indiana insurance industry Archives

New insurance industry group could be good for Indiana

November 12, 2014November 11, 2014 Marc

Insurers team with education and economic organizations to form new industry group Specialty insurance companies in Indiana have partnered with education and economic organizations to form Northeast Indiana Specialty Insurers (NISI). The new organization aims to promote talent development, marketing, and advocate new opportunities within the regional insurance industry. The group was formed because of the high concentration of insurance workers in the region. This high concentration can make it difficult for individuals and organizations to take advantage of new opportunities, and some may lack the skills or experience needed…

Indiana’s request for exemption from the medical loss ratio rule is denied

November 29, 2011 S.Vagus

Earlier in the year, Indiana’s Department of Insurance submitted an official request to the federal government seeking to free the state’s insurance companies from the medical loss ratio requirement of the Affordable Care Act. The health care law dictates that all insurers should spend no less than 80% of the money they collect on premiums on improving medical care. According to the law, if companies fail to meet the requirement, they must return the money to consumers. Indiana’s request for an exemption from the rule has been denied by the…