Washington's insurance chief blasts Premera on transparency issue

Washington state Insurance Commissioner Mike Kreidler is accusing Premera Blue Cross of using its political influence to gut a bill designed to protect the public from Ponzi schemes and financial meltdowns. Premera sought and won an amendment this week to a bill known as the Holding Company Act that would give insurers a lengthy appeals process before the public release of financial information that they consider proprietary, such as reports on how they manage risk and other sensitive financial…