Sen. Claire McCaskill’s once rock-solid support for a key component of President Barack Obama’s national health care reform law appears to be wavering.

Jones, HSS probing Blue Cross of California’s 59% premium rate hike

The new California insurance commissioner and the secretary of the U.S. Health Department are working to prevent Blue Shield of California from implementing a rate increase of up to 59%.  Read Story

Chartis expanded its education and training program for financial services professionals who advise high net worth individuals and families.  Read Story

Guarantee Insurance cash infusion to fuel growth, market expansion

Guarantee Insurance Co., a workers' compensation insurance specialist operating in 26 states and with an office in Philadelphia, closed on an $8 million equity infusion.  Read Story

LTAP US, an Atlanta-based firm that manages a pool with more than 400 life settlements valued at $1.3 billion, recently filed a Chapter 11 bankruptcy restructuring petition.

FINRA bars N.J. woman for taking $18,000 from supervisors’ account

A Livingston, N.J., woman was barred by the Financial Industry Regulatory Authority (FINRA) for taking about $18,000 from her supervisors’ account to pay for personal expenses.  Read Story

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New York City auto claims’ fraud funding ‘unscrupulous’ providers

The number of fraudulent auto insurance claims in the New York City area has increased in the last three years, and claimants are “subsidizing” unscrupulous health care providers, a new report says.  Read Story

National health care spending lower in 2009, despite Medicaid growth

The recession in 2009 caused a historically low growth rate for private health insurance spending and slower growth in consumer out-of-pocket spending, while federal spending grew quickly, a report showed.  Read Story

Virginia firm signs contract for Texas health services work

Reston, Va.-based MAXIMUS has signed an eligibility support services contract with the Texas Health and Human Services Commission.  Read Story