Virginia State Corporation Commission News

Virginia Bureau of Insurance Names Bryant Managed Care Ombudsman

Todd A. Bryant has been named managed care ombudsman with the Virginia State Corporation Commission’s (SCC) Bureau of Insurance, effective September 10, 2018. Bryant has worked in the Ombudsman’s Office as a senior insurance market examiner for the past six …

IIAV ‘Redoubling’ Hurricane Preparedness Efforts Since Following Harvey’s Texas Impact

The Independent Insurance Agents of Virginia (IIAV) is motivated to “redouble its efforts” around hurricane preparedness, particularly as it relates to flood damage, since following Hurricane Harvey’s impact in Texas, according to President and CEO Robert Bradshaw in an emailed …

Virginia Says 172K Former Licensed Agent Records May Have Been Breached

Virginia’s State Corporation Commission (SCC) is advising former licensed insurance agents of the potential improper access to their personal data by a former contractor. The suspected compromise of personal data pertains to archived Bureau of Insurance records of insurance agents …

Virginia to Hold Hearing on Anthem’s Proposed Acquisiton of Cigna

Virginia’s State Corporation Commission (SCC) announced that it will hold a public hearing in May to consider the competitive impact of Anthem Inc.’s proposed acquisition of Cigna Corporation and its subsidiaries. As part of that merger, the SCC must consider …

Virginia Approves 3.4% Overall Increase in Workers’ Comp Loss Costs

The Virginia State Corporation Commission (SCC) announced Tuesday the approval of revisions to the premium levels charged for workers’ compensation insurance in Virginia. The revisions will result in an overall average increase of 3.4 percent for voluntary market loss costs …

Virginia Bureau of Insurance Announces 2 New Deputy Commissioners

The Virginia State Corporation Commission’s Bureau of Insurance has appointed Rebecca Nichols as deputy commissioner of the Property and Casualty Division.

Virginia SCC: November Is Peak Month for Vehicle-Deer Collisions

November is the peak month for collisions between vehicles and deer. With this in mind, Virginia’s State Corporation Commission’s (SCC) Bureau of Insurance reminds Virginia motorists to be careful, especially when driving at dawn or dusk and in areas where …

Virginia Sets Hearing on Workers’ Comp Premium Level Adjustments

Virginia’s State Corporation Commission (SCC) has scheduled an October hearing to consider a request filed by the National Council on Compensation Insurance Inc. (NCCI) to adjust the premium levels charged for workers’ compensation insurance. NCCI has proposed a decrease in …

Virginia SCC Seeking Public Comment on Long-Term Care Insurance Rules

Virginia’s State Corporation Commission is reviewing rules governing long-term care insurance to determine whether revisions are needed. The SCC said Tuesday that it is seeking public comment on the rules. Comments and suggestions also are being sought on a recent …

Virginia SCC Approves Revisions to Workers’ Comp Premium Levels

Virginia’s State Corporation Commission (SCC) last week approved revisions to the premium levels charged for the state’s workers’ compensation insurance. Workers’ compensation insurance provides medical care and wage replacement benefits to injured workers. Almost all Virginia employers are required to …