Live Insurance News

Zenefits under investigation by California insurance regulators

February 16, 2016February 13, 2016 G. Turner

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…

Nevada insurance commissioner resigns, effective July 2

June 15, 2015June 13, 2015 Julie Campbell

Nevada health insurance commissioner State Legislature Building

The state’s chief regulator, Scott Kipper did not give any reason for his choice to step down from his position. At the end of last week, the Nevada insurance commissioner, Scott Kipper announced that he has resigned and that this will become effective in less than a month, as of July 2. He made the announcement quite recently at the same time that he praised his division’s achievements. He expressed that “It has been an honor to have served the state of Nevada as commissioner.” As he resigned as Nevada…

Insurance rates in Colorado receive approval for increase

September 26, 2014September 23, 2014 G. Turner

Regulators have now given their permission to increase premiums by 1 percent. Colorado state regulators have now given their approval to raise the insurance rates for over 1,000 different health plans that are being offered by more than 20 different carriers, for 2015. Though not all of those plans will see increased rates, the average will be a very slight premiums rise. When compared to the previous year, the insurance rates will be increasing by an average of 1.18 percent, next year. The areas that typically face the highest health…

Insurance supervision head named by federal government

June 6, 2014June 3, 2014 H. Cutner

Thomas Sullivan, the former Commissioner in Connecticut, has now taken on the position. The Federal Reserve has just announced that it will be hiring the former Insurance Commissioner from Connecticut, Thomas Sullivan, in order to take the lead of the oversight of the industry, particularly in terms of the largest firms. The goal is to add his experience to help to address the claims that the central bank does not have knowledge of that business. Thomas Sullivan held the position as Commissioner in Connecticut throughout the financial crisis and was…

Health insurance in California to be affected by Insurance Commissioner race

June 2, 2014May 31, 2014 S.Vagus

Dave Jones California insurance commissioner insurance industry rates

Dave Jones fights to keep his position as the state’s Insurance Commissioner California is currently searching for a new Insurance Commissioner and the state’s incumbent, Dave Jones, is facing some serious opposition. Jones has become a regulatory powerhouse over the past few years, using his authority to hold the state’s insurance companies to a higher standard. Jones has won support for being an enthusiastic consumer advocate, but he has also made enemies within the insurance industry due to his aggressive stance on regulation. More aggressive regulations could keep insurers in…

North Carolina homeowners insurance rate increase resistance building

January 27, 2014January 25, 2014 H. Cutner

Residents of the state are becoming frustrated and angry about the spike of up to 25 percent. As the cost of North Carolina homeowners insurance comes closer to its August increase of an average of 25 percent, residents are keeping a careful watch on the regulator in the state, which held a public hearing on Friday to give these customers the opportunity to voice their opinions on the prospect that they will be seeing their premiums skyrocket this year. The hearing fell three weeks after the insurers in the state…

Insurance news made as D.C. replaces its ousted commissioner

November 19, 2013November 18, 2013 H. Cutner

After the sudden firing of the official in the District of Columbia, a new acting commissioner has been named. Following the surprising insurance news that occurred when William P. White, the previous commissioner in Washington D.C., was ousted, a new acting commissioner has now been named. This naming has occurred only days after the firing of the previous official. White was removed from his position the day after President Obama made his announcement of the fix that was going to be put into place for the problem regarding the cancelled…