August 6, 2014
The Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP) recently announced that it has entered into a $7.8 million regulatory settlement with Healthy Alliance Life Insurance Co. and HMO Missouri Inc., which are subsidiaries of Anthem BlueCross BlueShield of Missouri (Anthem), and a part of WellPoint, Inc.

Our firm's Summer 2012 Insurance Business & Regulatory newsletter discussed a recent increase in Missouri market conduct examination activity and our firm’s February 2014 eAlert discussed the increasing monetary penalties sought by the DIFP in connection with market conduct examinations. The settlement with Anthem is the largest reached in the DIFP’s history.

To read the full alert, click here.