Regional news:
Advisors shouldn’t be blinded by “shiny objects” within income riders for clients
In today’s annuity market, income riders are riddled with shiny objects, and not every client needs an income rider. There are several things to consider before advising on the use of an annuity with an income rider.
Independent financial professionals work with many companies but place business with only about half of them. How they decide which company gets more business depends on the value proposition a company offers.
Mid-Atlantic NAMIC convention in Baltimore, Aug. 3-5
Filed in: Maryland, National, New Jersey, Pennsylvania, Property-Casualty Insurance News, Virginia
The 107th Mid-Atlantic Mutual Advantage Convention is scheduled for August 3-5 at the Baltimore Marriott Waterfront Hotel in Baltimore, Md.
Markel Corp. has appointed Thomas K. “Smitty” Smith to the newly created position of chief marketing officer at its Richmond, Va., headquarters.
U.S. and Canadian buyers and sellers announced 165 mergers and acquisitions of insurance agents and brokers in the first half of 2014, with a significant number involving private equity-backed firms, according to a recent report from Optis Partners.
USI Insurance Services has acquired BHB Insurance Services, a Toms River, N.J.-based independent insurance agency.
One financial impairment of a U.S. life/health insurer was recorded in 2013, matching the low last seen in 1962, according to a recent report from A.M. Best.
In a potentially lethal blow to Obamacare, a federal appeals court has ruled that the federal government may not subsidize health insurance plans bought by people in states that decided not to set up their own marketplaces under Obamacare.
Liberty Mutual enters into $6.5 billion reinsurance, workers’ comp agreement with National Indemnity
Liberty Mutual Insurance is buying a $6.5 billion cover for its asbestos and environmental and workers’ compensation liabilities from National Indemnity Co., a unit of Berkshire Hathaway.
UnitedHealthcare, the insurance giant that largely sat out the health law’s online marketplaces’ first year, said last week it may sell policies through the exchanges in nearly half the states next year.
Florida Blue, the state’s dominant health insurer, snagged more than one in three consumers on the health law’s exchange this year, but many could face rate hikes as the carrier struggles with an influx of older and sicker enrollees, said the company’s top executive.
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USG expands in California with new staff
Tompkins Financial promotes Susan Valenti to executive vice president
A former Des Moines, Iowa, insurance agent was sentenced to 41 months in prison for insurance fraud. Read »
A Maryland executive charged with lying to insurance regulators was allegedly plotting to kill a judge handling his case, according to federal court documents.
