insurance regulations News

Pharmacy Benefit Manager Regulation Bill Passed in Arkansas

The Arkansas House and Senate have passed a proposal to regulate pharmacy benefit managers, as lawmakers began a special session focused primarily on addressing a cut in reimbursements rates pharmacists have seen. SB2, the Arkansas Pharmacy Benefit Licensure Act, would …

Maryland Insurance Administration Recovers $11.7M in Claims Settlements in 2017

The Maryland Insurance Administration (MIA) responded to 12,188 consumer complaints and inquiries in 2017, facilitating claims settlements and refunds totaling $11,766,213 for Maryland consumers, according to a press release issued by the administration. While the Insurance Administration cannot actually settle …

Senator Wants Tougher Rules for Double-Decker Tour Buses in New York City

A lawmaker is raising concerns about double-decker sightseeing buses in New York City, saying Monday that tougher regulations are needed to protect tourists, pedestrians and motorists on the busy streets of the nation’s largest city. Democratic state Sen. Brad Hoylman, …

Q&A With Florida Commissioner Altmaier, an Agent Turned Regulator

Florida Insurance Commissioner David Altmaier is just about to complete his first full year in the position since taking over for Kevin McCarty last May, and there hasn’t been a dull moment since he took the post. Altmaier, 35, is …

Florida Commissioner McCarty Touts State Regulation Before Congress

Florida Insurance Commissioner Kevin McCarty championed flexible state insurance regulation and warned against “one-size-fits-all” bank-like regulation for insurers in recent testimony before the U.S. Senate and House of Representatives in Washington, D.C., on both domestic and international insurance issues. McCarty …

Washington Commissioner Fines Producers More Than $24,000

Insurance Commissioner Mike Kreidler in March disciplined and issued fines totaling $24,250 against insurance companies, agents and brokers who violated state insurance regulations. Insurance companies Unitrin Auto and Home Insurance Co., Jacksonville, Fla.; fined $20,000 Unitrin issued insurance policies using …

A Look at New Insurance Laws Taking Effect in 2013

With 2013 just around the corner, a number of states are preparing to implement new insurance-related laws. Insurance Journal highlights some of the changes that will take place around the country.