Category: Insurance News

(Helena, MT – Insurance News 360) – Montana’s 2019 individual and small group insurance market rates are now available to the general public. Insurance Commissioner Matt Rosendale made proposed rates available to the public on June 28. There’s no change expected for 18,500 Montana residents covered by Blue Cross and Blue Shield of Montana plans…

(Saint Paul, MN – Insurance News 360) – Changes in federal law mean that many Minnesota seniors may need to find new Medicare Coverage if they are enrolled in a Cost Plan, in order to keep coverage for 2019. Due to a change in federal law, many Minnesota seniors with a specific type of Medicare…

(Sacramento, CA – Insurance News 360) – On June 28, the California Department of Insurance announced that four bills sponsored by Insurance Commissioner Dave Jones had passed the state’s Senate Insurance Committee. AB 1875 clarifies issues regarding extended replacement coverage (ERC) for wildfire survivors. ERC is offered by most insurance companies; it allows property owners…

(Sacramento, CA – Insurance News 360) – On June 19, the Appellate Court of Illinois issued a decision that denied Lumbermens’ Mutual Casualty Company the ability to use California workers compensation funds to reimburse overhead and administrative expenses connected to the company’s liquidation. Insurance Commissioner Dave Jones and the California Insurance Guarantee Association (CIGA) had…

(Salem, OR – Insurance News 360) – Oregon residents can look at the state’s  preliminary rate decisions for 2019 individual and small employer health insurance plans; official decisions on rates will come July 20. The preliminary rate decisions affect small businesses and individuals who buy their own coverage rather than getting it through an employer.…

(Oklahoma City, OK – Insurance News 360) – Oklahoma’s small business owners will now have more access to quality and affordable healthcare options. Insurance Commissioner John D. Doak is applauding the actions of the Trump Administration. “Under Obamacare, small business owners in our state have struggled to find affordable health insurance choices for their employees…

(Oklahoma City, OK – Insurance News 360) – The Oklahoma Office of Management and Enterprise Services (OMES) has awarded a contract for the new Oklahoma Compulsory Insurance Verification System (OCIVS). The new system, hosted by MV Solutions, Inc., will be overseen by the Oklahoma Insurance Department (OID). Senate Bill 115 gave OID authority over the…

(Raleigh, NC – Insurance News 360) – North Carolina Insurance Commissioner Mike Causey announced on June 27 that  legal dispute with between the state’s  Department of insurance and the North Carolina Rate Bureau has ended. The dispute centered on a proposal for an 18.9 percent dwelling insurance rate increase. Commissioner Causey has negotiated an almost…

(Raleigh, NC – Insurance News 360) – On June 27, North Carolina Insurance Commissioner Mike Causey announced that the state’s flourishing captive insurance program had an estimated $30 million impact on the state last year. “North Carolina’s captive insurance law, while providing for appropriate regulation, allows companies to form and operate their own insurance companies…

(New York, NY – Insurance News 360) – Euifax has signed consent orders with eight state banking commissioners which require the ompany to conduct risk assessment and implement board oversight of information security program audit and other functions. Financial Services Superintendent Maria T. Vullo today announced on June 27 that Equifax Inc. will to take…