Conseco reports $15 million in net income, riding Bankers Life success

Bankers Life experienced a 26% increase in its pre-tax operating earnings, which, along with a boost in life and Medicare supplement sales, led its parent, Conseco, to report $15.4 million in net income in the quarter.  Read Story

Ratings agencies put GEICO, Gen Re under watch over railroad deal

A pair of rating agencies is keeping its eyes on three Berkshire Hathaway subsidiaries as the company looks to acquire a majority share in the Burlington Northern Santa Fe railroad.   Read Story

Senate committee investigates insurers’ pricing of small-group market

Four of the nation’s largest health insurance companies have about a week to justify to a Senate committee their pricing practices.  Read Story

If you place group life insurance, you have witnessed a freefall in competitive rates per thousand dollars of covered volume—a Race to Zero. People are living longer and actuarial professionals have taken this into account. This is good news and I’m all for saving money, especially in this economic climate.  Read Story

Neighbor “A” is 45 years old, drives a late-model car, has no citations or accidents on his record, and promptly pays his bills.

Likewise, Neighbor “B” is 45, has the same ...  Read →  Read Story

The House on Saturday approved its version of health care reform (more like health care hijacking…click here for story).

Janet Trautwein, CEO of the National Association of Health Underwriters (NAHU) responded ...  Read →  Read Story

Protestors urge end of bonuses at AIG’s Jersey City offices

A citizen watchdog group picketed in front of American International Group’s offices in Jersey City, N.J., urging the insurer to end the practice of bonuses and rescind those already given to its employees.  Read Story

The Pennsylvania Insurance Department’s plan to move agent and broker license renewals to the applicant’s birth month is scheduled to begin with January 2010 renewals, according to the department.  Read Story

New York senator seeks end to ‘disgraceful’ actions by health insurers

A New York senator has filed legislation to protect patients from what he calls “absolutely disgraceful” behavior by insurance providers.  Read Story

Homeowners Choice drops merger bid; ‘hostile acquisition’ not ruled out

Following a rejection by 21st Century Holding Co. on a possible merger, Homeowners Choice, a Clearwater, Fla., property-casualty insurer, has dropped its bid for the company, but has not ruled out a “hostile acquisition” in the future.  Read Story