Nevada’s Director of the Department of Business and Industry, Terry Reynolds yesterday announced the appointment of Nick Stosic as Interim Insurance Commissioner at the Nevada Division of Insurance, effective today. The appointment was made following the resignation of Barbara Richardson, who has served in the role since March 2016. Stosic most recently served as the […]
Allstate-Brand Auto Rates Raised 8.9% Across Six Markets
Georgia Insurance Commissioner warns of 25% Allstate rate increase coming in September. The Allstate Corporation (NYSE: ALL) provided an update on catastrophe losses and its ongoing program to raise auto insurance rates to address rising costs during July. “Allstate will continue to implement significant rate actions in the second half of 2022 in response to […]
California Insurance Commissioner Investigated Over Campaign Finance Complaints
Regulator investigates insurance companies funneling $122,500 to Lara campaign. According to the nonprofit Consumer Watchdog, seven insurance companies have contributed $122,500 to the LGBTQ Caucus, which in turn spent the money on an independent expenditure campaign to re-elect Ricardo Lara as insurance commissioner without disclosing the source of the donations. Consumer Watchdog filed a complaint […]
Pennsylvania Insurance Commissioner Jessica Altman to Step Down
Pennsylvania Governor Tom Wolf announced that the Pennsylvania Insurance Department (PID) Commissioner Jessica Altman will resign her position with the commonwealth on Friday, February 25. “Commissioner Altman has been a steadfast leader for Pennsylvanians throughout her tenure in state government including protecting access to high-quality, affordable health care by holding insurance companies accountable, ensuring adequate […]
Mark Afable Steps Down as Wisconsin Insurance Commissioner
Wisconsin Governor Tony Evers announced Insurance Commissioner Mark Afable is leaving the Evers Administration. Commissioner Afable will leave his position in December and retire from public service. “Mark has been a part of our administration from the very beginning, and his dedication to expanding health insurance access, protecting a competitive insurance marketplace, and building insurance […]
Allan McVey Appointed West Virginia Insurance Commissioner
West Virginia Governor Jim Justice announced that he has appointed Allan L. McVey as West Virginia Insurance Commissioner. McVey has served as Cabinet Secretary of the West Virginia Department of Administration since January 2019. McVey previously served as West Virginia Insurance Commissioner from March 2017 until his appointment as Secretary of Administration. McVey fills the […]
California Insurance Commissioner Orders Allstate, Mercury, and CSAA to Refund Excess Auto Insurance Profits Due to Covid or Face Legal Action
California Insurance Commissioner Ricardo Lara on October 6 directed three auto insurance companies to reimburse California drivers the excess premiums they were charged from the start of the pandemic, or face legal action. The Commissioner’s order is directed at Allstate Northbrook Indemnity Company, Mercury Insurance Company, and CSAA Insurance Exchange. Together, these companies insure approximately […]
Ridling Celebrates 13 Years as Alabama Insurance Commissioner
Commissioner Jim Ridling is celebrating 13 years with the Alabama Department of Insurance. Ridling joined the department in September 2008. He is Alabama’s longest-serving Commissioner of Insurance and the longest-serving appointed Insurance Commissioner in the nation. Originally appointed by Governor Bob Riley, he was reappointed by Governor Robert Bentley in 2011 and by Governor Kay […]
Cassie Brown Appointed Commissioner of Insurance in Texas
Texas Governor Greg Abbott has appointed Cassie Brown as the Commissioner of Insurance for a term set to expire on February 1, 2023. Cassie Brown of Austin has served as the Commissioner of Workers’ Compensation since June 2018. Previously, she served as is deputy commissioner for Regulatory Policy at the Texas Department of Insurance. In […]
California Insurance Commissioner Says Auto Insurers Overcharged Drivers as Accidents Plummeted Due to Pandemic
Orders insurance companies to report by April 30 how they will return additional premiums back to California policyholders, also seeks additional data about commercial insurance losses. After a systematic review of data submitted by insurance companies, California Insurance Commissioner Ricardo Lara has found that insurance companies continue to “…overcharge consumers despite drastically reduced risk of accidents […]