If you want to know what the CEO of your health insurance company earned last year, don’t ask the Alabama Department of Insurance.
That information is no longer public – because of a new law that shields much of the information used to review the state’s insurance providers. The law reverses an open-book policy that had been in place for years.
Officials with the Alabama Department of Insurance sought the change during the regular legislative session – in an effort to comply with the requirements of an organization that accredits insurance regulators, said Chief of Staff Mark Fowler. The bill initially made work papers confidential, but included salaries after conversations with members of the insurance industry.