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R&A Insurance, Inc Blog: 6_2010

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HARRISBURG, Pa., June 9 /PRNewswire-USNewswire/ -- Governor Edward G. Rendell today announced that the Insurance Department is investigating Pennsylvania's nine largest health insurance companies to determine the reasons behind a pattern of controversial rate increases, and especially the extent to which those increases are driven by the use of questionable health profiling tools. READ MORE >>

Jim Sullivan lost his job as a manager at a wholesale distributor in June 2009, but he kept his health insurance thanks to the stimulus bill, which lowered his monthly premium from $638 to $223. Unfortunately for anyone laid off after May 31, House Democrats decided to forgo reauthorizing the 65 ... READ MORE >>

Health insurers writing policies in Maryland can change their forms to say “age 26,” instead of “age 25,” for their dependent coverage without the prior approval of the Maryland Insurance Administration. READ MORE >>

Florida's governor vetoed a property insurance reform bill Tuesday. Gov. Charlie Crist said in a memo that he was concerned the legislation would make it easier for insurers to increase residential premiums in Florida. READ MORE >>

It might not translate into better behavior on the highways, but a national driving test shows that Maryland's drivers made a remarkable improvement in their knowledge of the rules of the road over the past year. After lagging in the bottom fifth the past two years, Maryland drivers ranked 20th in the 2010 version of the GMAC Insurance National Drivers Test. READ MORE >>

Gov. Martin O'Malley was expected to announce an administrative and legislative initiative to spur venture capital investment in Maryland's technology sector. The program is called "InvestMaryland" and it will be run by the Maryland Department of Business and Economic Development. READ MORE >>

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