Protect Your Insurance Company from Significant Market Conduct Fines Think fines from market conduct exams can’t add up? Think again. In a recent investigation of National Union Fire Insurance, the New York Department of Financial Services uncovered numerous...
Allstate Fire & Casualty Insurance Violates Vermont Law When it comes to common market conduct criticisms for insurers, the claims, underwriting, and sales processes are top spots of contention. Compliance penalties are serious and can include cease and desist...
4 Benefits of Bringing All of Your Regulatory Data into One System Data is critical to your regulatory compliance efforts. But too often, the data you need lives across dozens of state departments of insurance databases. Getting the data in one place saves time,...
New York Auto Insurance Companies Subject to $4M in Tier Rating Violations For almost a decade, automobile insurance companies have used a tier system to determine premium rates. Before the tier system, most insurance companies had a standard rate that was applied to...
California Insurers Face New Rules Regarding Payouts for Child Support Violators As if insurance companies didn’t have enough compliance rules to manage, those with lines of business in California have a new check to make before paying claims. At the start of 2020,...
How to Prevent Significant Violations in Market Conduct Reviews Market conduct has become a key insurance regulatory focus over the last decade. Insurance regulators work diligently to ensure the welfare of consumers. And insurance companies work diligently to stay in...
Regulatory Exam in Your Future? So, you’re being audited. Those words can quicken the pulse of even an experienced compliance officer, but there are many ways you can be prepared. State Departments of Insurance have long had the statutory power to examine insurance...
Banks, insurance companies, and other financial service institutions are top targets for online attackers. Your institution carries important information about customers and a breach could wreak havoc on real people and their lives. Not to mention it could cost your...
