Gov. Andrew Cuomo signs package enhancing mandatory settlement conferences, creates community restoration fund

Gov. Andrew Cuomo signs package enhancing mandatory settlement conferences, creates community restoration fund

(New York, NY – Insurance News and Markets) -A comprehensive package of legislation pieces in New York designed to combat “zombie properties’” effects on neighborhoods. This legislation package also establishes a consumer bill of rights to help homeowners to keep their homes. The package was part of the 2016 Legislative Session and imposes a pre-foreclosure […]

A workers compensation insurer owned by Berkshire Hathaway has been

A  workers compensation insurer owned by Berkshire Hathaway has been

(Sacramento, CA – Insurance News and Market) – California Insurance Commissioner Dave Jones recently announced a decision in a case involving a workers’ compensation insurer owned by Berkshire Hathaway that schemed to avoid regulatory review of rates and policy terms. The company in question, called California Insurance Company, filed a set of rates and insurance […]

Delaware Insurance Department releases 2017 health insurance rates

Delaware Insurance Department releases 2017 health insurance rates

(Dover, DE – Insurance News and Markets) – On Oct. 6, Delaware Insurance Commissioner Karen Weldin Stewart released the state’s  Qualified Health Plan average rates for 2017. She recommended approval of a 32.5 percent average rate increase in the individual market for Highmark Blue Cross Blue Shield of Delaware. The approved average rate increase for […]

NY Governor signs legislation to combat heroin, opioid crisis

NY Governor signs legislation to combat heroin, opioid crisis

(New York, NY – Insurance News and Markets) – In late June, Gov. Andrew M. Cuomo signed a comprehensive package of laws that limits opioid prescriptions to seven days and requires prescriber education on pain management. The package also increases the number of beds available for treatment by nearly 300 and adds more than 2,300 […]

California Insurance Commissioner praises veto of worker’s comp insurer legislation

California Insurance Commissioner praises veto of worker’s comp insurer legislation

(Sacramento, CA – Insurance News and Markets) – In October, California Insurance Commissioner Dave Jones had positive words to say for Governor Brown regarding his veto of Assembly Bill 1922. Assembly Bill 1922 would have decreased transparency and weakened protections for businesses of all sizes. It would have eroded recently updated California Department of Insurance […]

Nearly two dozen individuals charged in health care fraud

Nearly two dozen individuals charged in health care fraud

(Los Angeles, CA – Insurance News and Markets) –  late June, 22 individuals were named as defendants in healthcare fraud cases involving more than $161 million in fraudulent billing to government healthcare programs.  These individuals were charged in 13 federal cases, as part of a national health care fraud sweep. Several medical professionals were charged […]

FAIR Plan to refund consumers $350,000 over unfairly cancelled insurance policies

FAIR Plan to refund consumers $350,000 over unfairly cancelled insurance policies

(Boston, MA – Insurance News and Markets) – The Massachusetts Property Insurance Underwriting Association (FAIR Plan) will pay $350,000  to settle allegations of  impermissibly cancelled homeowners insurance policies between January 2010 and February 2014. The assurance of discontinuance notes that the FAIR Plan will pay $350,000 to settle allegations that it has been cancelling hundreds […]

Sanford Health Plan ordered to pay more than $20,000

Sanford Health Plan ordered to pay more than $20,000

(Bismarck, ND – Insurance News and Markets) – In late June, North Dakota Insurance Commissioner Adam Hamm announced disciplinary action against Sanford Health Plan. A consent order issued last month issues more than a dozen ads for Medicare supplement insurance products that the company did not file with the Department of Insurance over a five […]

Southern California facilities ordered to improve management of hazardous wastes, air emissions

Southern California facilities ordered to improve management of hazardous wastes, air emissions

(San Francisco, CA – Insurance News and Markets) – Two Southern California companies have settled with the Environmental Protection Agency (EPA) regarding claims that they had improperly handled hazardous waste materials. The EPA announced on Aug. 3 that Bachem Americas, Inc., and Crosby Overton, Inc., will pay penalties and emergency response assistance in excess of […]

Connecticut cardiologist charged with insider trading

Connecticut cardiologist charged with insider trading

(Washington, D.C. – Insurance News and Markets) – On Aug. 4, the Securities and Exchange Commission today charged Dr. Edward Kosinksi, a cardiologist from Weston, Connecticut, with insider trading on confidential developments as he worked on a clinical drug trial. The SEC alleges that Dr. Edward Kosinski of Weston, Connecticut, traded in advance of two […]