CALIFORNIA New insurance
commissioner, Dave Jones, issues emergency order to enforce
medical loss ratio rules that limit premium revenue spent on
non-claim costs, meaning broker commissions cannot be excluded
from the MLR calculation. State Office of Administrative Law
approved the order as an emergency regulation through July 26,
ILLINOIS As of March 1, no
workers comp settlement contracts will be approved before the
case has been assigned a case number and setting. Pro se
contracts occurred 3,500 times last year. The Workers
Compensation Commission says, without the case numbers, it
cannot follow up or make sure the cases get entered into the
KANSAS Mark Birdsall
appointed chief actuary for the Insurance Department, replacing
Larry Bruning who has moved to the NAIC in Kansas City.
Birdsall was an external consultant and a full-time actuary for
Security National Life in Salt Lake City. >> Other staff
changes at the department include the appointment of Zachary J.
C. Anshutz as general counsel; Kevin Davis as head of consumer
assistance and government affairs; Cindy Hermes as healthcare
consumer ombudsman; and Linda Sheppard as project manager for
implementation of healthcare reform law.
LOUISIANA 69% of rebates for
2006 assessments on commercial and personal policyholders that
funded bonds to keep Citizens Property Insurance solvent went
unclaimed by 2010 deadline. The rebates were widely advertised,
but $133 million went unclaimed and into the state treasury.
Another $229 million worth paid from 2007 are available through
the end of this year.
MARYLAND Gov. Martin
O’Malley has proposed a quid pro quo for insurers in his
“Invest Maryland” plan. The program would give tax
credits to carriers for investing in the $100 million venture
capital plan to create jobs in the life sciences, biotech,
aerospace and cyber security industries.
MASSACHUSETTS State to allow
commercial property insurers to exclude from commercial fire
policies coverage for fire following acts of terrorism. New law
effective April 13. Clients can request the peril be added back
in, but additional costs may apply.