In response to the State of Emergency declared July 9 by Vermont Governor Phil Scott following heavy rains and anticipated floodings, the Commissioner of the Department of Financial Regulation announced that the Department is allowing property and casualty insurance carriers to use individual adjusters not licensed in Vermont. Guidance on the use of adjusters not […]
AASP/NJ Questions State Department of Banking and Insurance Role in Consumer Protection, Asks Repairers to Share Concerning Stories
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) is questioning the role of the New Jersey Department of Banking and Insurance (DOBI) which is supposed to regulate the insurance industry and protect consumers given the amount of insurance company abuse experienced by its members.. A recent article in New Jersey Automotive, the official […]
Consumer Group Says California Insurance Department Didn’t Follow Procedure When it Approved GEICO Auto Insurance Rate Hike
In a letter, Consumer Watchdog, the non-profit consumer and taxpayer advocacy organization alleged the California Department of Insurance recent approval of a $268 million increase in auto insurance premiums for GEICO customers didn’t follow the public participation requirements of Proposition 103. Overall, the 6.9% rate hike will impact 2.1 million GEICO policyholders who face an […]
Montana Insurance Commissioner Fines Four Dent Repair Companies
Out-of-state firms violated regulations prohibiting the waiving of insurance deductibles. Montana Insurance Commissioner Troy Downing fined four out-of-state vehicle dent repair companies for illegally waiving or offering to waive insurance deductibles. Montana law prohibits this practice because of concerns that dent repair companies overcharge insurance companies to recoup the loss of paying the deductible − […]
Adrienne Harris Named Superintendent of New York State Department of Financial Services
Former economic advisor to President Obama to become New York’s top financial and insurance regulator. New York State Governor Kathy Hochul announced that Adrienne Harris has been nominated to lead the New York State Department of Financial Services as its next Superintendent. Formerly a top economic advisor to President Obama, Ms. Harris will become the […]
AASP/NJ to Host Virtual Discussion March 18 on Understanding the Division of Insurance
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) will host a virtual meeting, Understanding the Role of the Division of Insurance, on Thursday, March 18 at 6:30 p.m. via Zoom. AASP/NJ welcomes attorney Patrick J. McGuire, Esq., who will discuss how the Division of Insurance (DOI) can impact issues between consumers, repair facilities […]
New York Department of Financial Services Fines Allstate, State Farm, AIG, and Tri-State Insurance Companies $2.1 Million
Allstate and State Farm also pay $10.6 million in restitution to consumers. New York State Superintendent of Financial Services Linda A. Lacewell announced that the Department of Financial Services (DFS) has fined Allstate Insurance Group, State Farm Insurance Group, AIG Property Casualty Company, and Tri-State Consumer Insurance Company a combined $2.1 million for violations of […]
California Towing Company Owners Alleged Part of Insurance Fraud Scheme
Towing company owners Bandar “Charlie” Albadawi, 57, and Sleiman “Slim” Zeinaty, 59, along with their employee Shelley Blowers, 50, were arrested on multiple felony counts of insurance fraud and filing false documents after allegedly altering tow records to further a client’s false insurance claim. Albadawi and Zeinaty are co-owners of All Desert Towing, a commercial […]
Jose Hermida Named Leader of New SCA Appraisal Department of Insurance Re-inspection Unit
In response to the growing demand of insurance carrier clients for Department of Insurance (DOI) re-inspections and regulatory compliance, SCA Appraisal has launched a newly-formed DOI Customer Success Unit (DOI-CSU). Jose Hermida, who has been servicing SCA clients for over 20 years, will be leading the new DOI- CSU program. “The regulatory environment in some […]
Veterans in Texas Can Now Be Reimbursed for Insurance Exam Fees
Veterans who passed any Texas insurance exam since early 2019 can now get reimbursed for the fee and military spouses licensed out-of-state will have fees waived. “We’re grateful to Veterans Affairs for approving our request,” said Insurance Commissioner Kent Sullivan. “This is a small way to honor those who have served our country, and we’re […]