Advertisement
HomeCollectionsMaryland Insurance Commissioner
IN THE NEWS

Maryland Insurance Commissioner

NEWS
March 4, 1991
State rules insurance policies can't be canceledMaryland Insurance Commissioner John A. Donaho has announced that the insurance policies of Marylanders serving in the Persian Gulf cannot be canceled while they are on active duty.In a Notice and Order involving more than 1,400 insurance companies licensed to operate statewide, Donaho said life insurance policies "may not be terminated by the insurer because of any military service of the insured, and unless the policy contains war restrictions, benefits under the policy may not be reduced by reason of any loss resulting directly or indirectly from services of the insured in the military, naval or air forces in the United States."
Advertisement
BUSINESS
By Patricia Meisol and Patricia Meisol,Sun Staff Writer | May 24, 1994
Blue Cross and Blue Shield of Maryland, smarting from losses on its federal contract to pay doctor bills for the elderly, said yesterday that it would give up the prestigious contract rather than make the big investment needed to keep it.As many as 230 people who work at the insurer's Timonium offices for claims processing could lose their jobs as a result.The insurer has been under sustained pressure from the Health Care Financing Administration since at least 1992 to improve or lose the contract.
NEWS
July 31, 2003
ASLEEP AT THE switch while the company was nearly spirited out from under them, members of CareFirst BlueCross BlueShield's discredited board of directors suddenly woke up angry at everybody but themselves. They vowed recently in interviews with The Sun's Dan Thanh Dang to vigorously fight civil charges that they allowed CareFirst executives to run roughshod over state insurance laws. They claimed they were collateral damage in a vindictive campaign by the General Assembly against CareFirst CEO William L. Jews.
NEWS
By Andrew A. Green and Andrew A. Green,SUN STAFF | March 12, 2004
The questionable use of price guides by insurance adjusters after Tropical Storm Isabel may be to blame for many of the low settlement offers reported by homeowners seeking to repair damaged houses from Maryland to North Carolina, insurance and construction experts say. The pricing structure in computer software that some adjusters used after the September storm relies on estimates for new construction. But documents and interviews with policy holders show that the software was used after Isabel to work up settlement offers for repair or restoration jobs -- work that is generally more expensive.
NEWS
By Laura Smitherman and Laura Smitherman,Sun reporter | February 1, 2008
Pamela Morris thought she got a good deal on car insurance when she obtained private coverage three days after renewing a policy with Maryland's insurer of last resort. But those few days cost her. Like most motorists insured by the Maryland Automobile Insurance Fund, Morris went through a specialized finance company several years ago for a loan to pay the entire annual premium of $2,100 upfront to the state agency, as required by law. When she canceled the coverage, the finance company charged her $140 in interest and $35 in fees.
NEWS
By Patricia Meisol and Patricia Meisol,Staff Writer | July 8, 1992
A U.S. Senate subcommittee ordered Blue Cross and Blue Shield of Maryland yesterday to turn over nearly 10 years of data about its finances as part of a growing probe into some of the nation's largest and best-known health insurance plans.In a far-reaching subpoena to the Maryland Blues, the Senate Permanent Subcommittee on Investigations asked for the financial records of 21 separate companies created by the insurer in the past decade, some of them without the state's knowledge.Further, the panel is demanding what could be hundreds of boxes of documents regarding Blue Cross' cash flow, contracts, taxes, board meetings, loans, investments, actuarial data, claims files, correspondence with consumers and its entire payroll for the period.
BUSINESS
By Jay Hancock | January 23, 2005
CAREFIRST BlueCross BlueShield, Maryland's biggest health insurer, says its plan to shrink potential revenue by $60 million and book a smaller profit for 2005 is part of its new, enlightened mission as a nonprofit do-gooder. I don't buy the reason. The rest of the industry is doing the same thing - restraining price and revenue increases to gain new customers. Playing copycat makes business sense for CareFirst or any insurer. And business sense continues to be the main motivator for this organization - bigger, fuzzier "nonprofit" label or not. As it should.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | May 28, 2004
Open enrollment. All pre-existing conditions accepted. No co-payments or deductibles. Sounds like a good deal on health insurance. Except it may not be health insurance. And it may not be a good deal. Maryland Insurance Commissioner Alfred W. Redmer Jr. conducted an informational hearing yesterday into the proliferation of medical and pharmacy discount cards. During the past decade, a number of insurers, pharmaceutical companies and others have offered legitimate programs to provide discounts on prescriptions, dentistry, eyeglasses and other health services.
NEWS
By Rona Kobell and Andrew A. Green and Rona Kobell and Andrew A. Green,SUN STAFF | March 21, 2004
Six months after Tropical Storm Isabel surged through Maryland, the sounds of rebuilding fill the streets from Bowleys Quarters to Shady Side. Jackhammers pound and buzz saws whir, while residents wonder how close the reconstruction will bring them to recovery. Though Maryland's most destructive storm in recent memory ended for many residents when the lights flicked back on and the yard dried out, Isabel's legacy endures, particularly in Baltimore, Anne Arundel and Dorchester counties.
BUSINESS
By Adele Evans and Adele Evans,SPECIAL TO THE SUN | August 25, 2002
Two years ago, Maryland Insurance Commissioner Steven B. Larsen bundled his auto and homeowner's coverage under one insurance company. The resulting "multipolicy discount" was a good way for him to consolidate accounts and save money. Then he added a liability policy with coverage that went beyond the limits of his basic homeowner's policy. Such creativity could be the key to surviving a difficult cycle in the homeowner's market, insurance officials say. Careful shopping, using the same company for more than one type of insurance and raising policy deductibles can be critical in obtaining new policies in the coming year.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.