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AP NewsBreak: Bills calls for cracking down on insurance industry
'We ought to make sure you get what you pay for, you don't pay too much and you see what you are getting' Democrats plan to introduce a package of bills that would require health and auto insurance firms to get prior approval for rate hikes, punish them for improper denial of claims, and encourage efficiencies, The Associated Press has learned.Details on the bills are expected to be introduced at a news conference Sunday afternoon.Rep. Morgan Carroll, a Democrat from Aurora, said insurance companies currently are allowed to increase rates at will and get approval from the Division of Insurance later. She said they are rarely punished if increases are found to be unjustified.
topix.net

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