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Coverage:
Accidental Death & Dismemberment Insurance
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OR
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additional states will be reviewed
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New Hampshire Insurance Department signs agreement with MetLife
By Robert Bolognia
New Hampshire Insurance Department, along with other lead states, has signed a multi-million dollar settlement agreement with Metropolitan Life Insurance Company (MetLife) and its associates.
OFIR suspends insurance license of Traverse City agent for misappropriation
By Tom Passirrio
The Office of Financial and Insurance Regulation (OFIR) announced that it has suspended the insurance license of independent agent William Lowder from Traverse City after misappropriating $500,000 from an elderly woman.
Commissioner Jones announces passage of SB 1448
By Gustav Hermand
The California Senate Committee on Insurance has agreed to pass SB 1448 which aims to update California law to conform with the recent amended to the National Association of Insurance Commissioners (NAIC) Holding Company System Regulatory Act.
Montana’s CSI launches new health insurance handbook
By Eric Rossiti
The Office of the Commissioner of Securities and Insurance in Montana has launched a new health insurance handbook, an everyday guide for typical insurance FAQs.
NAIC hosted transatlantic insurance meetings
By Jack McIntire
Insurance regulators in the US have joined with several industry leaders, federal officials and their European colleagues in attending transatlantic insurance meetings aimed at enhancing the cooperation and understanding of the regulatory bodies responsible for the world’s two biggest insurance market.
Humana Insurance to give refunds to Missouri health care providers
By Robert McKinley
Humana Insurance Co. and Humana Health Plan LLC, one of the largest insurance companies in the US, has agreed to refund over $600,000 to Missouri health care providers after it improperly collected refunds from several doctors and healthcare providers.
Commerce Department, local law enforcement team up for auto theft program
By Tom Scotts
The Minnesota Department of Commerce announced the continuation of its successful partnership with the local law enforcement agencies in implementing the Auto Theft Prevention Grant Program.
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Hallmark Roofing owners arrested for fraud
Patrick Jonson
|
05-13-2012
Owners of California roofing company, Hallmark Roofing, Inc, were arrested on 29 counts of felony including the Workers' Compensation Insurance Premium Fraud under the Insurance Code Section 11880.
Texas Department of Insurance to reorganize the TWIA
Robert Bolognia
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05-11-2012
The Texas Department of Insurance (TDI) announced that a Request for Proposal (RFP) has been issued to hire a consultant that would explore the possible options of reorganizing the Texas Windstorm Insurance Association (TWIA).
NCOIL exploring new approach to address lenders’ concerns
Tom Passirrio
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05-11-2012
Lawmakers at the Spring Meeting of the National Conference of Insurance Legislator (NCOIL), which was held on February 24–26, 2012 in Biloxi, Mississippi, have agreed to explore a new approach that would see how policyholders like property developers and contractors could prove that they have ...
MetLife signs multi-million dollar settlement with DOI
Gustav Hermand
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05-10-2012
Metropolitan Life Insurance Company (MetLife) and its insurance associates has agreed to pay over $500 million in life insurance benefits after it signed a multi-million dollar settlement agreement with a six-state task force headed by the Illinois Department of Insurance (DOI).
KPS Health Plans to issue refunds
Eric Rossiti
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05-10-2012
Bremerton-based health insurer company KPS Health Plans will give thousands of dollars of refund to customers after committing billing errors.
Metropolitan Life Insurance Group has exceeded Insurance Financi...
Dan Soltzin
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04-25-2012
The Federal Reserve issued a statement regarding the strength of leading US financial companies and MetLife featured on the list. Although MetLife, Inc. is considered as a bank holding entity, on the other hand conducts most of its operations through insurance subsidiaries such as Metropolitan...
Lloyd’s Market Still Strong Despite a Year of Catastrophe
Patrick Johnson
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04-25-2012
2011 has been one of the difficulty times for the insurance industry as it shows the fierceness of nature. This is a year which witnessed a series of devastations from the Cyclone Yasi, which destroyed Queensland, through the earthquakes that damaged Christchurch to destructions by earthquakes...
A Tour of the Greater New Orleans Levee System Spearheaded By Co...
John Smith
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04-25-2012
Insurance executives were taken on a seven hour tour of levee system referred to as the Greater New Orleans Hurricane and Storm Damage Risk Reduction System- HSDRRS. The commissioner of insurance Jim Donelon has shown what efforts had been done for the Federal hurricane mitigation.
Annuities More Available to Workers under New Fed Proposals
News Staff
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04-24-2012
New options for accessing annuities and taking on lifetime retirement security issues will be easier under several steps taken recently by the United States Treasury and Labor Departments; this according to the American Council of Life Insurers (ACLI).
Department of Insurance Save Consumers $11.6 Million
News staff
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04-24-2012
Ohio Department of Insurance reclaimed about $11.6 million for consumers in 2011. That announcement was made recently by Lieutenant Governor and Insurance Director Mary Taylor. This amount was realized in part thanks to the 5,336 consumer complaints the department received throughout the year,...
Childhood Lead Screening test to get a fix by Excellus Bluecross...
News Staff
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04-24-2012
Excellus Bluecross Blueshield, an independent nonprofit Licensee of BlueCross BlueShield Association was accused by Attorney General Schneiderman's Health Care Bureau for denying coverage for hundreds of childhood lead test claims from august 2009 to September 2011.
Expired AB 2029 Bail Fugitive Recovery Persons Act to get Re-Est...
News Staff
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04-24-2012
Now the bail fugitive person should meet criteria, while being out in the field, the person should be eligible by meeting specific education, conduct and notice. The bill that receives positive applaud by the Insurance Commissioner Dave Jones, would help "Bail Fugitive Recovery Persons Act" to...
Indictments Issued in Fraud Investigation Case
News Staff
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04-19-2012
Two former Ohio insurance agents are under indictment following a joint investigation between the United States Department of Labor, the Department of Insurance, and the Ohio State Auditor of State. The indictments were brought against Van Workman, president of Mansfield-based Employer Benefit...
Trade Liberalization Encouraged Through Initiative
News Staff
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04-19-2012
A joint effort between the Canadian Life & Health Insurance Association (CLHIA) and the American Council of Life Insurers (ACLI) was launched recently in an attempt to encourage trade liberalization and streamline the regulatory process prior to Canada’s admission into the Trans-Pacific Partne...
Foreign Investment Litigation Settled with California Department...
News Staff
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04-19-2012
The insurance trade associations named as “real parties of interest” in Insurance Commissioner Steve Poizner v. Office of Administrative Law recently made a statement before the Superior Court of Los Angeles of the State of California. The five trade associations mentioned in the proceeding we...
Multi-State Effort on Climate Risk Survey Announced
News Staff
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04-19-2012
California, Washington State and New York are joining forces administer the Climate Risk Survey. The states are teaming up in an effort to maintain state-to-state continuity.
Bipartisan Legislation Aimed at Protecting Consumer Access
News staff
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04-17-2012
House Judiciary Committee members Darrell Issa (R-Ca.) and Zoe Lofgren (D-Ca.) received complimentary comments from the Property Casualty Insurers Association of America (PCI) recently for their roles in introducing H.R. 3889, the Promoting Automotive Repair, Trade and Sales (PARTS) Act. The l...
New Book on Insurance Regulation Offered by Lloyds
News Staff
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04-17-2012
A recently published book represents a significant addition to the information available regarding international insurance law and regulation. The announcement was made in February by Lloyd’s, the world’s specialist insurance market.
Settlement Reached in ‘Death Master’ Case
News Staff
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04-17-2012
"Our Death Master investigation exposed life A multi-million dollar settlement has been negotiated between Prudential Insurance Company and the California Department if Insurance (CDI), and includes the states of Florida, Illinois, New Hampshire, North Dakota, Pennsylvania and New Jersey. Acco...
Workers’ Compensation Costs Drop in Pennsylvania
News Staff
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04-11-2012
Many employers across the state of Pennsylvania will get a little relief thanks to a recent drop in workers’ compensation costs. The Pennsylvania Insurance Department recently OK’d a 5.7 percent reduction in overall workers’ compensation costs. The move should result in $160 million in savings...
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