A proposal to limit and shed more light on mutual-fund distribution charges could help rein in advisers who have been pushing higher-price funds on clients. But some advisers say smaller ...  Read →  Read Story

NAIC ‘re-reviewing’ disclosures on retained asset accounts

The National Association of Insurance Commissioners is “re-reviewing” disclosure requirements regarding retained asset accounts (RAAs), said Jane L. Cline, the association's president.  Read Story

The National Association of Insurance Commissioners (NAIC) is asking for help in coming up with a way to adequately model projected losses on 7,500 commercial mortgage-backed securities (CMBS).

SCC plans October hearing on workers’ compensation rate changes

The Virginia State Corporation Commission (SCC) has scheduled an October hearing to consider a request to change the premium levels charged for workers’ compensation insurance.  Read Story

Pharmacists’ group says Aetna, CVS Caremark deal is bad medicine

CVS Caremark has been awarded a 12-year contract to provide pharmacy benefits to the 9.7 million lives covered by Aetna.  Read Story

Clinic raid, arrests part of Florida’s fight against staged crashes

A West Tampa, Fla., medical clinic was raided and shut down, and four people were charged with racketeering offenses, as Florida officials continue to combat staged auto accidents and bogus medical clinics.  Read Story

Today marks the 45th birthday of Medicare, the public insurance program that guarantees basic medical coverage to all seniors and people with severe disabilities regardless of their income, health status ...  Read →  Read Story

New York, feds probing life insurers’ handling of military policies

New York Attorney General Andrew Cuomo and the U.S. Department of Veterans Affairs have begun to investigate life insurance companies’ profits from retained death benefits. The New York State Insurance Department also is exploring insurers’ practices.  Read Story

Independence Blue Cross adds online information for members

Independence Blue Cross (IBC) is offering its members more personalized online information about their health, a move it says coincides with health reform’s passage.  Read Story

Ill. insurance agency, 3 agents’ licenses revoked over sales to military

Illinois insurance regulators revoked the licenses of a Lake Bluff, Ill., insurance agency and three insurance agents for improperly marketing and selling life insurance policies to members of the military.   Read Story