Tuesday 11/24/09
NCOIL Property and Casualty Committee Approves Model Airbag Fraud Act
The National Conference of Insurance Legislators’ Property and Casualty Insurance Committee has passed the Model Act Regarding Auto Airbag Fraud. The model act was, however, amended to include restrictions on the use of salvage airbags as an option for airbag replacement. A permanent sticker must be placed on the dashboard of the vehicle stating that the vehicle contains a salvage airbag.
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GEICO Fined $30,000 by Minnesota Department of Commerce
Minnesota Commissioner of Commerce, Glenn Wilson, has issued a Consent Order to GEICO Insurance Company alleging that the company violated Minn. Stat. § 72A.201, subd. 6(2)(a) (2008). GEICO was ordered to pay a civil penalty of $30,000 and to cease and desist from any further violations of the Statute.
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Launch of Mitchell RepairCenter Leads to Record Sales at NACE
Mitchell International, Inc., a leading provider of information, workflow, and performance management solutions to the collision repair and P&C insurance claims industries, announced a record-breaking 35 percent increase in NACE trade show sales of its industry-leading collision repair solutions, including the new Mitchell RepairCenter™ Shop Workspace and ClaimTools™, Mitchell's ruggedized digital camera photo management solution.
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