Regional news: Archive for September, 2009
The Allstate Insurance Co. has agreed to pay 90 former employees about $4.5 million to settle an age discrimination suit filed after the insurer tried to convert its workforce form employees to independent contractors in 1999. Read Story
Less than 20% of insured adults consider themselves knowledgeable about their health benefit plans, according to a new survey. Read Story
A Nevada man faces one year to four years in prison after entering a guilty plea to a felony insurance charge as part of a scheme to obtain money from his insurer. Read Story
A cold winter has lead to a Virginia Beach, Va.-based insurer heating up its rates for customers by 18%. Read Story
A.M. Best has assigned a pair of ratings to HM Casualty Insurance Co., a subsidiary of health provider Highmark. Read Story
Sterling Life Insurance Co., headquartered in Bellingham, Wash., has selected a Maryland company to optimize its financial operations. Read Story
Government reform of pension plan regulations should guarantee participants that disclosures will be “relevant, timely and succinct,” according to Prudential Financial. Read Story
A day after sharp criticism from a New York regulator on their decision not to participate in a hearing on ratings services and their impact on the insurance industry, Moody’s Investors Services has said it will attend the gathering. Read Story
With all the technology options available to agents now, a coalition of four state trade associations has established a hotline to provide some guidance. Read Story
Calling it “wholly unacceptable,” Sen. Max Baucus is lashing out against health insurer Humana for mailings to its senior citizen customers the congressman says are misleading. Read Story
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