Consumer Protection Agency Returns $63.7 million to California Consumers

Consumer Protection Agency Returns $63.7 million to California Consumers

(Sacramento, CA – Insurance News and Markets) – In 2013, the California Department of Insurance recovered more than $63.7 million through consumer complaint investigations and market conduct examinations of insurance companies – bringing that money back to the state’s consumers. Each year, the hotline handles more than 100,000 calls and has recovered more than $180 […]

NAIC Releaes Report on Proiftability by Line By State 2012

NAIC Releaes Report on Proiftability by Line By State 2012

(Washington, D.C. – Insurance News and Markets) – The National Association of Insurance Commissioners (NAIC)  recently released the Report on Profitablility by Line by State, which estimates and allocates profitability in property/casualty insurance by state and line of insurance. This report can be utilized to analyze competition and market performance. It combines by line and […]

U.S. and EU Insurance Regulators Advance Regulatory Coordination

(Washington, D.C. – Insurance News and Markets) – Late last month, representatives of the National Association of Insurance Commissioners (NAIC), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Commission met to come to a mutual regulatory understanding of insurance in the U.S. and EU, as part of the EU-U.S. Dialogue Project. The […]

California Insurance Commissioner Jones issues Emergency Regulation at Inauguration

California Insurance Commissioner Jones issues Emergency Regulation at Inauguration

(Sacramento, CA – Insurance News and Markets) – On Jan. 5, Commissioner Dave Jones issued an emergency regulation that requires health insurers to have enough medical providers and networks to provide timely access to medical care. This addresses problems identified with access to doctors, hospitals and medical providers that occurred in 2014, as health insurers […]

Texas Department of Insurance recovers more than $32 Million for Consumers

Texas Department of Insurance recovers more than $32 Million for Consumers

(Austin, TX – Insurance News and Markets) – In 2014, the consumer protection staff of the Texas Department of Insurance (TDI) recovered $32.3 million for consumers through complaint resolution.  Over the past year, TDI took 174,000 calls on the consumer help line and resolved more than 19,400 complaints in an average of 40 days. “The […]

Florida Office of Insurance Regulation Releases Motor Vehicle Personal Injury Protection Insurance Call Report

Florida Office of Insurance Regulation Releases Motor Vehicle Personal Injury Protection Insurance Call Report

(Tallahassee, FL – Insurance News and Markets) – The recently-released motor vehicle personal injury protection insurance data call report shows a decrease in the cost per claim and number of claims for personal injury protection (PIP) since Jan. 1, 2013. The report reveals that the largest decreases in personal injury protection occurred in South Florida […]

Acura TLX named a Top Safety Pick by the Insurance Institute for Highway Safety

Acura TLX named a Top Safety Pick by the Insurance Institute for Highway Safety

(Arlington, VA – Insurance News and Markets) – Acura’s 2015 TLX midsize sedan has earned the Top Safety Pick+ for acceptable performance in the small overlap front test, good ratings in other crashworthiness evalutions and a superior rating for front crash prevention from the Insurance Institute for Highway Safety. Driver’s space was maintained in the […]

IIABCal Requests Meeting with California DMV

IIABCal Requests Meeting with California DMV

(Sacramento, CA – Insurance News and Markets) – The Independent Insurance Agents and Brokers of California (IIABCal) is hoping to meet with the California Department of Motor Vehicles to discuss notifications that independent agents and brokers must sign an amendment to the commercial requester account agreement in order to submit motor vehicle records to companies […]