Melrose —UPDATED NOV. 1, 8:29 P.M.: Calling the conduct of an employee at the Lynnfield brokerage firm Investors Capital Corp., “unconscionable,” Secretary of the Commonwealth Bill Galvin has announced that ...  Read →  Read Story

MetLife says completed ALICO acquisition makes it ‘powerhouse’

MetLife says its completion of an acquisition of American Life Insurance Co. (ALICO) makes it a “global life insurance and employee benefits powerhouse.”  Read Story

New York insurance broker admits role in rate evasion scheme

A Brooklyn, N.Y., insurance broker pleaded guilty to mail fraud in federal court in connection with a scheme using incorrect addresses to obtain lower auto insurance rates.  Read Story

Insurers reacting to ‘perverse incentives’ for Medicare Part D plans

The Medicare Part D system, designed to encourage competition and subsidize low-income Medicare patients, isn't paying enough to insurance companies who cover the low-income segment of the program, a new study suggests.  Read Story

D.C. regulators say CareFirst’s reserves not ‘unreasonably large’

Federal health reform could force CareFirst to dip deeper into its reserves than had been anticipated with Washington, D.C., officials began investigating its surplus two years ago.  Read Story

N.Y. bank’s insurance agency continues to expand its Pa. footprint

Two Broomall, Pa.-based insurance agencies, Summit Insurance Group and Summit Benefits, have been bought by First Niagara Financial Group.  Read Story

Last week I had a quick conversation with my Maryland congressman at the Starbucks near our IFA offices, and came to understand more fully the dilemma that Democrats face in the midterm elections, and why voters are frustrated that candidates still don't get it.  Read Story

Three states voting on individual mandate in health reform law

Voters in three states – Arizona, Colorado and Oklahoma – will determine in their Nov. 2 election if a key provision in the health reform law is implemented in their states.  Read Story

New York man takes over as Society of Actuaries president

Donald Segal, vice president of Aon Hewitt, has become the 62nd president of the Society of Actuaries (SOA), taking the role at the organization’s annual meeting in New York.  Read Story

Today’s construction industry is in a crisis mode in many areas of the country. Extreme financial pressures are being brought to bear on contractors. Money has tightened up. Cutthroat bidding exists. Contractors are finding their profit margins dwindling.  Read Story