Regional news:
Court prevents UnitedHealthcare from dropping Medicare Advantage plan doctors
In a decision that could have national implications, a federal judge in Connecticut temporarily blocked UnitedHealthcare late last week from dropping an estimated 2,200 physicians from its Medicare Advantage plan in that state.
A pair of laptops that may contain the personal information of approximately 840,000 Horizon Blue Cross Blue Shield subscribers was stolen from the insurer’s Newark, N.J., headquarters early last month. Those affected are in the process of being notified.
Study: Auto insurance rates becoming more affordable
Filed in: Maryland, National, New Jersey, New York, Pennsylvania, Property-Casualty Insurance News, Virginia
Affordability of automobile insurance improved during the previous decade for both middle- and low-income consumers in the United States, according to a new study from the Insurance Research Council.
According to a survey of more than 200 registered investment advisors (RIAs) conducted by Aberdeen Asset Management, while historical returns, rankings, manager tenure and brand name are considered when evaluating mutual funds, the leading factor underlying a decision to recommended one fund over another is clarity regarding the portfolio manager's investment philosophy and strategy.
Insurance agents feeling left out of “Obamacare”
The American Society of Pension Professionals & Actuaries (ASPPA) has responded by letter to the Department of Labor’s Employee Benefits Security Administration (EBSA) directions for the treatment of same-gender spouses in employee benefit plans covered under ERISA in the wake of the Supreme Court’s Windsor decision this summer.
An analysis from Avalere Health finds that most individuals in exchanges who reach their maximum out-of-pocket cap will be underinsured, despite reduced OOP caps for those below 250% of the poverty level. The Commonwealth Fund[1] defines underinsurance as OOP costs[2] greater than 10% of income for those earning more than twice the poverty level and OOP costs greater than 5% of income for those earning less than twice the poverty level.
A divided federal appeals court opinion may make it harder to hold building developers and construction firms liable for damages from major acts of terrorism that are impossible to guard against.
Total third quarter individual life insurance new annualized premium remained level with the same period of 2012, according to LIMRA's third quarter 2013 individual life insurance sales survey.
Insurance agent fined for taking clients to football game
North Dakota insurance agent Gary L. Ihry was fined $57,500 by state insurance regulators after treating 21 clients to a Minnesota Vikings game and holding two annual customer appreciation dinners ... Read →
Switzerland’s largest insurer, Zurich Insurance Group AG, has lowered its profit expectations but stands ready to sell businesses to improve earnings, said CEO Martin Senn, according to a statement for the international insurance company's investor meeting.
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Chesapeake Employers announces promotions for CFO, AVP and director
Virginia sets workers’ compensation premium level adjustments
Firm introduces private market flood insurance in Pennsylvania
Pittsburgh police Officer Vernon Gibson, 38, who had previously been accused of insurance fraud, has been charged with drunken driving after allegedly showing up for work drunk. Read »
North Dakota insurance agent Gary L. Ihry was fined $57,500 by state insurance regulators after treating 21 clients to a Minnesota Vikings game and holding two annual customer appreciation dinners ... Read → Read »
