Washington, D.C.’s top insurance regulator apparently wasn’t impressed with a CareFirst BlueCross BlueShield subsidiary’s response on how to handle what’s been deemed an “excessive” surplus. In a long-awaited decision released Tuesday, D.C. Department of Insurance, Securities and Banking Commissioner Stephen Taylor said the Baltimore nonprofit insurer failed to follow his agency’s order last year to submit a plan for spending down a $56 million surplus at one of its subsidiaries, Group Hospitalization…
from http://www.bizjournals.com/baltimore/news/2016/06/14/carefirsts-plan-for-56-million-surplus-is-rejected.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/145926881147
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