Category: Insurance News

(Harrisburg, PA  – Insurance News 360) – In October, Gov. Tom Wolf’s administration came to agreement with commercial insurers in Pennsylvania to align prior-authorization processes for opioid prescriptions to protect patient health and safety while ensuring patients have unrestricted access to medication-assisted treatment (MAT) when needed to battle opioid addiction. “It is vital we take all…

(Harrisburg, PA  – Insurance News 360) – In October, Gov. Tom Wolf’s administration came to agreement with commercial insurers in Pennsylvania to align prior-authorization processes for opioid prescriptions to protect patient health and safety while ensuring patients have unrestricted access to medication-assisted treatment (MAT) when needed to battle opioid addiction. “It is vital we take…

(Washington, DC – Insurance News 360) – The U.S. Bureau of Labor Statistics announced that several sectors have seen employment increases over the fiscal year ending September 2018. The mining and logging industries have seen the biggest gains of all between October 2017 and September 2018. Employment in this sector rose by 61,000, or 8.8…

(Ohio, OH – Insurance News 360) – In October, Jillian Froment, Director of the Ohio Department of Insurance, reported that average rate changes for the top 10 homeowners and private passenger auto insurance groups rose, but that those rates were far below the national average. Homeowners insurance rates rose 1.5 percent for the top 10…

(Washington, DC – Insurance News 360) – In September, the Federal Motor Carrier Safety Administration announced rules that allows people with an insulin regimen and properly controlled insulin-treated diabetes mellitus to drive commercial vehicles in interstate commerce. Before the new rule, individuals with insulin-treated diabetes mellitus were not allowed to drive commercial motor vehicles without…

(Sacramento, CA – Insurance News 360) – In September, California Insurance Commissioner Dave Jones sent letters to more than 50 California-licensed insurance company chief executives, asking them to increase the diversity of their governing boards. The letter also asked that each company give insight into a diversity policy for their company, or to develop strategy…

(OMAHA, Neb. – Insurance News 360) – In July, U.S. Secretary of Transportation Elaine L. Chao, Nebraska Sen. Deb Fischer, and Congressman Don Bacon announced the launch of a pilot program to allow 18-20 year olds with the U.S. military equivalent of a commercial driver’s license (CDL) to operate large trucks in interstate commerce. “This…

(Sacramento, CA – Insurance News 360) – On Oct. 4, California Insurance Commissioner Dave Jones issued a plea to insurers to volunatily provide up to 100 percent of contents coverage for 2018 wildfire survivors, without requiring a detailed home inventory. Insurance commissioner calls on industry to ease inventory requirement for  2018 wildfire survivors Jones asked…

(Washington, DC – Insurance News 360) – On May 31, the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) announced clarification to the longstanding 150 air-miles-of-service agricultural commodity exemption. The organization also explained more about the provision focusing on “personal conveyance.” The FMCSA published notices proposing regulatory guidance for use of personal conveyance…

(London, UK – Insurance News 360)- The interim report from Lloyd’s notes that the company has seen pre-tax profits of £0.6 billion and a 4.3 percent annualized return on capital. The company has also seen an investment return of 0.3 percent. This return to profit comes after a severe catastrophe experience in 2017. The company…