The insurance department has a new a link on its Web
site allowing online address changes for agent broker licenses.
Commissioner Steve Poizner names Tony Cignarale as
acting deputy commissioner of Consumer Services and Market
Conduct. Cignarale replaces Woody Girion, who was named deputy
commissioner of rate regulation. Cignarale had served as chief
of the Consumer Services Division since 2001 where he
investigated consumer complaints. www.insurance.ca.gov/
Bulletin CL-01-07 explains new rules governing
loss-of-use payments for all automobile insurance coverage.
Commissioner Kevin McCarty issues a consent order requiring
Chubb to refund more than $13 million in excess profits to
customers. The Office of Insurance Regulation determined that
between 2002 and 2004 the insurer realized excess profits of
$13.1 million for workers comp.
New rules governing health insurance filings and
supplemental filings can be found at
Insurance department issues Bulletin 07-04 clarifying
proper use of certificates of authority by local producers.
Commissioner Sandy Praeger names Cindy Hermes director of the
Government and Public Affairs Division. Bob Hanson named public
Kathy Horsley of the Office of Insurance has earned the
NAIC’s first associate professional of insurance
regulation designation. www.doi.state.ky.us/kentucky
The Department of Insurance has begun using its new
complaint, rate and form tracking (CRAFT) system to receive and
respond to consumer complaints as well as to submit rate, rule,
and policy form filings. The department’s goals are to
become paperless, have one comprehensive system for all filing
types and provide speed to market.
Gov. Martin O’Malley names Ralph Tyler as
insurance commissioner. Tyler was chief legal counsel for the
governor. A longtime Baltimore resident, Tyler previously
practiced law in Maryland and the District of Columbia as a
partner in the Baltimore office of the international law firm
of Hogan & Hartson. He replaces interim Commissioner Peggy
Watson, who will continue serving as the governor’s
deputy chief of staff. >> Regulators closed the public
comment period and are now considering new rules governing
surplus lines filing requirements.
The Insurance Market Regulation Division says paper copies of
life, health, property and casualty filings will no longer be
retained by the department. All lines of life, health, property
and casualty filings accepted by the division will be stored
and viewed using an electronic paperless system using SERFF
(System for Electronic Rate and Form Filings). Currently, 68%
of filings received are filed through this system. The division
is urging all companies to use SERFF to streamline the process.
Bulleting 07-05 provides interpretation of new
statutory provisions governing consolidated insurance programs.
Superintendent Eric Dinallo names four to new
leadership positions. Dr. Hampton Finer is deputy
superintendent for rates and competition and will direct rate
review activities and manage policies for maintaining
competitive, innovative and stable insurance markets. Steven
Nachman is deputy superintendent for fraud and consumer
services, overseeing handling of consumer complaints, licensing
and fraud investigations. Louis Pietroluongo is deputy
superintendent for disaster preparedness and business
continuity planning. And Christopher Rulon is named deputy
superintendent for operations, handling the day-to-day
functions of the department. www.ins.state.ny.us
Deputy Insurance Commissioner Randy Rohrbaugh
determines there is currently not evidence of sufficient market
capacity to mandate a rate increase in medical malpractice
limits. “We did not want to prematurely raise the limits
before there is adequate capacity in the medical malpractice
insurance marketplace,” he says. An actuarial study by
Pricewaterhouse Coopers shows that, since the passage of Act 13
of 2002 and other reforms, there is insufficient evidence of
additional capacity, so a legal threshold has not been met.
The insurance department offers a 30-day update of workers
comp changes on its Web site.
Regulations providing guidance on complying with the
new Health Care Liability Reform Act are now in effect. The
law, enacted in 2006, addresses patient safety, insurance
industry reform and civil liability reform. In part, the
reforms require licensed and surplus lines insurers,
self-insurers—such as hospitals and large medical
clinics—risk retention groups and claimants to report
medical malpractice claims to the commissioner after they are
settled. Reporting requirements take effect Jan. 1, 2008. The
new regulations explain the procedures for insurers and
providers as well as for attorneys and claimants.