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 […]

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 […]

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 […]

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 […]

Fewer Small Employers Offering Health Coverage; Large Employers Holding Steady

Fewer Small Employers Offering Health Coverage; Large Employers Holding Steady

(Washington, DC – Insurance News and Markets) -According to an Employee Benefit Research Institute piece published last month, fewer small employers are offering health insurance to their employees, but the number of large employers are remaining steady. Employers with more than 1,000 employees and those with 100-999 employees have remained steady in offering health insurance. […]

Ford Escape improves in safety tests

Ford Escape improves in safety tests

(Arlington, VA – Insurance News and arkets) – The 2017 Ford Escape has been given an acceptable rating by the Insurance Institute for Highway Safety’s challenging small overlap front test. Many attribute the changes to the structural changes introduced in the newest model. When the 2013 Escape was tested for small overlap protection, the structure […]

Recent Trends in Self-Employed Insurance by Firm Size

Recent Trends in Self-Employed Insurance by Firm Size

(Washington, DC – Insurance News and Markets) – In exploring trends in self-insured health insurance among private sector businesses that offered health plans, between 1996 and 2015, the Employee Benefit Research Institute sought to find out whether the Affordable Care Act could impact those trends. Key findings included that more private businesses offering health plans […]

Insurance Information Institute offers tips for car insurance shopping

Insurance Information Institute offers tips for car insurance shopping

(New York, NY – Insurance News and Markets)  – In the past few years, consumers have found that they are paying about 10 percent more for car insurance, and there are several reasons for this, according to the Insurance Information Institute (I.I.I). One factor is that there’s a stronger job market; this means more people […]