Financial services reform bill loosens regulatory grip on insurance

A U.S. Senate and House conference committee on financial services regulatory reform agreed early today (June 25) on a bill that would avoid duplication between state and federal insurance regulation.  Read Story

Aetna withdraws 25% rate hike plan in Calif. after review finds errors

Aetna withdrew a 19% rate increase in California after “substantial mathematical errors” were uncovered during the state’s review, state insurance regulators said.  Read Story

Vitale wants to add 39,000 uninsured parents to FamilyCare

New Jersey Senate Health Committee Vice-Chairman Joseph Vitale wants to allow more parents to enroll in FamilyCare, the state’s insurance program for poor people who work.  Read Story

In six years, HSAs have become a household acronym

Six years after they became available, Health Savings Accounts appear to have been accepted as a mainstream health care option, according to a new survey from HSA Bank.  Read Story

GUARD’s co-founders retire; new president, administrative office named

The couple that co-founded GUARD Insurance Group has retired, and two of the Wilkes-Barre, Pa.-based company’s executives have new titles.  Read Story

FINRA fines Virginia man $22,500 for his outside business activities

A Chesterfield, Va., man was fined $22,500 for failing to inform his member firm of his outside business activities, according to the Financial Industry Regulatory Authority.  Read Story

The rich grew richer last year, even as the world endured the worst recession in decades.

Buffalo Bills’ McGee settles suit over financial advisor’s work

A National Football League player has settled a civil suit in which he alleged that a financial advisor he was introduced to by his agent put his money into unauthorized investments.  Read Story

N.Y. eyes tweaks to windstorm deductible bill to end trigger confusion

New York lawmakers have amended a windstorm deductible bill in a manner that one industry trade group says would end the confusion over windstorm triggers for the state’s coastal property owners.  Read Story

New Hampshire has enacted one of the nation’s toughest laws against an esoteric, and controversial, form of life insurance.