Pennsylvania Insurance Department News

Pennsylvania Returns $66.8M in Restitution Payments to Consumers in Q1

Pennsylvania’s Acting Insurance Commissioner Teresa Miller announced Thursday that nearly 5,000 Pennsylvania consumers received $66.8 million in restitution payments or credits through the restoration of stolen funds, the payment of denied or underpaid claims, and the refunding of overcharged premiums …

Penn.: Fracking Exclusion Not Allowed in Homeowners Earthquake Endorsements

The Pennsylvania Insurance Department issued a notice telling insurance companies that earthquake endorsements to homeowners insurance policies in Pennsylvania cannot exclude coverage for earthquakes that may be caused by “human activity” such as fracking. According to the Pennsylvania Insurance Department’s …

Penn. Insurance Dept.: 2014 Was a Banner Year for Consumer Protection

The Pennsylvania Insurance Department said 2014 was a banner year for consumer protection. The department said its Office of Market Regulation concluded 2014 by collecting more than $4 million in penalties and fines and recovering approximately $295 million in restitution …

Penn. Gov.-Elect Wolf Appoints Miller to Lead Insurance Department

Pennsylvania’s Democratic Gov.-elect Tom Wolf today appointed Teresa Miller to be the state’s insurance commissioner in his incoming administration. Miller is an attorney and former administrator of Oregon Insurance Division. She will succeed Pennsylvania’s current insurance commissioner, Michael Consedine, who …

Penn. Commissioner Consedine to Leave Post After Gov.-Elect Wolf Is Sworn In

Michael Consedine, Pennsylvania’s insurance commissioner and president-elect of the National Association of Insurance Commissioners (NAIC), will leave the Insurance Department after Democratic Gov.-elect Tom Wolf is sworn in as the 47th governor of Pennsylvania on Jan. 20.

Penn. Insurance Department Taking Steps to Assist Consumers After Hail Storm

Pennsylvania’s insurance department said last Friday it has taken steps to help consumers after a hail storm caused widespread damage in communities in eastern Pennsylvania. The department said it will allow out-of-state appraisers to be used to help speed property …

Penn. Insurance Department Encourages Consumers to Conduct Annual Insurance Review

A lot can happen in 12 months, and changes from last year such as remodeling the home, purchasing a new car, or a birth or death in the household, could affect the insurance premium. The Pennsylvania Insurance Department is encouraging …

Pennsylvania Insurance Department Offers Tips for Winter Storm Victims

The Pennsylvania Insurance Department offers the following advice and tips about homeowner’s and auto insurance policies in wake of last week’s winter storm. First, damage to the house and its contents caused by weight of snow or ice, creating a …

Penn. Insurance Department Collects $343K in Penalties, Fines in Q2

The Pennsylvania Insurance Department collected more than $343,000 in penalties and fines, as well as more than $73,000 in restitution during the 2013 second quarter, according to the department’s announcement this week. In total, 37 enforcement actions and market conduct …

Pennsylvania Insurance Department Gets Dedicated Funding Structure

The Pennsylvania Insurance Department announced this week that it now has access to a dedicated funding source, thanks to Gov. Tom Corbett’s recently signed 2013-14 budget and newly enacted legislation, Act 46. This dedicated budget funding will come from a …