California Insurance Commissioner

United States Health Insurance Market Analysis Report 2023: A $1,639 Billion Industry by 2028 from $1,150 Billion in 2022 - Competition, Forecasts and Opportunities - ResearchAndMarkets.com

Retrieved on: 
Friday, December 15, 2023
Health, Health Insurance, Preferred provider organization, United States Census Bureau, Medicaid, Conditional sentence, Affordable Care Act, Prevalence, California Insurance Commissioner, International Diabetes Federation, Cardiovascular disease, Insurance, Elevance Health, Patient, National Association, USD, Telehealth, Health maintenance organization, NAIC, COVID-19, ACA, Cancer, Plasma protein binding, POS, Growth, Hospital, Diabetes, DSM-IV codes, Trump, Health insurance, Cigna

The "United States Health Insurance Market Competition, Forecast and Opportunities, 2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "United States Health Insurance Market Competition, Forecast and Opportunities, 2028" report has been added to ResearchAndMarkets.com's offering.
  • United States health insurance market is expected to reach a value of $1639.44 billion by 2028, up from $1150.23 billion in 2022, driven by the increasing private health insurance provider and rising medical expenditures during the forecast period.
  • The United States health insurance market has experienced significant growth over the past decade, driven by several factors, such as rising healthcare costs, increasing awareness of health insurance, and a surging population.
  • The United States offers ample opportunities for health insurance companies to expand their offerings beyond traditional health insurance products.

Enrolling in Marketplace Coverage for 2024

Retrieved on: 
Tuesday, November 7, 2023
NAIC, Family, Platinum, Gold, California Insurance Commissioner, Health insurance, Silver, Hospital, National Association of Insurance Commissioners, Multimedia, National Association, Life insurance

WASHINGTON, Nov. 6, 2023 /PRNewswire/ -- The open enrollment period for 2024 health insurance coverage through marketplaces and other individual plans began on November 1. The National Association of Insurance Commissioners (NAIC) shares what you need to know to enroll.

Key Points: 
  • Consumers in many states use the federal marketplace through HealthCare.gov , and for them, open enrollment runs Nov. 1, 2023 – Jan. 15, 2024.
  • Those who currently have marketplace coverage, or will need it in 2024, should make time to shop for plans.
  • If you already have coverage through a marketplace plan, review your information to make sure it is accurate.
  • If your plan is no longer available in 2024, you should receive a notice from your insurer and the marketplace.

The Society of Financial Service Professionals Names Jesse Dogillo 2023-2024 President

Retrieved on: 
Wednesday, October 11, 2023
San Francisco Bay Area, FSP, MBA, Chfc, RICP, California Insurance Commissioner, CLU, JD, University, Small business, CMS, AEP, Society, CFP, New York State Insurance Department, Service provider, Personal, CPCU, CPC, CEBS, Silicon, Management, Financial adviser

ARDMORE, Pa., Oct. 11, 2023 /PRNewswire-PRWeb/ -- The Society of Financial Service Professionals (FSP), a nationwide, multidisciplinary network of accomplished financial advisors, has elected Jesse G. Dogillo, CFP, CLU, ChFC, AEP, to the office of president for 2023-2024. Mr. Dogillo assumed office on September 1, 2023.

Key Points: 
  • ARDMORE, Pa., Oct. 11, 2023 /PRNewswire-PRWeb/ -- The Society of Financial Service Professionals (FSP), a nationwide, multidisciplinary network of accomplished financial advisors, has elected Jesse G. Dogillo, CFP, CLU, ChFC, AEP, to the office of president for 2023-2024.
  • Mr. Dogillo is principal and founder of Bay Area Financial Advisers, where he provides financial advisory services to individuals and small business owners in Silicon Valley.
  • He has over 30 years of experience in the financial services industry, having been vice president of Curtis Financial, Inc. from 1988 to 1995, before founding his own firm.
  • Mr. Dogillo was also the president of the Santa Clara County Estate Planning Council 2019-2020 and the Nor-Cal Chapter Asian-American Financial and Insurance Professionals Association 2016-2017.

Securing Your Sanctuary: A Guide to Home Selection With Insurance Risk in Mind for Bay Area Home Buyers

Retrieved on: 
Tuesday, October 3, 2023
Insurance, Uncertainty, Estate agent, Face, Allstate, Wildfire, Policy, Eye, Research, Multimedia, Climate change, SAN, California Insurance Commissioner, Knowledge, Insurance commissioner, State Farm, Napa State Hospital, Real estate, Property insurance, Reinsurance, Risk management, San Francisco Bay Area, Farmer

SAN FRANCISCO, Oct. 3, 2023 /PRNewswire-PRWeb/ -- Atlasa is the world's first and only data-driven Real Estate Brokerage. Our team seeks to provide home buyers and sellers with timely insights about the real estate market to keep you informed about your home search.

Key Points: 
  • With major insurers like State Farm and Allstate halting homeowners insurance coverage in California, it has become imperative for potential buyers to select a home with insurance risk in mind.
  • With major insurers like State Farm and Allstate halting homeowners insurance coverage in California, it has become imperative for potential buyers to select a home with insurance risk in mind.
  • Governor Gavin Newsom and California's Insurance Commissioner, Ricardo Lora, have acknowledged the need for significant changes to regulate the state's home insurance market.
  • So, what can Bay Area home buyers do to secure their sanctuary in the face of these insurance challenges?

Financial Advisor Team Nautilus Wealth Management Joins UBS in La Jolla

Retrieved on: 
Tuesday, June 20, 2023
Banking, Asset Management, Professional Services, Finance, Online, University, Education, First Republic, Life, California Insurance Commissioner, Boston University, Senior Managers Regime, Business administration, Series 7, Student, Strategic management, Bachelor of Arts, Certification, UBS, SIE, Wells Fargo, First Republic Bank, San Diego State University, Financial adviser

UBS today announced that Financial Advisors Gregg Palmer and Jason Kaimer, of Nautilus Wealth Management Group, have joined the firm’s La Jolla/San Diego office of the UBS Pacific Desert Market.

Key Points: 
  • UBS today announced that Financial Advisors Gregg Palmer and Jason Kaimer, of Nautilus Wealth Management Group, have joined the firm’s La Jolla/San Diego office of the UBS Pacific Desert Market.
  • He focuses on developing and implementing comprehensive wealth management solutions for his clients, with the assistance of a multi-disciplinary team of specialists.
  • Prior to joining UBS, Gregg worked at First Republic for nearly 12 years where he held the titles of Managing Director and Wealth Advisor.
  • Jason Kaimer also joins UBS as a Financial Advisor and has more than 30 years of experience working in financial services.

Mark Farrah Associates Assessed Year-Over-Year Health Insurance Segment Profitability

Retrieved on: 
Monday, June 19, 2023
Insurance, Finance, Hospitals, Banking, Professional Services, Health Insurance, Managed Care, Health, General Health, NAIC, Medicare, Growth, Medicare Advantage, Medicaid, California Insurance Commissioner, MFA, National Association, Expatriate Health Coverage Clarification Act of 2014, Employers Group, Associate, Health insurance, Individual

Mark Farrah Associates (MFA), www.markfarrah.com , released an analysis brief providing insights into the 2022 profitability for commercial and government lines of health insurance business.

Key Points: 
  • Mark Farrah Associates (MFA), www.markfarrah.com , released an analysis brief providing insights into the 2022 profitability for commercial and government lines of health insurance business.
  • Financial insights were gleaned from aggregated 2021 and 2022 National Association of Insurance Commissioners (NAIC) statutory financial data from MFA’s Health Coverage Portal™.
  • For 2022, the average medical expense ratio for the Individual segment was 86.5%, as compared to 87.8% the previous year.
  • Mark Farrah Associates maintains financial data as well as enrollment and market share for the health insurance industry in its subscription-based Health Coverage Portal™ .

Author of Insurance Reform Prop 103 Says Its Protections Critical to Stopping Insurance Industry's Unjustified Rate Increases and Nonrenewals for Residential Coverage

Retrieved on: 
Wednesday, May 10, 2023
Commissioner, Insurance, CFA, Wildfire, Policy, Fire, Multimedia, Proposition 103, Consumer Watchdog, National Association of Insurance Commissioners, Thomas Edison, Condo, Recruit, Climate change, Documentation, California Insurance Commissioner, Capitol, Consumer Federation of America, National Association, PG&E, Book, Insurance commissioner, Legislation, Ridesharing, Renewable energy, Property management

SACRAMENTO, Calif., May 10, 2023 /PRNewswire/ -- Thirty-five years after California voters passed Proposition 103 to protect themselves against skyrocketing insurance rates, insurance companies' refusals to insure, and other abuses that destabilized California's economy, its author will testify before the Senate Insurance Committee today on how Proposition 103 addresses the similar crisis in home, condo and renters insurance today – and what more can be done.

Key Points: 
  • Rosenfield will reject the insurance industry's campaign to blame Proposition 103, and climate change, for companies' misconduct in the marketplace.
  • Require insurance companies to sell insurance to all residential property owners in California who meet state fire-mitigation guidelines.
  • Initiate a public investigation of whether the insurance industry is evading Proposition 103 when it sells insurance to condo associations.
  • Recruit and deploy more agency staff to ensure that rate applications and insurance companies' practices are closely reviewed as required by Proposition 103.

Mark Farrah Associates Assessed Mid-Year Health Insurance Segment Profitability

Retrieved on: 
Thursday, October 6, 2022
Insurance, Finance, Banking, Public Policy, Government, Healthcare Reform, Professional Services, Health Insurance, Health, Other Professional Services, LinkedIn, Medicaid, Growth, California Insurance Commissioner, Expatriate Health Coverage Clarification Act of 2014, MFA, Associate, High-deductible health plan, National Association, National Association of Insurance Commissioners, Employers Group, Medicare Advantage, Medicare, Industry, FREE, NAIC, Digital subscriber line access multiplexer, Health insurance, Individual

Mark Farrah Associates (MFA), www.markfarrah.com , released an analysis brief providing insights into mid-year profitability for commercial and government lines of health insurance business.

Key Points: 
  • Mark Farrah Associates (MFA), www.markfarrah.com , released an analysis brief providing insights into mid-year profitability for commercial and government lines of health insurance business.
  • Financial insights were gleaned from aggregated 2Q21 and 2Q22 National Association of Insurance Commissioners (NAIC) statutory financial data from MFAs Health Coverage Portal.
  • Mark Farrah Associates maintains financial data as well as enrollment and market share for the health insurance industry in its subscription-based Health Coverage Portal .
  • Committed to simplifying analysis of health insurance business, our products include: Health Coverage Portal , Medicare Business Online , Medicare Benefits Analyzer , County Health Coverage , Health Plans USA and 5500 Employer Health Plus .

2022 "Healthiest 100 Workplaces in America"

Retrieved on: 
Wednesday, October 5, 2022
High Point, Hospital, California Insurance Commissioner, Arizona Department, Workplace, National Association, Investment, Blue Cross Blue Shield Association, Administration, Public, Industry, Health, Highmark, Commissioner, Orange County Library System, Winston-Salem, North Carolina, City, Insurance, Baylor College of Medicine, Health insurance, Fast food, Phoenix, Kansas City metropolitan area

"This award speaks volumes to employers' investments in employee health beyond traditional physical wellness benefits."

Key Points: 
  • "This award speaks volumes to employers' investments in employee health beyond traditional physical wellness benefits."
  • To qualify for the national award, applicants are also scored on a section called "The Healthiest 100 Workplaces in America."
  • The 2022 Healthiest 100 Workplaces in America, with their headquarters location and number of employees, are:
    Baylor College of Medicine (Houston, Texas 10,962)
    National Association of Insurance Commissioners(Kansas City, Mo.
  • 1,661)
    Jamestown Board of Public Utilities (Jamestown, N.Y. 150)
    Highmark Blue Cross Blue Shield of Western New York(Buffalo, N.Y. 1,400)
    Johnson Kendall & Johnson (Newtown, Penn.

CSAA Took Advantage of Pandemic, Overcharged Policyholders by at Least $150 Million for Auto Insurance, Policyholder Lawsuit Says

Retrieved on: 
Tuesday, August 9, 2022
Multimedia, Insurance, COVID, Consumer Watchdog, COVID-19, CSAA, Superior court, Proposition 103, California Insurance Commissioner, Alameda County Superior Court, Insurance commissioner, N. O. Nelson, Ridesharing company

LOS ANGELES, Aug. 8, 2022 /PRNewswire/ -- CSAA – the northern California Auto Club affiliate – overcharged its customers by at least $150 million for auto insurance during the pandemic, and they're going to court to get their money back, said Consumer Watchdog today.

Key Points: 
  • The complaint also alleges that CSAA acted unfairly at a time of great hardship for many Californians.
  • During the pandemic, which began in March 2020, the number of miles driven by motorists fell dramaticallyand auto insurance claims submitted to CSAA dropped precipitously.
  • In 2020, CSAA only paid about 48.2 cents in claims for every dollar in premiums it collected from its auto policyholders.
  • According to the complaint, CSAA overcharged its customers by at least $250million between March 2020 and June 2021; of that amount, CSAA repaid only about $96million.