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Warning: KLPP Counterfeit Insurance Policy

IVASS issued a warning regarding a counterfeit draft insurance bond (fideiussoria) bearing the name of KLPP Insurance & Reinsurance Company Ltd, a Cyprus-based insurer that has disavowed the document. KLPP is a legitimate insurer supervised by Cyprus authorities and authorized to operate in Italy under freedom of services in various damage classes including surety bonds (ramo 15 - Cauzione). IVASS recommends that consumers verify the legitimacy of insurance offers and intermediaries through its website before paying premiums.

Guidelines on Use of Aerial Imagery in Insurance Coverage Determinations

The Tennessee Department of Commerce & Insurance issued bulletin AerialImageryBulletin25-03 providing guidelines for insurance carriers using aerial imagery and drone photography when inspecting consumer properties. The bulletin warns that aerial imagery should not be the sole basis for coverage decisions and requires insurers to notify homeowners when such imagery is used. The bulletin also warns that using low-resolution or outdated aerial imagery to deny claims may constitute an unfair claims practice under Tenn. Code Ann. § 56-8-105.

462,000 Blue Cross Montana Customers' Medical Data Exposed in Third-Party Vendor Breach

The Montana Commissioner of Securities and Insurance has opened an investigation into Blue Cross Blue Shield of Montana after a data breach at third-party vendor Conduent Business Services potentially exposed the private medical information of 462,000 current and former customers. The breach, which occurred from October 2024 to January 2025, included Social Security numbers, birth dates, and medical service details. The company reported the breach to regulators nearly a year after discovering it, prompting scrutiny over whether it violated Montana's requirement to report data breaches without unreasonable delay. If violations are found, the commissioner may impose penalties of up to $25,000 per violation.

NIPR Phishing Scam Warning - Fraudulent Emails Requesting Payment

The Nebraska Department of Insurance is warning insurance agents about an active phishing email campaign impersonating the National Insurance Producers Registry (NIPR). The fraudulent emails reference past due invoices and appear to come from trusted domains like @nipr.com, @naic.org, or @stripe. NIPR and NAIC are investigating the campaign, with warning alerts posted on NIPR's website and licensing application center.

Ultimate Health Plans Inc Final Order

The Florida Office of Insurance Regulation issued a Final Order against Ultimate Health Plans Inc (UHP), a health maintenance organization with 7,705 Medicare Advantage subscribers, requiring the HMO to comply with Florida Insurance Code Part I of Chapter 641 within 30 days. The enforcement action stems from administrative service contracts with Mirra Health Care LLC and Customer Service and Technology Solutions LLC that lack statutorily mandated language permitting contract cancellation upon regulatory order issuance.

Ava Lakes LLC Consent Order - CCRC Provisional Certificate of Authority

The Florida Office of Insurance Regulation issued a Consent Order granting Ava Lakes LLC a Provisional Certificate of Authority and Certificate of Authority to operate a Continuing Care Retirement Community in Boynton Beach, Palm Beach County, Florida. The CCRC will include 738 independent living units and 83 healthcare units, managed by Erickson Senior Living LLC.

Kansas PBM Reform Legislation Signed by Commissioner Schmidt

Kansas Insurance Commissioner Vicki Schmidt signed the Kansas Consumer Prescription Protection and Accountability Act into law on April 9, 2026. The legislation targets pharmacy benefit managers (PBMs) by requiring them to pass all drug rebates to health plans and banning spread pricing. It also mandates equal reimbursement for all pharmacies and grants the Department of Insurance enforcement authority. The law takes effect July 1, 2026.

Insurance Bulletin 2026-009 Clarifies Medical Malpractice Premium Rate Filing Requirements Under Amended Act

The New Mexico Superintendent of Insurance issued Bulletin 2026-009 to clarify that commercial medical professional liability insurance carriers must file updated premium rates through SERFF following amendments to the Medical Malpractice Act effective May 20, 2026. The amended law caps punitive damages at approximately $1 million for independent providers, $6 million for local hospitals, and $15 million for large hospital systems. Carriers must file rate filings or notices of no premium decreases in Case No. 2026-0088.

Technical specifications on SNCU calculation criteria

EIOPA published technical specifications (EIOPA-BoS-26-102) to guide the identification of Small and Non-Complex Undertakings (SNCUs) and Groups (SNCGs) under the revised Solvency II proportionality framework. The document specifies which Quantitative Reporting Template (QRT) data points supervisory authorities and (re)insurers must use for SNCU/SNCG classification. These specifications aim to ensure convergent application of the new proportionality rules across all EU Member States upon the amended Solvency II Directive entering into application.