insurance issues is working with insurance associations to create a model legislation for states concerning misuse of certificates of insurance.

A trade group representing property-casualty insurers is asking the National Conference of Insurance Legislators (NCOIL) to alter three proposals for model acts.

The National Council of Insurance Legislators wants to ensure that “minefields – embedded with danger” in any retained-asset accounts are prevented by the adoption of a “Beneficiaries Bill of Rights.”

Nothing inspires a politician more than a good populist cause, and one of the most populist of all causes in the last ten years or so has been insurers’ use of credit scoring. It has provided fuel for a fire that no one can effectively extinguish. No response to charges levied against its use is sufficient. Its benefits do not matter. In short, as far as government and the public are concerned, it is indefensible, but insurers insist on fighting for the ability to use it.

A national life insurance settlement association has come out in opposition to the practice of stranger-originated annuity transactions, or STATs.

A trade group of insurance and financial service professionals has voiced its opposition to the growing use of stranger-originated annuity transactions (STATs).

Joining several other states, Pennsylvania is seeking a tougher stance on stranger originated life insurance, or STOLI.

Citing the increased need for consumers to know where their insurance dollars are truly going in the current economy, Delaware regulators are exploring possible commission disclosure rules for agents and …  Read →

A collective of insurance trade groups joined credit information and economic experts seeking to promote to state regulators the benefits to consumers when they use credit-based insurance scoring, even in …  Read →