The New York State Insurance Department named a new general counsel to succeed Robert H. Easton, who departed the agency for a job in the private sector.
A U.S. senator is pointing to a $4.9 billion correction in regulatory filings by Aetna as another reason the nation needs “more transparency and accountability in the health insurance industry.”
Tampa, Fla.-based WellCare Health Plans has agreed to a $10 million settlement with the U.S. Securities and Exchange, regarding an informal investigation into its financial filings.
A change in location for the Maryland Insurance Administration will mean a change of address for insurance providers and producers to avoid improperly filing key documents.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.