Senate insurance committee passes Commissioner-sponsored bills to protect residents

(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 […]

Illinois court denies failed insurer’s use of California special deposit funds for administrative expenses

(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 […]

Preliminary rate decisions for 2019 health plans released; rates expected July 20.

(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 Insurance Commissioner Doak Supports Trump Administration Expansion of Small Business Owners’ Health Insurance Options

(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 […]

Dwelling insurance rate dispute settled

(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 […]

North Carolina captive insurance program had $30 million impact in 2017

(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 Department of Financial Services takes action against Equifax for 2017 data breach

(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 […]

New York Governor takes action to protect consumer information from credit reporting companies

(New York, NY – Insurance News 360) – Governor Andrew M. Cuomo announced that credit reporting companies are now required to register with the Department of Financial Services to comply with the state’s cybersecurity regulations. To protect New York residents from data breaches at credit reporting agencies, a new regulation will require these agencies to […]