Insurance Commissioner

Ambac had insured a small portion of the bonds, and holders of the insured debt received full and well timed cost from Ambac, which demonstrated the value of bond insurance coverage to the market. The 2022 California Insurance Commissioner election shall be held on November 8, 2022, to elect the Insurance Commissioner of California. It … Read more

With a number of extensions, this policy not solely retains your property safe but additionally lessens the extent of the loss or damage that you may endure inflicting a huge monetary burden, and thus, it provides you relief from such anxiety. Individual coverage costs more if it is purchased after a person becomes unhealthy but … Read more

As of 2011, a complete national plan to deal with what universal well being plan supporters phrases “America’s uninsured crisis”, has yet to be enacted. Teresa Chovan, Hannah Yoo and Tom Wildsmith “Individual Medical health insurance: A Comprehensive Survey of Affordability, Access, and Benefits” Archived November 27, 2007, at the Wayback Machine, America’s Medical insurance … Read more

He leads the Office of Insurance Regulation (OIR) and has oversight of one in all the biggest insurance coverage markets on this planet. Subsequent to the downgrade, MBIA announced that National would stop, for the time being, the pursuit of latest bond insurance coverage enterprise. To safeguard these affected by the business of insurance by … Read more

A couple of states have achieved progress in direction of the objective of universal health insurance coverage, akin to Maine, Massachusetts, and Vermont, however other states including California, have failed attempts of reforms. While a few of these handle inter-departmental points, the insurance agency additionally consists of the state Fire Marshall and regulation of “preneed” … Read more

The mission of the State of South Carolina Department of Insurance is to guard the insurance coverage shoppers, the public interest, and the insurance coverage marketplace by making certain the solvency of insurers; by imposing and implementing the insurance coverage legal guidelines of this State; and by regulating the insurance coverage industry in an efficient, … Read more

There are implications of high rates of uninsurance for communities and for insured people in these communities. “While I recognize the said intent of this invoice is to protect consumers, and there are portions of this legislation … Rhode Island Governor Dan McKee has vetoed legislation concerning auto body insurance claims that he said would … Read more

In January 2012, Assured Guaranty acquired a bond insurance subsidiary that was owned by Radian Asset but never launched, renamed it Municipal Assurance Corp. Since then, because the variety of uninsured has risen from about forty six million in 2009 to 48.6 million in 2012, the variety of preventable deaths on account of lack of … Read more

Notably, AGM and AGC didn’t insure such CDOs, which has allowed Assured Guaranty to proceed writing enterprise throughout the monetary crisis and ensuing recession and recovery. Subsection 2 of the same part requires that the Insurance Commissioner shall not hold or occupy any other workplace until accepted in writing by the President, besides that the … Read more

The Association assists in the detection and prevention of insurer insolvencies and gives a mechanism for the cost of lined claims for insurance coverage policies written by licensed property and casualty insurance companies to avoid extreme delay in cost and to avoid monetary loss to claimants or policyholders due to insurer insolvencies. Bond insurers are … Read more