CIGNA freezes pension plan to cut costs

CIGNA Corp. plans to freeze its pension plan, effective July 1, while boosting its 401(k) plan benefits for all of its employees.

The Philadelphia-based insurer’s pension plan freeze should save about ...  Read →  Read Story

As if we didn’t already know they were in trouble, this story from the Associated Press states that Social Security and Medicare could crumble even sooner due to the current ...  Read →  Read Story

Texas-based managing general agency opens Maryland office

Managing general agency The Woodlands Financial Group opened a new branch location in Maryland.

TWFG, based in The Woodlands, Texas, specializes in property-casualty and life/health insurance and financial planning.

Ryan Moorhart opened ...  Read →  Read Story

Hunt Valley, Md.-based All Risks Ltd. announced the launch of a new crane operators program targeting the construction equipment rental industry.

The program is available nationwide on a non-admitted basis with ...  Read →  Read Story

Study: Rising health costs mean declining access for women

Seven of every 10 working-age women, numbering nearly 64 million, have no health insurance coverage or inadequate coverage, medical bill or dept problems, or problems accessing needed health care due ...  Read →  Read Story

Four charged with 144 felonies in alleged workers’ comp. fraud

Four people, including married business owners, were recently in court to face 144 felony charges stemming from what officials allege was a more than $12 million tax and workers’ compensation ...  Read →  Read Story

Report: Obama targeting taxes on life policies, securities, large estates

The Obama Administration is looking to tax life insurance firms, securities dealers and large estates to raise money for some of its numerous reforms.

The Treasury Department is looking to raise ...  Read →  Read Story

Group says NAIC’s SERFF system is monopoly, outdated

The electronic rate and form filing system used by numerous states and operated by the national organization of insurance commissioners is a monopoly that is out of date and unfair, ...  Read →  Read Story

New York State Insurance Fund names new executive director

James J. Wrynn was named the new executive director of the New York State Insurance Fund by its board of commissioners.

NYSIF is a non-profit agency in New York created as ...  Read →  Read Story

Eastern Alliance alternative program continues to grow

Lancaster, Pa.-based Eastern Alliance Insurance Group’s first alternative market program is now its largest association program.

EAIG is celebrating 10 years of partnering with the Pennsylvania Builders Association, for which it ...  Read →  Read Story