Latest Insurance industry regulation News

California health exchange rates to increase 1.8% in 2022

Jul. 28, 2021 13:43 PM EDT

SAN FRANCISCO (AP) — Individual insurance premiums on California's health exchange for the uninsured will go up 1.8% on average next year — a low increase credited to record enrollment and increased competition among health carriers, officials announced Wednesday. In...

Timeline remains the same to update unemployment system

Jul. 27, 2021 14:06 PM EDT

Kentucky hopes to stay on course to overhaul its outdated technology for processing jobless claims in two to three years, despite renewing its search for a company to handle the job, the state's new labor secretary told lawmakers on Tuesday. Labor Secretary Jamie Link...

Deadline coming on WA long-term care: private or state plan?

Jul. 27, 2021 12:35 PM EDT

OLYMPIA, Wash. (AP) — Two years ago, Washington became the first state in the nation to establish a defined benefit to help offset the costs of long-term care. Now, workers have just a few months to decide whether they want to buy a private plan and opt out of the state-managed program...

Jurors convict former Georgia insurance chief in $2.5M fraud

Jul. 22, 2021 20:50 PM EDT

ATLANTA (AP) — It took less than two hours Thursday for jurors to decide that Georgia's suspended insurance commissioner was indeed a “fraudster” and not an innovator, as they convicted Jim Beck on 37 criminal counts relating to more than $2.5 million he embezzled from his former...

Editorial Roundup: Florida

Jul. 21, 2021 14:33 PM EDT

South Florida Sun Sentinel. July 16, 2021. Editorial: The Legislature abused Floridians’ approval of medical marijuana. Now, the courts are too Whether medical marijuana is wise or necessary is not for Florida’s courts to say. The people of our...

Polis: Colorado program keeps health insurance costs low

Jul. 20, 2021 19:53 PM EDT

DENVER (AP) — Health insurance premiums are expected to stay stable next year for individuals buying coverage on the Colorado insurance exchange, continuing a cost-saving trend under a state-run program that covers the most expensive cases, Gov. Jared Polis said Tuesday. ...

Beck testifies cash from Georgia insurer was for real work

Jul. 20, 2021 19:42 PM EDT

ATLANTA (AP) — Georgia's suspended insurance commissioner testified at his federal fraud trial Tuesday, saying he oversaw valuable work for his former employer and that hundreds of thousands of dollars that flowed to an entity he controlled was not part of a scam. Jim...

Montana businesses encouraged to report unemployment fraud

Jul. 20, 2021 18:38 PM EDT

HELENA, Mont. (AP) — Montana employers are encouraged to notify the Montana Department of Labor and Industry if an unemployment insurance claimant fails to appear for a scheduled interview under a new policy announced by Gov. Greg Gianforte Tuesday. Gianforte said...

McKee veto: Auto body legislation would hurt consumers

Jul. 17, 2021 10:06 AM EDT

PROVIDENCE, R.I. (AP) — Rhode Island Gov. Dan McKee has vetoed legislation regarding auto body insurance claims that he said would ultimately burden consumers. “While I recognize the stated intent of this bill is to protect consumers, and there are portions of this...

Cybersecurity concerns lead Kentucky to rebid contract

Jul. 14, 2021 17:18 PM EDT

FRANKFORT, Ky. (AP) — Concerns about cybersecurity have led the state of Kentucky to extend its search for a company to modernize its pandemic-stressed unemployment insurance system, Gov. Andy Beshear's administration said Wednesday. The need for additional safeguards...