Chubb Corp. reported a drop in quarterly profit late Thursday after the insurer paid more catastrophic claims in the period.

Md. insurance broker indicted again in N.J. benefits fraud probe

A Maryland insurance broker, indicted last month for allegedly stealing $216,000 from the City of Perth Amboy, N.J., is now facing a second indictment, accusing him of conspiring to steal more than $2.5 million from the Perth Amboy Board of Education by submitting fraudulent claims.  Read Story

Indexed annuities remain as insurance product with Dodd-Frank Act

The financial services reform legislation approved this month assures that indexed annuities will remain regulated as insurance products, not securities.  Read Story

Erie Insurance Group’s strong balance sheet, partnering touted

A.M. Best Co. affirmed the “A+” (Superior) financial strength rating for the property-casualty affiliates of Erie Insurance Group.  Read Story

Agent paid $67,000 for allegedly bogus health insurance applications

An insurance agent from Goldsboro, N.C., is accused of filing false applications for health insurance for 269 employees and nine companies that did not exist, resulting in commission payments totaling $67,451.76.  Read Story

Congress allows unemployed to go without COBRA benefits as a result of political miscalculations  Read Story

House passes extension of unemployment benefits, without COBRA

Members of the U.S. House of Representatives approved an extension of unemployment benefits to Nov. 30, retroactive to June 2.  Read Story

Insurance Commissioner Kim Holland has asked the Oklahoma Supreme Court to strike down a new law designed to raise revenue for the state’s Medicaid program.

John Ceci and his attorneys consider federal health insurance reforms to be an unfair tax on the American people and business.

Web-based claims management system heading to N.Y., N.J., other states

E-Subro Hub, a free, paperless, Web-based electronic communication, document and claim management system designed to streamline the subrogation process, will expand to eight additional states, including New York and New Jersey.  Read Story