Arkansas Insurance Commissioner to seek approval to establish insurance exchange

Arkansas Insurance Commissioner Jay Bradford will be petitioning the state Legislature for authority to establish a health insurance exchange. The commissioner has been lobbying for the authority for more than a year now, but lawmakers have been slow to warm to the idea of an exchange. Earlier this year, the state’s Insurance Department was awarded a $1 million grant to assist in the forming of an exchange, but it has been unable to use any of that money as there has yet to be any legislation approving and insurance exchange.…

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Arkansas Insurance Commissioner issues moratorium due to storms

In light of the recent occurrences of severe and destructive weather, the Insurance Commissioner of Arkansas, Jay Bradford, has announced a moratorium for policyholders residing in the most affected areas of the disaster. The Arkansas Insurance Department issued a bulletin to the states insurers informing them of the 60-day moratorium. The initiative will target those who have not paid their latest round of premiums. The Department is urging residents to contact their insurance providers to see if they qualify for the moratorium. Bradford hopes that the move will help ease…

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