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British Insurers Uses Lie Detection Software to Fight Fraud
Several British insurance companies have begun using lie-detection software to identify policyholders who fabricate or exaggerate claims when reporting losses from a theft or an...
Large U.S. Firms Plan Health Insurance Pool
Rather than wait for Congress for help in extending medical coverage to the uninsured, a group of dozens of Fortune 500 companies has announced plans...
House Passes AHP Bill
On May 13, the U.S. House of Representatives passed H.R. 4281, a bill to create Association Health Plans (AHPs). The vote marked the second time...
New Jersey YIP Sets Goal for Annual Special Olympics Fun Run
To mark its 20th anniversary, the New Jersey Young Insurance Professionals' Fun Run expects to raise $100,000 for Special Olympics New Jersey this year. ...
Bank Insurance Revenues Up Ten Percent
The Federal Reserve reports that bank-insurance revenues increased by 10 percent to $33.5 billion last year. According to the American Bank Insurance Association, the Fed...
S&P Stays Negative on Outlook for P/C Industry
Standard & Poor's Credit Market Services issued a report May 10, on the U.S. property/casualty industry that maintains its negative rating outlook on this sector...
NCSL Says Unfunded Federal Mandates Are Back With a Vengeance
A new study released by the National Conference of State Legislatures (NCOIL) indicates that state governments in the current fiscal year are confronting at least...
PIA Says Don't Penalize U.S. Soldiers Returning from Iraq With Auto Insurance Cancellations or Rate Hikes
WASHINGTON, May 17, 2004 - U.S. Armed Forces personnel returning from fighting in Iraq deserve our thanks, not insurance rate increases or denials...
Compromise Credit Scoring Proposal Debated in Michigan
One week after Michigan Governor Jennifer Granholm (D) announced her proposal to ban the use of credit scoring in insurance underwriting, an alternate proposal was...
OCC Counsel "Surprised" By Negative Reaction to Preemption Rules
The chief counsel for the Office of the Comptroller of the Currency said she was surprised by negative reaction to the agency's preemption rules. The...