Va. firm wants to help states develop their health insurance exchanges

A Virginia-based company that provides government services worldwide said it has launched its Health Insurance Exchange offerings, designed to help states meet federal regulatory requirements included in federal health reform legislation.  Read Story

Bill’s failure means reprieve for People’s Insurance Counsel

While the People’s Insurance Counsel is ready to get back to work, a Maryland state delegate who proposed the elimination of the office still feels it is a “make-work program.”  Read Story

False forwarding of mail for Florida property insurer uncovered

U.S. Postal Service and other investigators are probing who fraudulently filled out a change-of-address form for Citizens Property Insurance, causing checks for payment from policyholders in June to go to a Hialeah, Fla., apartment, not the state’s property insurer of last resort.  Read Story

Brown & Brown buys New York employee benefits firm

Florida-based Brown & Brown is buying the assets of Meridian Group of New York, which will be operated by a subsidiary, Brown & Brown of New York.  Read Story

Pa. agent’s failure to pay state taxes costs him license, $24,000

A Pennsylvania insurance agent, owing more than $151,000 in state income taxes over a seven-year period, lost his insurance license and was fined $24,000.  Read Story

USDA Risk Management Agency Administrator Bill Murphy said June 30 that his agency has sent crop insurance companies a revised final offer of a new standard reinsurance agreement ...  Read →  Read Story

Most insurers will not cover damage to yachts and other boats caused by oil spills, since they are widely reported.

Shares of American International Group, Inc. (NYSE:AIG) closed the trading session at $33.1 near its 200 day moving average currently set at $34.5759. AIG’s price action is below this important level, ...  Read →  Read Story

Already grappling with a surge in claims for unemployment insurance, recession-weary state labor departments are also now dealing with increased fraud.

Many family doctors are burnt out, have huge overhead expenses and are often working 12-hour days just to make the ends meet. Abysmal and irregular reimbursements from Medicare are forcing ...  Read →  Read Story