Virginia, D.C. agents holding annual convention June 28-30

“Don’t gamble with your future; Win with PIA” is the theme of this year’s annual convention sponsored by the Professional Insurance Agents of Virginia and the District of Columbia.

The group’s ...  Read →  Read Story

AIG to sell minority share in property-casualty unit

American International Group announced it is moving forward to make its property casualty unit, AIU Holdings, an independent entity by transferring the company to a special purpose vehicle.

The move sets ...  Read →  Read Story

Group says New York regulator’s actions on Allstate ‘very likely illegal’

The New York insurance commissioner’s decision to seek additional information from Allstate Corp. about possible credit default swap activity is drawing fire from a free-market think tank.

Eli Lehrer

Two analysts ...  Read →  Read Story

Physicians group calls for national insurer code of conduct

A national physicians group is voicing its support and seeking public support for a Health Insurer Code of Conduct being drafted by the American Medical Association.

David Charles

Baltimore, Md.-based Alliance ...  Read →  Read Story

Report: New York City health insurance more than rent

People pay more to buy health insurance than to rent a two-bedroom apartment in the financial district of New York City, according to an analysis of data from the New ...  Read →  Read Story

Insurers, administrator settle LTC suit for $15 million

American Heritage and Mutual of Omaha, along with an insurance administrator, have reached a $15 million settlement regarding a lawsuit over the sale of long-term insurance policies.

The decision will affect ...  Read →  Read Story

The American Arbitration Association, a provider of conflict management and dispute resolution services, is offering a new program designed to help parties involved in complex insurance coverage disputes to more ...  Read →  Read Story

Independence Blue Cross cutting more than 100 jobs

Health insurer Independence Blue Cross announced it will trim between 100 and 125 jobs this June in a move it says is tied to the current economy.

IBC spokeswoman Liz Williams ...  Read →  Read Story

Investors sue MassMutual over Madoff losses by its hedge fund

A group of investors that lost $3.3 billion to Bernard Madoff has filed 18 civil suits against Massachusetts Mutual Life Insurance Co., saying the insurer should cover the losses of ...  Read →  Read Story

Dinallo seeks information on Allstate’s credit default swaps

A recent opinion piece in the New York Times has lead New York regulators to request more information about “unregulated insurance markets” and credit default swaps from Allstate Corp.

Thomas ...  Read →  Read Story