Four large nonprofit health plans will return excess profits from public health care contracts to the state under a yearlong deal announced Tuesday by Gov. Mark Dayton.

Agent protection from certificate of insurance abuse weighed in N.Y.

A bill has been introduced in the New York Senate that would provide protection to insurance agents from abusive practices involving certificates of insurance.  Read Story

PROVIDENCE — After a flare-up over abortion that saw the chairwoman of a key Senate committee withdraw her support, the state Senate on Tuesday approved a bill ...  Read →  Read Story

Insurance agent jailed for overstating his business expenses to IRS

An insurance agent in Hawaii was sentenced to 30 months in prison for filing false Schedule C tax forms by overstating his business expenses for tax years 2003 through 2007.  Read Story

U.S. Senate joins House in repeal of 1099 tax-reporting rule

The U.S. Senate has joined the U.S. House of Representatives in passing a bill that will repeal the 1099 tax reporting requirements imposed on businesses with federal health reform.  Read Story

LAS VEGAS — Mitt Romney directly addressed the Obama administration’s backhanded plaudits of his Massachusetts health care law Saturday, defending the law’s controversial individual mandate for the first ...  Read →  Read Story

Coalition urges further reforms to National Flood Insurance Program

A collection of insurance companies, taxpayer advocates and environmental groups are urging changes to a bill in the U.S. House seeking to reform the National Flood Insurance Program.  Read Story

WASHINGTON — The new federal health law has created a flurry of hospital mergers as the industry prepares for major changes in financing and delivery of care. Some ...  Read →  Read Story

Securian offering its first annuity to New York market

Securian Life Insurance Co. has launched its first annuity for sale in New York, saying the new product offers a feature called Advance Withdrawal Benefit.  Read Story

N.C., N.J. entities ordered to stop Internet health plan sales in Conn.

Connecticut’s insurance commissioner has issued a cease and desist order against companies in New Jersey and North Carolina, and against a New Jersey man for marketing limited health benefit plans in the state without licenses.  Read Story