Insurance agent indicted, accused of defrauding seniors out of $280,000

A Pikesville, Md., insurance agent was indicted by a Prince Georges’s County grand jury on six charges, including insurance fraud, for allegedly cheating three people out of $280,000 as part ...  Read →  Read Story

The Penn Mutual Life Insurance Co. has introduced recent changes to its Guaranteed Term 10-15-20 product, offering guaranteed protection for a specific time period and flexibility to convert coverage, in ...  Read →  Read Story

California settles four cases involving national workers’ compensation insurer

The liquidation estate of Fremont Indemnity Co. should receive up to $37.3 million after California insurance regulators settled four suits stemming from its investigation into the 2003 failure of the ...  Read →  Read Story

Arch Insurance Group announced the establishment of two principal underwriting groups in its U.S.-based operations: the Arch Property & Casualty Group and the Arch Financial & Professional Liability Group.

The two ...  Read →  Read Story

Health secretary says Obama doesn’t seek end to private insurance

Health Secretary Kathleen Sebelius said the president doesn’t want health care reform to kill off the private health insurance system, but rather buoy it with more competition.

Kathleen Sebelius

“The president ...  Read →  Read Story

New York to receive $64 million in federal children’s health plan funding

New York Gov. David Paterson has announced that the Obama Administration has approved the expansion of the state’s Child Health Plus health plan, paving the way for thousands more children ...  Read →  Read Story

The National Association of Mutual Insurance Companies says a proposed bill in New Jersey regarding unfair claim practices will likely lead to higher costs.

S-132, An Act Concerning Unfair Claim Practices ...  Read →  Read Story

LTC insurance sales shrink for second straight quarter

Individual long-term care insurance sales fell by a third in the first quarter, as consumers chose to spend their money on more immediate needs.

The 34% decline for the first quarter ...  Read →  Read Story

Kaine unveils online health exchange in Virginia

Gov. Tim Kaine has announced a new, secure web portal to connect Virginia health plans, health systems and state agencies in a move he says will standardize and streamline health ...  Read →  Read Story

Partnership to help Pennsylvania Blue better answer the call

Wilkes-Barre, Pa.-based Blue Cross of Northeastern Pennsylvania has announced a partnership with a Massachusetts company to improve its member services call center.

The insurer said it selected Wakefield, Mass.-based Panviva’s SupportPoint ...  Read →  Read Story