The executive director of Maryland’s online health insurance exchange has resigned, six weeks after another key executive of the state agency left amid concerns about low enrollment and persistent technical problems.
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.
WASHINGTON, D.C. – The Insured Retirement Institute (IRI) reported final third-quarter 2013 sales results for the U.S. annuity industry, based on data reported by Morningstar Inc. and Beacon Research. Bolstered by the highest fixed annuity sales since the second quarter of 2009, industry-wide annuity sales reached $57.5 billion during the third quarter of 2013 – a 5.5% increase from $54.5 billion in the previous quarter and an 8.7% increase from $52.9 billion in the third quarter of 2012.
WILMINGTON, Del.- A new survey from Cigna and the National Foreign Trade Council shows areas of dissatisfaction among the globally mobile workforce that may jeopardize employees’ successful completion of assignments outside their home countries and diminish their employers’ return on investment in them.
New York Attorney General Eric T. Schneiderman and Department of Financial Services Superintendent Benjamin M. Lawsky announced a settlement with Markel Insurance Co., resolving an investigation into Markel’s practice of overcharging college students on their health plans.
Engle Martin & Associates Inc., a national independent loss adjusting and claims management provider, has acquired PT&C Forensic Consulting Services, headquartered in Atlanta. PT&C Forensics specializes in forensic engineering, fire and explosion origin and cause, subrogation, special investigation, building consulting, and expert testimony services.
Insurance industry software provider Applied Systems Inc., headquartered in University Park, Ill., has signed a definitive agreement to be acquired by private equity investment firm Hellman & Friedman, which has offices in New York, San Francisco and London.
The quietest U.S. Atlantic hurricane season in decades will lead to a low double-digit fall in related catastrophe reinsurance pricing in the key 2014 renewals, according to Fitch Ratings.
The Supreme Court issued no comment as it decided to not hear arguments by Lynchburg, Va.-based Liberty University in its attempt to overturn a significant part of the Obama administration's health care law.
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A physician from Valley Stream, N.Y., has been acquitted in federal court of all charges in a $275 million scheme to defraud no-fault auto insurers. Read »
Six defendants were sentenced today before United States District Judge Jean C. Hamilton for their roles in one of the largest frauds ever prosecuted in the Eastern District of Missouri. Read »