The California Insurance Department accused RiverSource Life Insurance Co. of unfair claims handling practices, including allegations that it developed practices designed to deny long-term care benefits to policyholders.
Delaware Insurance Commissioner Karen Weldin Stewart fined Blue Cross Blue Shield of Delaware $325,000 for “deficiencies” in its nuclear cardiac imaging testing pre-authorization process.
Cigna Healthcare of North Carolina agreed to pay more than $1.2 million in fines, refunds and credits to settle allegations of numerous violations state insurance regulators uncovered during a routine market conduct examination more than five years ago.
Anthem Blue Cross Blue Shield is going to pay $20 million back to about 90,000 policyholders in Colorado as part of a settlement of an investigation into rate increases on its individual health policies in the state.
Victoria Fire & Casualty Co. paid a $22,000 fine to Virginia insurance regulators, after a market conduct examination found it violated a number of state insurance regulations.
Beth Sammis, acting Maryland insurance commissioner, wants the Maryland Insurance Administration to employ more targeted examinations of insurer’s actions so it can address concerns more quickly and cost-effectively than with a full market conduct examination.
California’s insurance commissioner says one of the state’s largest property-casualty insurers “disregarded” state laws and may have illegally overcharged thousands for auto and homeowners’ insurance.
Four subsidiaries of property-casualty insurer GEICO, based in Maryland, were fined $177,500 by regulators in Connecticut for violations of state laws, ranging from improper rating to claims payment delays.
Amid a wave of criticism focused on her and the state’s insurance office, Delaware Insurance Commissioner Karen Weldin Stewart has announced a meeting to focus on denials of medically necessary tests by insurers.
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.