A Pennsylvania Court has overruled a decision promulgated by one-time Pennsylvania "Acting Insurance Commissioner" Teresa D. Miller. It appears that Ms. Miller, then the PIA, later the CIA (Confirmed Insurance Commissioner), approved business transactions between one Erie Insurance Exchange and Erie Indemnity Company through which Indemnity received, or kept, money paid as "installment and other service charges from Exchange subscribers.'” Ms. Miller administratively ruled that these exchanges did not violate "the [Pennsylvania] Insurance Holding Companies Act (IHCA)." The Pennsylvania Court vacated the Commissioner's decision. Erie Ins. Exch. v. Pennsylvania Ins. Dep't, No. 872 C.D.2015, 2016 WL 324682, at *1 (Pa. Commw. January 27, 2016).
Attorney's fees, costs, whatever. Sometimes people keep on paying for someone else's decisions.
While PIA, Ms. Miller previously decided, too, that fracking does not cause earthquakes. As a result of that decision, homeowner's insurance companies in Pennsylvania cannot issue homeowner's insurance policies with an exclusion for earthquake damages caused by fracking, because fracking does not cause earthquakes she said. See the articles posted on Insurance Claims and Issues Blog on April 20, 2015 and April 22, 2015, which contain links to other articles on the subject.
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