Category: Insurance News

(Louisiana, LA – Insurance News 360) – On May 4, Insurance Commissioner Jim Donelon made a reuet to the Federal Emergency Management Association to give Louisiana policyholders affected by the August 2016 flood more time to file their proof of loss statements. Typically, the deadline is 60 days after the incident. The requested extension would…

(New York, NY – Insurance News 360) – Governor Andrew M. Cuomo announced the initiatives to help New York residents with substance abuse issues in Long Island and New York City’s underserved communities. New regulations limit barriers to insurance coverage for addiction treatment and patient brokering. Cuomo made these announcements on Sept. 6, at the…

(Sacramento, CA – Insurance News 360) – Insurance Commissioner Dave Jones reached out to Sens. Lamar Alexander and Patty Murray to express concern over the instability in the individual health insurance market created by the uncertainty surrounding continuation of the Cost-Sharing Reduction payments (CSRs) provided for in the Affordable Care Act and actions taken by…

(Lewisburg, PA – Insurance News 360) – In late August, Acting Insurance Commissioner Jessica Altman urged Congress to include provisions specifically supporting private market residential flood insurance in the reauthorization of the National Flood Insurance Program (NFIP), set to expire on September 30. “The Wolf Administration has been educating homeowners, renters and condo owners concerning…

(New York, NY – Insurance News 360) – Financial Services Superintendent Maria T. Vullo Exercises Her Authority to Expand the Scope of an Independent Review and Issues Surrender Order Imposing Conditions for the Orderly Wind Down of Habib’s New York Branch New Consent Order Follows a 2016 Examination Finding Continued Weaknesses in the Bank’s Risk…

(Concord, NH – Insurance News 360) – If the rate proposal to the New Hampshire Insurance Department for a 13.3 percent reduction of voluntary loss costs is approved. This cost is the part of an insurance premium that pays for work-related injuries, and is wat insufrefrs use to set rates and premiums in the voluntary…

(Bismarck, N.D. – Insurance News 360) – On Dec. 21, 2017, Insurance Commissioner Jon Godfread announced that veterans who have taken any of the nine North Dakota insurance producer exams after June 1, 2017, may be reimbursed for their exam fee. This reimbursement comes from a partnership between the North Dakota Insurance Department and the…

(Sacramento, CA – Insurance News 360) – With the elimination of the federal income tax deduction for losses due to disasters, the California Insurance Department has announced that they believe it victimizes the survivors who have already dealt with disaster-related losses. Between 2000 and 2013, there were 16 major disaster declarations in California and five…

(Jefferson City, MO – Insurance News 360) – Missouri residents can now get a glimpse at the 2018 health insurance rates in the state. State Insurance Director Chlora Lindley-Myers announced the frel9ease of these rates, the first under the health insurance  rate review passed in 2016, on Sept. 1   “While our review process is still…

(Lansing, MI – Insurance News 360) – On Sept. 1, the Michigan Department of Insurance and Financial Services (DIFS) announced that consumers will continue to have a choice of many insurers offering health insurance through the Marketplace for the 2018 plan year. “Despite the uncertainty at the federal level, Michigan still has a number of…