House starts move toward five-year national flood insurance extension

The U.S. House of Representatives passed a bill extending the National Flood Insurance Program for five years.  Read Story

FINRA to beef up public access to online broker information

The Financial Regulatory Authority (FINRA) is increasing the amount of information it offers publicly about current and former securities brokers in the next few months.  Read Story

California cracking down on improper Medicare plan handling

California’s Medicare Advantage plan regulators have barred a Fulsom, Calif., insurance agent from selling the plans after her alleged use of “unscrupulous and deceptive practices against nearly a dozen local senior citizens,” according to a statement.  Read Story

Maine’s superintendent of insurance is worried that a requirement in the new federal health reform law could cause further problems for Mainers struggling with high-cost individual insurance coverage.

ProSight Specialty Insurance to buy NYMAGIC

NYMAGIC is going to be acquired by ProSight Specialty Insurance Holdings, a specialty property-casualty insurance company.  Read Story

Financial services reform bill overcomes last roadblock

The Democratic-led Senate overcame a Republican effort to halt passage of the Dodd-Frank Act, clearing the procedural hurdle and assuring its passage.  Read Story

Pa. carrier using texting program to promote maternal, child health

In an effort to improve the health of mothers and their babies, Keystone Mercy Health Plan has formed a new partnership to launch the Philadelphia “Text4baby” campaign.  Read Story

Arch Insurance to pay $460,000 over unpaid Equity Homes refund claims

Arch Insurance Co., the bonding company for Equity Homes, a Fairfax, Va.-based home builder, has agreed to pay $460,000 to settle consumer claims regarding deposits on new homes.  Read Story

LPL to acquire National Retirement Partners

LPL Investment Holdings is buying National Retirement Partners, one of the nation’s largest networks of independent retirement-focused advisory firms.  Read Story

Warren Buffett’s Berkshire Hathaway Inc. scaled back sales of the most unusual and riskiest U.S. insurance policies as prices declined and the company guarded capital for its biggest ...  Read →  Read Story