Voluntary nonqualified differed comp. plan use remains steady

The number of companies offering key executives voluntary nonqualified deferred compensation plans remained constant from 2007 to 2008, and just about half of the eligible employees took advantage of the ...  Read →  Read Story

Former HealthSouth CEO must pay $2.9 billion to investors

Richard Scrushy, former CEO of HealthSouth Corp., was ordered to pay $2.9 billion to investors for his involvement in an accounting fraud that almost toppled the company in 2005.

An Alabama ...  Read →  Read Story

Obama says public health plan a way to ‘discipline’ private insurers

Refusing to define it as a make-or-break part of his health reform efforts, President Barack Obama called a possible government-run insurance program “an important tool to discipline insurance companies.”

Barack ...  Read →  Read Story

Medicare prescription ‘doughnut hole’ getting eaten up

The nation’s pharmaceutical companies appear ready to swallow up the so-called doughnut hole, the gap between Medicare Part D coverage and access to additional coverage options for prescription drugs.

Sen. Max ...  Read →  Read Story

New Jersey leading new multi-state inquiry into AIG bonuses

New Jersey Attorney General Anne Milgram is leading an effort by 10 states to pursue unresolved questions regarding bonuses paid to executives at American International Group.

Anne Milgram

Milgram said in ...  Read →  Read Story

Convicted judge can keep pension despite insurance fraud

A retired Pennsylvania Superior Court judge serving a 46-month prison sentence for insurance fraud can keep his keep his $82,000 annual pension.

Michael Joyce, who began in April serving his sentence ...  Read →  Read Story

New Jersey receives $286 million in latest CHIP funding allocation

An additional 33,000 New Jersey children are expected to receive health care this year, thanks to $286 million in federal funding coming to the state through the Children’s Health Insurance ...  Read →  Read Story

Small businesses eyeing retirement plan, health plan changes

The contributions from small business owners have decreased, but the majority of them say they will continue to offer 401(k) retirement plans to their employees and health benefits.

The economy is ...  Read →  Read Story

Tower Group to acquire Illinois property-casualty company

Tower Group, headquartered in New York, N.Y., has announced its plans to acquire Specialty Underwriters’ Alliance for $107 million.

SUA, based in Chicago, Ill., through its subsidiary SUA Insurance Co., is ...  Read →  Read Story

A Lancaster, Pa.-based casualty insurer paid a 7-cent quarterly cash dividend.

Eastern Insurance Holdings’s board of directors authorized the payment on its issued and outstanding shares of common stock, payable June ...  Read →  Read Story