Missouri Department of Insurance News

Couch, Leung Named to Leadership Posts at Missouri Insurance Department

The Missouri Department of Insurance appointed two veteran regulators to key leadership posts. Carrie Couch has been named the acting director of the Consumer Affairs Division and William Leung has joined the Division of Insurance Company Regulation as the life …

Missouri Department of Insurance Recovers $16.1M from Insurers in 2013

The Missouri Department of Insurance announced it returned $16.1 million to consumers in 2013 after they filed a complaint against their insurance company. Record recoveries were recorded in 2011 when several natural disasters struck, including the Joplin tornado. The second-highest …

Missouri Certifies 2 Swiss Reinsurers

The Missouri Department of Insurance has approved two Switzerland-based reinsurers, Swiss Reinsurance Co. Ltd. and Swiss Re Corporate Solutions Ltd., as certified reinsurers in Missouri. The Swiss reinsurers are Missouri’s first certified reinsurers approved under House Bill 133, which took …

Missouri Department of Insurance Announces New Financial Regulation Leadership

The Missouri Department of Insurance announced that two veteran financial regulators have been appointed to new positions for the start of 2014. Leslie Nehring was appointed acting chief financial examiner for the Division of Insurance Company Regulation and John Rehagen …

Missouri Insurance Regulator Heese Receives NAIC Award

The National Association of Insurance Commissioners (NAIC) presented Fred Heese, director of the Missouri Division of Insurance Company Regulation and the state’s chief financial examiner, with the Robert Dineen Award, the Missouri Department of Insurance announced. Heese is the first …

Missouri Regulator Shaves Workers’ Compensation Loss Costs Hike to 10.1%

The Missouri Department of Insurance is recommending a 10.1 percent increase in workers’ compensation loss costs for next year, a lower increase than that suggested by the National Council on Compensation Insurance. The NCCI had recommended an 11.6 percent increase …

Missouri Insurance Department Returns $12.8M to Consumers

The Missouri Department of Insurance announced that consumers who filed complaints against their insurance companies received an additional $12.8 million in claim payments in the first three quarters of 2013. The recoveries already surpass last year’s annual amount of $11 …

Missouri Insurance Department Adds Lederer as Property/Casualty Actuary

The Missouri Department of Insurance announced that Julie Lederer has joined the department as the appointed Missouri property/casualty actuary. Lederer will support the Divisions of Insurance Company Regulation and Insurance Market Regulation. The Notre Dame graduate previously served as a …

More than $10M Returned to Missouri Consumers in First Half 2013

Consumers who filed complaints with the Missouri Department of Insurance received $10.1 million in additional claim payments from their insurance companies in the first half of 2013, the department said. That’s nearly twice the amount consumers received at this time …

Missouri Settles with Major Health Insurer over Claim Denials

Missouri insurance regulators announced a million-dollar settlement with a major health insurer over alleged violations that include denying childhood immunization and cancer screening claims. The Missouri Department of Insurance settled with Time Insurance Co., Union Security Insurance Co. and John …