Senate Minority Leader Mitch McConnell (R-Ky.) plans to file an amicus brief supporting a federal lawsuit challenging the health care overhaul championed by President Barack Obama, and he invited Republican ...  Read →  Read Story

Advisors warned not to overlook required minimum distribution

A retirement planning group is reminding financial service professionals and their clients not to overlook the required minimum distribution (RMD), a compulsory withdrawal that must be taken from tax-deferred accounts by Dec. 31.  Read Story

Financial planning firm’s owner sent to prison for security fraud

An owner of an Omaha, Neb.-based financial planning company was sentenced to five years in federal prison for security fraud and ordered to pay $6.8 million in restitution.  Read Story

PONTIAC — As health-care costs soared nationally, a small Michigan company gave Ford Motor Co. a proposal to cut its costs for physical therapy.

Alterra Capital Holdings rebrands two of its companies

Alterra Capital Holdings Ltd. renamed two of its companies, rebranding them under the same name as the holding company.  Read Story

Reforms showing effects on New York workers’ compensation

New York’s reforms to its workers' compensation, passed in 2007, have started to affect the state’s system, a study shows.  Read Story

Pa., N.J., Del. Career News: Acanfora joins VIST, other notables

John F. Acanfora was named chief information officer for VIST Financial Corp. based in Wyomissing, Pa., one of a number of recent appointments and promotions in Pennsylvania, New Jersey and Delaware.  Read Story

Wash. State takes ‘unusual step,’ plans to suspend Chubb for 9 months

Washington state insurance regulators issued an order that would prohibit six commercial property-casualty companies of Chubb & Sons from selling new insurance policies in the state for nine months, an extreme step in response to the carriers’ repeated failure for more than a decade to properly document rate decisions.  Read Story

In the hours following key Republican wins in last week’s elections, soon-to-be Speaker of the House John Boehner denounced the new health insurance overhaul law, while Republican Sen. Mitch McConnell called for an immediate vote to repeal the legislation.  Read Story

Lawsuits seek to halt Wilmington Trust deal

Less than a week after once-proud Wilmington Trust Corp. shocked Delaware by announcing it had agreed to be taken over by Buffalo-based M&T Bank Corp. at a deep discount, shareholders ...  Read →  Read Story