All the headlines from our Utah Topic Page, ordered by recency.
Feb 10 2003 // S&P’s lowered its counterparty credit and financial strength ratings on Iowa-based Farm Bureau Mutual Insurance Co. (Farm Bureau) and Western Agricultural Insurance Co. (Western Agricultural) to...
Jan 22 2003 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Iowa-based Farm Bureau Mutual Insurance Co. (Farm Bureau) and Western Agricultural Insurance Co. (Western Agricultural) to...
Jan 7 2003 // A.M. Best Co. announced that it will add the state of Utah to its monthly publication of Best’s State Rate Filings.The publication helps professionals track and monitor insurance company rate-filing activity in key...
Nov 8 2002 // Ogden, Utah resident Robert Paul Martinez, 30, was recently sentenced to 180 days in jail for insurance fraud.Second District Court Judge Ernie W. Jones sentenced Martinez Oct. 16, 2002, on charges of workers’...
Nov 7 2002 // Iowa and Utah have adopted consumer privacy regulations that closely follow a National Association of Insurance Commissioners’ (NAIC) model.National Association of Independent Insurers (NAII) Counsel Ann Weber...
Sep 16 2002 // Outrageous! A travesty of Justice! Should be reversed! Both sides have probably said that at one time or another as the case of Campbell vs. State Farm worked it’s way through Utah’s court system, culminating...
Aug 29 2002 // A.M. Best Co. has reaffirmed Salt Lake City, Utah-based Workers Compensation Fund (WCF)’s ‘A-minus’ (excellent) rating. According to A.M. Best, WCF’s ‘A-minus rating’ reflects the mutual...
Jul 16 2002 // Zions Bank, a subsidiary of Zions Bancorporation, and Grant-Hatch & Associates, Inc., a Salt Lake City-based insurance agency, announced an agreement has been signed under which Zions will acquire Grant-Hatch. Under...
Jul 11 2002 // The Utah Insurance Department will hold a public meeting Wednesday, July 31, to discuss the testing program for insurance licenses. Officials from the Department and representatives of Experior AssessmentsTM, LLC and the...
May 6 2002 // Utah’s new law restricting insurers’ use of credit-based insurance scores to “initial underwriting” and discounts will take effect May 6. The state Insurance Department has asked insurers to comment...
Mar 26 2002 // Utah Gov. Michael Leavitt is being asked to veto House Bill 342, which states insurers must pay a rental car company for the diminished value of a rented vehicle that is damaged. HB 342 is unnecessary and redundant since...
Mar 18 2002 // Insurers’ major efforts in the recently concluded Utah legislative session were devoted to benefiting consumers by preserving the use of credit-based insurance scores and to soften harmful aspects of other bills....
Mar 13 2002 // The Utah Legislature has passed a bill aimed at protecting consumers who depend on structured settlements, becoming the first state this year to do so, according to the Alliance of American Insurers. Five other states are...
Mar 11 2002 // Legislative action was completed March 6 on Utah House Bill 110 after the bill was amended to allow insurers to use credit-based insurance scores for initial underwriting in auto insurance. On rates, the bill still allows...
Mar 4 2002 // A state Senate committee approved on Feb. 27 House Bill 110, which would allow insurers to use credit-based insurance scores only to provide discounts to their auto insurance customers. The Senate Transportation and Public...
Feb 8 2002 // The Utah House passed a bill Feb. 5 allowing insurers to use credit-based insurance scores only to give their customers discounts.“By requiring insurers to use insurance scores only to provide premium discounts and...
Jan 29 2002 // A bill prohibiting auto insurers’ use of credit-based insurance scores was modified in a House committee today to say such scores cannot be the “primary” reason for any action by the insurer. The bill...
Jan 22 2002 // The Utah Insurance Department is proposing to change its privacy regulation so that a third party involved in an insurance claim will be classified as a consumer rather than a customer of the insurer. “Without this...
Jan 21 2002 // According to the National Association of Independent Insurers (NAII), although the credit-scoring issue is lurking in the background, few bills of major insurer interest are definitely set yet for the Utah legislative...
Nov 13 2001 // A Utah Supreme Court decision reinstating a $145-million punitive damages award against State Farm Mutual Automobile Insurance Co. in a bad-faith case also upheld “irrelevant” admission of evidence that...