Category: Insurance News

(Frankfort, KY – Insurance News 360) – On Dec. 21, the Kentucky Department of Insurance Consumer Protection Division announced the return of more than $15 million in the year of 2017 to Kentucky residents, including more than $10.5 million in restitution through the work of DOI’s Market Conduct Branch, which examines insurance related businesses to…

(Tallahassee, FL – Insurance News 360) – On Dec. 21, the ? Florida Office of Insurance Regulation (Office), Florida Department of Financial Services, and the Florida Office of the Attorney General announced that  national life claim settlement agreements have been signed with State Fa?rm for $250,000 and Aflac? for $350,000. These settlement agreements facilitate the use of the Social…

(Bismarck, N.D. – Insurance News 360) – On Dec. 20, the North Dakota Insurance Commissioner announced recovery of more than $5.5 million in life insurance benefits for policyholders after examination of how more than two dozen insurers use the database of individuals who have died in the country, also known as the Social Security Administration’s…

(Oakland, CA – Insurance News 360) – In late December, the U.S. District Court for the Northern District of California granted a preliminary injunction in the case of State of California v. Wright. This decision is the second ruling against the Trump Administration’s regulations to allow employers not to cover contraceptives against the mandate of…

(New York, NY – Insurance News 360) – On Dec. 18, Governor Andrew Cuomo announced a proposal that makes county-wide shared services panels permanent and that the state would provide $225 million in funds to match the savings from those plans. “This year, we made unprecedented advancements in providing real, tangible savings for property taxpayers…

(Little Rock, AR – Insurance News 360) – On Dec. 21, Arkansas Insurance Commissioner Allen Kerr announced that Tower Hill Signature Insurance, a company based in Florida, gained authority to sell residential property insurance in Arkansas. “I am proud to welcome Tower Hill Signature Insurance to Arkansas and give Arkansas homeowners more options to protect…

(New Castle, DE – Insurance News 360) – Even with the challenges to enrollment, nearly 25,000 Delaware residents signed up for insurance coverage on the Delaware Health Insurance Marketplace for plan year 2018. This represents a 10 percent decrease from the 27,584 enrollment of 2017. In a six week time frame ending Dec. 15, a…

(Washington, D.C. – Insurance News 360) – On Oct. 19, 2017, the District of Columbia Department of Insurance, Securities and Banking (DISB) approved 2018 health insurance plan rates for DC Health Link, which is the District of Columbia’s health insurance marketplace. Since May, DISB has been reviewing initial rates filed by the insurers. Two insurers…

(Sacramento, CA – Insurance News 360) – In late December, California Insurance Commissioner Dave Jones sent a request to insurance companies to provide relief from the requirement that claimants provide a full home inventory, and provide up to 100 percent of personal property coverage limits without that inventory document. “These families have endured unimaginable loss…