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Department of Insurance and Financial Services Helps Consumers Recover More Than $16.2 Million During 2020 Fiscal Year
Media Contact: Laura Hall, 517-290-3779, halll17@michigan.gov
FOR IMMEDIATE RELEASE: Dec. 17, 2020
(LANSING) The Michigan Department of Insurance and Financial Services (DIFS) helped recover more than $16.2 million for consumers during the 2020 fiscal year, which ended Sept. 30. DIFS’ Office of Consumer Services helped consumers recover $9 million in settled claims, waived fees, refunds, and other reimbursements from insurance and financial service companies and its Life Insurance and Annuity Search Service (LIAS) helped consumers locate another $7.2 million in unclaimed life insurance and annuity benefits.
“As a consumer protection agency, DIFS stands ready to help Michiganders resolve disputes and recover owed funds from their insurance agents or companies, banks, credit unions, and other financial services institutions,” said DIFS Director Anita Fox
Idaho Department of Insurance Director voted NAIC President-elect argusobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from argusobserver.com Daily Mail and Mail on Sunday newspapers.
KBRA Assigns Preliminary Ratings to Benchmark 2020-B22
KBRA Assigns Preliminary Ratings to Benchmark 2020-B22 Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 13 classes of Benchmark 2020-B22, an $814.2 million CMBS conduit transaction collateralized by 33 commercial mortgage loans secured by 44 properties. The collateral properties are located throughout 20 MSAs, the largest three of which are New York (37.2%), Salt Lake City (12.1%), Las Vegas (9.2%). The pool has exposure to all of the major property types, with the top three being office (38.1%), mixed-use (21.5%), and lodging (14.1%). The loans have principal balances ranging from $3.3 million to $80.0 million for the largest loan in the pool, The Grace Building (9.8%), which is secured by a 1.6 million sf, Class-A, LEED Gold certified office tower located in the Midtown neighborhood of New York Citys borough of Manhattan. The five largest loans, which also include MGM Grand &
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Dec. 16, 2020
Governor Ned Lamont today is congratulating Connecticut Insurance Commissioner Andrew N. Mais on his election as secretary treasurer of the National Association of Insurance Commissioners (NAIC). Commissioner Mais will assume his additional duties with the NAIC beginning January 1, 2021.
The NAIC is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia, and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S.
New Britain Herald
A man from Berlin was recently honored with the highest award in his industry.
Paul Lombardo, director of the Connecticut Insurance Department’s Life & Health Division, was the recipient of the Robert Dineen Award, presented by the National Association of Insurance Commissioners (NAIC) during its Fall National Meeting.
The Berlin resident told the Herald he has worked for the state since 1996 and was proud to accept this honor, which is the most prestigious award available to state insurance regulators.
“It’s very gratifying; I’m honored and very appreciative,” Lombardo said.
CT Insurance Commissioner Andrew Mais made the announcement following the meeting, where Lombardo was recognized along with two other insurance regulators from other states.