Tag: Insurance Regulation

Consumer Advocate Highlights Risk of Unclaimed Benefits in Life Insurance and Annuities

A consumer advocate warns state insurance regulators about the risk that life insurance policies, pensions, and annuity benefits may go unclaimed, posing challenges for providers and regulators.

Florida Citizens Property Insurance Board Approves 2.6% Residential Rate Reduction

Florida Citizens Property Insurance plans a 2.6% average residential rate cut for 2024, driven by 2022 litigation reforms and ongoing depopulation efforts to stabilize the insurance market.

IRS Expands Health Savings Account Eligibility Amid GOP ACA Subsidy Shift

The IRS expands Health Savings Account eligibility as GOP plans to let Affordable Care Act subsidies expire reshape the U.S. health insurance landscape. Legislative debates and enrollment fraud issues loom.

Senate Proposes Health Care Freedom Act Amid Concerns Over Obamacare Subsidy Fraud

Senate Finance Committee explores the Health Care Freedom for Patients Act addressing Obamacare subsidy fraud and sustainable health care reforms to lower premiums.

NAIC Prepares for FEMA Reform Amid NFIP Funding Challenges

NAIC anticipates FEMA reforms to enhance disaster aid and resolve National Flood Insurance Program funding issues, impacting federal disaster funding and insurance regulation.

21 States Challenge ACA Tax Credit Extension with Abortion Coverage Restrictions

A coalition of 21 states led by Arizona AG Kris Mayes opposes conditioning ACA premium tax credit extensions on abortion coverage bans, citing state sovereignty and health access concerns.

NAIC Proposes Eliminating Investment Subsidiary Reporting in Insurer Statements

NAIC proposes phasing out investment subsidiary reporting in insurer annual statements and RBC instructions to improve transparency and regulatory oversight in insurance investment practices.

VA Updates SGLI and VGLI Accelerated Benefit Rules to Allow Alternate Applicants

The VA amends SGLI and VGLI Accelerated Benefit Option rules to permit alternate applicants, enhancing access for medically incapacitated servicemembers and veterans.

Federal Judge Rules ACA Unconstitutional, Challenges Key Healthcare Protections

Federal court ruling finds ACA unconstitutional, impacting protections for pre-existing conditions and Medicaid; public opinion shifts influence healthcare insurance markets.

GAO Report Highlights Persistent ACA Enrollment Fraud Despite New Federal Rules

The GAO 2025 report reveals persistent fraud in ACA enrollments with unauthorized plan changes despite new CMS federal rules, urging stronger verification for insurance marketplaces.