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P&C insurers to submit copies of consumer notices in connection with credit scoring to New Jersey Department of Banking and Insurance
- Edwards Wildman Palmer LLP
- -
- USA
- -
- October 5 2009
On April 26, 2004, the New Jersey Department of Banking and Insurance (“NJDBI”) issued Bulletin No. 04-05 advising property & casualty insurers that they may use credit scoring in determining an insured’s rate provided that consumer protection measures are established, including, but not limited to providing rate, underwriting and classification exceptions for consumers whose credit information has been directly influenced by extraordinary life events, such as a serious illness, temporary loss of employment, divorce or identity theft, to name a few
Financial regulatory reform outlook
- Edwards Wildman Palmer LLP
- -
- USA
- -
- October 1 2009
Though currently shadowed by healthcare reform efforts that have dominated the congressional schedule this fall, the push to enact a financial regulatory overhaul has been making steady progress in Congress
District of Columbia appoints new Commissioner
- Edwards Wildman Palmer LLP
- -
- USA
- -
- September 2 2009
On August 28, 2009, the District of Columbia Department of Insurance, Securities and Banking (“DISB”) issued a press release announcing that Thomas E. Hampton has stepped down as Commissioner of the DISB
State regulators vie for seat on the newly proposed Financial Services Oversight Council
- Edwards Wildman Palmer LLP
- -
- USA
- -
- August 3 2009
As previously discussed, the United State Treasury Department has recently submitted a proposal to form a Financial Services Oversight Council (the "Council") composed of various federal regulators to coordinate financial services regulation and oversight, but would not include a representative to the Council that has a specific insurance or reinsurance regulatory portfolio
Treasury Department sends systemic risk regulation proposal to Congress, and other financial regulatory overhaul news
- Edwards Wildman Palmer LLP
- -
- USA
- -
- July 24 2009
On Wednesday, July 22, 2009, the Treasury Department sent draft legislation to Capitol Hill that would bring all financial firms under federal supervision and regulation, and would establish a new regulatory council the Financial Services Oversight Council to identify and manage emerging risks
Current Search
- Jurisdiction - USA
- Workarea - Insurance & Reinsurance
- Workarea - Banking
- Author - M Machua Millett
- Author - Lisa Peatfield