Selling insurance products across state lines, seen by many as an efficient way to improve health care across the nation, hit a roadblock in Virginia this legislative session as four bills approving such a measure failed to gain approval.

After another year of watching another set of bills mandating that insurers cover children with autism fail to become law, a Virginia agents’ group is considering a summit on the matter to try and find a solution.

The 2010 Insurance Day on the Hill will be held in Richmond Feb. 10 and 11. The annual event is a joint legislative program hosted by the Independent Insurance Agents of Virginia, the Virginia Council of the National Association of Insurance Women, the Virginia Association of Insurance and Financial Advisors (NAIFA-Virginia) and the Greater Richmond CPCU Society.

When the Virginia General Assembly reconvenes in Richmond Jan. 13, it could consider forcing agents to pay restitution to victims whose funds they misappropriated, as well as a number of other insurance bills.

New legislation, including companion bills affecting health insurance mandates, goes into effect in Virginia July 1.

The new law (HB 2024/SB 1411) allows health insurers to offer group health policies that …  Read →

Virginia Gov. Tim Kaine has signed legislation into law that requires private insurers to cover prosthetic devices.

Kaine, a Democrat, signed SB 1116 into law with a series of bills addressing …  Read →

Recent changes to a pair of “mandate light” health bills, proposed by Gov. Tim Kaine and approved by the General Assembly, could have interesting consequences for the insurance industry, according …  Read →