The D.C. Office of the Inspector General is investigating the D.C. Department of Insurance, Banking and Securities’ use of department credits cards to purchase $13,000 in electronics and promotional merchandise.

New Washington, D.C., Mayor Vincent C. Gray named Bill White as his insurance commissioner, replacing Gennet Purcell.

Federal health reform could force CareFirst to dip deeper into its reserves than had been anticipated with Washington, D.C., officials began investigating its surplus two years ago.

Washington, D.C., insurance regulators are again delaying a decision on whether the reserves possessed by CareFirst’s District subsidiary, Group Hospitalization and Medical Services Inc., are excessive.

Following the lead of several states across the nation, Washington, D.C., has assembled a group of subject experts, including insurance, to help interpret the impact of the Patient Protection and Affordable Care Act.

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.

Thomas E. Hampton, the former commissioner of the District of Columbia Department of Insurance, Banking and Securities (DISB), has taken a job about two miles away from his old office.

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.

As New York works to finalize its own broker compensation disclosure rules, at least three mid-Atlantic states are also investigating the matter.

Wachovia Securities has finalized a deal with regulators in the District of Columbia on the repurchase of auction-rate securities to settle allegations the firm’s dealers misled investors about the safety of the market.