Latest Department of Insurance Headlines

All the headlines from our Department of Insurance Topic Page, ordered by recency.

Missouri Joins Other States in Barring Insurers’ Use of Price Optimization

Jan 25 2016 // In mid-January, the Missouri Department of Insurance issued a bulletin to insurers reminding them that the rating practice generally known as “price optimization” is prohibited in the state.“Price...

Obama Nominates South Carolina Insurance Head to NARAB Board of Directors

Jan 25 2016 // President Barack Obama has nominated South Carolina Department of Insurance Director Raymond G. Farmer to serve as a member on the Board of Directors of the National Association of Registered Agents and Brokers (NARAB) for...

Kentucky Health Cooperative Placed in Liquidation

Jan 20 2016 // Citing the need to preserve remaining assets, the Kentucky Health Cooperative (KYHC) was placed in liquidation Jan. 15 at the request of the Kentucky Department of Insurance. The order was signed by Franklin Circuit Judge...

Obama Nominates South Carolina Insurance Head to NARAB Board of Directors

Jan 19 2016 // President Barack Obama has nominated South Carolina Department of Insurance Director Raymond G. Farmer to serve as a member on the Board of Directors of the National Association of Registered Agents and Brokers (NARAB) for...

Missouri Insurance Director: Price Optimization Violates Missouri Law

Jan 13 2016 // The Missouri Department of Insurance has issued a bulletin to Missouri insurers reminding them that the rating practice generally known as “price optimization” is prohibited in the state.“Price...

2 North Carolina Residents Accused of Accused of Insurance Fraud

Jan 7 2016 // North Carolina Insurance Commissioner Wayne Goodwin announced the arrests of Dewayne Dudley of Bayboro and Elegant Adele Jackson of Havelock. They are both charged with one count each of insurance fraud and attempting to...

North Carolina Man Charged with Insurance Fraud Over Stolen Boat Claim

Dec 1 2015 // North Carolina Insurance Commissioner Wayne Goodwin announced the arrest of William Nathan Spaulding, 38, of Lake Waccamaw; he is charged with one count each of insurance fraud, obtaining property by false pretense and...

Ohio Working with Active Military, Veterans on Insurance Careers

Nov 18 2015 // Ohio Lieutenant Governor and Insurance Director Mary Taylor is urging Ohioans who are members of the military — both actively serving and veterans — to consider a career in insurance. The state is offering free...

Illinois Department of Insurance Reports ‘Inadvertent Data Release’

Nov 15 2015 // The Illinois Department of Insurance (DOI) reported that it mistakenly allowed the Social Security numbers of some health care providers to be posted publicly.The DOI said it learned on Nov. 9 of an inadvertent data...

Delaware Officials Say Several Insurers Received Fraudulent Invoice

Nov 12 2015 // The Delaware Department of Insurance issued a bulletin to all insurance carriers doing business in Delaware, warning them to look out for deceptive invoices. The bulletin No. 80 (“Deceptive Solicitation From...

North Carolina Department of Insurance Opens Charlotte Regional Office

Oct 12 2015 // North Carolina Insurance Commissioner and State Fire Marshal Wayne Goodwin and fire service representatives opened the N.C. Department of Insurance Charlotte Regional Office Oct. 8.The office will provide Department of...

Delaware Bans Use of Price Optimization in Insurance Pricing

Oct 6 2015 // Delaware has issued a bulletin prohibiting the use of price optimization in insurance pricing.The Delaware Department of Insurance said in its Bulletin No. 78 on Oct. 1 that “while price optimization has no...

Texas Department of Insurance Actuary Wins National Award

Oct 5 2015 // Mike Boerner, director of the actuarial office for the Texas Department of Insurance (TDI), is the 2015 recipient of the Robert J. Myers Public Service Award from the American Academy of Actuaries. The award will be...

Connecticut Insurance Dept. to Play Key Role in Proposed Anthem/Cigna Merger

Oct 5 2015 // Connecticut’s Department of Insurance is playing a major role in a deal that could create the nation’s largest health insurer, leading a 26-state review of Anthem Inc.’s proposed merger with Bloomfield,...

Louisiana P/C Commission: Worker’s Comp Market ‘Remains Competitive’

Sep 25 2015 // In its annual report to the Legislature for 2014-2015, the Louisiana Property & Casualty Insurance Commission noted that the workers’ compensation market in the state “remains competitive.” There were...

Tax Liens Against Ohio Insurance Agents Surpass $15M

Sep 24 2015 // Ohio Lieutenant Governor Mary Taylor announced that as of September 2015 the insurance agent tax lien program has collected or set-up payment plans totaling $15,149,631 in unpaid income tax, sales tax and workers’...

Delaware Regulators Recovered $995K for Consumers During 1st Half of 2015

Sep 22 2015 // Delaware Insurance Commissioner Karen Weldin Stewart and the Delaware Department of Insurance announced that the Department has recovered $995,558 for consumers during the first six months of 2015.The Delaware Department...

Louisiana Commissioner: Healthcare Connections Unrelated to Health CO-Op

Sep 10 2015 // Louisiana Insurance Commissioner Jim Donelon says Louisiana Healthcare Connections is open for business in the state and should not be confused with the Louisiana Health Cooperative, a struggling health maintenance...

North Carolina Man Accused of Defrauding Insurance Companies

Sep 4 2015 // North Carolina Insurance Commissioner Wayne Goodwin announced the arrest of William Jeffery Barnhardt, 65, of West End, Moore County; he is charged with two counts each of insurance fraud and obtaining property by false...

Delaware Compensation Rating Bureau Seeks Loss Costs Increase

Sep 3 2015 // The Delaware Compensation Rating Bureau (DCRB) announced that it has submitted to the Delaware Department of Insurance a filing of revisions to the state’s Residual Market Plan, voluntary market loss costs and...