Allstate Corp.’s stock closed down nearly 5% Monday on news that the head of its biggest business unit had left the company suddenly.

Pacific Life buying reinsurance block from Manulife

Pacific Life is going to acquire a large block of mortality retrocession and reinsurance business from Manulife Financial Corp.  Read Story

Five more sent to prison in New Jersey’s Operation MedScam probe

Five people were sentenced to state prison, the latest members of a Jersey City, N.J.-based drug ring that trafficked prescription pain pills in Hudson, Monmouth, Morris, Ocean and Bergen counties, according to the New Jersey Attorney General's Office.  Read Story

Potomac Insurance Network signs its 100th member agency

SIAA Inc., the largest alliance of independent property-casualty insurance agencies in the country, announced that its Master Agency partner Potomac Insurance Network (PIN), based in Baltimore, Md., signed its 100th member agency. PIN now has a total of 3,767 signed members.  Read Story

t’s a rough time to be an insurer, and investors looking at quarterly earnings will be focusing mostly on a single question: How long will the pain last.

Marine contractor sues insurers, denies responsibility to pay claim

A Houston, Texas-based marine contracting corporation recently filed a suit against a group of insurers on grounds that it was never responsible for paying about $500,000 to an injured maritime ...  Read →  Read Story

Virginia independent insurance agency acquired by The Dawson Cos.

Tabb, Brockenbrough & Ragland, a 129-year-old independent insurance agency in Richmond, Va., has been acquired by an Ohio-based independent agency system.  Read Story

Agents split on whether federal health reform law is legal

A little more than half of respondents say the federal health reform law is illegal and should be stricken, according to the latest IFAwebnews.com poll.  Read Story

Mention the phrase "social media" and most people automatically think of Facebook and Twitter. But if you have any dealings in the corporate world--whether you're a CEO, salesperson, human resource manager, administrative assistant, or anything in between--you'll want to take a closer look at LinkedIn. You will find it a useful tool to make your business relationships more meaningful and more profitable.  Read Story

HHS standardizes health care transactions, saves time and $12 billion

The Department of Health and Human Services (HHS) recently introduced an interim final rule standardizing certain electronic transactions to save $12 billion and give providers better access to patients' health care information.   Read Story