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Tag: State Corporation Commission

healthcare

SCC approves revised rules regarding long-term care insurance

The State Corporation Commission (SCC) has revised the rules governing long-term care insurance. Effective September 1, 2015, the rule revisions strive to protect consumers and place heightened scrutiny on long-term care insurers seeking to raise premium rates.


State Corporation Commission approves electric rate adjustments for Dominion Virginia Power

The State Corporation Commission (SCC) has issued orders in five cases involving rate reviews and changes requested by Dominion Virginia Power.


newspaper

SCC offers National Consumer Protection Week reminders

In conjunction with the 17th annual National Consumer Protection Week March 1-7, the State Corporation Commission (SCC) reminds Virginians that it stands ready throughout the year to answer inquiries, handle complaints, and provide information and assistance regarding those industry sectors over which it has regulatory responsibility.


First Bank receives approval for acquisition of six branches

First National Corporation announced this week that First Bank has received regulatory approval from the Federal Reserve Bank of Richmond and the Bureau of Financial Institutions, a regulatory division of the Virginia State Corporation Commission, to acquire six branches in the Shenandoah Valley and central Virginia from Bank of America.


business

SCC approves Dulles Greenway toll increase

The State Corporation Commission (SCC) has approved a 2.8 percent increase in the tolls charged for traveling the Dulles Greenway, a 14-mile roadway that runs between Washington Dulles International Airport and Leesburg.


SCC to review plan for solar generating facility in Fauquier County

The State Corporation Commission (SCC) will hold a public hearing in July regarding an application by Dominion Virginia Power to build and operate a 20 megawatt utility-scale solar electric generating facility near Remington in Fauquier County.


business

SCC encourages Virginians to talk to financial professionals about cyber security

With organized cyber-attacks against financial institutions on the rise, the State Corporation Commission (SCC) reminds investors of the importance of protecting the personal information they share with financial professionals.


newspaper

SCC reschedules hearing on high-voltage transmission grid in Fauquier, Prince William

The State Corporation Commission (SCC) has rescheduled a February 4 public hearing in Richmond to convene on April 20 regarding an application by Dominion Virginia Power to upgrade and improve various electric transmission facilities located in Fauquier and Prince William counties.


road work transportation

Bids received for Route 29/ Route 250 interchange improvements in Charlottesville

Two construction companies submitted bids to build the improvements to the Route 29/ Route 250 interchange in Charlottesville. That project is the first roadway improvement in the Route 29 Solutions package to advance to construction.


business

SCC announces Electronic Filing Depository for certain securities offerings

The SCC announced this week the launch of the online Electronic Filing Depository that will enhance the efficiency of the regulatory filing process for certain exempt securities offerings.


business

State Corporation Commission sets workers compensation premium level adjustments

The State Corporation Commission (SCC) has approved revisions to the premium levels charged for workers’ compensation insurance in Virginia.


business

SCC: Review your insurance plans before the holiday season

When planning for the holiday season, the State Corporation Commission’s (SCC) Bureau of Insurance reminds Virginians to check with their insurance agent.


business

SCC warns Virginians about potential dangers of high-yield investment programs

The State Corporation Commission encourages Virginians to be wary of investment opportunities promising pie-in-the-sky returns with little or no risk.


business

State Corporation Commission warns Virginians of top investor threats

The advent of new products and technologies can sometimes spell risk for investors, the State Corporation Commission warned.


business

APCo to provide rebates to customers, has approved profit reduced

The State Corporation Commission ruled that Appalachian Power had overearned during 2012 and 2013 and ordered $5.825 million in rebates to customers.


police

Vehicle-deer collisions can impact your car insurance

November is the peak month for collisions between vehicles and deer. Motorists need to be careful, especially when driving at dawn or dusk and in areas where deer are prevalent.


ebola

State Corporation Commission warns against Ebola scams

Following the outbreak of Ebola in western Africa and its appearance in North America, the State Corporation Commission cautions investors to beware of investment schemes related to the disease.


business

SCC urges knowing your stuff when it comes to homeowners insurance

When it comes to homeowners insurance, consumers generally consider the value of their home, but many fail to consider all of their valuable possessions inside.


House Speaker Bill Howell comments on SCC analysis of proposed EPA rule

Virginia House Speaker Bill Howell commented Friday on a new analysis from the Virginia State Corporation Commission that indicates Virginia families and businesses could see $5.5 to $6 billion in higher energy costs under an EPA regulation proposed by President Barack Obama.


healthcare

SCC seeks public input on proposed rules governing long-term care insurance

The State Corporation Commission (SCC) is proposing revisions to the rules governing long-term care insurance following an extensive Bureau of Insurance study of the long-term care insurance market in Virginia and across the nation.


Conference to cover natural gas pipeline safety

More than 300 natural gas operators and pipeline contractors vital to the success of the Commonwealth of Virginia’s programs for pipeline safety will be attending the 23rd annual conference hosted by the State Corporation Commission.


virginia

Bureau of Insurance reminds Virginians to renew insurance before hurricanes, disasters

With more than two months left in hurricane season, the Virginia State Corporation Commission’s Bureau of Insurance reminds Virginians to remain vigilant when it comes to protecting their property from loss.


business

SCC sets hearing on workers compensation premium levels

The State Corporation Commission (SCC) has scheduled an October hearing to consider a request filed by the National Council on Compensation Insurance, Inc. (NCCI) to adjust the premium levels charged for workers’ compensation insurance.


healthcare

SCC protects consumers from unintentional lapses of long-term care insurance policies

The Bureau of Insurance of the State Corporation Commission is encouraging long-term care insurance policyholders in Virginia to take advantage of revised regulatory requirements that strengthen protections against unintentional lapses in coverage due to nonpayment of their premiums.


business

Look at insurance, benefits when making jobs choices

As the economy improves, many Americans are voluntarily changing jobs, often motivated by a desire to improve their financial situation.