Page 3 - Eric Cioppa News Today

State insurance regulators said the merger of the individual and small group markets will promote price stability and lower premiums.

State insurance regulators said the merger of the individual and small group markets will promote price stability and lower premiums.

The measure introduced by Sen. Ned Claxton, D-Auburn, aims to reduce the price of the costliest prescription drugs for Mainers.

Senior Health Insurance Company of Pennsylvania was put into rehabilitation in 2021 by the Commonwealth Court of Pennsylvania after regulators said it was “statutorily insolvent.”

On Tuesday, February 8, 2022, Maine Insurance Superintendent Eric Cioppa issued a Cease and Desist Order against Senior Health Insurance Company of Pennsylvania (SHIP). Superintendent Cioppa also scheduled a virtual public hearing for Friday, February 18 at 9 a.m., to consider whether the Order should remain in place.

<p><span>Today, U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) in executive and open sessions by videoconference. </span></p>

Thousands of worried Mainers seek the state's protection from triple-digit premium hikes.

Genworth Life Insurance Co., with which nearly 4,100 Mainers have policies, is seeking premium increases of up to 178 percent on various plans in 2022.

<p><span>Today, U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) in executive and open sessions by videoconference. </span></p>

<p><span>U.S. Treasury Secretary Janet L. Yellen today convened a meeting of the Financial Stability Oversight Council (Council) in executive and open sessions by videoconference.</span></p>