Calif. Amendments On Claims Handling 'Unfair'
NU Online News Service, May 10, 9:30 a.m. EST?The California Department of Insurance's proposed amendments to the state's fair claims settlements practices regulations exceed its authority and would prevent insurers from settling claims in a prompt, efficient, and fair manner, according to the National Association of Independent Insurers.
Sam Sorich, senior vice president and general counsel for the Des Plaines, Ill.-based association, voiced NAII's concerns about the proposed amendments at an insurance department hearing this week in San Francisco.
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