Lloyd’s of London suing BP over oil spill claims in Gulf of Mexico

Lloyd’s of London is asking a federal court to block a claim by oil company BP seeking damages against its Deepwater Horizon partner, Transocean, over oil spewing from the bottom of the Gulf of Mexico.  Read Story

Erie Insurance claims third straight customer satisfaction award

For the third consecutive year, Erie Insurance has finished first in customer satisfaction among auto insurance shoppers in a study by J.D. Power and Associates.  Read Story

N.J. man fined $5,000 for logging phony phone numbers for clients

A registered financial representative from Edgewater, N.J., was fined $5,000 for altering customer’s phone numbers in his company’s database to deter other employees from following up with those people after he left the job.  Read Story

New health care fraud task force formed in Southwest Virginia

A new task force combining the efforts of federal, state and local officials to combat health care fraud in Southwest Virginia has been formed.  Read Story

Delaware welcomes Marathon Financial as latest captive insurer

The Delaware Department of Insurance recently announced the re-domestication of Marathon Financial Insurance Co. from South Carolina as the state’s latest captive insurer.  Read Story

Landmark relocates to new Maryland office

Landmark Insurance & Financial Group, the agency headed by former Maryland Insurance Commissioner Al Redmer Jr., moved its Baltimore office.

The firm moved April 1 from International Circle in Hunt Valley, ...  Read →  Read Story

Man fined $5,000 for helping financial advisors cheat on CE tests

A Connecticut man was fined $5,000 by the Financial Industry Regulatory Authority (FINRA) for taking financial advisors’ state continuing education examinations and helping others to complete the tests, records show.   Read Story

Pre-retiree men better prepared than women for future

Pre-retiree men are preparing more for retirement than women, but both sexes appear to put off the bulk of their preparation until nearing retirement.  Read Story

Health Savings Account enrollment hits 10 million mark

The number of people who are covered by Health Savings Accounts (HSAs) has reached 10 million, spurred in part by strong growth in the large-group market, according to America’s Health Insurance Plans (AHIP).  Read Story

Insurance groups ask court to stop New York’s broker disclosure rules

Two insurance trade groups jointly filed suit May 25 against the New York State Insurance Department asking the New York State Supreme Court to halt implementation of a new broker compensation disclosure rule.  Read Story