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Kansas Regulator Rejects Audit Claiming It Has Cost the State $88.5 Million in Revenue
July 1, 2020 through Aug. 31, 2023, by the department were not in compliance with state law primarily because of a lack of an annual audit report from a certified public ...
Source: BestWire   Date: April 4, 2024
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Reinsurance in 2023 Driving Cypress' 18.7% Florida Homeowners Rate Hike
...Donnell said the June 1, 2023, renewal period was particularly difficult. "We do understand that it is difficult receiving price increases for your homeowners insurance. ...
Source: BestWire   Date: April 4, 2024
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Eighth Regional Insurer Approved for Florida Market
Citizens Property Insurance Corp., with 15.62% market share; Universal Insurance Holdings Group, 10%; State Farm Group, 6.68%; Florida Peninsula Group, 4.53%; and Tower Hill Group, ...
Source: BestWire   Date: April 3, 2024
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Model on Controversial Topic of Litigation Funding on Tap for NCOIL Spring Meeting
Spring 2024 national meeting. The meeting, to be held in Nashville, Tennessee, will begin April 11, with most of NCOIL's spring business to be conducted April 12-14. NCOIL Chief ...
Source: BestWire   Date: April 3, 2024
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California Congressmen Want Homeowners Tax Breaks for Nat Cat Mitigation
Mike Thompson and Rep. Doug LaMalfa, is intended to help address the ongoing insurance crisis in California and other states, as the rising frequency and intensity of natural ...
Source: BestWire   Date: April 2, 2024
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New York Expands Essential Health Plan for 100,000 More Low Income Residents
New York Health Commissioner James McDonald in a statement. The expansion will help qualified residents save an estimated $4,700 a year, compared to what they would have spent if ...
Source: BestWire   Date: April 2, 2024
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Connecticut Regulator Warns Insurers on Drone Adjusting
Insurance Association of Connecticut was not immediately successful. Building on a model bulletin adopted by the National Association of Insurance Commissioners in December, the ...
Source: BestWire   Date: April 2, 2024
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Bill Ending Louisiana Three-Year Rule Passes House Vote
The bills set an effective date of Jan. 1, 2025. In addition to the three-year rule repeal, Temple also called for a switch to a file-and-use system, which he said would modernize ...
Source: BestWire   Date: April 1, 2024
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Senators Again Seek to Reduce 'Ghost' Networks
Two Democratic U.S. senators have reintroduced a bill to crack down on health insurers' inaccurate and incomplete lists of behavioral health providers - so-called "ghost networks" ...
Source: BestWire   Date: April 1, 2024
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Colorado Farmers Jailed for Defrauding Crop Insurance Program
National Oceanic and Atmospheric Administration, it said. Esch covered gauges in southeastern Colorado with agricultural equipment, filled gauges with silicone to prevent them from ...
Source: BestWire   Date: April 1, 2024
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Tax Court Rules Again for IRS in Microcaptive Case
Patel controlled, Magellan Insurance Co., domiciled in St. Kitts, and Plymouth Insurance Co., domiciled in Tennessee. According to the decision, the premiums paid to the ...
Source: BestWire   Date: March 28, 2024
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Biden Administration Limits Terms of 'Junk' Insurance
White House said in a fact sheet. "That's why the Biden-Harris administration is issuing a final rule that protects consumers from junk health insurance and makes sure Americans ...
Source: BestWire   Date: March 28, 2024
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Florida Citizens Seeking More Funds for Legal Expenses
Citizens Property Insurance Corp. is going to its Board of Governors to ask for more. According to budget materials prepared for a March 28 Claims Committee meeting, Citizens staff ...
Source: BestWire   Date: March 27, 2024
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South Carolina Bill Would Require Life Insurers to Cover Embryos
Jermaine Johnson has sponsored H. 5275 to require coverage of embryos by any company selling individual or group life policies in the state. The bill was referred to the House ...
Source: BestWire   Date: March 27, 2024
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Insurer Doesn't Owe Coverage to Law Firm After Court Deadlocks
North Carolina Farm Bureau Mutual Insurance Co. over a law firm that used drivers' information to target ads to potential clients. The even split means the summary judgment decided ...
Source: BestWire   Date: March 27, 2024
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'Geico Giveback' Was Sufficient for Consumers, Court Says
Geico Giveback was good to go. Freeman ruled in favor of Geico Casualty Co. and other Geico units against a class of plaintiffs led by a California woman, Jessica Day, in a case ...
Source: BestWire   Date: March 26, 2024
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Medical Sales Rep, Pain Clinic Owner Sentenced in Health Care Fraud
Medicare and other health insurers, prosecutors said. Among those services was "nerve conduction testing" provided by a Huntsville-based electro-diagnostic testing company called ...
Source: BestWire   Date: March 26, 2024
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Alabama Bill Would Allow Farm Federation to Sell Association Health Coverage
Insurance Committee recently took up the measure, S.B. 232, which does not specifically identify which organization would qualify to provide coverage. It was plain that the target ...
Source: BestWire   Date: March 26, 2024
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5th Circuit Revives Suit Over COVID-Canceled SXSW
Chubb affiliate Federal Insurance Co. to recover its costs, including payments to ticket holders, attorneys, class representatives and others. A federal district court agreed with ...
Source: BestWire   Date: March 25, 2024
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Louisiana Bill to End Three-Year Rule Advances
The measure also awaits full senate action. Finally, S.B. 250 would prohibit lawsuits from naming a defendant's insurance company as one of the parties to a lawsuit if the ...
Source: BestWire   Date: March 25, 2024
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