Tag: Insurance Commissioner

Homeowners insurance rate hike leads Commissioner to call hearing

homeowners insurance

This was a response to NC insurers that have requested considerable premiums increases. Wayne Goodwin, the commissioner for North Carolina, has ordered a hearing in response to the request that homeowners insurance companies in the state have made requests to their policyholders for an increase in their premiums. The commissioner feels that the proposed rates are unfairly discriminatory and excessive. This story was first reported by Insurance News Report on January 23, 2013, but it has since then developed to the point that the commissioner has felt the need to…

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Homeowners insurance changes proposed by Florida commissioner

H. Cutner
Homeowners Insurance

Alterations have been put forward to the property coverage in the state, particularly for Citizens. Kevin McCarty, the commissioner in Florida, has proposed some considerable changes to the homeowners insurance system in the state, particularly when it comes to the coverage offered by Citizens. This was announced by the commissioner to the state Senate Banking and Insurance Committee this week. The goal for McCarty’s proposals is the decrease the risk faced by the Citizens, the state backed homeowners insurance company of last resort. At the moment, that insurer is responsible…

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Health insurance exchange authority in Mississippi granted to commissioner

Mike Chaney, Mississippi Health Insurance Commissioner

Attorney General has made Mike Chaney responsible for the establishment and management of the marketplace. In Mississippi, the Attorney General’s Office has announced that the authority to create and operate the health insurance exchange in the state should be granted to Mike Chaney, the insurance commissioner. This insurance news announcement was made by way of legal opinion the office released this week. Governor Phil Bryant – like many other Republican state governors – are opposed to the healthcare reforms that have been implemented by the Obama administration. They have explained…

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Insurance news from Kansas unveils Commissioner’s new team

H. Cutner
Flag of Kansas health insurance news

The new top staffers for the state’s industry regulator have now been named. The latest insurance news from Kansas has announced that the commissioner for the state, Sandy Praeger, has just appointed a new assistant commissioner, as well as a general counsel, with a staff shuffle. These decisions followed the departure of the commissioner’s top deputy. The promotion from Praeger was given to Zachary Anshutz, who had previously been the general counsel and who is now assistant commissioner. Anshutz will be replacing the former assistant commissioner who has since left,…

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Workers compensation rate increase proposal rejected in Massachusetts

Julie Campbell
Joseph Murphy, the Massachusetts Insurance Commissioner on workers compensation plan

State Division of Insurance turns down the requested changes. The Massachusetts Division of Insurance has revealed that they have rejected the proposal that was made to increase the rates for workers compensation by 18.8 percent. The outcome of this will bring about no changes to the rates. The decision was made after having undergone a hearing process that lasted five months. The result is that there will not be any change to the current workers compensation rate. According to a statement from the Division of Insurance, this is expected to…

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