Volcano spurring millions in travel insurance claims

With millions facing delays in air travel due to a volcanic eruption in Iceland, the industry is treating claims by stranded travelers as weather-related incidents.  Read Story

Hartford Steam Boiler has introduced Home Field Advantage, a new product to aid small, community-based insurers with their commercial and personal line products, by broadening their coverage for exposures.  Read Story

WellPoint, UnitedHealthcare closing coverage gap to young adults

With federal health reform expanding the dependent age for coverage of young adults to 26 as of this September, national health insurers WellPoint and UnitedHealthcare have announced steps to avoid a gap in care.  Read Story

Pennsylvania broker announces candidacy for state representative

An insurance broker and registered investment representative from Aaronsburg, Pa., says he wants to restore fiscal responsibility in Harrisburg by seeking election to the state’s House of Representatives.  Read Story

Group urges Congress to stop ‘havoc’ of short-term NFIP extensions

A national insurance agents group is asking Congress to finally address a long-term solution to preserve the National Flood Insurance Program for the foreseeable future.  Read Story

N.J. man sentenced for perjury after lying about fake insurance cards

An East Orange, N.J., man who told a jury in 2008 he did not know the insurance cards he was using were fake, leading to his acquittal, will now spend six months in jail and serve two years probation after it was discovered that he lied in court.  Read Story

Md. firm signs deal to offer Physhield’s medical malpractice coverage

Bel Air, Md.-based Palumbo Insurance Associates has entered into a managing general agent agreement with Physicians Healthcare Management Group (Phyhealth) to offer medical malpractice insurance to physicians and other healthcare providers.  Read Story

Conn. benefits group executive admits to theft of more than $1 million

The owner of a pair of Connecticut-based employee benefits firms admitted in federal court to stealing more than $1 million in contributions to an employee insurance benefit plan.   Read Story

Many retirees’ financial security jeopardized by advisors’ inaction

A failure by many financial service professionals to ask key questions about retirees’ plans for the future “could jeopardize” the financial future of those clients.  Read Story

Top 10 long-term care insurance sellers, rookies for 2009 named

An insurance agent in California who sold the most long-term care insurance last year was among 500 agents recognized in the Eighth Long-Term Care Sales Achievement Awards.  Read Story