Washington State Levies Over Half a Million in Fines Against Insurance Violators
Olympia, Washington — The Washington state insurance commissioner, Mike Kreidler, has imposed fines totaling $576,500 on various insurance entities for breaches of state insurance regulations during the months of October and November 2024. These fines were targeted at insurance companies, agents, brokers, and unlicensed groups who failed to adhere to legal standards. In significant penal actions, PacificSource Health Plans received a fine of $100,000 for errors in processing insurance claims related to mental health and dietary consultations. The insurer was found to have wrongly charged co-pays, despite the policies explicitly stating that such services would … Read more