Tag: bureau of insurance

Maine health insurance rates are going up, but most people will pay the same premiums

Nordstrom
Health insurance rates rising - Maine

Rates are expected to jump by almost 15 percent next year, though tax credits will compensate for them. The health insurance rates on Maine’s marketplace are expected to increase by almost 15 percent on average for 2024, according to estimates released by the Bureau of Insurance. Most people in the state will find the rate hikes are offset by tax credits, as they will typically qualify. Health insurance companies were required to complete the filing for their rate increase requests back in June. Federal officials have been considering the filings…

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Virginia Insurance Commissioner Jacqueline K. Cunningham to retire this year

H. Cutner
portsmouth virginia health insurance commissioner

After three decades serving at the Bureau of Insurance, Cunningham announced her retirement. Jacqueline K. Cunningham, Virginia insurance commissioner, announced her intention to retire at the end of the year. She has been working with the State Corporation Commission’s Bureau of Insurance for a total of thirty years. Cunningham was first appointed to the Virginia Commission as insurance commissioner in 2011. She began her post as the thirteenth Virginia insurance commissioner on January 1, 2011. That said, she was first hired by the Bureau of Insurance in 1981. Her first…

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Health insurance hearing held in Maine

G. Turner
health insurance news care reform

Residents have expressed concern about changes proposed to Anthem Blue Cross Blue Shield. Following concerns that have been expressed by residents of Maine regarding changes that have been proposed to Anthem Blue Cross Blue Shield health insurance, a hearing was scheduled for this week to allow them the opportunity to speak and have their voices heard. On Monday, the hearing was held at the Cross State Office Building, located in Augusta. The health insurance hearing was held by the Bureau of Insurance. It took place in Augusta and was focused…

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Virginia to provide licenses to public insurance adjusters

S.Vagus
Public Insurance Adjusters Colorado

Public insurance adjusters to begin receiving licensing next year Virginia insurance regulators are looking to license public adjusters to help manage the flow of claims that the state’s insurance companies receive as a result of natural disasters. The State Corporation Commission’s Bureau of Insurance is expected to begin issuing licenses for public insurance adjusters beginning early next year. Recent natural disasters have proven to generate a high number of claims. A limited number of insurance adjusters means that some of these claims could sit unresolved for extensive periods of time.…

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Virginia officials encouraging residents to purchase earthquake insurance

Marc

Virginia officials are urging residents to check their home insurance policies to ensure they have protection against earthquakes. The initiative comes as a new law takes effect, which will force insurance companies to disclose what their various policies do not offer coverage for. State officials are hoping that residents will be proactive in finding out what coverage they may lacking and take steps to rectify the problem before they fall victim to a devastating natural disaster. According to the State Corporation Commission’s Bureau of Insurance, many Virginia residents do not…

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