According to an article on IFAwebnews.com, many investors are opting for EFTs and bypassing the traditional financial advisor relationship.

Besides Charles Schwab mentioned in the article, Legg Mason filed an applicaion ...  Read →  Read Story

Federal judge allows Ohio pension funds to take AIG to trial

Ohio’s attorney general says a federal court ruling granting class-action status for three of the state’s pension funds against American International Group is “a substantial step closer to justice.”  Read Story

Virginia House subcommittee stops autism treatment bill

A bill mandating that insurers cover the diagnosis and treatment of autism spectrum disorder was tabled by a Virginia House subcommittee nearly a week after it passed in the state Senate, effectively killing the legislation.   Read Story

In vitro insurance expansion bill passes Md. Senate on reconsideration

A week after the state Senate was deadlocked on a bill expanding mandates to health insurers in aiding couples using in vitro fertilization, the measure passed and is now headed to the Maryland House.  Read Story

Defunct insurance agency’s CEO charged with stealing $300,000

The chief executive of a defunct Hudson County, N.J., insurance agency was indicted on charges of stealing insurance premiums.  Read Story

Regional firm offering monthly audio conferences on sales topics

Financial Solutions Group is offering agents and financial service professionals access at no charge to monthly audio conferences on important industry sales topics.  Read Story

New York insurer to write policies for coastal Rhode Island properties

Privilege Underwriters Reciprocal Exchange (PURE), an insurer targeting the high net-worth market, is now offering property-casualty insurance, primarily to costal properties in Rhode Island.  Read Story

Hauling boat anchor nets workers’ comp. fraud charges for Conn. woman

A Winsted, Conn., woman who claimed to be too badly hurt to greet customers at a local Wal-Mart now faces workers’ compensation fraud charges after allegedly being videotaped on a fishing trip hauling up her vessel’s anchor.  Read Story

OMB: ‘Strong support’ for killing health insurer antitrust exemption

The U.S. Office of Management and Budget, part of the Obama Administration, is indicating its “strong support” for a bill repealing the antitrust exemption for health insurance companies.  Read Story

The board of Harleysville Group has paid a dividend for 95 consecutive quarters after approving a 32.5-cent quarterly dividend per share.  Read Story