Employer-based health coverage dropping in New York, report says

A new report indicates that the rate of working-age adults in New York who have health coverage from their employer is decreasing while those receiving government assistance for coverage or ...  Read →  Read Story

Consumer-directed health plan enrollment doubled in last two years

Twice as many people have enrolled in consumer-directed health plan (CDHP) in the last two years, as more companies offer the option.

More importantly, health cost increases for companies with high ...  Read →  Read Story

Some executives at AIG returning their bonuses, New York attorney general says

New York Attorney General Andrew Cuomo said the executives at American International Group who recently received 15 of the top 20 retention bonuses have “done the right thing.”

Andrew Cuomo

Cuomo ...  Read →  Read Story

The blanket of paperwork within the insurance industry is a thick one. Forms for carriers, forms for clients, forms for CE and state licenses, and forms for a million other ...  Read →  Read Story

Property-casualty insurer reports record underwriting profits

The Main Street America Group, which as a regional office in Syracuse, N.Y., reported a $43.6 million underwriting profit in 2008, the largest in its 85-year history.

The underwriting profit was ...  Read →  Read Story

Insurance regulators adopt climate change risk disclosure starting in 2010

The National Association of Insurance Commissioners is going to force insurance companies to disclose the financial risk they face from climate change, starting May 1, 2010.

The organization announced March 17 ...  Read →  Read Story

Pennsylvania regulators, GAO find no price-cutting by AIG’s property-casualty division in U.S. marketplace

An infusion of federal funds has not allowed American International Group to under-price its insurance products, according to Pennsylvania Insurance Commissioner Joel Ario and the U.S. Government Accountability Office.

In written ...  Read →  Read Story

New York-based Cantor LifeMarkets has introduced the Life Settlement Policy Marking System, which it says simplifies the sale of life settlement policies.

The marking system permits institutions to mark life settlement ...  Read →  Read Story

First ‘green discount’ approved for Pennsylvania homeowner’s policies

Donegal Insurance Group has received approval to offer Pennsylvania’s first energy-efficiency discount to the state’s homeowners.

The “green discount” approved by the Pennsylvania Insurance Department applies to homeowners who use solar ...  Read →  Read Story

Study: Carriers should use mix of media to reach brokers

Insurance agents and brokers appear to welcome any form of communication from the insurance companies they represent, as long as it isn’t a phone call, a new study suggests.

The survey ...  Read →  Read Story