Life insurance group adds its support to America Saves Week

With a new survey indicating that the recession has eroded the savings practices of millions of Americans, a life insurance association is joining others in promoting the importance of making ...  Read →  Read Story

Commercial insurance lines rates forecast to ‘flatten’ this year

A key ratings service continues to view the U.S. commercial insurance market outlook as “stable,” forecasting a “flattening” in commercial lines rates later this year.  Read Story

According to an article on the Financial Advisor magazine website, new rules proposed as part of President Obama’s proposed FY 2011 budget could force some registered representatives to be reclassified ...  Read →  Read Story

WellPoint taking more than 700 violations in Calif. ‘very seriously’

With the recent discovery of 732 violations of California claims handling laws against Anthem Blue Cross, the insurer’s parent company says it is taking the matter “very seriously” and will address all the issues identified by regulators.  Read Story

A former insurance agent with Wright-Gardner Insurance in Hagerstown, Md., who is also a local high school basketball coach, is accused of 26 incidents of theft from his former employer, amounting to more than $30,000.  Read Story

New York receives $2.4 million from providers who inflated health claims

Six medical providers have reimbursed state officials more than $2.4 million to cover the cost of inflated billings submitted to the New York State Health Insurance Program (NYSHIP).  Read Story

Ario warns of ‘unstable’ Pa. market without small group health reform

As Washington, D.C., considers its next legislative move regarding health care reform amid a myriad of choices, Pennsylvania’s top insurance regulator says his state has a clear focus for change: the small-group health market.   Read Story

Amerigroup sees increases in net income, membership

Amerigroup Corp. said its net income for the fourth quarter increased by about $5 million and its membership rose by 13.2%.  Read Story

Financial advisors left out of majority of ETF purchases

Nearly two-thirds of exchange traded fund (ETF) buyers are not using the services of a financial advisor and many of those who use advisors to purchase products say they could do without help.   Read Story

Stuffing rodents into cars nets couple jail time for insurance fraud

The former owners of a Redwood City, Calif., auto repair shop will spend time behind bars for their connection to an insurance fraud scheme that involved stuffing dead rodents into cars and claiming the need for extensive work to the vehicles.  Read Story