N.J. auto repair shop owner sent to prison for bilking insurers

A Millstone, N.J., man was sentenced to three years in state prison after pleading guilty to second-degree conspiracy to commit insurance fraud in a case concerning an auto repair shop insurance scheme.  Read Story

P-C insurers’ net premium written shows first rise since 2006

Net premium written by property-casualty insurers grew 1.1% last year, the first increase since 2006, and policyholders' surplus grew by 9%, marking the highest level for its capital, according to a new report.  Read Story

MLR exemption doesn’t guarantee insurance agent commission restoration

Increased “cost pressures” facing health insurers could mean that an effort to free insurance agent and broker commissions from the grip of the federal health reform law might not lead to restored payments.  Read Story

Sometimes, in order to be persuasive, business people tend to argue and try to prove others wrong, which is the exact opposite of what you should do. In fact, those arguing will be very detailed in pointing out why other's beliefs are wrong so they give in. This usually doesn't work very well, and then you just have a battle on your hands that isn't needed.  Read Story

Crump boosts its workers’ compensation capabilities with Pa. deal

A national property-casualty insurer has acquired a Pennsylvania-based insurance intermediary providing services to self-insured workers' compensation programs.  Read Story

Insurance agent licensing exams should be more difficult, poll finds

The insurance agent licensing examinations states proffer should be more difficult, according to half the respondents to the most recent IFAwebnews.com poll.  Read Story

House committee votes to buoy National Flood Insurance Program

The National Flood Insurance Program moved one step closer to an overhaul that one insurance industry official called a “meaningful long-term extension.”  Read Story

Florida sting nails alleged insurance ring involving staged crashes

Arrests warrants were issued for 53 people in Florida, including clinic owners, managers and employees, after a five-month undercover sting targeting fraudulent insurance claims being filed after staged vehicle crashes in Hillsborough County, Fla.   Read Story

State Farm to offer same-sex partners benefits, stating June 1

State Farm Insurance Cos. will begin to offer health insurance and other benefits to its employees' legally recognized same-sex partners, starting June 1.   Read Story

Anyone who thought Aetna’s proposed rate decrease would mean a drop in health insurance prices across the board may be disappointed. The Hartford-based health insurer surprised many observers by ...  Read →  Read Story