Condo bill brings ‘clarity’ to Maryland after 2008 court decision

After nearly a year of negotiations by numerous interests, a bill clarifying insurance for condominiums in the state is ready to become law.

At press time, Gov. Martin O’Malley had not ...  Read →  Read Story

Wachovia Securities bows to Wells Fargo Advisors name

Wachovia Securities is now using the Wells Fargo Advisors name, officially rebranding its business under its new parent, Wells Fargo & Co.

“Today, as Wells Fargo Advisors, we begin a new ...  Read →  Read Story

Former HHS secretary calls health reform ‘Trojan horse’

Former U.S. Secretary of Health and Human Services Mike Leavitt thinks no matter what you call a government-run insurance plan, a better name for it would be a Trojan horse.

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Paterson introduces legislation on mental health coverage in New York

New York Gov. David Paterson announced new legislation that would make the state’s “Timothy’s Law” expanding mental health insurance coverage permanent.

Timothy O'Clair

“Timothy’s Law,” named after the late Timothy O’Clair, ...  Read →  Read Story

Analyst: Insurers face nine key challenges in rough economy

The deepening financial crisis and recession in two generations will force insurers to change their businesses, according to a new report.

PricewaterhouseCoopers America’s Insurance Group said the economic turmoil gripping the ...  Read →  Read Story

Pennsylvania court rules for insurer in patent infringement case

A Pennsylvania Superior Court has clarified the amount insurance companies are required to pay in legal fees for a client defending a patent infringement suit.

The court ruled in Transcore vs. ...  Read →  Read Story

President praises collaborative effort to trim health care spending by $2 trillion

On what he called a “historic day,” President Barack Obama announced a collaborative effort by several health care industry stakeholders in reforming health care in America that will produce $2 ...  Read →  Read Story

Four arrested, accused of $1.5 million worker’s comp. fraud

Four people, including three workers’ compensation insurance adjustors for American International Group in California, are charged in connection with an alleged $1.5 million workers’ compensation scheme.

Rene Montes, 41, of Riverside, ...  Read →  Read Story

Wharton School extends partnership on CEBS designation

The International Foundation of Employee Benefit Plans and the Wharton School of the University of Pennsylvania have reaffirmed their partnership and commitment to providing the Certified Employee Benefit Specialist designation.

The ...  Read →  Read Story

Ponzi schemes fuel commercial insurance industry securities litigation

Fueled by two large-scale Ponzi schemes, securities litigation in the commercial insurance industry is “surging,” according to an analysis of first quarter activity, which showed an increase of 44 cases ...  Read →  Read Story