California Insurance Commissioner Ricardo Lara announced he has awarded $50,545,239 in grants to 34 district attorney offices representing 44 counties in California to combat insurance fraud. Under Commissioner Lara’s leadership, these grants, funded through annual employer assessments, support law enforcement efforts in investigating and prosecuting fraud and increase outreach to our communities. Commissioner Lara also […]
Justin Zimmerman Named Acting Banking and Insurance Commissioner in New Jersey
New Jersey Governor Phil Murphy announced that Marlene Caride, Commissioner of the New Jersey Department of Banking and Insurance, will depart the Murphy Administration to join the Judiciary as a judge of the New Jersey Superior Court. Caride was nominated by the Governor on June 1 to serve in Hudson County (Vicinage 6) and confirmed […]
Michael Humphreys Confirmed as Commissioner of Pennsylvania Insurance Department
On June 26, the Pennsylvania Senate unanimously confirmed Michael Humphreys to serve as Insurance Commissioner of the Pennsylvania Insurance Department (PID). Governor Josh Shapiro nominated Humphreys, who previously served as Acting Insurance Commissioner under Governor Tom Wolf. “I am honored to have the opportunity to serve the Commonwealth as Insurance Commissioner under Governor Shapiro’s dedicated […]
Michael Wise Confirmed as South Carolina Insurance Director
Michael Wise was confirmed by the South Carolina Senate as the next Director of the South Carolina Department of Insurance. “The Department of Insurance has done exceptional work during the short time that Mr. Wise has served as Acting Director,” said South Carolina Governor Henry McMaster. “From hurricanes to combating insurance fraud, he has repeatedly […]
Washington State Insurance Commissioner Kreidler Will Not Seek Re-Election
Washington State Insurance Commissioner Mike Kreidler sent an email to agency staff May 1 confirming that he will not seek re-election. Kreidler was first elected as the insurance commissioner in 2000. He was re-elected to his sixth term as one of the country’s 11 elected insurance commissioners in 2020. “Serving alongside you as Insurance Commissioner […]
Michael Wise Nominated to Be Next Director of the South Carolina Department of Insurance
South Carolina Governor Henry McMaster nominated Michael Wise to be the next director of the South Carolina Department of Insurance (DOI). Wise has worked at DOI since 2009 and currently serves as the agency’s acting director following the April 2022 retirement of former Director Ray Farmer. Prior to being acting director, Wise served as the […]
Consumer Group Concerned California Insurance Commissioner Approved Over $1 Billion in Auto Insurance Rate Hikes
Consumer Watchdog says Insurance Commissioner Lara’s approval last week of a $263.7 million rate hike by California’s largest insurer, State Farm, marks the latest in a flurry of approvals of unjustified 2023 auto insurance rate hikes by the top 6 auto insurers, collectively totaling over $1 billion. These companies insure approximately 48% of the state’s […]
Virginia and North Carolina Insurance Commissioner to Address April 12 SCRS Open Meeting
The Society of Collision Repair Specialists (SCRS) announced it will host a special open board meeting on Wednesday, April 12, from 8:00 – 11:30 a.m. in the Potomac Room at the Omni Richmond in Richmond, Va. The open board meeting will include a special educational session from 10:15 – 11:30 a.m., in collaboration with the […]
Pennsylvania Insurance Department Fines First Acceptance Insurance Company for Misleading Consumers
Acting Pennsylvania Insurance Commissioner Michael Humphreys yesterday released a market conduct examination report of First Acceptance Insurance Company that resulted in a $105,000 penalty. The examination found that agents for the company were misleading consumers and adding on optional third-party coverages without the consumer’s knowledge or full understanding. According to the market conduct report, two-thirds […]
North Carolina Rate Bureau Requests 28.4% Auto Insurance Rate Increase
Insurance Commissioner Mike Causey announced that the North Carolina Rate Bureau has submitted a rate filing with the N.C. Department of Insurance, requesting an increase for auto policies. In the filing, the bureau has requested an overall average statewide increase in private passenger auto insurance rates of 28.4 percent, which would become effective on October […]
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