Live Insurance News

New Kentucky Insurance Commissioner steps up to head her department

May 3, 2017May 1, 2017 Logan B.

Nancy G. Atkins has been the deputy commissioner and has now been appointed to the top spot. The new Kentucky Insurance Commissioner has now been named as former Deputy Commissioner Nancy G. Atkins was appointed to the position. Atkins is now heading the state’s Insurance Department, where she already has extensive experience. The latest Kentucky Insurance Commissioner is no new entry to the industry or the types of duties she has taken on as her own. Atkins has been working within the insurance industry for 33 years. She has worked…

Good insurance news for Missouri consumers who recently made claims

July 13, 2015July 11, 2015 G. Turner

The state department has now helped them to obtain additional payments for their early 2015 claims. For many consumers across Missouri, the insurance news has been good, as many of those who filed complaints against their insurers received assistance from the state Insurance Department and will be receiving additional claim payments. A total of $6.3 million in additional payments will be made for many claims made in the first half of the year. The majority if this insurance news has to do with claims made on health plans. That type…

Ohio Insurance Department manages to save $23.5 million

February 13, 2014February 10, 2014 S.Vagus

State agency saves funds while also reclaiming money for consumers The Ohio Insurance Department has announced that it has saved significant money in the wake of 2013 while also successfully recovering funds on behalf of consumers. According to the agency, it has saved some $23.5 million last year with the help of various community outreach initiatives. Consumer complaints also pointed the agency in the right direction, allowing state regulators to recover funds that had been taken from consumers either through fraudulent activity or other crimes involving insurance. Consumers complaints help…

Insurance news from Oklahoma has state Insurance Department buying guns

December 4, 2012December 4, 2012 Julie Campbell

The state Insurance Department is spending $180,000 on guns and police vehicles for anti-fraud efforts. The latest insurance news from Oklahoma has revealed that the state’s insurance officials have spent over $180,000 on bulletproof vests, high-tech shotguns, and seven police package vehicles which the Insurance Department claims are necessary for the expansion of its anti-fraud crackdown. The department’s effort to fight criminal fraud has drawn the attention of the entire country. Questions and concerns are being directed at the department, as some lawmakers wonder why it would require the nine…

Prudential Insurance reaches settlement with Insurance Departments in seven states

February 8, 2012 Julie Campbell

Seven states have announced that they have reached a settlement with Prudential Insurance Company of America as well as a number of its affiliate companies. According to Michael Consedine, the insurance commissioner from Pennsylvania, there were concerns raised over the practices at Prudential over the death benefit payments for beneficiaries of life insurance policies following an exam performed by several states. However, he went on to say that they appreciate the willingness of Prudential to “to reach a settlement that includes changing its business practices to better locate beneficiaries. This…