Latest Department of Insurance Headlines
All the headlines from our Department of Insurance Topic Page, ordered by recency.
Delaware Workers’ Comp Rates Drop for Fourth Year in a Row
Oct 29 2020 // Delaware workers’ compensation insurance rates will decrease for the fourth year in a row, effective December 1, 2020. This comes as the voluntary market is seeing yet another double-digit decrease in loss costs,...
Nebraska to Hold Flood Insurance Manual Workshop for Insurance Agents on Oct. 29
Oct 19 2020 // The Nebraska Department of Insurance is planning brief, one-hour, biannual workshops for insurance agents each October and April to discuss the changes in the Flood Insurance Manual. The first such workshop will be held on...
Former California Agent Charged in $55K Insurance Fraud
Aug 25 2020 // Former Westlake Village, Calif., insurance agent has been arraigned on multiple felony counts of grand theft, burglary, and financial elder abuse for allegedly stealing over $55,000 in clients’ insurance premiums,...
Ohio Department of Insurance Adds Barron to Senior Team
Aug 20 2020 // Lori Barron has joined the Ohio Department of Insurance as a senior policy advisor. Barron has more than 20 years of experience in the insurance and financial services industry, having served in business and product...
Wyoming Department of Insurance Fines Farmers Insurance Exchange $150K
Aug 10 2020 // The Wyoming Department of Insurance announced the resolution of a matter against Farmers Insurance Exchange that resulted in monetary penalties against the carrier. The department entered an order approving a settlement...
California Department of Insurance Fraud Suit Results in $24M in Payments from AbbVie
Aug 7 2020 // California Insurance Commissioner Ricardo Lara this week announced a settlement agreement with AbbVie Inc. to resolve a lawsuit alleging violations of the California Insurance Frauds Prevention Act involving the marketing...
Delaware Urges Residents to Prepare for Tropical Storm Isaias
Aug 4 2020 // As Tropical Storm Isaias approaches Delaware, residents are urged to prepare for dangerous winds of more than 55 miles per hour and up to six inches of rain. Storm surges, localized flooding, tree damage, power outages and...
Former Ohio Insurance Agent Gets 9 Years in Prison for $1.1M Theft from Clients
Jul 29 2020 // A former Ohio insurance agent has been sentenced to nine years in prison for stealing more than $1.1 million from clients, according to the Ohio Department of Insurance. The ODI said Gregory Oliver, of Milford, Ohio, was...
Wyoming Department of Insurance Fines Farmers Insurance Exchange $150K
Jul 24 2020 // The Wyoming Department of Insurance announced the resolution of a matter against Farmers Insurance Exchange that resulted in monetary penalties against the carrier. The department entered an order approving a settlement...
Texas Windstorm Rate Filing Consideration Process Now Underway
Jul 20 2020 // July 17 was the last day the Texas Windstorm Insurance Association’s (TWIA) Actuarial & Underwriting Committee accepted comments on its annual rate filing process, which officially begins on July 21 when the...
California Department of Insurance Investigation Leads to $5.5M Settlement
Jul 16 2020 // A settlement has been announced between Libre by Nexus Inc. in which it will cease transacting immigration bonds in the California, phase out the use of GPS ankle monitors, and issue credits to clients still in arrears...
Tennessee Department of Insurance Taps Fortman as Captive Director
Jun 26 2020 // The Tennessee Department of Commerce & Insurance (TDCI) has hired Belinda Fortman as Captive Insurance Section director. Captive insurance is an option for companies to self-insure certain aspects of their business....
Texas Insurance Department Extends Telemedicine Coverage Rule
Jun 24 2020 // An emergency rule requiring insurers in Texas to cover telemedicine services has been extended into September, the Texas Department of Insurance (TDI) said. Covered telemedicine services include mental health visits at the...
A.M. Best Affirms North American Casualty Group Companies’ Ratings
Jun 10 2020 // Ratings issuer A.M. Best said it has removed from under review with negative implications and affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of “a” of five companies...
Delaware Insurance Commissioner Shares Reopening Reminders
May 27 2020 // The Delaware Department of Insurance is sharing reminders with business owners regarding important measures to take as phased reopenings begin and providing resources to enhance worker and customer safety. Insurance...
Alabama Insurance Dept. Forms Dedicated Resiliency Division to Reduce Disaster Risk
May 19 2020 // The Alabama Department of Insurance has created a new division dedicated to supporting risk reduction against natural disasters for both policyholders and insurance companies, according to a statement from ALDOI. The new...
Six Things to Know About the Recent Impasse Between Regulators and Insurers in the Aftermath of California’s Devastating Wildfires
Apr 17 2020 // This post is part of a series sponsored by CoreLogic. California’s 2017 and 2018 catastrophic wildfire events hit state insurers historically hard, with record-breaking losses of over $25 billion.1 2 Three years...
North Carolina Creates Process for Insurers to Legally Offer Pandemic Premium Relief
Apr 15 2020 // The North Carolina Department of Insurance says it is working with insurers to allow them to offer financial relief to policyholders without filing for department approval or risking violating state law during the current...
Alabama Regulator Eases Process for Auto Insurers to Reduce Policyholder Premiums
Apr 14 2020 // The Alabama Department of Insurance says it will waive filing fees and allow for immediate implementation of premium reductions by insurers in an effort to provide some relief to Alabama consumers. In a bulletin issued...
Texas Court Orders Auto Insurer Windhaven National into Liquidation
Mar 23 2020 // Private passenger auto insurer Windhaven National Insurance Co. (WNIC), a Texas-domiciled subsidiary of Florida-based Windhaven Insurance, has been ordered into liquidation at the request of the Texas Department of...
