While Bernie Madoff, the biggest known crook to have walked Wall Street, could face life in prison, an Ohio insurance agent might get off relatively scot-free: He faces only 30 ...  Read →  Read Story

NFIP extended to Sept. 30 with president’s signing

President Barack Obama has signed an extension to the National Flood Insurance Program, extending the program through Sept. 30. The program was scheduled to expire yesterday (March 11).

Had it not ...  Read →  Read Story

CareFirst joins legislators in unveiling universal health coverage bill

Maryland legislators joined CareFirst BlueCross BlueShield in introducing a $1.6 billion universal health care coverage bill, featuring a mandate that could penalize those not gaining coverage with a tax of ...  Read →  Read Story

United Concordia partners with New York company on real-time claims processing

National dental insurer United Concordia Cos. has partnered with a Great River, N.Y.-based company for real-time claims processing.

The Harrisburg, Pa.-based dental insurer, which covers more than 7.7 million members, is ...  Read →  Read Story

Two Virginia doctors allegedly filed 9,229 fraudulent insurance claims

A husband-and-wife doctor team, formerly of Virginia Beach, Va., are the focus of a U.S. Defense Department investigation into suspected fraud of the TRICARE government health insurance program.

Drs. Kandarp Shah ...  Read →  Read Story

New Jersey’s uninsured get added help through governor’s budget proposal

As part of his $29.8 billion budget delivered to state legislators, New Jersey Gov. Jon S. Corzine is allocating millions to help the uninsured.

Jon S. Corzine

Corzine pledged a $193 ...  Read →  Read Story

Baby boomers feeling pain of economy, focusing on action

Baby boomers are feeling the financial pain of the bad economy and focusing more attention on their retirement planning, a new survey of financial service professionals found.

Three-quarters (77%) of respondents ...  Read →  Read Story

Larry Schneider, founder of Disability Insurance Resource Center, has published The Anatomy of Disability Income Insurance, a manual on selling disability insurance. Schneider draws on his 35 years of disability ...  Read →  Read Story

Pennsylvania butcher and wife accused of insurance fraud

The owners of a Perry Township, Pa,. butcher’s shop face charges of filing a false or fraudulent claim, insurance fraud and theft by deception after allegedly concealing income from one ...  Read →  Read Story

Consumer-directed health plans provide ‘sustained savings’ to employers, analysis finds

Employers who offered their employees a consumer-directed health plan enjoyed “sustained savings,” according to one insurer’s analysis of its costs over a five-year period.

Aetna said its six-year study of 2.6 ...  Read →  Read Story