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Four insurance trade groups have drafted a letter urging lawmakers to give state regulators the job of setting rules governing health insurance administrative costs and sale of health policies through exchanges.
The Professional Insurance Agents of New York State Inc. said among the legislative items it will focus on in 2010 are issues involving coastal homeowners' insurance availability, producer compensation disclosure and auto insurance fraud.
Insurers seeking limited apportionment company status for 2010 must petition the Florida Office of Insurance Regulation within the first 90 days of 2010. Applications received after March 31 will not be considered.
Insurance Information Institute President Robert P. Hartwig has reported on a variety of insurer reform proposals to halt the spiraling costs of New York's no-fault auto insurance claims.
The National Association of Insurance Commissioners has sent a letter to congressional leaders opposing the creation of a federal health choices commissioner.
Neither an attempted terrorist attack nor the lowest airline fatalities in more than 60 years is likely to dramatically impact airline insurance rate trends, according to brokers.
The Independent Insurance Agents and Brokers of New York said the top issues on their legislative agenda this year are opposition to proposed producer disclosure regulations and changes to the state's workers' compensation system.
The National Association of Insurance Commissioners said it wants to continue discussions with two state lawmaker groups that have criticized its national commission proposal.
The head of a House committee said he will hold a hearing to probe allegations that Federal Reserve Bank of New York officials told American International Group not to disclose information about bailout arrangements.
Politicians should wear the logos of all major contributors to their campaigns--just like the sponsor decals displayed by NASCAR drivers--so we know who is financing them, says NU Editor Sam Friedman in his blog today at www.NUSamSoapBox.com.
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