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POLITICS & POLICY

Agreement Reached For Payment Of Outstanding Arkansas Claims

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Written by U.S. Insurance News   
Sunday, 21 March 2004
Agreements have been reached regarding the payment of outstanding claims of TRG Marketing, LLC on behalf of Arkansas insureds, according to State Insurance Commissioner Mike Pickens.
 

National Conference of Insurance Legislators Consider Flex-Rating Model

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Written by U.S. Insurance News   
Sunday, 14 March 2004
At the spring meeting of the Property Casualty Committee of the National Conference of Insurance Legislators (NCOIL), a model act designed to move states with restrictive rating laws for personal lines insurance close to competitive rating environments was considered.
 

Reorganization Options Reexamined By Washington Insurance Commissioner

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Written by U.S. Insurance News   
Sunday, 14 March 2004
The Washington State Office of the Insurance Commissioner (OIC) initiated a voluntary rehabilitation, appointed a receiver for, and assumed control of the Company’s wholly owned subsidiary, Western United Life Assurance Company (WULAC).
 

Insurance Licenses Held By Bail Bondsman Louis. M. Marcotte Revoked

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Written by U.S. Insurance News   
Thursday, 11 March 2004
An Insurance Department “Consent to Voluntary Revocation” document was signed by a bail bond operating in the Greater New Orleans area, which revoked all producer licenses held by him.
 

Emotional Distress Recovery Limited By Connecticut High Court Ruling

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Written by U.S. Insurance News   
Thursday, 11 March 2004
Limits on financial compensation for emotional distress were recently ruled on by the Connecticut Supreme Court.
 
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