AIG board approves $7 million pay agreement with Benmosche

Two weeks after reiterating his commitment to American International Group’s employees and a new pact with the insurer’s board of directors, Robert Benmosche officially had his $7 compensation agreement as chief executive officer approved.  Read Story

Louisiana aiding homeowners affected by defective Chinese drywall

As the federal government begins to weigh in on the effect of defective Chinese drywall on homes across the nation, a unique provision in Louisiana law is protecting homeowners in that state.  Read Story

A Durham, N.C.-based insurance company could have its license to sell insurance in Virginia suspended if it cannot improve its financial condition.  Read Story

N.J. insurance commissioner applauds decision affirming PIP fee schedule

A New Jersey Supreme Court has upheld a lower court’s ruling that the state’s Personal Injury Protection, or PIP, medical fee schedule is appropriate.  Read Story

Medicaid, senior products make up for carriers’ commercial losses

The nation’s eight largest health insurance companies collectively lost 836,000 members in the first six months of the year, as commercial enrollment sagged.  Read Story

An Ulster County, N.Y., man collecting disability benefits for an alleged back injury was caught on tape by fraud investigators driving, power washing and repairing vehicles and fishing.   Read Story

Dominion Dental opens new portal for its dentists

Dominion Dental Services has launched a new provider portal allowing participating dentists to administer their dental transactions online.  Read Story

Best practices for meeting Prudent Person Standard on 401(k) outlined

Companies, faced with meeting the Prudent Person Standard of Care for their 401(k) plans can struggle, often because the business owner is unfamiliar with the process.  Read Story

Report: Employers withhold injuries to save workers’ compensation rates

Employers are discouraged from reporting workplace injuries and illness because it could affect their workers’ compensation rates, a new government report suggests.  Read Story

Missing disk drive puts 1.5 million Health Net members’ info at risk

Officials in Connecticut are investigating the disappearance of a disk drive from an insurer’s office that contains the personal information of 1.5 million members in four states.  Read Story