Indiana Department of Insurance News

Indiana Department of Insurance Launches Site for Reporting Cybersecurity Events

The Indiana Department of Insurance (IDOI) launched a new online form for insurers and entities to cybersecurity events. The online form can be found on IDOI’s website. “If an insurer and/or other licensed entity experiences any cybersecurity event that requires …

Indiana Insurance Commissioner Directs Grace Period for Residents Hit by Storms

Indiana Department of Insurance Commissioner Amy L. Beard issued a bulletin directing insurance companies to implement a 60-day cancellation moratorium for any policyholder directly affected by the recent weather events in Allen, Benton, Cass, Clinton, Howard, Johnson, Morgan, Owen, Sullivan, …

Indiana Says Medical Malpractice Surcharge Rates to Decrease in July

The surcharge rates for healthcare providers electing to be qualified under Indiana’s Medical Malpractice Act will go down in July, the Indiana Department of Insurance has announced. The department outlined the rate change in Bulletin 257 to healthcare providers and …

Indiana Insurance Dept.: Childcare Facilities Not in Danger of Losing Liability Coverage

In response to concerns that have apparently been raised regarding the status of liability insurance coverage for facilities that provide services such as childcare and meals to the community, the Indiana Department of Insurance said such facilities would retain their …

DOI: Workers’ Comp Rates in Indiana to Drop Again Next Year

Businesses in Indiana can expect to pay less for workers’ compensation insurance coverage next year, continuing a trend that has been ongoing for several years. Insurance Commissioner Stephen W. Robertson has approved an average 7.6 percent reduction for workers’ comp …

BusinessFirst Insurance OK’d to Offer Workers’ Comp in Indiana

BusinessFirst Insurance Co. has received all regulatory approvals from the Indiana Department of Insurance to begin offering workers’ compensation insurance coverage in the state, the company announced. Appointed agents may quote Indiana business with BusinessFirst for policies with effective dates …

Indiana Workers’ Comp Rates to Drop 9.3% Next Year

Indiana Department of Insurance Commissioner Stephen W. Robertson has approved a 9.3 percent reduction in workers’ compensation insurance rates that becomes effective Jan. 1, 2017. The approved rate decrease will result in savings of approximately $82.7 million dollars for Indiana …

Indiana Department of Insurance Approves Anthem’s Cigna Acquisition

The health insurer Anthem Inc. announced it has received approval from Indiana Department of Insurance Commissioner Stephen W. Robertson for the acquisition of Cigna HealthCare of Indiana Inc., a subsidiary of Cigna Corp. On July 23, 2015 Anthem and Cigna …