Pelosi warns of insurers ‘poisoning the well’ as reform vote nears

House Speaker Nancy Pelosi said the new reconciliation package she wants the full House of Representatives to pass in a few days includes greater insurance reforms and warned that insurance companies will be “poisoning the well” with “misrepresentations” and “misinterpretations” designed to kill the bill.  Read Story

Insurance Society holding Philly All Industry Day

The Insurance Society of Philadelphia is hosting its Philly All Industry Day March 26 with the theme of “Managing Risk in a Challenging Environment.”  Read Story

N.Y. agent arrested for grand larceny in alleged annuity scheme

A Queensbury, N.Y., insurance agent is accused of defrauding a couple by stealing money given to him for purchasing insurance policies.  Read Story

Florida’s Citizens to offer $2 billion in bonds to brace for hurricanes

With hurricane season approaching, Florida’s Citizens Property Insurance Corp. plans to sell $2 billion in tax-exempt bonds to add to its reserves for claims.  Read Story

Millville renews contract with long-time insurance broker

Millville, N.J., officials have renewed a contract with their long-time insurance broker, Allen Associates, and will switch to a new health care benefits provider for city employees.  Read Story

Surveillance video spoils Pa. man’s alibi, leads to fraud charge

A Wilkes-Barre, Pa., man faces charges of insurance fraud and false reports to police after a diner’s surveillance camera allegedly ruined claims his car was stolen.  Read Story

Virginia AG opposes ‘deem and pass,’ will sue to block health mandates

Virginia Attorney General Ken Cuccinelli is urging Democrats in Washington, D.C., to reconsider the use of the “deem and pass” rule to approve health care reform and is threatening a state suit against any such comprehensive bill.  Read Story

Governor signs anti-mandate Idaho Health Freedom Act into law

Noting that Washington, D.C., is “working out their scheme” to pass a health reform bill, the governor of Idaho has signed into law a bill blocking any individual mandate to secure health insurance and give the state the right to sue to protect that freedom.   Read Story

Jury finds former Ind. insurance agent guilty of securities fraud

A former Indiana insurance agent, accused of targeting a terminally ill man with an unregistered investment opportunity, was found guilty by a Franklin County jury.  Read Story

Financial planner group want tougher standards from Congress

An organization representing about 75,000 financial planning professionals “strongly urged” the U.S. Senate Banking Committee to include financial planner consumer protections that include increase regulation, oversight and competency and ethics standards for anyone calling himself a “financial planner.”   Read Story