Iowa judge fines Pennsylvania insurance commissioner $481,500 for contempt
An
The civil penalty marks the latest development in a long-running legal dispute between the insurance commissioners of
In 2022, Iowa Insurance Commissioner
At the time, Ommen said SHIP, which had sold long-term care insurance policies to more than 880 Iowans, was financially insolvent with a
The injunction, which was later granted, barred Cantilo and the
In
The
According to court filings by the
The
Defendants 'orchestrated'
The
The evidence, Beattie said, established beyond a reasonable doubt the defendants willfully and deliberately violated his injunction by pursuing "authorization" from the
The defendants then notified
The defendants' argument that "they were merely following a
Beattie found that each of the letters sent to SHIP's 481 current
Beattie assessed the defendants a
That penalty, Beattie ruled, is to be paid jointly by
Iowan paid
In his ruling, Beattie cited testimony from
Her policy, she testified, was to provide
Huston testified that she and her husband "went through a very massive financial structuring so that we could provide for ourselves. This was one of the pots, one of the ways that we could ensure our care in old age, and so it was definitely one of the pots that we elected to purchase the policy and relied on."
In her testimony, Huston expressed anger upon receiving SHIP's notification of a potential reductions in her benefits, explaining that "I do not have enough money in my current income and the other pots that I have available to me to sustain assisted living or long-term care" and would have to instead rely on Medicaid for her care.
"We relied upon the actuaries and the experts in the insurance field when my husband and I purchased these policies," she testified. "We relied upon the expertise provided by the insurance company that these benefits would be there long term."
The civil penalties imposed by Beattie deal only with the violations of the court's temporary injunction. Still to be decided are the larger issues that gave rise to the
A trial on those issues is scheduled for


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