Arizona insurance companies are falling prey to federal insurance regulators as the Department of Health and Human Services (HHS) seizes control of the rate review process in the state. Last year, federal regulators began reviewing rates proposals from a company that sought approval for a 40% increase. Regulators decried this as one of the most unreasonable rate proposals they had seen since the passing of the Affordable Care Act and have vowed to fully investigate proposals coming from 32 other health insurance companies. Federal regulators will be reviewing any proposal…
Read MoreTag: Arizona insurance
USDA Risk Management Agency approves 2012 pilot insurance for pistachio crops
The USDA Risk Management Agency (RMA) has announced the start of a new pilot pistachio crop insurance that will start with the crop year in 2012. The Pistachio Crop Insurance Program will make coverage accessible to 21 California counties, as well as one in New Mexico and two in Arizona. The names of the counties where the insurance will be available will soon be announced. The length of the pilot program is anticipated to be two years and the policy will be production based. The program itself received its initial…
Read More