Sebelius calls Calif. heath insurer’s profit cap ‘great step forward’

U.S. Health Secretary Kathleen Sebelius said the decision of Blue Shield of California to limit its profits is “a great step forward in lowering costs” for health reform.  Read Story

Middle-income baby boomers have three main retirement worries

The majority of middle-income baby boomers worry most about health care expenses, inflation and outliving their money, with women worrying more than men, according to a new report.  Read Story

Tornadoes’ toll is non-renewal of 73,000 Alfa policies in Alabama

Alfa Insurance, a Montgomery, Ala.-based insurer, is dropping about 73,000 property insurance policies, mostly rental properties, across Alabama in response to the losses it suffered in the April 27 tornadoes.  Read Story

Health reform law challenge of 26 states set for appeals court review

A federal appeals court in Atlanta, where 26 states will argue against the U.S. Government, is the next stop in the ongoing legal battle over federal health reform.  Read Story

VILLE PLATTE — Charles Fontenot shook his head and said, “It’s the first time I’ve seen anything like this in Ville Platte.” Fontenot was one of nearly 100 bystanders who ...  Read →  Read Story

A large California health insurer has caved in to political pressure about its profits, pledging to limit them to 2% of net income. The announcement of Blue Shield of California, one of the state's largest health insurers, seems likely to spawn followers.  Read Story

California insurer to limit annual net income to 2% of revenue

Blue Shield of California pledged today (June 7) to limit its annual net income to no more than 2% of revenue, a move the company said was “bold."  Read Story

Economy-based lifestyle choices may affect auto insurance, NAIC says

More than half of American motorists have made changes in their lifestyles in response to the current economy, and those changes could affect their car insurance, according to new research.   Read Story

N.J. man admits to bilking insurer of nearly $53,000 in fraud scheme

A Millville, N.J., man pleaded guilty to insurance fraud in connection with a fraudulent vehicle insurance claim filed with a Pennsylvania-based insurer.  Read Story

Veritas Insurance Group partners on insuring smartphone cash buys

The Veratis Insurance Group, a subsidiary of The Veratis Group, is partnering with Global Benefits Group to market an its ATMSafe program, which will enable it insure cash transactions on smartphones and other mobile devices.   Read Story