No one has been immune from the devastating effects of the U.S. recession, especially not older Americans who expected to spend their final years flush with money from our booming ...  Read →  Read Story

Individual disability sales up, but not as high as prior years

U.S. individual disability in force policies and sales premium grew, but not as fast as in past years, a new survey of disability insurance companies found.

In force premium grew nearly ...  Read →  Read Story

Former agent accused of murder pleads guilty to embezzlement charges

A former North Carolina insurance agent will spend up to 35 years in prison after pleading guilty to 25 counts of embezzlement involving his customers.

Michael A. Howell, 41, of Indian ...  Read →  Read Story

Independence Blue Cross seeking rate increases of up to 57%

Thousands of Independence Blue Cross customers could be paying more for their health care if a request by the insurer to raise rates for three individual PPO plans is approved.

IBC ...  Read →  Read Story

Liddy to step down at AIG; chairman, CEO posts to be split

Eight months after being selected to guide American International Group out of the financial fog, Edward M. Liddy can now see the light at the end of the tunnel.

Edward ...  Read →  Read Story

Murphys’ law would seek end to SCHIP waiting period

A bi-partisan bill sponsored by two Pennsylvania congressmen would provide exemptions from state-based waiting period requirements for children to enroll in the State’s Children’s Health Insurance Program.

The SCHIP program is ...  Read →  Read Story

Insurance agent charged with stealing more than $87,000 from widow

A California insurance agent is accused of stealing more than $87,000 from an 82-year-old widow in an annuities scheme, forcing her to sell her home and move in with her ...  Read →  Read Story

Regional brokerage receives technology award

Insurance broker Riggs, Counselman, Michaels & Downes, with offices in Maryland, Pennsylvania and Virginia, recently received the 2009 National Underwriter Agency Technology Achievement Award.

The award honors U.S. insurance agencies for ...  Read →  Read Story

Justice Department turns up ‘HEAT’ on health care fraud

In an effort to prevent the continued loss of billions of dollars in Medicare and Medicaid fraud, the Department of Justice and Department of Health and Human Services are teaming ...  Read →  Read Story

Eastern Insurance Holdings, subsidiaries have ratings affirmed

The head of Lancaster, Pa.-based Eastern Insurance Holdings said he is pleased A.M. Best noted the performance of its subsidiaries in its recent ratings affirmation.

A.M. Best affirmed the financial strength ...  Read →  Read Story