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VCIA 2018: Strength of Vermont Regulators May Help Number of Arc Formations

Captive Insurance Times (08/09/18) Holmes, Ned Vermont Captive Insurance Association President Rich Smith said at the group’s annual conference that the strength of the captive regulators in Vermont could help increase the number of affiliated...

No Vermont Captives Are Writing Cannabis Risks Due to Drug Classification

Business Insurance (08/09/18) Gonzalez, Gloria David Provost, deputy commissioner of captive insurance at the Vermont Department of Financial Regulation, said at the Vermont Captive Insurance Association’s conference that most captives...

N.D. Insurance Commissioner Backs Attorney General in ACA Lawsuit

Bismarck Tribune (ND) (08/09/18) Dura, Jack North Dakota Insurance Commissioner Jon Godfread has voiced support for Attorney General Wayne Stenehjem’s entry into a Texas federal lawsuit seeking to overturn the Affordable Care Act (ACA)....

Commissioner: State Law Bars Sale of Administration’s ‘Junk’ Short-Term Health Plans

CT Mirror (08/09/18) Radelat, Ana According to the Connecticut Insurance Department, state law prohibits the sale of skimpy “short-term” plans that are being promoted by the Trump administration as a less expensive alternative to...

Flames Inch Close to California Homes as Thousands Evacuate

Associated Press (08/10/18) Myers, Amanda Lee Evacuation orders expanded to more than 20,000 residents in Southern California on Aug. 9 as an intentionally set blaze raged perilously close to homes. The Holy Fire surged through the Cleveland...

Liquidity Crunch Is the New Bubble Gripping Credit Investors

Bloomberg (08/07/18) Burger, Dani; Verma, Sid Credit buyers are increasingly worried about a liquidity crunch, citing “vanishing” liquidity as a chief concern on Bank of America’s latest client survey. “It’s not...

Texas Windstorm Insurance Association: Rates Inadequate by More Than 30 Percent

Insurance Journal (08/09/18) The board of directors of the Texas Windstorm Insurance Association (TWIA) voted recently to increase rates for residential and commercial properties by 10 percent next year. However, TWIA said feedback from a diverse...

40,000 People in the Triangle Will Have to Switch Doctors or Health Insurers

Raleigh News & Observer (08/09/18) Murawski, John Approximately 40,000 people in North Carolina’s Wake and Durham counties who obtain their insurance on the Affordable Care Act (ACA) marketplace have until Dec. 15 to decide whether...

ACA Group Filings Further Underline Small Business Challenges

Greater Fort Wayne Business Weekly (08/10/18) Boulrisse, Chelsea According to the Indiana Department of Insurance (IDOI), 10 insurers submitted proposed increases for small group health insurance rates for 2019. United Health Care has requested...

TDCI, NAIC Share Tips on Flood Insurance, What to Do During a Flood

Tennessee Department of Commerce and Insurance (08/09/18) In Tennessee, most homeowners do not have flood insurance. To raise awareness of the importance of flood insurance, the Tennessee Department of Commerce and Insurance (TDCI) and the National...