Tag: consumer confidence

Maryland Insurance Professionals Face Stricter Standards

H. Cutner
Maryland Insurance Professionals Face Stricter Standards

Protecting Maryland Consumers: A Closer Look at Stricter Penalties Starting October 1, consumers in Maryland will witness the implementation of more stringent penalties for unauthorized insurance activities. These legislative changes, introduced by the Maryland Insurance Administration, aims to protect consumers from fraudulent practices while ensuring that insurance professionals uphold the highest standards. Unauthorized Insurer Fines Soar: The fines for unauthorized insurers have substantially increased, with penalties rising from $50,000 to a maximum of $125,000. Higher Penalties for Dishonest Practices: Insurance producers and public adjusters indulging in dishonest or incompetent practices…

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Health insurance hasn’t eliminated worries about medical costs

H. Cutner
alternative painkiller insurance medication health care cost

One in four Americans who have coverage are still worried about expenses associated with major illness. A recent poll has shown that despite the fact that people are covered by health insurance, they are still maintaining a certain level of concern when it comes to the financial impact that they would face if they should ever experience a major illness. The research showed that one quarter of Americans who do have a private health plan remain worried. This reveals that despite the fact that they do have health insurance coverage,…

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