The end of 2009 was supposed to bring a final determination by Washington, D.C.’s insurance regulators on whether the reserves of a CareFirst subsidiary were “unreasonably large,” as defined by law. Instead, the review will continue into this year.

Gennet Purcell was confirmed as commissioner for the District of Columbia Department of Insurance, Securities and Banking (DISB), following a unanimous vote by the D.C. Council.

A little less than a week before it was to decide whether the reserves of a CareFirst subsidiary is “unreasonably large,” Washington, D.C., insurance regulators are delaying their final verdict until the end of December.

The Maryland Insurance Administration recently ruled that CareFirst of Maryland Inc. and Group Hospitalization and Medical Services Inc. met their obligation to spend on “public interest” efforts last year.

Thomas E. Hampton, the “former” commissioner of the D.C. Department of Insurance, Securities and Banking (DISB), was apparently fired this week after working in the District’s agency for 21 years, …  Read →

The commissioner of the District of Columbia Department of Insurance, Securities and Banking has left office days before a public hearing on a health insurer’s surplus.

Thomas E. Hampton

The DISB …  Read →

CareFirst and officials in Washington, D.C., will be working hard this summer to finalize details on open enrollment and reserves issues.

Thomas E. Hampton

The D.C. Council approved a pair of …  Read →

Rather than create a new open enrollment program, health insurer CareFirst and Washington, D.C., lawmakers are working on alternatives to meet the requirements of a law passed last year to …  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 →

The clock is ticking for CareFirst to come up with a better way to expand coverage in the District of Columbia before legislators enact one for the health insurer.

Either outcome …  Read →