Regional news: 
Archive for November, 2009
A federal judge sentenced a Rhode Island businessman to 33 months in prison for his part in a kickback scheme that netted him nearly $2 million in furniture from The Hartford Insurance Co. and $3.6 million in business from the insurer. Read Story
Gennet Purcell was confirmed as commissioner for the District of Columbia Department of Insurance, Securities and Banking (DISB), following a unanimous vote by the D.C. Council. Read Story
While President Barack Obama praised a $1.2 trillion comprehensive health reform bill passed by the House as “courageous” and “historic,” Republican congressmen and members of the insurance industry are faulting the bill for its numerous shortcomings, especially the public option. Read Story
A Boston-based financial firm has reached a settlement with Montana regulators where it will pay $1.3 million to victims of a Ponzi scheme allegedly perpetrated by a former employee. Read Story
UPDATE, NOV 9, 2009: To the surpirse of many, the House did in fact vote on and pass its health care reform legislation on Saturday, Nov. 7. Click here for ... Read → Read Story
The U.S. House of Representatives has a new supporter of a public option for health insurance in the recently-elected John Garamendi. Read Story
The American Association of Retired Persons (AARP) has endorsed the health reform bill passed by the U.S. House of Representatives, and touted by House Democratic leaders and Speaker Nancy Pelosi, and ... Read → Read Story
One day before a comprehensive health reform bill hits the House floor for debate, one of the insurance industry’s biggest trade groups is voicing its opposition. Read Story
Citigroup Inc. hopes to raise $100 million through an initial public offering of its life insurance and investment vehicle, Primerica, Inc. Read Story
No-fault payments for medical care for New York accident victims rose 56% in the second quarter, leading one state insurance group to seek reform in the state’s laws. Read Story
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