A life insurance company is interested in buying Shenandoah Life Insurance Co, which has been in receivership in Virginia since February 2009.

With hurricane season approaching, Virginia’s insurance commissioner is urging state residents to talk to their insurance agents and providers about coverage options, including the National Flood Insurance Program (NFIP).

Virginia insurance regulators say consumers with existing National Flood Insurance Program policies are covered, even though the program lost its federal funding March 28.

In light of military deployments nationwide, Virginia’s State Corporation Commission, through its Bureau of Insurance, is encouraging servicemembers to review their insurance coverage to ensure they and their families are properly protected.

While keeping a keen eye on the insurance industry in his home state, Virginia Insurance Commissioner Al Gross also has his sights honed on the global marketplace as well.

While the insurance industry in Virginia has changed since 1996, one thing has remained constant: Al Gross has been the state’s insurance commissioner.

In a move it hopes eases the worries of Shenandoah Life brokers and policyholders, Assurant Employee Benefits announced its intention to reinsure the majority of the company’s group insurance business.

The …  Read →

With two different insurance departments reviewing the surplus held by health insurer CareFirst, the hope is for one uniform determination.

As part of the Medical Insurance Empowerment Act of 2008, which …  Read →

While a number of his colleagues are exploring greater rules to force those who sell insurance to disclose their commissions, Virginia Insurance Commissioner Alfred W. Gross thinks regulations already in …  Read →

Update: Virginia ends moratorium on Shenandoah Life policy payments

Virginia’s insurance regulators have taken control of Roanoke, Va.-based Shenandoah Life Insurance Co. as the company struggles with finances.

Alfred W. Gross

On Thursday …  Read →