A coalition of Democratic senators in the Maryland General Assembly have proposed $827 million in tax increases, including the restoration of the state’s so-called millionaire’s tax, in their Maryland First plan.
Three bills introduced in the Maryland General Assembly, if passed, would be the first major steps toward implementing federal health reform in the state.
The new minimum liability limits for auto insurance in Maryland, which took effect Jan. 1, could spark calls to Maryland’s insurance agents, a trade group leader suggests.
While the People’s Insurance Counsel is ready to get back to work, a Maryland state delegate who proposed the elimination of the office still feels it is a “make-work program.”
The Maryland Insurance Administration is going to investigate if the Injured Workers Insurance Fund should pay premium taxes after the Towson, Md.-based workers’ compensation insurer’s attempt to convert to a nonprofit mutual insurance company failed.
Ocean City (Md.) Council members are considering asking the state to eliminate unemployment benefits to seasonal workers, a change that could affect a number of businesses across the state, according to advocates.
The leadership of the Injured Workers Insurance Fund has indicated its support for a proposal to convert the insurer from a quasi-state agency to a nonprofit mutual insurance company.
Last year, residents of Dundalk, Md., were deluged by an eruption in a 6-foot water main, sending hundreds of residents scrambling to their insurance companies for help. On Tuesday (Feb. 2), members of the Maryland House Economic Matters committee were soaked with opposition from insurance companies operating in the state to a bill mandating that they offer protection for such instances in the future.
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.