Safeco launches new annual auto renewal policy in Pa.

Safeco has launched a new Annual Auto product in Pennsylvania. The Annual Auto product is designed to boost retention by lessening the likelihood of customers shopping for a new policy, company officials said.  Read Story

Baltimore firm, co-owners fined $50,000 for rebating

The co-owners of Employee One Benefit Solutions of Baltimore, Md., and the company were fined $50,000 for offering clients rebates in return for being the broker of record for the companies’ health insurance.  Read Story

Life insurers, life settlement group spar over securitization

A new policy statement from a life insurers’ group, suggesting that the securitization of life settlements needs to be regulated, has sparked a sharp response from a life settlement trade group.  Read Story

Former Virginia claims manager pleads guilty to embezzlement

The former claims manager of a Virginia program to help children with disabilities faces more than a decade in prison after admitting to taking $784,000 through fraudulent claims.

Iris F. Allen, ...  Read →  Read Story

California duo allegedly cheated casino with $4 million insurance scam

An insurance broker and a casino executive were arrested for conspiring to steal $4 million from a California casino through a fraudulent insurance scheme.  Read Story

Property-casualty sector’s net premium written sets record

The U.S. property-casualty insurance industry posted net premium written losses for the third consecutive year, a record, according to a ratings service.  Read Story

Federal government seeks answers in Anthem premium increase in Calif.

California’s insurance commissioner and the Obama Administration are seeking answers as to why Anthem Blue Cross wants to raise its health insurance premiums by as much as 39% for some state residents.  Read Story

Before this blog posting starts getting comments from those who state that I am “anti-woman” or don’t care about the devastation wrought by breast cancer, let me state emphatically: I ...  Read →  Read Story

The Guardian Insurance & Annuity Co. has initiated an enhanced awards program for third-party administrators (TPAs), who use its Guardian Choice and Guardian Advantage group retirement products.  Read Story

Several weeks after the big push failed, few people are talking about health care reform. The usual suspects – President Obama, Nancy Pelosi and other key Democrats, smarting still from the Scott Brown Senate victory in Massachusetts last month – continue to talk (it’s hardly a call or shout now) for change, but the average Joes and Joannes in middle-town America have moved on.  Read Story