Over the next six months, the Maxims renovated their home and submitted proof of damages, demanding approximately $135,000. Their list includes additional living expenses, refurbishing the second floor bathroom and tile shower, recarpeting the stairs, refinishing hardwood floors, painting services, new kitchen appliances, plumbing upgrades, and a range of other items that are simply listed…
Separately, for prescription drug rebate denials, the Arkansas Insurance Department Bulletin provides that an insurer or PBM may appeal to the State Insurance Department within 90 days of the denial, must provide seven-day notice of intent to appeal to the Arkansas State Board of Pharmacy and the Arkansas State Medical Board, file by emailing the…
Meanwhile, Steadfast’s international businesses recorded strong growth with a 220.5% increase in net revenues to $56.4 million, helped by acquisitions and strong performance in specialty areas, including the contribution of Novum Underwriting Partners, acquired in August 2025, which the group said generated more than US$140 million in GWP and 60% organic growth. In a market…
It sets a new annual filing deadline of February 15 for all new or amended crop hail and supplemental crop product rate and form filings, and amendments to existing filings for use in a calendar year, to be submitted to the South Dakota Division of Insurance through SERFF. For insurers’ filing and actuarial teams, new…
The first was its employer’s liability exclusion, which was written to bar claims for bodily injury to the employee’s child as a result of the employee’s injury. The court found that the problem was that Domion’s complaint never actually described how the child was harmed. This left open a scenario where Pedro brought the chemical…
For insurance professionals working in Florida, including insurers, brokers, MGAs, underwriters and compliance teams, the Florida OIR release describes an unlicensed or unauthorized insurance entity as engaging in the business of insurance without obtaining the required license or authorization from the Florida OIR, including selling, soliciting, negotiating or advertising insurance products or insurance-related coverage –…
The revised Insurance Bulletin 206 is dated February 12, 2026, and signed by Commissioner Kaj Samsom on February 17, 2026, but does not specify an effective date for the updated guidance. The Department of Financial Regulation reiterates that under Title 8 VSA section 4724(9)(d) insurers must investigate reasonable claims based on all available evidence, and…
Here’s the short version: Xenex, a Colorado-based manufacturer of electrotherapy devices for pain management, reportedly made its money not by selling good products, but by filling patients with supplies they never asked for — electrode pads, batteries, the works — and then billing insurers for all of it. According to a federal indictment unsealed on…
In an earlier notice, within the Department of Professional and Financial Regulation, the Superintendent of the Maine Bureau of Insurance proposed to repeal Rule 160: “Summary Requirements for Qualifying Status to Transact ‘Export Lines’ of Insurance With Respect to Qualified Surplus Lines Insurer Risks That Are Residently Located or to be Executed in Maine.” In…
The Washington State Insurance Commissioner’s bill would also expand the statutory definition of victims of insurance fraud to include insurance consumers and insurance beneficiaries, making them eligible for criminal restitution, and expand statutory reporting of suspected insurance fraud to the Insurance Commissioner by adding regulators of health care or financial services businesses and other law…
