California Department of Insurance: $54 Million Recovered in 2011

The California Department of Insurance recovered more than $54 million for consumers through consumer complaint investigations and market conduct examinations of insurance companies in 2011, California Insurance Commissioner Dave Jones announced on Tuesday. The department’s consumer services and market conduct branch has two divisions. One division focuses on assisting consumers and the other focuses on examinations of insurance companies.

Kansas Insurance Regulator Rebuffs Proposed Workers’ Comp Rate Increase

Kansas’ top insurance regulator has refused a proposed workers’ compensation rate increase and actually got the rate to drop slightly, the state insurance department announced. Insurance Commissioner Sandy Praeger rebuffed a recommendation for a workers’ comp rate increase from the National Council on Compensation Insurance Inc. (NCCI).

Jones Clears Way for California’s “Principally At-Fault” Regulations

California Insurance Commissioner Dave Jones on Wednesday announced the final approval of amended regulations that simplify the requirements for determining whether a driver is principally at-fault (PAF) for an accident, which impacts consumers’ ability to obtain good driver discounts under Proposition 103.

Administration Grants States Leeway on Health Benefits Package

The Obama administration has rolled out a benefits framework for millions of people who will get private insurance through the health care overhaul, but states will decide the specifics. The new law calls for the federal government to set a basic benefits package for private insurance. But that’s tricky territory for the administration as it tries to avoid the “big brother” label on health care

Appeals Court in Texas Accepts State Farm Refunds Case

State Farm Insurance has asked an appeals court to throw out an order requiring the company to refund about $350 million to Texas customers. A three-judge panel of the 3rd Court of Appeals in Austin took the case under advisement on Dec.

Nevada Caughlin Ranch Fire Claims Exceed $16 Million

Nevada’s insurance carriers have reported they have received around 600 claims as a result of the Caughlin Ranch Fire resulting in more than $16 million in claims, Nevada’s insurance commissioner said on Friday. The losses from the fire, which forced close to 10,000 to evacuate, destroyed 32 homes and destroyed nearly 2,000 acres, was mostly due to fire, wind or smoke damage, according to Nevada Insurance Commissioner Scott J. Kipper

Perfect Storm of Conditions Fueled Big Reno Fire

One of the worst fires in Nevada’s history was nearly a perfect storm of unfavorable conditions and unfortunate circumstances, and both the state’s governor and top insurance regulator praised insurance carriers in the state for their quick response.

FEMA Agrees to Re-Inspect North Carolina Homes

The Federal Emergency Management Agency says its flood insurance arm will re-inspect more eastern North Carolina homes and businesses damaged during Hurricane Irene after owners complained claims adjusters weren’t doing a good job. FEMA announced Wednesday the National Flood Insurance Program re-inspections will begin immediately.

Colorado Workers’ Compensation Rates to Rise in 2012

Colorado employers will see an increase in workers’ compensation insurance premiums in 2012. The Colorado Division of Insurance announced that the “loss costs” component of workers’ compensation premiums will go up 3.7 percent in 2012. The 2012 increase follows an increase of 3.4 percent in 2011 after nearly a decade of decreases in loss cost rates.

Baker Joins Texas Agent Group as Director of Health Insurance Information

Misty Baker has joined the Independent Insurance Agents of Texas as director of health insurance information. In this newly created role, Baker will serve as a member resource for agency personnel working in life and health lines, including employee benefits

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