insurer solvency News

East Regulation Report Card: Vermont Ranks Best for 3rd Straight Year

The R Street Institute, a nonprofit public policy research organization headquartered in Washington, D.C., has found that Vermont has the best insurance regulatory environment in the U.S. for the third straight year in its annual Insurance Regulation Report Card. The …

Ohio Insurer Disclosure Bill Passed by Legislature

The recent passage of consumer protection legislation provides the Ohio Department of Insurance with better, more common sense tools when it comes to evaluating the financial health of Ohio’s insurance industry, according to Lt. Governor Mary Taylor. Taylor also serves …

Iowa, Nebraska Officials Seek to Close Insurance Co-Op

Iowa’s top insurance official announced plans to ask a court to end a cooperative that was selling health insurance to residents in Iowa and Nebraska – a move that will limit options for consumers in both states. Iowa Insurance Commissioner …

Florida Revises Insurer Solvency Review Process

The Florida legislature has approved legislation setting out new insurer solvency requirements while also requiring individuals to disclose information about any affiliated company. Sponsored by Senator David Simmons (R-Altamonte Springs) and Representative Clay Ingram (R-Pensacola), the bill (SB 1308) closely …