Life insurers to get $1.5 million back after Fla. man faked his death

A Florida man must pay $1.5 million to two life insurance companies after being convicted of a conspiracy charge connected to his faked death on a family trip to Malaysia in October 2003.   Read Story

Detroit— A little-used, state-operated insurance plan for the uninsured hopes to attract more clients with pre-existing conditions by creating new lower-rate insurance options.

Three public hearings planned for Delaware Blues, Highmark deal

The Delaware Department of Insurance has scheduled three public hearings in May to address the proposed affiliation of Blue Cross Blue Shield of Delaware with Highmark Inc.  Read Story

Any Medicare, Social Security, tax changes ‘disastrous’ to retirees

Possible changes to Medicare and Social Security, along with tax increases, have more than half those between the ages of 55 and 79 fearing whether they can afford their plans for retirement, according to LIMRA research.  Read Story

Obama signs end of ‘onerous’ 1099 tax reporting requirement

President Barack Obama signed a repeal of “onerous” reporting rules, forcing insurance agency owners and other small businesses to report on 1099 tax forms any transactions with vendors of at least $600.  Read Story

Keep Medicaid, Medicare funding, but trim tax deductions, agents say

While Republicans and Democrats are fighting over where to make major federal budget cuts, insurance agents are clear: Medicare and Medicaid should not be targets of the budget ax.  Read Story

When it comes to serving your clients, do you follow a specific model that drives your behavior or are you winging it? And, do you think your clients can tell the difference? You bet they can! Unfortunately, most financial professionals are winging it when it comes to how they stay in touch with the clients and how they provide ongoing client service.  Read Story

The days when survivors could count on tax-free life insurance benefits after the death of a loved one could be numbered.  Read Story

Group takes aim at bill seeking agent commission exemption

A consumer advocacy group attacked a bill before Congress seeking to exempt insurance agent and broker commissions from the medical loss ratios, calling it “special interest legislation.”  Read Story

Massachusetts cuts deal to stave off 6.6% workers’ comp. rate increase

Massachusetts' officials say they have signed an agreement to keep workers' compensation rates at current levels through September 2012 or longer.  Read Story