Insurance News

Beware of fake insurance policies being sold via social media and word-of-mouth The Utah Insurance Department’s Fraud Division continues to see fake auto insurance policies being marketed to the Hispanic community using WhatsApp and by fake agents via word of mouth. “Unknown sellers, who we believe to be located outside of the United States, continue to market fake insurance policies

The Utah Insurance Department has proposed changing the State’s essential health benefit plan for the 2027 plan year. This plan will apply only to the individual and small employer comprehensive health insurance market. All changes to Utah’s benchmark plan will require approval by the Centers of Medicare and Medicaid services (CMS). The Department posted all proposed changes to the benchmark

The Department strives to ensure that Utah has an adequate and healthy insurance market. The purpose of this report is to provide an annual evaluation of Utah’s commercial health insurance market as required by Utah Code § 31A-2-201.2. […]

Know what it is going to cost before you sign. Don’t rely on your plumber or anyone else who refers a water mitigation company. Don’t accept referrals for services blindly. Be aware of equipment used.

Help Put an End to Insurance Fraud. Commit to reporting insurance fraud to authorities.

On December 12, 2024, Utah’s Third District Court issued an order placing Opticare of Utah into liquidation. The liquidation order appoints the Utah Insurance Commissioner as the company’s liquidator, and authorizes the Commissioner to: Affected parties with questions can contact Opticare of Utah in Liquidation at 801-595-8222. Information about the liquidation, including a copy of the order, is available at

Insurance fraud is a crime!$308.6 billion is lost to insurance fraud each year! It’s a crime we all pay for!Insurance fraud costs consumers approximately $900 a year in additional premiums! Report insurance fraud!If you believe someone’s committing insurance fraud REPORT IT! What is Insurance Fraud?

Whereas, insurance fraud poses a threat to the financial well-being of the hard-working citizens of the state of Utah; Whereas, fraudulent activities affect approximately 30% of Utah policyholders’ insurance premiums and are estimated to cost American businesses and consumers $308.6 billion annually; Whereas, insurance fraud manifests in various forms including arson, fictitious thefts, staged accidents, fictitious injuries, premium fraud, organized

The Utah Insurance Department warns consumers of unlicensed companies and individuals that offer coverage for packages that are damaged in shipping or stolen from porches. Some companies will use technicalities and fine print to avoid paying consumers. Others may not have the necessary cash on hand to pay claims. […]

The North Carolina court has decided to place life insurers Bankers Life Insurance Company and Colorado Bankers Life Insurance Company (Global Bankers) into liquidation. […]