In what is likely to be his last act as Maryland’s insurance commissioner, Ralph S. Tyler has ruled that the reserve levels of two CareFirst subsidiaries “are neither unreasonably large nor excessive.”
Much like Goldilocks, when it comes to assessing its hundreds of millions of dollars in reserve funds, regional insurer CareFirst feels it is not too big, nor too small, but just right.
Virginia’s State Corporation Commission has issued a consent order finalizing its participation in a global settlement involving RBC Capital Markets Corp.
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.