Blog

Cost of Non-Compliance

Stacey English & Susannah Hammond recently published a paper in which they wrote (and it bears repeating as they are so right): The costs and consequences of non-compliance within financial services firms are greater than ever before. The cost for firms of endeavoring to be compliant has been growing in line with the rapid rate […]

Plan For Market Conduct Exams

State insurance departments have been aggressive with market conduct examinations in personal lines (auto and homeowners). We have seen a marked uptick in the frequency of calls asking us to prepare researched responses to the market conduct issues and to negotiate with the examiners to minimize fines, as well as to temper the severity of […]

Transportation Network Companies (TNC) – New Laws

The pace of the enactment of new laws and regulations with respect to the operation of Transportation Network Companies is steadily advancing.  In the past several years, Transportation Network Companies (TNCs) have emerged where drivers use their personal vehicles to provide passengers a ride arranged through a smartphone App for a fee.  The person looking […]

Insurance Compliance Officers Take Heed of OFAC Mandates

Under a family of related federal laws intended to support U.S. foreign policy and national security goals it is a violation for an insurer to issue a policy, engage in a transaction (including receipt of premiums and payment of claims), or facilitate a transaction with an OFAC Target. These laws are administered by the Office […]

The Nash Group litigation management services.

The Nash Group provides litigation management services to insurance companies in all states where it is permitted to do so without being a licensed attorney. Ohio attorney Jeff Nash is also admitted to the practice of law in Georgia, where being a Georgia licensed attorney is required to litigation management services. Both Jeff and Nash Group Senior Attorney Karen Shaw honed […]

Difference between hurricane deductibles and wind deductibles

I have been asked:  “Is there a difference between a hurricane and a wind deductible in a homeowner’s insurance policy?”  The answer is, generally, with most homeowner insurance policies, YES, there is often a difference between wind deductibles and hurricane deductibles.  It depends on how the insurance policy describes the deductible.  The deductible is the […]

Insurance mailing rules for Cancellation & nonrenewal notice

In calculating the number of days for mailing notice of cancellation or nonrenewal, an insurer must add “mailing days” to the minimum number of days required as advance notice before the effective date. The number of days that must be added varies by state, and state specific research is needed to determine the requirements.  The general […]

Ohio Bad Faith Law

The following  summary on Ohio Bad Faith Law from attorney John H. Phillips (primarily a plaintiff’s counsel) of the Phillips Law Firm in Cincinnati, Ohio, was an interesting read in connection with a Continuing Legal Education course offered on OHIO INSURANCE BAD FAITH (this summary is not offered as legal advice and has not been reviewed […]

Big step in getting relief from Flood Insurance rate increases

Legislation to provide consumers relief from the planned National Flood Insurance Program rate increases has been approved by President Barack Obama. The new law will reinstate grandfathered rates, cap premium increases, and reform the FEMA flood mapping process. Nonetheless, I note the Wichita Eagle reports: “Thousands of Indiana homeowners who live in flood-prone neighborhoods are […]

Welcome to The Nash Group LLC blog!

Welcome to The Nash Group LLC blog, where I, Jeff Nash, will sporadically share ideas, information, activities and thought provoking quotes.