Bank holding companies set record, see 29% rise in annuity sales

Bank holding companies generated 29% more revenue from the sale of annuities last year than in 2007 and set a record with annuity sales of $2.61 billion.

Sales rose from the ...  Read →  Read Story

Frederick Mutual Insurance Co. has selected PremiumBill from Vertafore, a provider of market-leading software and services for the insurance industry, to handle the company’s billing needs.

FMIC is partnering with Vertafore ...  Read →  Read Story

Louisiana preacher arrested for insurance, identity fraud

A Louisiana preacher faces numerous charges after being accused of falsely obtaining a state insurance license and receiving commission on a policy for a person that never existed.

John Stephen Vaughn, ...  Read →  Read Story

A Virginia Beach, Va., insurance agent received probation after he allegedly tried to take advantage of senior citizens to boost his Medicare Advantage policy commissions.

Peter L. Holbert received a 12-month ...  Read →  Read Story

Delaware in fact-finding phase of updating agent disclosure regulations

Citing the increased need for consumers to know where their insurance dollars are truly going in the current economy, Delaware regulators are exploring possible commission disclosure rules for agents and ...  Read →  Read Story

District of Columbia seeks commission disclosure rule by end of year

By the end of the year, the District of Columbia could be among the growing list of jurisdictions unveiling new rules for agent commission disclosure.

Thomas E. Hampton

Thomas E. Hampton, ...  Read →  Read Story

A well-conducted survey or research study can offer a unique lens by which we can better understand our world. When they are done poorly, they are nothing more than an ...  Read →  Read Story

Autism bill in New Jersey gets unanimous Senate approval

New Jersey is one step closer to becoming the 14th state in the nation to require health insurance companies to cover treatments for autism and other developmental disabilities.

Legislation (A-2238/S-1651) on ...  Read →  Read Story

Life insurance groups unite to support optional federal charter

Five of the nation’s largest organizations representing the life insurance industry are voicing their support for optional federal insurance regulation to legislators.

In a statement issued June 15, the American Council ...  Read →  Read Story

African Americans in D.C. lack financial plan, advisor, survey says

A new survey co-sponsored by Nationwide Insurance indicates that African Americans in Washington, D.C., do not have specific financial plans, but are concerned about their financial future and are interested ...  Read →  Read Story