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Regulation news - NAMIC praises consumer-protection moves.
(From Reinsurance)
An analysis by the National Association of Mutual Insurance Companies (NAMIC) has praised a new legal standard adopted in both Kansas and Texas in 2005 as an effective tool to balance consumer protection with the business needs of insurance companies.
A NAMIC issue brief, "Kansas and Texas Enact Self-Audit Privilege," concludes that while there has not been strong support among state insurance regulators or legislators to embrace a self-evaluative audit privilege for insurance companies, nearly all states have already adopted a similar privilege for medical peer reviews, and more than half have enacted protections for environmental self-audits.
"NAMIC is hopeful enactment in 2005 of the self-evaluative privilege in Kansas and Texas, as well as a strong attempt to enact the privilege in Missouri, will encourage additional states to adopt the privilege and move the country as a whole closer to common-sense market conduct surveillance," stated the report's author, Joe Thesing, NAMIC state affairs manager, central region.
...- Self-Audit Privilege: Lawyers Perspective.(Brief Article)
- Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management CONNOLLY, JIM February 19, 2001 700+ words
...interesting that the self-audit privilege is only coming up...believes that a self-audit privilege will bog down cases...opposes the self-audit privilege on both practical...It is easier for insurance companies to hide wrongdoing...
- Self-Audit Privilege Debated.(Brief Article)
- Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management CONNOLLY, JIM February 19, 2001 700+ words
The self-audit privilege for insurers, a...assessments of insurance companies are kept confidential...discussion of a self-audit privilege, according to Joel...said that the self-audit privilege is one of several...
- Self-audit privilege laws allow criminal corporations to escape...
- Newspaper article from: The Washington Times March 28, 1997 700+ words
...articles on the environmental self-audit privilege laws give the false impression that...also opposes these misguided laws. Audit privilege laws permit firms that pollute our...list could be endless. The self-audit privilege essentially permits a corporate polluter...
- Insurers And Regulators Debate Who Gains From Self-Audit Privilege.
- Magazine article from: National Underwriter Life & Health-Financial Services Edition Connolly, Jim February 26, 2001 700+ words
The self-audit privilege may be a relatively "new breed...to the discussion of a self-audit privilege, according to Joel Ario, administrator...Washington. Femia says the self-audit privilege is one of several privileges available...
- AUDIT PRIVILEGE BILL WILL REWARD POLLUTERS.(NEWS)(Letter to the Editor)
- Newspaper article from: The Cincinnati Post (Cincinnati, OH) November 22, 1996 700+ words
...protection of our basic natural resources is for sale, literally, to the highest bidder. The structure of the recently passed audit privilege bill is purely a reflection of its substance - secrecy and immunity for the notoriously reckless violators of Ohio environmental...
- Consumerists Question Need For Self-Audit Privilege.(Brief Article)
- Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management CONNOLLY, JIM February 19, 2001 700+ words
...don't want anyone to know or you to know or the lawyer to know," he said. Mr. Hunter expressed concern that a self-audit privilege could allow companies to sweep everything under privilege and hide issues from everyone. The notion that a company can...
- State environmental audit privilege laws: can EPA still access environmental...
- Magazine article from: Environmental Law Austin, Christina December 22, 1996 700+ words
I. INTRODUCTION Over the last twenty-five years Congress, states, and administrative agencies have woven a complex web of environmental laws and regulations.(1 )Facing fines, criminal prosecutions of employees, and bad publicity if they are labeled as "polluters," diligent companies are seeking
- MOST NATIONAL INSURANCE COMPANIES HAVE INSUFFICIENT EQUITY
- Magazine article from: Indonesian Commercial Newsletter September 11, 1995 700+ words
Most national insurance companies, both life insurance and...some 54 out of the 97 loss-insurance companies in operations had an equity...some 38 out of the 57 life-insurance companies in operations had an equity...
