Category: Insurance News
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California Insurance Commissioner
(Sacramento, CA – Insurance News 360) – Commissioner Jones blasts Trump Administration rule interfering access to abortion, creating confusion that leads to loss of insurance On Jan. 4, California Insurance Commissioner Dave Jones sent a letter to the U.S Department of Health and Human Services opposing the proposed rule “Patient Protection and Affordable Care Act;…
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Report detailing analysis of climate risk exposure of insurers’ investments now available
(Sacramento, CA – Insurance News 360) – On Jan. 4, California Insurance Commissioner Dave Jones released the results of analysis of climate risk exposure faced by insurance industry investors. The climate risk scenario analysis, prepared for the Department by leading climate risk modeler 2° Investing Initiative, is the first of its kind to include analysis…
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Supreme Court denies review of decision upholding Commissioner’s Fair Claims Settlement Practices Regulations
(Los Angeles, CA – Insurance News 360) – A decade of legal battles over the implementation of the Unfair Insurance Practices Act (UIPA), the California Supreme Court denied review of the 4th Appellate District’s decision that upheld Commissioner Dave Jones’ Fair Claims Settlement Practices Regulations. The regulations detail how insurance claims must be processed, and are…
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California Insurance Commissioner estimates COIN impact investments could reach $29 billion
(Sacramento, CA – Insurance News 360) – Investments through the California Organized Invenstment Network (COIN) are expected to reach $29 billion by the end of 2018, according to California Insurance Commissioner Dave Jones. The report explains the program, which sources and structures financially sound investments for insurers. The expected outcome is based on prior data…
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California releases report on prescription drug costs and insurance costs
(Sacramento, CA – Insurance News 360) – On Jan. 2, the California Department of Insurance released the Prescription Drug Cost Transparency Report, which compiles information from nine health insurers about prescription drug coverage. The report includes information on prescription drugs dispensed at a plan pharmacy, network pharmacy, or mail order pharmacy for outpatient use, and…
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Job openings, hiring fall in November
(Washington, DC – Insurance News 360) – The U.S. Bureau of Labor Statistics’ Job Opening and Labor Turnover Survey for November revealed a drop to 6.9 million openings and a slight decrease in hires to 5.7 million, and a slight fall in quits to 3.4 million. Job openings dropped 243,000 to 6.9 percent on the…
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Arkansas residents see 10 percent increase in options to get insurance from agents and agencies
(Little Rock, AR – Insurance News 360) – From 2017 to 2018, the state of Arkansas saw an increase in insurance producers and adjusters – from 122,053 at the end of 2017 to 135,291 at the end of 2018. Arkansas Insurance Commissioner Allen Kerr announced this finding on Jan. 4. “I am very proud of…
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Enrollees with high deductibles engage more in healthcare than traditional plan enrollees
(Washington, D.C. – Insurance News 360) – The 14th annual survey of consumer engagement in health care shows that consumers are more cost-conscious and seek more information than in years past. The Employee Benefit Research Institute and Greenwald & Associates conducted a consumer engagement survey that looked at value-based health insurance design, growth of high…
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Two pharmacy benefit managers received licenses under the Arkansas Pharmacy Benefits Manager Licensure Act, which was signed into law on March 20, 2018.
(Little Rock, AR – Insurance News 360) – Arkansas Insurance Commissioner Allen Kerr made a statement on Jan. 7. “Thanks to the hard work of Arkansas Insurance Department staff, we are able to issue these first licenses for pharmacy benefit managers following the passage of the new law in March. This law protects Arkansas consumers…
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Consumer Price Index for Urban Consumers rises 2.3 percent from Sept. 2017- Sept. 2018
(Washington, DC – Insurance News 360) – The U.S. Bureau of Labor Statistics announced on October 15 that the consumer price index for all urban consumers (CPI-U) rose 2.3 percent; this is not seasonally adjusted. Food prices increased 1.4 percent, with prices for food consumed away from home increasing 2.6 percent. Food consumed at home…