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.
Insurance investigations recover nearly $1.4M for Mainers
Additionally, policies valued at $818,000 were matched to Mainers through the National Association of Insurance Commissioners Life Insurance Policy Locator.
Credit: AP Published: 2:40 PM EST February 11, 2021 Updated: 2:42 PM EST February 11, 2021
AUGUSTA, Maine Maine Bureau of Insurance Superintendent Eric Cioppa announced Thursday that nearly $1.4 million was recovered for Maine consumers through investigations conducted by the Bureau’s consumer divisions in 2020.
Additionally, policies valued at $818,000 were matched to Mainers through the Life Insurance Policy Locator, managed by the National Association of Insurance Commissioners (NAIC), of which Maine is a member.
“Throughout 2020, despite the majority of our staff working remotely, we maintained our normal daily schedules and support services for consumers and also put in place a number of pandemic-related orders and bul