California Insurance Commissioner Dave Jones has signed an emergency order to enforce the medical loss ratio. The MLR rules require insurers to annually disclose the percentage of premium revenue spent on reimbursement for clinical services and activities that improve health …
In their zeal to control health care costs, federal and state policymakers may be pushing health insurance agents and brokers to the sidelines and potentially out of business. If this happens, they will be shortchanging the consumers who rely on …
Washington Gov. Chris Gregoire has proposed several changes to the state’s workers’ compensation system to help the state out of the recession and support the vitality of businesses. She estimates the proposed changes would save the workers’ compensation system $720 …
The Supreme Court of Arizona has ruled that the state’s uninsured motorist (UM) and underinsured motorist (UIM) coverage selection or rejection form only needs to be filed in English — even when dealing with Spanish-speaking customers. The Arizona legislature mandates …
The insurance industry is recovering from the economic crisis, but profits are nowhere near where they were prior to the crisis, and it will take California longer than other states to rebound, according to an industry economist. The property/casualty insurance …
The year 2011 should be interesting in the insurance world, what with Republicans in Congress aiming to take down the new health insurance reform laws and states trying to figure out how to deal with the new regulations concerning surplus …
Almost immediately after being sworn into office on Tuesday, California Insurance Commissioner Dave Jones signed an emergency order to enforce the medical loss ratio. the MLR rules require insurers to annually disclose the percentage of premium revenue spent on reimbursement …
As California’s third elected insurance commissioner, Steve Poizner has had a wealth of accomplishments. Among other things, he: reduced the Department of Insurance’s operating budget by 13 percent, which allowed him to reduce fees for agents, brokers and insurers and …
In 2009, independent insurance agents and brokers faced a “perfect storm” with the economic downturn, premiums at a fraction of what they used to be, and unemployment and home foreclosure rates up, said Kevin Baker of San Jose, Calif.-based Suhr …
Certificates of insurance can create problems for insurance agents, especially in the areas of commercial property and the construction industries. The potential for disputes to arise is so great that a regulator recently felt the need to remind agents and …
