Latest Insurance industry regulation News

The Latest: Donelon wins 4th term as insurance commissioner

Oct. 12, 2019 11:09 PM EDT

BATON ROUGE, La. (AP) — The Latest on Louisiana's election (all times local): 10:10 p.m. Jim Donelon has reached a fourth term as Louisiana's insurance commissioner after a hard-fought, intraparty battle to hang on to the job. Voters on Saturday reelected the Republican incumbent to another four-year stint...

China announces timetable for opening finance industries

Oct. 11, 2019 7:51 AM EDT

BEIJING (AP) — China announced a timetable Friday for carrying out a promise to allow full foreign ownership of some finance businesses, starting with futures traders on Jan. 1, as Beijing tries to make its slowing economy more competitive and efficient. Ownership limits will be ended for mutual fund...

Aging Holocaust survivors try to sue over Nazi-era insurance

Oct. 8, 2019 5:01 PM EDT

AVENTURA, Fla. (AP) — When David Schaecter was a child in Slovakia in the 1930s, he counted more than 100 people in his extended family. By the end of World War II, he alone survived. The rest had been killed in Nazi concentration camps or by roving SS death squads. Schaecter lost not only his family, but...

Wisconsin Senate approves insurance for police survivors

Oct. 8, 2019 1:04 PM EDT

MADISON, Wis. (AP) — The state Senate has approved a bill that would force the state, municipalities and universities to continue paying health insurance premiums for immediate survivors of police officers and emergency medical workers killed in the line of duty. The bill would require the state,...

California OKs pharmacists to dispense HIV prevention meds

Oct. 7, 2019 7:32 PM EDT

SACRAMENTO, Calif. (AP) — Pharmacists in California will be able to dispense HIV prevention pills to patients without a doctor's prescription after Gov. Gavin Newsom signed legislation Monday that supporters say will greatly reduce the spread of infection. Advocates of Senate Bill 159 say California is the...

Family to get insurance benefits from line-of-duty death

Oct. 4, 2019 2:32 PM EDT

KELSO, Wash. (AP) — A new Washington state law has helped allow the family of a firefighter who died in the line of duty to collect insurance benefits from his death. The Longview Daily News reports that the law recognizes PTSD as an occupational disease for firefighters, medics and law enforcement...

Suit challenges changes to Michigan auto insurance law

Oct. 3, 2019 6:36 PM EDT

LANSING, Mich. (AP) — Crash victims and a brain-injury rehabilitation facility challenged Michigan’s new auto insurance law Thursday, contending that pending limits on reimbursement rates for nursing and other care violate their constitutional rights. The lawsuit, filed in Ingham County Circuit...

Former North Carolina GOP chair expected to plead guilty

Oct. 2, 2019 3:08 AM EDT

CHARLOTTE, N.C. (AP) — A former North Carolina Republican Party chairman is expected to admit in court that he lied to federal agents conducting a bribery investigation of a major political donor. Documents filed in federal court last week show Robin Hayes is scheduled to enter a guilty plea on Wednesday...

Tennessee gov names his 3 picks to sports betting board

Sep. 30, 2019 6:25 PM EDT

NASHVILLE, Tenn. (AP) — Gov. Bill Lee's appointees to a regulatory board for Tennessee's new online-only sports betting law include a law enforcement official, a local school board member and a commercial insurance company owner. Lee's office announced Monday he has selected Kevin Carroll of Williamson...

Arkansas approves rate increases for insurers on exchange

Sep. 25, 2019 6:24 PM EDT

LITTLE ROCK, Ark. (AP) — Arkansas officials have approved an average rate increase of about 2% next year for the four companies providing coverage through the state's insurance exchange under the federal health care law. Insurance Commissioner Allen Kerr on Wednesday said taxpayers and exchange customers...