Nationwide Financial has added the new YourLife No-Lapse Guarantee UL to its selection of fixed life insurance products, to provide clients with greater flexibility and enhanced services for financial advisors, the company said.  Read Story

Obama, administration attacking insurers’ anti-trust exemption

President Barack Obama minced no words in his weekly radio and Internet address Oct. 17, saying the Congress’ review of the anti-trust exemption granted to insurance companies is appropriate because they are standing in the way of health care reform.  Read Story

New York securities broker banned for defrauding client of $511,000

A former New York securities broker accepted a ban from the securities industry after allegations he defrauded a 90-year old Minnesota man of $511,000.  Read Story

California to regulate life settlements, forbids STOLI deals

California Gov. Arnold Schwarzenegger recently signed into a law a bill to regulate the state’s life settlement market that includes a ban on stranger-owned life insurance policies.  Read Story

Pittston, Pa.-based independent agency Joyce, Jackman & Bell is working with a state bankruptcy court to acquire troubled Murray Insurance Agency.  Read Story

More competition, lower pricing hurts auto insurers

Heightened market competition is hurting auto insurance companies in the United States, according to a new report.  Read Story

D.C.-based insurer sees five-fold growth since 2005

A Washington, D.C.-based property-casualty insurer has surpassed the $100 million mark for gross written in-force premium, sparked in part by strong growth in its transactions like agency and group captives for its specialty markets, company officials said.  Read Story

N.J. regulator sides with chiropractors in Horizon reimbursement rift

A pair of associations representing state and national chiropractors is cheering a decision by the New Jersey Department of Banking and Insurance over reimbursements for their services.  Read Story

Willis Group sees Irish eyes smiling, to ditch Bermuda incorporation

Willis Group Holdings Ltd., the global insurance broker, plans to change its incorporation from Bermuda to Ireland, a move it says will benefit it economically and competitively.  Read Story

The District of Columbia’s acting commissioner of insurance, Gennet Purcell, got it right when she warned insurers not to use information about domestic violence in their underwriting decisions, according to ...  Read →  Read Story