NAIFA-MD’s Dougherty to serve as national NAIFA trustee

Paul Dougherty, a past president of the Maryland chapter of the National Association of Insurance & Financial Advisors, was recently elected to the trade group’s board of trustees.  Read Story

NYMAGIC, ProSight Specialty deal approved by shareholders

Shareholders of NYMAGIC approved a merger agreement with ProSight Specialty Insurance Holdings, paving the way for the deal to be completed.   Read Story

Humana diversifies with acquisition of Concentra for $790 million

Humana, the national health insurance company, plans to buy Concentra, a privately held health care company that operates 300 medical centers in 42 states.  Read Story

Shares of Manulife Financial Corp. fell nearly 5% at one point on Monday after a downgrade at Citigroup. Analyst Colin Devine cut his rating to Sell from Buy ...  Read →  Read Story

Agent groups vow to take insurance commission fight to Congress

Two insurance agent trade groups say they want Congress will “fix” how medical-loss ratios will be calculated with health reform because the proposed formula factored could “negatively impact” agent and brokers, and their commissions.  Read Story

Blue Cross Blue Shield of Michigan is facing a wave of lawsuits across the state accusing the insurance giant of pocketing millions of dollars in hidden fees from local ...  Read →  Read Story

Doctors say automated insurance process would improve patient care

Insurance companies that require doctors to ask permission before performing treatment negatively affect patient care, a survey shows, and most doctors wish the system was automated.  Read Story

Health insurers gave the U.S. Chamber of Commerce $86.2 million last year that was used to oppose the health care overhaul law, according to tax records and ...  Read →  Read Story

People know they must fund their own retirement, but not how

Although Americans do not trust Social Security's viability and believe they need to fund their retirement themselves, most struggle to understand how to save enough for the future, a survey says.  Read Story

Allstate hiring 65 agents in mid-Atlantic region

Allstate Insurance Co. is looking to expand quickly in the mid-Atlantic region, with plans calling for hiring 65 new agents for its five-state Capital region.  Read Story