IFAwebnews » market conduct examinations

Calif. regulator accuses life insurer of trying to deny LTC benefits

Bob Graham — Fri, 23 Sep 2011 17:09:48 +0000

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.

Calif. regulator accuses life insurer of trying to deny LTC benefits via IFAwebnews.

Delaware Blues fined $325,000 for pre-authorization ‘deficiencies’

Bob Graham — Wed, 14 Sep 2011 10:40:41 +0000

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.

Delaware Blues fined $325,000 for pre-authorization ‘deficiencies’ via IFAwebnews.

Cigna to pay $1.2 million in fines, refunds for violations in N.C.

Bob Graham — Fri, 25 Mar 2011 16:36:56 +0000

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.

Cigna to pay $1.2 million in fines, refunds for violations in N.C. via IFAwebnews.

Anthem to pay $20 million to settle Colorado rate hike complaints

Bob Graham — Tue, 21 Sep 2010 09:55:12 +0000

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.

Anthem to pay $20 million to settle Colorado rate hike complaints via IFAwebnews.

Insurer pays $22,000 after Va. market conduct exam finds errors

Bob Graham — Wed, 16 Jun 2010 12:59:10 +0000

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.

Insurer pays $22,000 after Va. market conduct exam finds errors via IFAwebnews.

Maryland Insurance Administration moving toward target examinations

Bob Graham — Wed, 19 May 2010 14:40:58 +0000

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.

Maryland Insurance Administration moving toward target examinations via IFAwebnews.

Managed Health fined $1 million over Medicare agent licensing issues

Keith L. Martin — Fri, 30 Apr 2010 11:55:36 +0000

Failure to properly license its agents for Medicare Advantage business will cost a New York health provider a $1 million fine by state regulators.

Managed Health fined $1 million over Medicare agent licensing issues via IFAwebnews.

Mercury alleges political motive behind Calif. claims of overcharging

Keith L. Martin — Tue, 13 Apr 2010 11:50:40 +0000

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.

Mercury alleges political motive behind Calif. claims of overcharging via IFAwebnews.

GEICO units fined $177,500 for several violations of Connecticut law

Keith L. Martin — Mon, 12 Apr 2010 12:19:05 +0000

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.

GEICO units fined $177,500 for several violations of Connecticut law via IFAwebnews.

Weldin Stewart probing test denials as legislator questions her work

Keith L. Martin — Wed, 07 Apr 2010 13:47:57 +0000

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.

Weldin Stewart probing test denials as legislator questions her work via IFAwebnews.