Regional news:
Consumer group says tort cost estimates are ‘highly exaggerated’
The U.S. tort system, seen by many as the best area to focus health care reform, is not as costly a system as some suggest, according to a new analysis by a consumer coalition. Read Story
With the drive to reform health care stuck in neutral, the U.S. House of Representatives is expected to consider a key element of its legislation later this week: the repeal of an anti-trust exemption for health and medical malpractice insurers. Read Story
Oklahoma State foundation accuses insurer of inflating life premiums
A foundation supporting Oklahoma State University’s athletic department has sued a life insurance company, alleging the foundation was a victim of “deceptive and fraudulent conduct and practices” regarding its “Gift of a Lifetime” insurance program. Read Story
A series of consumer complaints resulted in a $750,000 fine against Aetna for violating New York insurance law in its administration of the Healthy NY program over a 21-month period. Read Story
AHIP says rising health costs ‘crushing’ economy, should be reform focus
Fraud ‘epidemic’ targeted in hearing on N.Y. no-fault auto insurance
Nationwide Life settles unsuitable variable annuity complaints
N.C. Mutual to stop selling policies in Virginia
Study: Online search for life insurance information jumps 15%
Obama promotes ‘cards out on the table’ approach to pass health reform
Liberty Mutual sues former employees, rival over liability business
Salmonella victims to split $12 million from peanut company’s insurer
Allstate may eliminate up to 3,000 low-performing agencies
Tower Group to acquire personal lines division of OneBeacon
AIG employees agree to bonus cut, still receiving $100 million
Waters replaces Healy as acting CEO of NAIFA’s national group
Braly adding board chairman to leadership role at Wellpoint
Health provider now accused of selling illegal plans in Missouri
A registered representative from New York was barred by FINRA after he misappropriated at least $624,000 in customers’ funds. Read →
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