Pennsylvania Insurance Department News

Pennsylvania Says It Blocked $180 Million in Auto, Home, Other P/C Insurance Hikes

The Pennsylvania Insurance Department (PID) reported that in 2024 it refused to approve $180.3 million in annual property/casualty (P/C) insurance premium increases in the state through its rate review processes. The PID said it rejected premium increases sought by insurers …

Pennsylvania Shaved $98 Million Off Insurer Rate Requests in First Half of Year

The Pennsylvania Insurance Department (PID) reported that it has saved consumers $98.3 million in annual auto, home and other property/casualty insurance premiums in the first six months of 2024 through its review of insurance company rate filings. The vast majority …

Insurers Must Physically Inspect to Confirm Damage Cited by Aerial Imagery

The Pennsylvania Insurance Department (PID) is reminding insurers of their obligation to conduct a physical inspection to confirm the type and extent of damage to a roof supposedly evidenced by aerial imagery. The regulatory agency said it has received consumer …

Pennsylvania Slashes Insurance Licensing Fees, Speeds Up Application Reviews

The Pennsylvania Insurance Department (PID) announced the removal of certain fees associated with insurance licensing forms and faster review times for pending applications. “Accelerating our review time for pending license applications and removing unnecessary fees will help PID better serve …

Senate Confirms Humphreys as Pennsylvania Insurance Chief

The Pennsylvania Senate this week unanimously confirmed Michael Humphreys to serve as the state’s insurance commissioner. Governor Josh Shapiro nominated Humphreys, who previously served as acting commissioner, to the top position at the Pennsylvania Insurance Department in January. Humphreys succeeded …

Pennsylvania Gov. Shapiro Wants Humphreys to Remain as Insurance Commissioner

Newly sworn-in Pennsylvania Gov. Josh Shapiro is assembling his team and has selected Mike Humphreys to be the state’s insurance commissioner. Humphreys is no stranger to the Pennsylvania Insurance Department or community. He is currently serving as acting insurance commissioner, …

Altman Leaving Pennsylvania Insurance Post to Lead California Health Plan

Pennsylvania Governor Tom Wolf announced that Insurance Commissioner Jessica Altman will resign her position Feb. 25. Altman has accepted a position as chief executive officer of Covered California, that state’s health insurance marketplace. Mike Humphreys, the Pennsylvania insurance department’s chief …

Pennsylvania Insurance Department Provides Damage Claims Info Following Storm

Following the strong storms, tornadoes and historic flooding in the commonwealth, Pennsylvania Insurance Commissioner Jessica Altman provided information to home and business owners to help them file insurance claims for damages and tips to avoid repair scams. Property and business …

Pennsylvania Launches Program to Support Innovation, New Insurance Products

The Pennsylvania Insurance Department (PID) has launched a new program that aims to encourage the insurance industry to deliver innovative insurance solutions and products. Keystone Smart Launch seeks to help reduce barriers and speed up the regulatory process so Pennsylvania …

Pennsylvania Property Owners Encouraged to Purchase Flood Insurance

Pennsylvania Insurance Commissioner Jessica Altman is urging property owners to consider purchasing flood insurance to protect their homes, businesses and possessions. For many Pennsylvanians, extreme weather, including flooding caused by hurricanes and severe thunderstorms, can be a common occurrence throughout …