Medigap enrollees see great value in plans, survey finds

Medigap policyholders see great value in the coverage, according to a new survey, which found that enrollees appreciate not having to worry about the cost of care.

Exactly 88% of Medigap ...  Read →  Read Story

Obama proposes national insurance office as part of regulatory reform

Rather than implement an optional federal charter or sweeping regulations, the Obama Administration is proposing a national office of insurance to oversee the industry.

Today (June 17), President Barack Obama unveiled ...  Read →  Read Story

Pharmacy groups sue over Delaware Medicaid reimbursement changes

On the heels of Walgreens announcing its plan to withdraw from Delaware’s Medicaid program due to reimbursement cuts, a pair of national pharmacy groups is suing state officials.

The National Association ...  Read →  Read Story

IFAwebnews reports that Fitch doesn’t put forth much encouragement in its latest analysis of personal and commercial lines.

CBO: Kennedy health plan to cost $1 trillion over next decade

If the Affordable Health Choices Act, proposed by Sen. Ted Kennedy (D-Mass) and Senate Democrats last week, were enacted in its current form, it would cost $1 trillion over the ...  Read →  Read Story

Be it known: I am NOT a fan of federal regulation of the insurance industry. Creating another federalbureaucracy(e.g. IRS, Social Security, et al) is not in our best interest, especially ...  Read →  Read Story

Pair of former New Jersey officials sentenced in bribery scheme

Two former Passaic County, N.J., officials were sentenced to federal prison for their roles in a scheme to steer public insurance brokerage contracts.

Former Passaic City Councilman Marcellus Jackson was sentenced ...  Read →  Read Story

Alabama firm, 9 employees accused in ‘rampant churning’ case

A Birmingham, Ala., broker-dealer, several of its senior officers and a handful of registered representatives, including two in New York, were charged in connection with “rampant churning of customer accounts” ...  Read →  Read Story

A Lebanon, Va., man will spend 51 months in prison and must pay more than $387,000 in restitution for health care fraud committed by his ambulance company.

Darryl Jack Kiser, 44, ...  Read →  Read Story

Lincoln’s insurance subsidiary to benefit from Treasury funds

Philadelphia, Pa.-based Lincoln Financial Group has announced a capital plan to raise $2 billion, with $1 billion set to be dedicated to its insurance subsidiary.

Lincoln announced June 15 that it ...  Read →  Read Story