Regional news: 
Archive for March, 2010
Set to dole out $195 million in bonuses to its current and former employees, American International Group is holding back $21 million owed to employees of its Financial Products unit, according to Reuters. Read Story
A bill prohibiting health insurance carriers in the state from increasing premiums on individual health plans more than once a year was passed unanimously by the Maryland House of Delegates. Read Story
A national insurance producer registry, operated by an organization of state insurance commissioners, has processed its 100 millionth licensing transaction. Read Story
A Gilboa, N.Y., man, who claimed he was thrown 35 feet from his mobile home following a propane explosion, recently landed in jail following allegations of insurance fraud and arson. Read Story
Two Illinois doctors and a billing employee were indicted on federal health care fraud charges, accused of submitting false claims of more than $1 million to obtain payments from insurers for services never provided and for inflating claims for work they did perform. Read Story
Union Central Life Insurance Co. has launched a new disability insurance product, its first since it released DInamic 2000 in July 1999. Read Story
More than 2,400 Allstate customers from Delaware will receive refunds or credits totaling $428,355 after the auto insurer neglected to give them proper discounts for completing a defensive driving course. Read Story
Designed as a one-stop online source to support agents’ full training and development needs, Ohio Casualty has introduced its new Agent Learning Center for appointed agencies. Read Story
Property-casualty insurers will need to raise rates as their combined ratios approach 110, according to the chairman and chief executive of CNA. Read Story
AIMS Benefit Solutions and MedLink, a national insurance broker, have formed a partnership designed to exploit each other’s strengths. Read Story
Loading ...
