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Virginia names new insurance commissioner
Virginia officials have named Scott A. White to be the commonwealth’s next insurance commissioner, following the previously announced retirement of current Commissioner of Insurance Jacqueline K....
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Virginia gives thumbs down to Anthem, Cigna merger
Virginia’s State Corporation Commission’s Bureau of Insurance released a long-awaited analysis of the proposed merger between insurers Anthem and Cigna, finding that Anthem’s intended $54 billion...
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Va.’s SCC scrutinizes proposed merger of Anthem, Cigna
Virginia’s State Corporation Commission held its only scheduled public hearing on the proposed $48 billion merger of Anthem Inc. and Cigna Corp. on Wednesday, during which opponents voiced concerns...
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Va. Bureau Of Insurance warns about short-term, limited-benefit health plans
Virginia’s Bureau of Insurance issued a statement warning Virginians not to fall victim to high-pressure telemarketers selling short-term or limited benefit health insurance policies. According to the...
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Va. Bureau of Insurance appoints new P&C deputy commissioner, creates new...
The Virginia State Corporation Commission’s Bureau of Insurance has appointed Rebecca Nichols as its new deputy commissioner for the Property and Casualty Division. Nichols succeeds Mary Bannister, who...
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Va. insurance regulator issues hurricane preparedness warning to state residents
Virginia’s top insurance regulator issued hurricane preparedness warning to state residents. The following is that statement: SCC’S Bureau of Insurance encourages Virginians to prepare now for...
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Virginia adopts new rules on long-term care insurance
Virginia’s State Corporation Commission said it has adopted new regulations governing long-term care insurance policies in Virginia. The new rules are aimed at helping reduce the burden of premium...
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SCC encourages Virginians to talk to their financial professionals about...
The Virginia State Corporation Commission, which oversees the commonwealth’s insurance and securities regulators, issued a statement to Virginia residents encouraging them to discuss cyber security...
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Va. officials warn commonwealth residents about unregistered high-yield...
Virginia’s State Corporation Commission warned consumers recently about unregistered high-yield investment plans with the following statement: The State Corporation Commission encourages Virginians to...
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Virginia SCC sets hearing on workers’ compensation premium level adjustments
The State Corporation Commission (SCC) has scheduled an October hearing to consider a request filed by the National Council on Compensation Insurance, Inc. (NCCI) to adjust the premium levels charged...
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Virginia sets workers’ compensation premium level adjustments
The State Corporation Commission (SCC) has approved revisions to the premium levels charged for workers’ compensation insurance in Virginia. Workers’ compensation insurance provides medical care and...
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Cigna Healthcare of Mid-Atlantic fined $40,000 in Virginia
Cigna Healthcare of the Mid-Atlantic was fined $40,000 by Virginia insurance regulators after a market conduct examination found numerous violations of state laws and requirements. As part of the...
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Agent loses Md. non-resident license after Va. calls his license inactive
A Virginia man who obtained a non-resident insurance license in Maryland last year had his license revoked in May because his Virginia license became inactive. The man, Diego Bauer, requested Dec. 1,...
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Agent in New York prohibited from selling insurance in Virginia
A man from Woodbury, N.Y., had his insurance agent’s license revoked in Virginia, records from that state show. Richard Striano failed to report to the Virginia State Corporation Commission an...
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Virginia Insurance Commissioner Gross to retire Dec. 31
Update: Former Va. insurance commissioner Al Gross dies Virginia Insurance Commissioner Alfred W. Gross, one of the longest serving at that post in the nation, plans to retire Dec. 31. Alfred W. Gross...
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Agent allegedly sold Va. cities surety bonds without being licensed
An insurance agent and two companies are accused of selling surety insurance in Virginia without being licensed, according to state records. The Virginia State Corporation Commission Bureau of...
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Virginia ends moratorium on Shenandoah Life policy payments
The three-year moratorium on payments to policyholders of Shenandoah Life Insurance Co. has come to an end with the insurer’s sale, Virginia insurance regulators say. Since the moratorium was...
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Virginia approves United Prosperity’s purchase of Shenandoah Life
Update: Virginia ends moratorium on Shenandoah Life policy payments The Virginia State Corporate Commission (SCC) approved a rehabilitation plan for Roanoke-based Shenandoah Life Insurance Co., which...
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Va. looking for feedback on workers’ comp. premium increases
The Virginia State Corporation Commission (SCC) scheduled a hearing in Richmond Oct. 27 on proposed adjustments to premiums levels charged for workers’ compensation insurance. The National Council on...
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Former Virginia insurance commissioner Al Gross dies
Alfred W. Gross, one of the longest serving insurance commissioners in the U.S., died this week, less than seven months after he gave up his post has Virginia’s insurance regulator. He was 64. Alfred...
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