Arkansas Insurance Department News

Arkansas Insurance Department Helped Consumers Recover $3.8M in 2015

The Arkansas Insurance Department reported that its Consumer Services Division (CSD) recovered $3,843,969 for Arkansas insurance consumers in 2015. Recoveries are dollar amounts in excess of the amounts initially offered by insurance companies. In 2014, $3,803,830 was recovered. During 2015, …

Special Purpose Captive Insurer Approved in Arkansas

Diamond Risk Insurance LLC, a wholly-owned subsidiary of Baptist Health, has been approved as a captive insurer by the Arkansas Insurance Department. Arkansas Insurance Commissioner Allen Kerr said Baptist Health is the first entity in Arkansas to create its own …

Western National Approved to Offer Insurance in Arkansas

The Arkansas Insurance Department announced that Western National Mutual Insurance Co. (WNIC) has been approved to conduct business in Arkansas. WNIC is the parent company of the Western National Insurance Group with more than 110 years of experience serving policyholders’ …

Arkansas Agents Honor Chief Deputy Commissioner Blasingame

The Independent Insurance Agents of Arkansas awarded Lenita Blasingame, chief deputy commissioner at the Arkansas Insurance Department, with the Allan Kennedy Memorial Award. The award, presented at the agent group’s 114th Annual Convention, is named for one of the founders …

Blasingame to Retire as Arkansas Chief Deputy Commissioner

Arkansas Insurance Commissioner Allen Kerr announced that long-time insurance employee, Chief Deputy Commissioner Lenita Blasingame, has decided to retire at the end of June after nearly 50 years with the Arkansas Insurance Department. Kerr named Russ Galbraith as her replacement. …

Arkansas Insurance Department Initiates State Based System Process

The Arkansas Insurance Department announced that it has completed the initial phase of the State Based Systems (SBS) implementation process, making it the latest state to take advantage of the National Association of Insurance Commissioners’ (NAIC) electronic application for its …

Insurance Licensing to Halt in Arkansas for 10 Days in October

Arkansas Insurance Commissioner Jay Bradford is alerting insurance agents, agencies and others that the Arkansas Insurance Department (AID) is converting to a new State Based Systems (SBS) which will mean a temporary stoppage in the processing of appointments, renewals and …

5 Companies Filing 2015 Plans on Arkansas Health Insurance Marketplace

Arkansas Insurance Commissioner Jay Bradford announced that five companies have filed to sell individual health insurance plans on Arkansas’ Federally-facilitated health insurance Marketplace for the 2015 plan year. The issuers filing for qualified health plan certification are: Arkansas Blue Cross …