CareFirst tells Maryland regulators reserve level is ‘healthy’ as is

Much like Goldilocks, when it comes to assessing its hundreds of millions of dollars in reserve funds, regional insurer CareFirst feels it is not too big, nor too small, but just right.  Read Story

Medicaid, CHIP reductions highlight latest budget cuts in Maryland

The Maryland Board of Public Works cut an additional $364 million from the fiscal 2010 operating budget Wednesday, pushing the total reductions to $1.1 billion since the fiscal year began in July.  Read Story

Longtime employee Zinno named head of GEICO Insurance Agency

Thirty-six years ago, John Zinno joined GEICO as a management trainee and now he is running the company’s personal lines insurance agency.  Read Story

Agency moving from Blairstown to Hackettstown

The Lordigyan Insurance Agency is relocating its offices from Blairstown, N.J., to Hackettstown, N.J.  Read Story

Older applications fueling 2.2% growth in life insurance activity

The 60+ market for individually underwritten U.S. life insurance continued to roll, fueling an overall increase in life application activity of 2.2% for October when compared to the same period last year.  Read Story

Delaware enacting law for insurers to cover disabilities screenings

On Nov. 25, Delaware will become the first state in the nation to require insurance carriers to cover medically appropriate developmental screenings for children between birth and age 3.  Read Story

Public option choice highlights Senate Democrats’ $848B health bill

After months of debate, Senate Democrats unveiled a comprehensive health reform bill that the president dubbed a “critical milestone,” but Senate Republicans warned is far from perfect.  Read Story

Maryland couple backs Democrats’ call for middle-class health reform

The struggle to maintain affordable health care coverage may end a Maryland family's 14-year "good run" of operating their own businesses.  Read Story

Law regulating life settlements, banning STOLI advances in New York

A new law regulating New York’s life settlements market and outlawing stranger-originated life insurance (STOLI) is awaiting the signature of Gov. David A. Patterson.  Read Story

Insurer: Texas created ‘another Hurricane Ike’ with $310M ruling

A Texas-based insurer says a recent decision by a state regulator to refund home insurance policyholders $310 million is akin to the financial damage from a major storm.  Read Story