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.

Health insurer CareFirst and one of its regional subsidiaries do not have excessive surplus and efforts to divide those funds could prove detrimental, according to a new report.

A Pennsylvania insurance company’s financial reports – noting a 71% decrease in its policyholder surplus in the last year and nearly $111 million in net losses for the second quarter – have raised “substantial doubt about its ability to continue” to operate, according to Virginia insurance regulators.

The commissioner of the District of Columbia Department of Insurance, Securities and Banking has left office days before a public hearing on a health insurer’s surplus.

Thomas E. Hampton

The DISB …  Read →

Citing increased costs in health care, Blue Cross of Northeastern Pennsylvania is seeking regulatory approval for $13.4 million in premium increases, affecting 56,000 of its members.

The Wilkes-Barre, Pa.-based insurer’s request …  Read →

Hartford Financial Services Group will return $48.2 million in excess profits it earned on its workers’ compensation policies over a three-year period in a deal with Florida regulators.

Kevin McCarty

Florida …  Read →

A New York-based insurance company had its license to write policies in Virginia suspended.

Upper Hudson National Insurance Co. of Monticello, N.Y., failed to maintain its surplus at the $3 million …  Read →

Recognizing in part its “well-established market position as a leading excess and surplus lines company,” A.M. Best has reaffirmed the ratings of Glen Allen, Va.-based Markel North America Insurance Group …  Read →

With two different insurance departments reviewing the surplus held by health insurer CareFirst, the hope is for one uniform determination.

As part of the Medical Insurance Empowerment Act of 2008, which …  Read →

The clock is ticking for CareFirst to come up with a better way to expand coverage in the District of Columbia before legislators enact one for the health insurer.

Either outcome …  Read →