Pennsylvania Insurance Department News

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 …

Penn. Insurance Department Collected Over $1.3M in Penalties, Restitution in Q1

The Pennsylvania Insurance Department said regulators collected more than $1 million in penalties and fines, as well as more than $300,000 in restitution in the first quarter of 2013. In total, 37 enforcement actions and market conduct examinations were closed …

Penn. Regulators Say 2012 Was Record Year for Fines and Restitution

The Pennsylvania Insurance Department announced on Tuesday that the state’s regulators collected a record of nearly $18 million in fines and $13.4 million in restitution in 2012. The collections were from enforcement and market conduct actions, as well as 10 …

Penn. Regulators Collected $71K in Fines, $3.4M in Restitution in Q1

Pennsylvania regulators announced on Thursday their quarterly enforcement actions for the 2012 first quarter. The Pennsylvania insurance department said its office of market regulation closed 27 enforcement actions and market conduct examinations and 3,211 written consumer complaint and inquiries in …

Pennsylvania Regulators’ Rate Review Authority Gets a Boost

The law giving the Pennsylvania Insurance Department authority to review and disapprove rate increases in the small group health insurance market took effect on Wednesday. The law, Act 134, was signed into law by Governor Tom Corbett late last year. …

Penn. Insurance Department Forms New Health Insurance Assistance Unit

The Pennsylvania Insurance Department announced last week it has formed a new consumer unit to respond to questions about health insurance. “This new unit supplements our health insurance complaint-handling functions,” said Insurance Commissioner Mike Consedine. “The unit will also allow …