Maryland Insurance Administration News

Maryland Insurance Commissioner Goldsmith to Step Down in January

Maryland Insurance Commissioner Therese M. Goldsmith — who was appointed by Democratic Gov. Martin O’Malley in 2011 for a four-year term that ends on May 31, 2015 — will step down from her post on Jan. 21, 2015, a Maryland …

Maryland Insurers Using ‘Price Optimization’ Ordered to File Corrective Action Plan

The Maryland Insurance Administration (MIA) issued a bulletin alerting insurers that the use of “price optimization” in Maryland is in violation of §27-212(e)(1) of the state’s Insurance Article. MIA said it is requiring insurers that currently utilize price optimization to …

Maryland Insurance Commissioner Appoints 2 to Top Posts

Maryland Insurance Commissioner Therese M. Goldsmith announced the appointment of Michele T. Oshman as the state’s associate deputy insurance commissioner and Victoria August as associate commissioner for compliance and enforcement at the Maryland Insurance Administration (MIA). As associate deputy commissioner, …

Grodin Named Maryland’s Deputy Insurance Commissioner

Maryland Insurance Commissioner Therese M. Goldsmith announced the appointment of Nancy Grodin as deputy insurance commissioner. As deputy commissioner, Grodin will oversee day-to-day operations of the Maryland Insurance Administration (MIA), an independent state regulatory agency that regulates Maryland’s $26 billion …

Maryland Insurance Administration Names Director of Government Relations

The Maryland Insurance Administration (MIA) has promoted Nancy Egan to director of government relations.In her new role, Egan will be responsible for evaluating issues related to the regulation of insurance and the development of insurance markets. She will represent the …

A Roundup of Maryland’s New Insurance Laws From 2013 Legislative Session

The Maryland Insurance Administration issued a bulletin this week summarizing new insurance legislation from the Maryland General Assembly’s 2013 session that have been signed into law by Gov. Martin O’Malley. The following is a summary of Maryland’s new property/casualty insurance-related …

Maryland Insurance Administration Issues First-Ever Civil Fraud Orders

The Maryland Insurance Administration on Tuesday issued its first administrative orders under newly granted authority to pursue civil cases of insurance fraud. The authority took effect last October following passage of legislation by the 2012 Maryland General Assembly. Previously, the …

Maryland Insurance Regulators Set Up Facebook Page to Help Consumers

Maryland Insurance Administration announced this week that the agency has set up a new Facebook page to reach out to the state’s consumers.Maryland residents with questions about insurance now can follow the Maryland Insurance Administration on Facebook to find useful …

Maryland Regulators Offer Tips on GAP Insurance

The Maryland Insurance Administration is offering advice to car owners about risks of a total loss and how GAP insurance can help them. The officials said that car owners sometimes assume − incorrectly − that if their cars are considered …

Maryland High Court Sides With Allstate in Coastal Homeowners Case

The Maryland Court of Appeals, the state’s highest court, ruled in favor of Allstate last week. It upheld a previous lower court’s ruling that the insurer was within its rights to stop writing new homeowners policies in coastal areas of …