Pennsylvania Insurance Department News

First Insurers to Retroactively Correct Workers’ Comp Charges Commended

Pennsylvania Insurance Commissioner Jessica Altman commended Zenith Insurance Company and ZNAT Insurance Company, the first insurers to submit informational workers’ compensation filings that describe how the insurance companies are retroactively correcting charges to employers for their workers’ compensation policies written …

Pennsylvania Insurance Commissioner Recommends Homeowners Reduce Property Hazards

Insurance Commissioner Teresa Miller advised consumers that the Pennsylvania Insurance Department is available to help homeowners adhere to reasonable requests by insurers to make their properties safer and avoid possible cancellation or non-renewal of their homeowners’ coverage. “A review of …

Pennsylvania Insurance Department Working on Hail Storm Assistance

The Pennsylvania Insurance Department is taking steps to help people affected by a hail storm that brought widespread damage to the eastern part of the state. The agency said Friday that it will allow out-of-state appraisers to speed property damage …

Pennsylvania Insurance Department Secures Dedicated Funding

Under Governor Tom Corbett’s recently signed 2013-14 budget and newly enacted legislation, Act 46, the Pennsylvania Insurance Department now has access to a dedicated funding source. This dedicated budget fund will be used by the department to pay all costs …

Pennsylvania Insurance Department Reports Record Year for Fines and Restitution

The Pennsylvania Insurance Department collected a record of nearly $18 million in fines and $13.4 million in restitution in 2012. The collections were from enforcement and market conduct actions, as well as 10 multi-state examinations where Pennsylvania was a lead …

Pennsylvania Insurance Department Assumes Regulatory Role for Global Insurer

Insurance Commissioner Michael Consedine today announced that the department has recently assumed the role of group-wide supervisor for the ACE Group. A new state law enhances the state’s oversight of some of the largest global insurance companies with a major …

Pennsylvania Insurance Department Approves Harleysville-Nationwide Merger

Pennsylvania Insurance Commissioner Mike Consedine announced today that the merger application for Harleysville Mutual and Nationwide Mutual insurance companies has been approved. This combined entity will have a greater statewide presence and offer more product selection to consumers. “Harleysville and …