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News Story
3/27/2011
Posted by Mark Reback
Austin, Texas -- It took more than three hours, for the National Association of Insurance Commissioner's Professional Health Insurance Advisers Task Force to agree to hold off on deciding whether to endorse a federal bill that would exempt commissions paid to insurance agents and brokers from the medical loss ratios required under the...
News Release
3/25/2011
Posted by Carmen Balber
Washington, DC — Consumer Watchdog today exposed documents obtained from the National Association of Insurance Commissioners (NAIC) showing that insurance salespeople are paid as much as 20% of a consumer’s health insurance premiums.   A second document is a draft letter from the NAIC asking the White House to delay key...
News Story
3/25/2011
Posted by Mark Reback
A consumer advocacy group, pushing back strong against insurance brokers’ and agents’ request for relief from a healthcare reform provision, published documents on Friday showing they are paid as much as 20 percent of a customer’s insurance premium. The nation’s insurance commissioners this weekend are set to consider a...
News Story
3/25/2011
Posted by Mark Reback
Austin, Texas - Everything may be bigger in Texas, but at the National Association of Insurance Commissioners meeting opening here today, the key action hinges on the small but crucial details of insurance regulation. In its two previous meetings, the NAIC took hotly debated votes to move forward on the medical loss ratio regulation, laying out...
News Release
3/24/2011
Posted by Carmen Balber
Washington, DC -- State insurance commissioners meeting this weekend in Austin, Texas will decide whether to sponsor legislation that would raise health insurance premiums and demolish consumer protections, said Consumer Watchdog. The legislation, written by lobbyists for insurance brokers, would preserve broker sales commissions and benefit the...
News Story
3/23/2011
Posted by Mark Reback
Vote to determine health insurance rates could be affected by lobbyists, industry insiders Consumer Watchdog, the nonpartisan consumer advocacy agency, on Tuesday warned that close ties to the insurance industry through lobbying, contributions, and appointments could affect an upcoming vote on Sunday by the National Association of Insurance...
News Release
3/22/2011
Posted by Carmen Balber
Washington, DC– A majority of the National Association of Insurance Commissioners (NAIC), which is meeting in Austin, Texas, this week to make key decisions on issues that will determine how much Americans have to pay for health insurance, has ties to the insurance industry, according to an analysis released today by Consumer Watchdog....
News Story
3/22/2011
Posted by Mark Reback
The California nonprofit Consumer Watchdog on Tuesday released a new report outlining state regulators' ties to industry. The report coincides with this weekend's spring meeting of the National Association of Insurance Commissioners, where regulators are expected to consider legislation that would shield agents and brokers from some of...
News Story
3/22/2011
Posted by Mark Reback
At least 26 of the commissioners at the National Association of Insurance Commissioners (NAIC) have strong ties to the insurance industry, Consumer Watchdog says. Consumer Watchdog, Santa Monica, Calif., reports that 24 commissioners worked in the insurance industry before being appointed and that two elected commissioners – Ralph Hudgens...