Latest Insurance industry regulation News

Nevada jury says health insurer undercut ER reimbursements

Dec. 01, 2021 19:27 PM EST

LAS VEGAS (AP) — A jury in Nevada has found one of the nation’s largest health insurers liable for underpaying millions of dollars to out-of-network emergency medical providers in what plaintiffs’ attorneys argued was a systematic bid to boost company profits. The...

Lawmakers outline insurance complaints after Hurricane Ida

Dec. 01, 2021 15:47 PM EST

BATON ROUGE, La. (AP) — Slow responses to damage claims. Constant switch-ups of insurance adjusters assessing the destruction. Low payment offers forcing people unnecessarily into litigation to get a fair deal. Louisiana lawmakers and others said Wednesday that those...

New Mexico sees lower costs worker's compensation insurance

Nov. 30, 2021 00:15 AM EST

SANTA FE, N.M. (AP) — New Mexico insurance regulators are reducing a key component in rates for workers' compensation coverage that should help employers spend less, starting next year. The Superintendent of Insurance Office on Monday announced a 5.5% reduction in...

Court largely upholds North Dakota law regulating PBMs

Nov. 19, 2021 14:19 PM EST

BISMARCK, N.D. (AP) — A federal appeals court has largely upheld a North Dakota law aimed at regulating companies that are hired to hold down prescription costs for insurers and employers. A three-judge panel of the 8th U.S. Circuit Court of Appeals ruled on Wednesday,...

Massachusetts Senate approves sweeping mental health bill

Nov. 17, 2021 19:09 PM EST

BOSTON (AP) — The Massachusetts Senate unanimously approved a bill Wednesday that would guarantee Massachusetts residents are eligible for annual mental health wellness exams at no cost — akin to annual physical exams. The sweeping bill, which passed on a 39-0 vote,...

Editorial Roundup: Michigan

Nov. 15, 2021 09:14 AM EST

Traverse City Record-Eagle. Nov. 14, 2021. Editorial: Lingering lead water lines are a nationwide problem Just because we can’t see something, doesn’t mean it won’t hurt us. It seems we find ourselves relearning that lesson...

Bill would guarantee annual mental health wellness exams

Nov. 12, 2021 13:10 PM EST

BOSTON (AP) — Massachusetts residents would be eligible for annual mental health wellness exams — akin to annual physical exams — at no cost under a sweeping mental health bill set to be debated by the state Senate next week. The bill would also create an online...

Reforms are bitter pill for some whose kids had brain injury

Nov. 06, 2021 03:17 AM EDT

MIAMI (AP) — Leanne Lewis was sleeping late on her 26th birthday when she was awakened by the piercing sound of her mother-in-law’s screams: “Brady! Brady! Brady!” Lewis’ 4-year-old son, BradyJ Lee Yarbrough, who had been stricken with catastrophic brain damage...

Michigan drivers will get insurance refunds; details coming

Nov. 03, 2021 22:29 PM EDT

LANSING, Mich. (AP) — All insured Michigan drivers will be getting refunds due to a $5 billion surplus in a fund that reimburses insurers medical and other costs for people seriously injured in crashes. The Michigan Catastrophic Fund Association's board said Wednesday...

Whitmer: Give drivers insurance refunds of up to $675 a car

Nov. 01, 2021 20:00 PM EDT

LANSING, Mich. (AP) — Gov. Gretchen Whitmer called Monday for insurance refunds of up to $675 per vehicle to be quickly issued to drivers. In a letter to the Michigan Catastrophic Claims Association, the Democratic governor cited a surplus of $5 billion that she...