MAIF sees some investment assets grow, to $42 million

The Maryland Automobile Insurance Fund (MAIF) said its assets directly managed by two minority investment firms have grown from $7.3 million to $42 million in value in the fiscal year that ended June 30.  Read Story

Principals, others accused in $100 million life settlement scheme

Three executives for a collection of businesses that acquired and marketed life settlements to investors were indicted for their alleged roles in a $100 million fraud scheme with more than 800 victims across the U.S. and Canada.  Read Story

DURHAM — N.C. Mutual Life Insurance Co. still has not filed for the $25 million guaranty capital offering that it had announced in March at its annual policyholders meeting, the ...  Read →  Read Story

Virginia Attorney General Ken Cuccinelli accused President Barack Obama on Sunday of respecting liberty less than the British crown did in the years before the Revolution.

Hannover Re, Germany’s second- biggest reinsurer, said reinsurance premiums may fall by between 2 percent and 5 percent in January’s contract renewals as competition drives down prices.

FASB’s proposed Accounting Standards Update raising issues

North American insurers and reinsurers are worried that the Financial Accounting Standards Board (FASB) proposed Accounting Standard Update, designed to simplify existing accounting standards for financial instruments and hedging activities, does not provide decision useful information to investors in insurance companies.  Read Story

Keystone Insurers Group plans expansion to Tennessee

Keystone Insurers Group announced its expansion into Tennessee next year, expanding past its current six states.  Read Story

Boehner fears health reform will ‘bankrupt our country’

The man who would become speaker of the U.S. House of Representatives if the Democrats lose the majority in November says he wants to repeal federal health reform.  Read Story

California doctors file suit over Blue Cross ratings program

The California Medical Association has sued Blue Shield of California over the health insurer’s new online doctor ratings system, which the alliance of physicians says is inaccurate and misleading.  Read Story

U.S. Rep. Brian Baird on Thursday transformed a meeting room at Clark College into a question-and-answer session about how small businesses can take advantage of federal health care reform, launching ...  Read →  Read Story