The Vermont Department of Financial Regulation Division of Insurance issued its Insurance Bulletin No. 206 titled Virtual Adjustment of Vehicle Partial And Total Loss Claims that clarifies that insurance companies must provide an in-person inspection by a licensed adjuster within a reasonable period of time if requested by a claimant. According to the bulletin, the […]
Massachusetts Auto Lender Alleges CCC Understates Total Loss Values
Boston news radio station reports allegations of systemic low valuations on total losses. Repair association hopes Division of Insurance examines shop and insurer estimating platforms. According to a report by Boston radio station WBUR, the Massachusetts Division of Insurance is investigating allegations by Source One Financial Corp., a Norwell, Mass. auto lender that CCC Information […]
Delaware Approved for Veteran Adjuster Licensing Reimbursement Program
Delaware Insurance Commissioner Trinidad Navarro announced that the Delaware Department of Insurance has been approved by the Department of Veterans Affairs for reimbursement of licensing test fees. Veterans that successfully pass the exams for Insurance Producer and Adjuster licenses will now be reimbursed those fees. “This is an exciting announcement for the Department of Insurance. […]
Michael Conway Appointed Interim Colorado Insurance Commissioner
The Colorado Department of Regulatory Agencies (DORA) Executive Director and Colorado Insurance Commissioner Marguerite Salazar announced that Michael Conway has been selected by Gov. John Hickenlooper to serve as interim Colorado Insurance Commissioner, effective January 1, 2018. As Insurance Commissioner, Conway will also head the Division of Insurance (DOI), part of DORA. Director Salazar, who […]
Veterans Can Be Reimbursed For Insurance Licensing Exam Fees in Connecticut
Part of national effort available in other states Connecticut Insurance Commissioner Katharine L. Wade yesterday announced that U.S. veterans applying for insurance licenses are eligible to be reimbursed for licensing exam fees. “We are honored to offer this service to our veterans working in the insurance industry in Connecticut. Under this program, veterans can be […]
California Adopts New Collision Repair Anti-Steering Regulations
According to Insurance Commissioner new rules prevent illegal steering and ensure unfettered consumer choice of repair shops and more timely damage inspections. Insurance Commissioner Dave Jones yesterday issued new anti-steering regulations covering insurance company interactions with consumers in need of collision repair that increase protections to prevent consumers from being misled or claims delayed when a […]
Erie Insurance Named a Consumer Friendly Company in New York State
Erie Insurance was one of only two companies recently commended by the New York State Insurance Department for having no consumer complaints filed against it regarding private passenger automobile insurance. The insurance department released its annual ranking of consumer complaints filed against private passenger automobile insurers doing business in the state. According to a statement […]