Filed Under:Health Insurance, Individual Health

NY fines Markel for excess premiums

State law loss ratio minimums not met, settlement alleges

New York health, finance cops: DFS' Lawsky, left, then special assistant to former AG and now Gov. Cuomo. (AP Photo/Craig Ruttle)
New York health, finance cops: DFS' Lawsky, left, then special assistant to former AG and now Gov. Cuomo. (AP Photo/Craig Ruttle)

Health insurers in New York are on notice with the anti-corruption-oriented governor's office.

Markel Insurance Co. must refund more than $2.75 million to New York state students and colleges, and pay a $990,000 penalty under a settlement with both the New York State Attorney General and the Department of Financial Services (DFS). 

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Nichole Morford

Nichole Morford
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