A Finksburg, Md., man was put on probation for felony insurance fraud and was ordered to pay a $20,000 fine.  Read Story

Health Net offering mid-sized groups in California $5,000 guarantee

Health Net of California, one of the largest health insurers in the state, says it will provide a $5,000 check to mid-sized employers if their employees’ Health Net identification cards are not in the mail within 10 days of their enrollment.  Read Story

Ario: Highmark shift leads to ‘single-largest’ renewal complaint total

Highmark Blue Shield’s recent shifting of its small-group business to its for-profit subsidiary has led to a wave of complaints from employers, and an investigation into each by regulators, according to Pennsylvania Insurance Commissioner Joel Ario.  Read Story

N.C. woman linked to alleged staged-accident ring

A Durham, N.C., woman was charged with five counts of insurance fraud in connection with her alleged role in a staged-accident ring.  Read Story

SEC: Cases from financial crisis not ending with Goldman Sachs

The U.S. Securities and Exchange Commission is investigating more cases resulting from the financial crisis, according to its chairwoman, who said the Dodd-Frank financial services reform bill passed this week will help.  Read Story

House to debate ‘unnecessary’ addition of windstorm coverage to NFIP

The U.S. House of Representatives is scheduled today (July 22) to debate a bill that would expand the National Flood Insurance Program (NFIP) to include windstorm insurance coverage.  Read Story

Financial services reform, with minimal tweaks for insurance, now law

President Barack Obama signed sweeping financial services regulatory reform into law today (July 21), creating a system of oversight designed to prevent future meltdowns of the financial services industry in the U.S.  Read Story

Property-casualty forecast is positive, but weaker than GDP’s

The 2010 property-casualty industry forecast is for net premium growth of 1.4%, almost three times lower than the anticipated growth rate for the nation’s gross domestic product.  Read Story

Va. agent drops suit over introduction in LTC insurance case

A Richmond, Va., insurance agent's suit against LTC Financial Partners, the nation's largest producer-owned long term care insurance agency, has been dropped, the company said.  Read Story

Sovereign Banks to sell Liberty Mutual personal insurance products

Liberty Mutual is going to appoint up to 200 Sovereign Bank mortgage development officers to sell its auto, renters and personal liability policies in bank branches in eight states.  Read Story