Nevada insurance commissioner Kipper tenders resignation

After less than two years on the job, the head of the Nevada Division of Insurance has resigned from that post.  Read Story

CIGNA unveiled a new website for insurance brokers who sell health benefit plans to companies with 50 to 250 employees, to help determine which funding option will best fit their clients’ needs.   Read Story

Since my May 11 blog entry opining that there is no constitutional authority for Congress to enact Obamacare, the United States Department of Justice has spoken, taking issue with my ...  Read →  Read Story

N.J. officer convicted of insurance fraud for claiming laptop stolen

A false claim on an Apple laptop could land a 22-year veteran of the Plainfield (N.J) Police Department in prison for up to 10 years.  Read Story

Rendell says federal risk pool an ‘important complement’ to adultBasic

Pennsylvania Gov. Ed Rendell said he has accepted an invitation from federal officials to participate in a high-risk health pool to aid uninsured residents.  Read Story

White House proposes legislation raising liability caps for oil firms

Following what the Obama Administration is calling “a massive and potentially unprecedented environmental disaster” in the Deepwater Horizon oil spill in the Gulf of Mexico, the president has sent Congress a legislative package, including a measure to raise the liability caps for oil firms.  Read Story

Homeowners drain policy disclosure omission costs insurers in Md.

A handful of insurance companies paid $10,000 fines to the Maryland Insurance Administration for either failing to include in their homeowners policies sewer and drain backup coverage or not including language of the change in policies, records show.  Read Story

Trade groups want Sebelius to promote agent’s role on insurance portal

A quartet of insurance industry trade groups, representing nearly 500,000 industry professionals, is voicing a joint request for a stronger statement on the U.S. Department of Health and Human Services’ web portal for consumers exploring health insurance options on the role of insurance agents and brokers.   Read Story

Life settlements firm to pay $170,000 for unregistered Va. securities

A Texas-based life settlements firm has agreed to a settlement with Virginia regulators over allegations it failed to register its securities.  Read Story

FINRA bars former Fla. broker accused of taking millions from clients

A former Ponte Vedra Beach, Fla., financial advisor is now permanently barred from the industry for misappropriating more than $1.9 million of his clients’ funds and taking other actions to hide his scheme.  Read Story