PCI supports exclusion of wind coverage from national flood insurance

The head of the Property Casualty Insurers Association of America said the group supports the Obama Administration’s stance on omitting wind coverage from the National Flood Insurance Program.

Department of Homeland ...  Read →  Read Story

Allegheny County company sues hospital, insurance plan

A Richland Township, Pa., dialysis company is suing a local hospital and its health insurance plan for $950,000, the amount it says is owed to pay the full benefits of ...  Read →  Read Story

Trial set for doctor accused of bilking insurers

A Norfolk, Va., doctor is scheduled to appear in court Nov. 3 to face allegations that he cheated government insurance programs out of more than $850,000.

Dr. Robert Poulin, who works ...  Read →  Read Story

Ratings service affirms New York insurer’s ratings

Favorable liquidity and enhanced strategic importance to its parent company are among the reasons A. M. Best highlighted in affirming the ratings of AXA Insurance Co. of New York, N.Y.

The ...  Read →  Read Story

Maryland financial services executive named to national group

Randy Scritchfield, president of Montgomery Financial in Rockville, Md., has been named to the board of directors of the Insurance Marketplace Standards Association.

Randy Scritchfield

The IMSA is a national standards-setting ...  Read →  Read Story

Reports: Six life insurers to receive billions through Treasury’s TARP program

Six life insurance companies, including Lincoln Financial and The Hartford, are among those about to receive billions of federal dollars through the U.S. Treasury‘s Troubled Asset Relief Program.

Funding will come ...  Read →  Read Story

South Jersey NAIFA to hit links June 9

The South Jersey chapter of the National Association of Insurance and Financial Advisors is planning a golf tournament for Tuesday, June 9, at the Ramblewood Country Club in Mt. Laurel, ...  Read →  Read Story

NAIC’s climate risk mandate just push global warming advocacy, paper says

A new mandate that property-casualty insurers disclose their climate risk does nothing more than promote global warming advocacy since insurers cannot take action against something still not understood, according to ...  Read →  Read Story

Main Street America Group sees record profit in 2008

The Main Street America Group, which has a regional office in Richmond, Va., reported a $43.6 million underwriting profit in 2008, the largest in its 85-year history.

The underwriting profit was ...  Read →  Read Story

National workers’ compensation provider opens New York office

Safety National, licensed to provide workers’ compensation insurance in all 50 states and the District of Columbia, has opened a new regional underwriting office in New York, N.Y.

Running the office ...  Read →  Read Story