NOT FOR REPRINT
Page Printed from: propertycasualty360.com/author/profile/robert-detlefsen/
Repairs take five to seven days longer at body shops that aren't a part of a direct repair program.
Will the European Union realize that U.S. states have a place in the federal insurance regulatory system?
How should this practice operate in the context of insurance, and what should regulators do about it?
When Congress created the Federal Insurance Office in 2010 as part of the Dodd-Frank financial reform legislation, it asked the new agency to monitor whether traditionally underserved consumers, communities, minorities, andlow- and moderate-income persons have access to affordable insurance products in all lines except health insurance.
The definition is subjective, but there are some solid stats if you know where to look.
The laws in 49 states require drivers to carry automobile liability insurance, yet millions of Americans drive without it. Why? Auto insurance is too expensive, at least for low- and moderate-income drivers. Given the other demands on their financial resources, auto insurance is a luxury they can't afford.
Insurance contracts are complicated documents, especially for the average consumer. Consequently, most states require insurers to draft policy language to comply with readability standards to make it easier for consumers to understand complex coverage terms. Recently, regulators have focused on the extent to which policy forms are physically accessible to...
NAIC Transparency/Readability Working Group to investigate policy transparency
Third-party litigation funding is a burgeoning industry that threatens to increase the volume of litigation and drive up litigation-defense and claim costs. The NAMIC argues the practice should be prohibited.
{ "author": { "name": "Robert Detlefsen", "webUrl": "/author/profile/robert-detlefsen/", "description": "", "imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g", "estimate": 11, "social": [], "articles": [ { "uri": "/2016/05/18/insurers-direct-repair-programs-can-enhance-consumer-welfare/", "title": "Insurers’ direct repair programs can enhance consumer welfare", "byline": "Robert Detlefsen", "kicker": "Commentary", "prettyDate": "May 18, 2016", "timeToRead": "5 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/robert-detlefsen/", "name": "Robert Detlefsen" } ], "kickerNode": [ { "uri": "/commentary/", "sectionName": "Commentary" } ], "summary": "Repairs take five to seven days longer at body shops that aren't a part of a direct repair program.", "body": null }, { "uri": "/2016/02/19/negotiations-with-eu-insurance-regulators-are-a-test-for-team-usa/", "title": "Negotiations with EU insurance regulators are a test for ‘Team USA’", "byline": "Robert Detlefsen", "kicker": "News", "prettyDate": "February 19, 2016", "timeToRead": "5 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/robert-detlefsen/", "name": "Robert Detlefsen" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Will the European Union realize that U.S. states have a place in the federal insurance regulatory system?", "body": null }, { "uri": "/2015/09/18/price-optimization-under-scrutiny/", "title": "Price optimization under scrutiny", "byline": "Robert Detlefsen", "kicker": "Commentary", "prettyDate": "September 18, 2015", "timeToRead": "5 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/robert-detlefsen/", "name": "Robert Detlefsen" } ], "kickerNode": [ { "uri": "/commentary/", "sectionName": "Commentary" } ], "summary": "How should this practice operate in the context of insurance, and what should regulators do about it?", "body": null }, { "uri": "/2015/01/01/is-insurance-affordable-ask-the-fio/", "title": "Is Insurance Affordable? Ask the FIO", "byline": "Robert Detlefsen", "kicker": "", "prettyDate": "January 01, 2015", "timeToRead": "2 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/robert-detlefsen/", "name": "Robert Detlefsen" } ], "kickerNode": [], "summary": "When Congress created the Federal Insurance Office in 2010 as part of the Dodd-Frank financial reform legislation, it asked the new agency to monitor whether traditionally underserved consumers, communities, minorities, andlow- and moderate-income persons have access to affordable insurance products in all lines except health insurance.", "body": null }, { "uri": "/2014/10/02/is-auto-insurance-affordable-ask-the-fio/", "title": "Is auto insurance “affordable”? Ask the FIO", "byline": " Robert Detlefsen ", "kicker": "Commentary", "prettyDate": "October 02, 2014", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/robert-detlefsen/", "name": "Robert Detlefsen" } ], "kickerNode": [ { "uri": "/commentary/", "sectionName": "Commentary" } ], "summary": "The definition is subjective, but there are some solid stats if you know where to look.", "body": null }, { "uri": "/2014/05/01/is-auto-insurance-affordable/", "title": "Is Auto Insurance Affordable?", "byline": "Robert Detlefsen", "kicker": "", "prettyDate": "May 01, 2014", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/robert-detlefsen/", "name": "Robert Detlefsen" } ], "kickerNode": [], "summary": "The laws in 49 states require drivers to carry automobile liability insurance, yet millions of Americans drive without it. Why? Auto insurance is too expensive, at least for low- and moderate-income drivers. Given the other demands on their financial resources, auto insurance is a luxury they can't afford.", "body": null }, { "uri": "/2014/02/01/forms-follow-function/", "title": "Forms Follow Function", "byline": "Robert Detlefsen", "kicker": "", "prettyDate": "February 01, 2014", "timeToRead": "3 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/robert-detlefsen/", "name": "Robert Detlefsen" } ], "kickerNode": [], "summary": "Insurance contracts are complicated documents, especially for the average consumer. Consequently, most states require insurers to draft policy language to comply with readability standards to make it easier for consumers to understand complex coverage terms. Recently, regulators have focused on the extent to which policy forms are physically accessible to...", "body": null }, { "uri": "/2012/04/24/disparate-impact-rule/", "title": "Disparate Impact Rule", "byline": "Robert Detlefsen", "kicker": "", "prettyDate": "April 24, 2012", "timeToRead": "6 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/robert-detlefsen/", "name": "Robert Detlefsen" } ], "kickerNode": [], "summary": "Federal regulator targets risk-based insurance pricing", "body": null }, { "uri": "/2012/01/31/is-transparency-clear/", "title": "Is Transparency Clear?", "byline": "Robert Detlefsen", "kicker": "", "prettyDate": "January 31, 2012", "timeToRead": "8 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/robert-detlefsen/", "name": "Robert Detlefsen" } ], "kickerNode": [], "summary": "NAIC Transparency/Readability Working Group to investigate policy transparency", "body": null }, { "uri": "/2011/07/21/litigation-funding-creates-substantial-cost-risk-for-insurers/", "title": "Litigation Funding Creates Substantial Cost Risk For Insurers", "byline": "Robert Detlefsen", "kicker": "", "prettyDate": "July 21, 2011", "timeToRead": "4 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/robert-detlefsen/", "name": "Robert Detlefsen" } ], "kickerNode": [], "summary": "Third-party litigation funding is a burgeoning industry that threatens to increase the volume of litigation and drive up litigation-defense and claim costs. The NAMIC argues the practice should be prohibited.", "body": null } ] } }
From gryphon.ai
Is your organization protected against costly Do Not Call (DNC) and Telephone Consumer Protection Act (TCPA) violations and fines? This comprehensive checklist explores key compliance areas, offering insights to mitigate risks and protect your brand reputation in 2024.
Download ResourceFrom OneShield
Commercial insurers have faced many challenges in 2023 due to a record number of billion-dollar weather events, inflation and a tightening reinsurance market. The increasing focus on individual risk levels in the reinsurance market requires insurers to embrace new technology, data, and tools to improve loss ratios and customer satisfaction. This eBook explores solutions to navigate these challenges and enhance risk management capabilities.
Download ResourceFrom Origami Risk
Explore common pitfalls in core insurance transformations and how to avoid them. Discover comprehensive strategies and best practices to successfully plan and execute a cloud implementation in this comprehensive white paper.
Download ResourceFrom gryphon.ai
This guide empowers insurance carriers and risk managers to navigate complex regulations, safeguarding their brands from costly SMS and text messaging penalties.
Download ResourceFrom Origami Risk
Navigating the complexities of P&C core insurance digitization is no easy task. Explore the critical decisions between building or buying and how to achieve operational excellence in this white paper.
Download ResourceFrom Melissa
As more customers “unbundle” their insurance products and spread their business among many carriers, agents must look for creative strategies to retain and grow business. Download this white paper to learn top strategies to ensure success in 2024.
Download ResourceFrom gryphon.ai
Empower your organization to excel in marketing outreach without compromising compliance. This guide offers a roadmap to implement a best-in-class contact compliance strategy so that your organization can continue successful marketing campaigns, ethically and legally.
Download ResourceFrom gryphon.ai
Is your organization protected against costly Do Not Call (DNC) and Telephone Consumer Protection Act (TCPA) violations and fines? This comprehensive checklist explores key compliance areas, offering insights to mitigate risks and protect your brand reputation in 2024.
Download ResourceFrom OneShield
Commercial insurers have faced many challenges in 2023 due to a record number of billion-dollar weather events, inflation and a tightening reinsurance market. The increasing focus on individual risk levels in the reinsurance market requires insurers to embrace new technology, data, and tools to improve loss ratios and customer satisfaction. This eBook explores solutions to navigate these challenges and enhance risk management capabilities.
Download ResourceFrom Origami Risk
Explore common pitfalls in core insurance transformations and how to avoid them. Discover comprehensive strategies and best practices to successfully plan and execute a cloud implementation in this comprehensive white paper.
Download ResourceFrom gryphon.ai
This guide empowers insurance carriers and risk managers to navigate complex regulations, safeguarding their brands from costly SMS and text messaging penalties.
Download ResourceFrom Origami Risk
Navigating the complexities of P&C core insurance digitization is no easy task. Explore the critical decisions between building or buying and how to achieve operational excellence in this white paper.
Download ResourceFrom Melissa
As more customers “unbundle” their insurance products and spread their business among many carriers, agents must look for creative strategies to retain and grow business. Download this white paper to learn top strategies to ensure success in 2024.
Download ResourceFrom gryphon.ai
Empower your organization to excel in marketing outreach without compromising compliance. This guide offers a roadmap to implement a best-in-class contact compliance strategy so that your organization can continue successful marketing campaigns, ethically and legally.
Download ResourceFrom gryphon.ai
Is your organization protected against costly Do Not Call (DNC) and Telephone Consumer Protection Act (TCPA) violations and fines? This comprehensive checklist explores key compliance areas, offering insights to mitigate risks and protect your brand reputation in 2024.
Download Resource