Agent allegedly sold Va. cities surety bonds without being licensed

An insurance agent and two companies are accused of selling surety insurance in Virginia without being licensed, according to state records.  Read Story

Federal appeals court reopens portions of bid-rigging suit

A federal appeals court restored part of a class-action suit involving scores of insurance companies and brokers accused of conspiring to rig bids.  Read Story

Medicare Part D costs come in 43% lower than forecast

Federal authorities say the 10-year cost estimate for Medicare Part D came in 43% lower than the initial cost estimate of $634 billion.  Read Story

Slowly but surely the insurance industry is consolidating, but don’t look for a flurry of activity anytime soon.

Delaware officials are proposing spending $2.4 million of its strategic fund grants to retain the Claymont offices and 470 CIGNA employees who work in the state.  Read Story

Paterson signs Ian’s Law, limiting HMO contract discontinuations

New York Gov. David A. Paterson signed "Ian's Law" into law, expanding the protections for consumers in case a health insurer or HMO discontinues a class of policies or contracts.  Read Story

For private life insurers, Aug 31 could be the longest working day this fiscal as they scurry to book unit-linked policies (ULIPs) sold long after the deadline set ...  Read →  Read Story

Delaware Blue Cross affiliating with Pennsylvania’s Highmark

Blue Cross Blue Shield of Delaware is affiliating with Highmark Inc., Pennsylvania’s largest health insurer, in a deal announced less than a week after its interest in finding a strategic partner was made public.  Read Story

California, Florida addressing insurance issues for vacant homes

California’s insurance commissioner is warning homeowners in his state to review their homeowners’ policy with an eye on vacancy protection.  Read Story

More workers raiding 401(k) plans to pay for living expenses

More people are dipping into their 401(k) plans, forced by the economy to use the funds to pay for daily expenses, according to new research.  Read Story