Firm pays $66,600 in restitution after Va. finds it used wrong rates
A Hartford, Conn.-based property-casualty insurance company paid $66,684 in restitution after Virginia insurance regulators found the company was using improper rate information. Trumbull Insurance Co,...
View ArticleCigna Healthcare of Mid-Atlantic fined $40,000 in Virginia
Cigna Healthcare of the Mid-Atlantic was fined $40,000 by Virginia insurance regulators after a market conduct examination found numerous violations of state laws and requirements. As part of the...
View ArticleNew workers’ comp. loss cost reductions take effect in Va. April 1
Virginia regulators approved decreases to a handful of workers’ compensation voluntary loss costs, including those for industrial, surface coal mine and underground coal mine classifications. The...
View ArticleChange to Va. agent ethics CE requirements, license reinstatement
Virginia’s Bureau of Insurance reminded insurers and agents that a new provision for continuing education credits, and a change in re-applying for a terminated license, are now in effect in the...
View ArticleVa. commissioner issues hurricane preparedness statement
Virginia Insurance Commissioner Jacqueline K. Cunningham issued a statement to Virginia consumers urging them to prepare a plan as hurricane season approaches, including the importance of obtaining...
View ArticleBeavers named head of agent regulation in Virginia, Gaudiose retires
Virginia’s State Corporation Commission’s (SCC) Bureau of Insurance has named Michael T. “Mike” Beavers deputy commissioner of its Agent Regulation Division. As deputy commissioner, he will oversee...
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