The latest news for Maryland
U.S. Fidelity & Guaranty (USF&G), the Travelers Insurance Co. formerly based and still with offices in Baltimore, doesn’t have to pay a $30 million judgment in a trademark infringement case against one of its insured.
Only 2% of all eligible businesses have checked out so-called SHOP (Small Business Health Options Program) exchanges in the 15 states where they have been available since last October under the Affordable Care Act. Even fewer purchased policies.
Maryland Insurance Commissioner Therese M. Goldsmith announced approved premium rates for individual health insurance plans to be offered in the State for coverage beginning Jan. 1, 2015. Approved rate hikes for CareFirst companies were less than half of what was requested by the carrier, while rate reductions for other carriers were allowed.
Maryland farmers who signed up for an eligible crop insurance policy in 2014 will receive an additional automatic premium assistance (federal) credit of up to $225 per policy.
The U.S. Department of Health and Human Services (HHS) has approved a Pennsylvania plan to expand access to private health coverage rather than expanding Medicaid.
The U.S. systemic risk council will meet on Sept. 4 to discuss naming nonbank financial firms for tougher regulatory oversight, the U.S. Treasury Department said on Thursday.