FIO Report on Modernizing Insurance Due for Release (2/1/2012)

Federal Insurance Office (FIO) Director Michael McRaith is expected to submit the report on modernizing insurance regulation to Congress on or before January 31... Full Story

Senate Bill Would Offer Scaled-Down MLR Exemption on Agent Commissions (2/1/2012)

Revised legislation that narrows the proposed exemption of agent commissions from the healthcare reform law’s Medical Loss Ratio is about to be introduced in the Senate... Full Story

Public’s Message: Dump the Health Mandate (2/1/2012)

Americans are giving Congress and the Supreme Court seemingly contradictory messages about President Barack Obama's landmark healthcare reform law: Keep the law, but find a way to make it work without the mandate... Full Story

Past PIA of North Dakota President Appointed to Crop Insurance Board (2/1/2012)

Longtime PIA member and past president of PIA of North Dakota Chuck Tompkins of Minot was appointed by Governor Jack Dalrymple to serve on the newly-created Crop Insurance Development Board... Full Story

West Virginia, Virgin Islands Explore Joint Health Exchange (2/1/2012)

West Virginia and the U.S. Virgin Islands are mulling the formation of a joint health insurance exchange, say officials from the state and territory... Full Story

Oregon Accepting IIPRC Filings (2/1/2012)

The Interstate Insurance Product Regulation Commission (IIPRC) is now accepting product filings on behalf of Oregon, which became an official member on January 1, 2012, and is participating in Uniform Standards for all adopted product lines including individual life, annuities, long-term care and disability income insurance products... Full Story

Louisiana High Court Refuses to Overturn Citizens Ruling (2/1/2012)

The Louisiana Supreme Court will not reconsider a $92.7 million judgment against the state’s insurer of last resort, Citizens Property Insurance Corporation, for the company’s slow handling of Hurricane Katrina claims. But Insurance Commissioner Jim Donelon said the state-backed company will take the case to the U.S. Supreme Court and could know shortly if the issue will be considered... Full Story

Lightening Deaths Lowest On Record in 2011 (2/1/2012)

The National Weather Service reports that only 26 people were killed by lightning in the U.S. in 2011, the lowest on record... Full Story

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