Rendell, Senate Republicans continue to spar over CHIP funding

Gov. Edward G. Rendell is urging the Pennsylvania General Assembly to provide “adequate” funding for the state Children’s Health Insurance Program, saying that families shouldn’t have to worry about losing ...  Read →  Read Story

Former New Jersey broker-dealer guilty in $1.9 million investment scheme

A former broker-dealer with Ameriprise and GunnAllen Financial could spend up to 30 years in federal prison after pleading guilty to overseeing a $1.9 million investment fraud scheme.

Jeffrey J. Southard, ...  Read →  Read Story

Seniors unaware of life settlement option, study says

About half of a group of senior citizens owning life insurance policies was unaware it could sell its life policies for cash, according to a new survey.

The survey of more ...  Read →  Read Story

AIG to offer IPO of two subsidiaries to raise $25 billion

American International Group plans to conduct initial public offerings for two of its international life insurance franchises in hopes of using the proceeds – an estimated $25 billion – to ...  Read →  Read Story

CIGNA CEO, chairman to retire; insurer to split positions

After a decade serving CIGNA Corporation as its chairman and CEO, H. Edward Hanway announced he will retire from the posts at the end of this year.

David M. Cordani, the ...  Read →  Read Story

Legislation offering protection from discrimination for gays and lesbians in Delaware, covering everything from housing to insurance, won approval by the state’s General Assembly and now awaits the signature of ...  Read →  Read Story

Florida veto could send P-C insurers fleeing, policy group says

A move by Florida Gov. Charlie Crist to stop deregulation of property-casualty insurance could encourage other companies to leave the state, according to a public policy group.

Charlie Crist

Crist vetoed ...  Read →  Read Story

Maryland regulator, insurance officials tell Congress to leave insurance alone

Maryland Insurance Commissioner Ralph S. Tyler and other insurance industry officials testified before the U.S. House Financial Services Committee that insurance does not need additional consumer protection from the federal ...  Read →  Read Story

NYIA bestows Distinguished Service Award to McOwen

Wayne E. McOwen of GUARD Insurance Group is this year’s recipient of the New York Insurance Association’s 2009 Chair’s Distinguished Service Award.

Wayne McOwen

The honor was given to McOwen by ...  Read →  Read Story

Oklahoma latest state to deal with fake regulators

Oklahoma Insurance Commissioner Kim Holland is warning state insurance producers to be wary of any phone calls seeking personal information from people posing as state regulators.

Kim Holland

In a warning ...  Read →  Read Story