Washington insurance commissioner Archives

Washington insurance companies must wave coronavirus testing deductibles and copays

March 10, 2020March 12, 2020 G. Turner

The state’s insurance commissioner ordered insurers not to charge policyholders for that service. Washington’s Insurance Commissioner Mike Kreidler has ordered insurers not to charge coronavirus testing deductibles and copays for policyholders who need it. State residents who need to be tested will not need to pay for any part of that test. Kreidler initially announced the new coronavirus testing coverage requirement at a news conference last Thursday. He stated that insurance companies would not be permitted to charge their customers deductibles or copays when the policyholder needs to be tested.…

Washington Insurance Commissioner Kreidler fines Starbucks insurer $24 million

January 3, 2020January 1, 2020 Julie Campbell

Washington Insurance Commissioner - Starbucks Coffee Shop

The state commissioner ordered the coffee chain’s insurer to pay taxes, penalties and interest. Washington Insurance Commissioner Mike Kreidler ordered a Starbucks owned insurer to pay almost $24 million in fines. The insurance company is required to pay the total amount in taxes, penalties and interest. The full amount of the fine is the result of Starbucks’ insurer’s alleged unauthorised insurance sales. If, when all is said and done, Starbucks is required to pay the complete amount the Washington Insurance Commissioner, it would approach $24 million. This would be the…

Auto insurance premiums head skywards due to smartphone use

February 28, 2017February 24, 2017 Logan B.

auto insurance premiums car mobile smartphone

The Washington Insurance Commissioner’s Office has blamed mobile device use for a 5.9 percent rate increase. Consumers wondering why they’re paying higher auto insurance premiums may not have to look any further than their smartphones. The Insurance Commissioner’s Office in Washington State said the top 20 insurance companies hiked rates by 5.9 percent last year. That said, the insurance rate for motorists has been on its way up across the country. Across the country, the average amount drivers are paying in auto insurance premiums reached $926 in 2016. Throughout the…

State Farm Insurance and other insurers slapped with Washington fines

February 15, 2017February 13, 2017 H. Cutner

The state’s insurance commissioner has issued the penalties to brokers and agents as well. Washington Insurance Commissioner Mike Kreidler has slapped State Farm Insurance, other insurers, agents and brokers with a number of fines throughout January. These fines totaled $15,000 and were issued for having violated the state’s insurance industry regulations. The largest fines the commissioner doled out were to State Farm Fire & Casualty Co. from Bloomington, Indiana. State Farm Insurance saw two thirds of the total fines from the Washington insurance commissioner. They were ordered to pay $10,000…

Insurance news from Washington state includes Commissioner testifying in support of HB1212

February 2, 2013April 30, 2013

Insurance news Mike Kreidler, Washington Commissioner

Mike Kreidler has announced that he has testified against of the use of credit scores by insurers. The latest insurance news out of Washington is that Mike Kreidler, the state’s commissioner, testified on January 30 as a reflection of his support of a new bill that is a bipartisan initiative to stop insurers from being able to use credit information to calculate homeowners policy premiums. House Bill 1212 separates homeowners coverage from the current Washington law restricting credit history use. The current regulations within the state limit the extent to…