Insurance shifting from sellers’ to buyers’ market, where trust rules

Insurers must modify their sales strategies to appeal to modern consumers looking foremost for good advice and quality interactions through multiple interaction points, a new report says.  Read Story

Reading I Day to celebrate its 50th anniversary April 14

Reading I Day will celebrated its 50th anniversary at the Crowne Plaza Hotel in Wyomissing, Pa., April 14.  Read Story

Medical jet firm sues when N.J. borough, insurer refuses $433,000 bill

A medical jet company sued Woodland Parks, N.J., which refused to pay a $433,525 bill for flying its police chief home from an Idaho cancer treatment center after its insurer allegedly refused responsibility.  Read Story

State regulators fear health exchanges becoming ‘risk magnets’

A state insurance regulators' white paper offering suggestions for minimizing adverse selection in health insurance exchanges says the best thing states can do is to level the playing field for insurers.  Read Story

Insurance broker accused of embezzling from Tom Hanks, Rita Wilson

Actor Tom Hanks and his wife, Rita Wilson, also an actor, have sued their former insurance broker, alleging the California company grossly overcharged them for insurance policies.  Read Story

D.C.-based auto insurer adding 280 workers in Virginia this year

Geico, which already employs 3,000 people in its regional office in Virginia, is looking for more employees to support its national auto insurance operations.   Read Story

Lawyer allegedly improperly helped public adjuster file Katrina cases

A lawyer in Louisiana is facing disciplinary action for allegedly improperly notarizing four insurance court cases involving Hurricane Katrina claims to apparently ensure they were filed in time.  Read Story

Critics call N.C. medical liability reform plan ‘extremely concerning’

Critics of a bill seeking medical liability reform in North Carolina say it poses a threat to citizens’ private right of action against negligent heath care providers.  Read Story

Rutherfoord, based in Richmond, Va., recently made a number of promotions, part of a string of career news in the insurance and financial services industry in Virginia.  Read Story

U.S. insurers have ‘behaved well’ since Japan earthquake, tsunami

The Japan earthquake and Pacific tsunami earlier this month are not affecting rate quotes for U.S. policyholders whose renewals come up April 1, according to an industry expert.  Read Story