U.S.-EU dialogue to sync insurance regulations continues

Insurance representatives from the U.S. and Europe met in Washington, D.C., for two days earlier this month, as part of the ongoing dialogue concerning challenges with international insurance regulation.   Read Story

Bipartisan bill looks to tweak some Medicare Part B payments

A new bipartisan bill proposes amendments to ensure more “appropriate” drug and biologicals payments for community oncology practices, which are struggling to provide the demand for care, under the Medicare Part B program.  Read Story

‘Unprecedented’ opportunity for advisors as annuity assets reach all-time high

The annuity industry ended last year on “strong and secure footing,” where variable annuity assets reached an all-time high and fourth quarter sales showed the highest levels of last year, a report showed.  Read Story

House’s planned flood insurance reforms ‘good start,’ but not ‘perfect’

A draft proposal to reform the National Flood Insurance Program (NFIP) is a “good start,” although it is not a “perfect piece of legislation,” experts said in a teleconference March 7.  Read Story

South Florida man guilty of filing $15 million in false tax returns

A South Florida man faces a maximum of three years in prison after pleading guilty to one count of filing a false tax return amounting to $15 million.  Read Story

New rule makes investors responsible for cost-basis reporting

New cost-basis legislation requires investors, even if they do not have the help of a broker, to calculate and report their cost basis for securities.  Read Story

Md., D.C. among worst in region, nation for auto insurance rates

Two states in the mid-Atlantic region had car insurance rates that were among the highest in a recent survey from InsWeb, an online insurance seller.  Read Story

Life, health insurers finding ‘balance’ after ‘alarming’ two-year span

Life and health insurance companies may be in a safer place, at least in terms of their ratings, than they have been in the last two years, according to A.M. Best Co.  Read Story

New Jersey man jailed, to pay $75,600 for marine insurance fraud

A Bergen County, N.J., man was sentenced to eight years in state prison for filing more than $60,000 in fraudulent marine insurance claims.  Read Story

Md. plan for single-payer health system set for March 9 public hearing

The Maryland Senate Finance Committee is scheduled to hold a public hearing on a proposal to exceed the provisions of the federal health reform overhaul by creating a single-payer system in the state.  Read Story