State insurance regulators start approving rate hikes to cover Trump’s slashed subsidies

trump health insurance regulators premiums rates

Officials in Maryland have already given their approval to the last minute increases, but others are following. Insurance regulators in many states are starting to look into last minute health plan rate increases to compensate for the elimination of Affordable Care Act subsidies. Michigan officials have warned that they are already looking into the increases that they are likely to approve. At the same time, Maryland insurance regulators have already given their approval to the rate hikes. These increases are a direct response to President Trump’s executive order that eliminated…

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Auto insurance rates are strikingly higher in some states than others

michigan auto insurance rates

A new study has revealed a major difference in premiums and Alabama drivers continue to pay more. Quadrant Information Services and insuranceQuotes.com have jointly released an auto insurance rates study. Within it, they named Alabama as the fourth most expensive state for drivers to be insured. The research examined some of the factors that play a role in making this coverage more expensive. What was found was that Alabama drivers pay more in auto insurance rates because of state regulations. Insurance companies in the state are permitted to use driving…

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Zenefits under investigation by California insurance regulators

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The software company has now had its business practices called into question and officials will be examining them. Zenefits, a software company, is now facing an investigation by California insurance department officials, as the firm’s business practices have been called into question. The California Department of Insurance released a statement with regards to the investigation that launched last year. While the California insurance officials have only just recently announced that they are looking into Zenefits and the way it conducts its business, it also stated that its efforts started back…

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Zombie insurance regulators attack the “walking dead”

Zombie insurance news

Just as the popular AMC television series closes its fourth season, its coverage equivalent is now under attack. Zombie insurance has been making headlines, not because it has any relation to the popular post-apocalyptic horror drama from AMC, or the “walking dead” that has given the show its name. Instead, it is central to insurance news as consumers and regulators combat pricing discrepancies. The Financial Conduct Authority (FCA) in the United Kingdom has indicated that while new customers are being offered better deals, loyal policyholders who have been paying premiums…

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Insurance news from Kansas unveils Commissioner’s new team

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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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