Tag: Insurance Compliance

North Carolina Updates Auto Insurance Rules Effective July 1

North Carolina's new auto insurance rules effective July 1 introduce higher liability limits, surcharges for new drivers, and changes to moving violation points, affecting premiums and policy management.

Saifr Launches AI Agent to Streamline Life Insurance Advertising Compliance

Saifr introduces an AI-driven compliance agent for life insurance and annuity advertising, enhancing regulatory adherence and operational efficiency for insurers.

Pfizer Engages with U.S. Government on Drug Pricing Policy Discussions

Pfizer and other pharmaceutical firms have discussed most-favored-nation drug pricing with the U.S. government, highlighting potential impacts on insurance and payer strategies.

Investigation into Alleged Unrequested Policy Cancellations at Farmers Insurance in California

An investigation reveals claims of unrequested insurance policy cancellations by Farmers Insurance in California, affecting senior clients and raising compliance concerns. Industry professionals should note implications for customer communication and regulatory oversight.

Loophole in ACA Enables Sale of Low-Cost Health Plans with Coverage Concerns

A loophole in the Affordable Care Act has led to the sales of low-cost health insurance plans by a former sitcom writer, raising concerns about coverage adequacy and regulatory compliance in the U.S. health insurance market.

California Class Certification Granted in Good Driver Rate Lawsuit

California court certifies class in lawsuit against insurers for failing to offer lowest rates to good drivers, involving National General subsidiaries and over 900,000 consumers.

Senate Introduces Insurance Data Protection Act to Limit Federal Overreach

Senate introduces the Insurance Data Protection Act to reaffirm state regulatory authority and limit the Federal Insurance Office's data collection powers, protecting insurer data and reducing compliance costs.

Alabama Delays AI Regulation in Health Insurance Claims Processing

Alabama postpones legislation regulating AI use in health insurance claims, emphasizing human oversight and collaborative stakeholder discussions for transparency and accountability in insurer decision-making.

Court Allows FCA Whistleblower Case Against UnitedHealthcare Over Medicare Advantage Billing

Federal court permits whistleblower's False Claims Act allegations against UnitedHealthcare for improper Medicare Advantage billing to move forward, highlighting legal risks in healthcare billing compliance.

Medicare Enrollment Rules: Individual Plans Don't Delay Part B Without Penalty

Medicare does not recognize individual health plans as qualifying employer coverage for delaying Part B enrollment. Self-employed individuals must enroll timely to avoid penalties.