Washington State Insurance Commissioner Mike Kreidler News

Washington Commissioner Fined Insurers and Producers $66K

Washington state Insurance Commissioner Mike Kreidler fined insurers and producers $66,328 in January and February. Kreidler’s fines in January included New York Life Insurance Co. to the tune of $46,328 for failing to ensure its producers were up to date …

Washington Commissioner’s Orders Insurers to Extend Policyholders Protections for Wildfires

Washington state Insurance Commissioner Mike Kreidler issued an emergency order requiring all property/casualty insurers to provide additional protections for policyholders impacted by the Gray and Oregon Road fires. The emergency order was made possible by Gov. Jay Inslee’s emergency declaration. …

Insurers: Washington’s Proposal for More Premium Increase Explanations May Delay Filings

Insurers say a new regulation proposed by Washington state Insurance Commissioner Mike Kreidler that requires them to explain premium increases to their policyholders in language consumers can understand has the potential to delay rate filings. Kreidler announced the proposed rule …

Could More State Commissioners Require Climate Disclosure?

Max Messervy took a decidedly positive tack when pried again and again to reveal any negative reaction to a report he puts together every so often. Messervy, the insurance program manager at sustainability leadership advocate Ceres, is one of the …

Washington’s Kreidler Fines GEICO for Overcharging

GEICO, an auto insurer based in Maryland, has been fined $100,000 for a computer database error that caused the company to overcharge thousands of its Washington state customers. GEICO is also refunding $7.5 million, plus 8 percent interest, to the …