California Insurance Commissioner To Seek Fines and Penalties against Blue Cross

December 14, 2007

On December 13th, California Insurance Commissioner Steve Poizner announced his intent to seek $12.6 million dollars in fines and penalties against insurer Blue Cross Blue Shield based upon the results of a Market Conduct Examination. The examination revealed extensive violations in claims handling and improper rescissions. Among these violations, the examination found Blue Cross had…