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Will KBRA Rating Be Accepted By Freddie Mac?

  Frontline Insurance Co. has sparked confusion and concern from agents and insureds after the carrier last week sent out differing information about its financial rating agency. The potential good news for agents and policyholders: Freddie Mac, the quasi-government corporation that buys mortgages from smaller lenders, may have agreed to accept insurer ratings from KBRA,…

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460K Partial Social Security Numbers Mistakenly Released

  A county in Washington inadvertently released nearly half a million partial Social Security Numbers when responding to a routine public records request in December, according to county officials. The Pierce County Auditor’s Office, which mistakenly released the sensitive data, said in a news release that the human error was quickly spotted and that the…

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Allstate To Support Laid Off Tech Workers

  A company, Allstate Corp plans to tap the pool of recently fired tech workers to help the insurer overhaul its business. The company—best known for auto and home policies—is investing in technology including artificial intelligence and telematics, which sets premiums based on customers’ driving habits, to help it tap new clients and markets. Massive…

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Commissioner Fines Insurers, Producers

  Washington Insurance Commissioner Mike Kreidler issued fines in December totaling $55,500 against insurance companies, producers, brokers, and individuals who violated state insurance laws and regulations. See list of insurance companies that were fined LifeWise Assurance Co., Mountlake Terrace, Wash.; fined $25,000 LifeWise didn’t provide the required transparency tools for student insurance plans, failed to…

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