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PIA of New York President Testifies on Credit Scoring in Albany
PIA of New York President T.J. Derella said the positives and negatives of using credit scores in personal lines underwriting depend largely on the practices...
Texas DOI May Cap Amount Carriers Can Charge People With Poor Credit Scores
During a public hearing last week, Texas Insurance Commissioner Jose Montemayor said he will consider changing the amount that insurance companies can charge people who...
Senate Passes Bill Providing for "Do Not Spam" Registry
On Wednesday, October 22 the U.S. Senate passed S.877. The bill, the nation's first federal anti-spam measure, is geared toward stopping the most unsavory of...
Q3 Insured Catastrophe Losses Take a Big Jump
Insurers are expected to pay $2.9 billion to homeowners and businesses for insured property losses from seven catastrophic events in the third quarter of this...
Majority Say Reduction in Health Benefits Worse Than No Raise
A new Wall Street Journal/Harris poll finds that many more Americans with employer-sponsored health insurance are unhappy with changes to their health insurance than are...
Pataki Signs NY Producer Licensing Act
PIA of New York said it is pleased that the state of New York will join the ranks of states that have enacted some form...
Senate Hearing on Federal Involvement in Insurance Regulation
The Senate Commerce, Science and Transportation Committee held a hearing Wednesday, October 22 to examine federal involvement in the regulation of the insurance industry. In...
Treasury Announces TRIA Regulations; PIA Analysis
On October 10, the U.S. Treasury Department announced two final regulations under the Terrorism Risk Insurance Act of 2002, which was signed into law by...
Texas Begins Review of Insurance Based Credit Scoring
The Texas Department of Insurance (TDI) is about to place the practice of insurance based credit scoring under a microscope. TDI is beginning a comprehensive...
Senate Expected to Vote This Week on FCRA Reauthorization
The Senate will likely vote on Fair Credit Reporting Act (FCRA) reauthorization legislation on Thursday October 23 or Friday October 24, according to Senate Banking...