PIANY has ‘highly productive’ meeting on compensation disclosure rule

Choosing to help craft a new compensation disclosure rule in New York with regulators versus fighting it in a courtroom, a state agents’ group said it had a “highly productive” meeting on the matter recently.   Read Story

Property-casualty unit’s 45% jump in revenue fuels ULLICO’s quarter

ULLICO, the Washington, D.C.-based multi-line holding company for insurance and financial service products, was in the black for the first quarter of this year, an improvement its position in the red one year ago.  Read Story

Mississippi chiropractor accused of false patient claims

A Mississippi chiropractor was recently arrested and charged with insurance fraud after he allegedly made false claims on four patients’ policies.  Read Story

Small business group joins 20 states in fighting federal health reform

A national small business group has joined 20 states in challenging the constitutionality of the Patient Protection and Affordable Care Act, highlighting measures under federal health reform that could “devastate” its members.   Read Story

Insurers defend investments amid California probe into ties to Iran

National insurance companies are defending their business practices after being included on a list released by the California Department of Insurance of those refusing a voluntary moratorium on future investments in firms linked to Iran.  Read Story

Insurers raised $38.6 billion, led by life insurance companies

The U.S. insurance industry raised $38.6 billion in capital from the first quarter of last year through the first quarter of this year, with most of the capital raised in the second quarter of 2009, according to Fitch Ratings’ Insurance group.  Read Story

Okla. regulators take control of Imperial Casualty and Indemnity

An Oklahoma County District Court judge has ruled that an insolvent property-casualty company is now in the hands of state regulators.  Read Story

New health reform law cuts costs by cutting fraud, officials say

Touting the nearly $3 billion federal anti-fraud efforts brought into federal coffers last year, government officials say the Patient Protection and Affordable Care Act will do even more to assist in fighting additional fraud and waste.   Read Story

Fireman’s Fund has announced new crisis management coverages for admitted commercial umbrella policies to help companies during a crisis situation.  Read Story

NAIFA-Va. marking 75 years at conference June 3-6

NAIFA-Virginia will celebrate their 75th anniversary at their annual conference June 3-6. This year's theme is “Celebrating the Past, Protecting the Future.”E  Read Story