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The state’s unique bifurcated regulatory structure involves two primary entities: the DFS, traditionally led by the chief financial officer and responsible for managing consumer services, including the intake and initial processing of insurance complaints; and the OIR, headed by the insurance commissioner, overseeing insurer licensing, rate approvals, and market conduct examinations.
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[ad_1] This incentive is provided in the form of an increase in the Rate of Guaranteed Additions. It is applicable to different categories of existing policyholders, including the nominee or beneficiary of a deceased policyholder, for the Base Plan (under both Option-I and Option-II). The eligible categories are as follows: An existing policyholder who has…
[ad_1] Jump to winners | Jump to methodology Experts in excess and surplus Insurance Business America’s 2025 data reveals that the best wholesale brokers and MGAs are becoming a bigger part of the industry as retail brokers rely on them more. Compared to last year’s survey, there has been a jump from 23.35 percent to 33…
[ad_1] In April, Centene’s subsidiary, SilverSummit Healthplan was selected by the Nevada Department of Health and Human Services to continue providing Medicaid services, including the expansion of Medicaid Managed Care into rural and frontier areas. The contract, set to begin in January 2026, has a five-year term, with an option for a two-year extension. [ad_2]…
[ad_1] He cautioned that if the bill becomes law, insurers will have to reassess risk pricing in Florida, and reinsurers are likely to follow suit. He added that these changes would ultimately impact policyholders through higher premiums, calling the bill a reversal of recent reforms. [ad_2] Source link
[ad_1] As federal oversight pulls back, school districts are taking insurance into their own hands [ad_2] Source link
[ad_1] In response to rising cost pressures, auto insurers saw underwriting results deteriorate, prompting significant adjustments to pricing strategies. “(Auto insurance providers) sought and received approval to raise rates. So, you’ve had several years of back-to-back, in some cases double-digit, rate increases. It culminated in 2024, with underwriting results showing a big improvement as a…
