Former agency owner, employee guilty to $500,000 fake license scheme

The former owner of a Falls, Pa., insurance agency and one of his employees have pleaded guilty to helping New York City drivers cheat auto insurers out of $500,000 by ...  Read →  Read Story

Two securities firms – Citigroup Global Markets and Banc of America Securities¬ will pay nearly $1.3 million to Virginia regulators to settle allegations that they misled investors about the safety ...  Read →  Read Story

Claims representative leaves half of estate to insurance firm

A 25-year claims representative who retired in 1978 and died last year left half of his estate to his former employer, State Auto, headquartered in Columbus, Ohio.

Jack Boyle left the ...  Read →  Read Story

Industry groups want insurance out of proposed consumer protection reform

Thirteen insurance trade groups are urging Congress to exclude all lines of insurance from the Consumer Financial Protection Agency recently proposed by President Barack Obama and the U.S. Treasury Department.

Advocates ...  Read →  Read Story

Second House committee approves health reform bill

Just hours after its colleagues in the Ways and Means Committee approved a comprehensive health reform bill with a public plan and tax on the wealthy, the House Education and ...  Read →  Read Story

The health insurance industry, a broker in Nebraska and the National Association of Health Underwriters scored some seriously good publicity July 12 as the result of a National Public Radio ...  Read →  Read Story

House committee approves health bill with public plan, tax on wealthy

The House Ways and Means Committee has passed a plan to overhaul the U.S. health care system, including the addition of a government-run insurance plan to compete with private insurers ...  Read →  Read Story

Economy, uncertain health reform to hurt group benefit plans into 2011

The recession and staggering job market have hurt enrollment in group health employee benefit plans and with the future of health care reform yet to take clear shape, is expected ...  Read →  Read Story

A long-term care insurance product, LTC Choice ProVider from Guardian Life Insurance Co. of America, has been approved in New Jersey.

The product, launched in March, offers new flexibility and options ...  Read →  Read Story

AIG plans public offering of life insurance unit

Despite rumors it may be for sale, American International Group announced it is accelerating steps to position its American Life Insurance Co. as an independent entity, seeking an initial public ...  Read →  Read Story