OLYMPIA, Wash. — Insurance Commissioner Mike Kreidler issued fines in June totaling $40,863 against insurance companies and insurance producers who violated state insurance laws and regulations.

Unauthorized insurers

Drico Insurance Company, Salt Lake City, Utah; fined $1,000 (order 23-0133).

Drico, a nonresident captive insurer, transacted insurance business in Washington without being registered to do so by the OIC.

Christian Care Ministry, Melbourne, Fla.; fined $33,363 (order 22-0132).

Christian Care Ministry, Inc. acted as an unauthorized insurer by…

OLYMPIA, Wash. — Washington state Insurance Commissioner Mike Kreidler has adopted a rule that requires insurance companies to explain premium increases to their policyholders in language they can understand. 

“If your insurance company is going to increase your premium, you have a right to know why,” Kreidler said. “This is pretty basic information you should expect from your insurance company, but we hear from hundreds of consumers every year who cannot get a clear, understandable answer on why they’re being charged more.”

When consumers’ auto or homeowners insurance…

OLYMPIA, Wash. — Claims denied without a suitable explanation. Frustrating delays in hearing back from insurance companies. Initial app-based repair estimates coming in thousands of dollars below the final cost.

Washingtonians have been filing complaints about their auto and homeowners insurance issues at a record pace, and Insurance Commissioner Mike Kreidler announced Monday he’s hosting a workshop next month to hear from consumers, insurers and other parties on the reasons for the increase. 

The Office of the Insurance Commissioner has reported a historic volume of…

OLYMPIA, Wash. — Insurance Commissioner Mike Kreidler issued fines in April and May totaling $398,500 against insurance companies that violated state insurance laws and regulations.

Insurance companies

LifeWise Health Plan of Washington, Mountlake Terrace, Wash.; fined $250,000 (order 23-0068).

During the COVID-19 pandemic, LifeWise incorrectly processed 4,133 virtual mental health claims for 871 consumers, which resulted in $75,366 in overpayments to providers.  LifeWise also incorrectly coded 6,591 COVID-19 testing claims in 2020 and 2021. Of those claims, 4,357…