Property-casualty sector faces ‘significant challenges’ still

The outlook for the U.S. property-casualty insurance market remains “negative,” according to Fitch Ratings, which says the sector faces “significant challenges” this year.

The “negative” rating applies to both personal and ...  Read →  Read Story

Workplace injuries involving women don’t draw the attention or prevention efforts of those involving men, according to a Maryland workers’ compensation expert.

“There is a perception among employers that they don’t ...  Read →  Read Story

Obama reassures doctors that Americans can keep the health coverage they like

President Barack Obama told a national doctor’s association that health care reform will not mean that patients lose access to the doctors and health plans they like.

Barack Obama

In a ...  Read →  Read Story

Richmond, Va.-based Genworth Financial announced June 15 that it has retired the remaining balance on its 2009 long-term debt.

The company has repaid in full $331 million of its outstanding 4.75% ...  Read →  Read Story

A Culpeper, Va., insurance agency and its president, Rita J. Griffin, voluntarily surrendered their insurance licenses in March after Virginia regulators found a number of financial problems in 2006 and ...  Read →  Read Story

STOLI bills become law in three more states

Three states have passed laws targeting the controversial transactions called stranger-originated life insurance (STOLI).

Minnesota, Nevada and Vermont have passed what two industry trade groups opposing STOLI called “carefully-crafted statutes that ...  Read →  Read Story

Foremost Insurance Group is offering a new home program it says features high available limits and deductible options for homeowners in Pennsylvania.

The Grand Rapids, Mich.-based insurer began offering its DISTINCTCHOICE ...  Read →  Read Story

Health insurers’ for-profit conversion to get more scrutiny under proposed New Jersey bill

A bill calling for increased public participation and independent analysis for health insurers seeking to become for-profit entities in New Jersey has taken another step forward.

Vainieri Huttle

Assembly Bill 3729, ...  Read →  Read Story

Consistency sought in CareFirst surplus reviews

With two different insurance departments reviewing the surplus held by health insurer CareFirst, the hope is for one uniform determination.

As part of the Medical Insurance Empowerment Act of 2008, which ...  Read →  Read Story

Coventry to sell Medicaid unit for $110 million

Deeming it an asset that does not fit within the company’s long-term strategy, Coventry Health Care has agreed to sell its fee-based Medicaid Services Business to a Connecticut company for ...  Read →  Read Story