La. police officer, two others charged in alleged car insurance fraud

A Shreveport, La., police officer and two others were arrested and each charged with one count of insurance fraud for allegedly misreporting a stolen vehicle and burning it for insurance money.  Read Story

Selective Insurance writes E&S into its commercial lines book

A Branchville, N.J.-based holding company announced that its subsidiary entered a renewal rights and asset purchase agreement with an Alterra Capital Holdings subsidiary to add excess and surplus lines (E&S) to its portfolio.  Read Story

NAIC looks outside bill for insurance agents, brokers’ MLR exemption

The National Association of Insurance Commissioners (NAIC) is considering alternatives for acquiring exemption of insurance agent and broker compensation from the medical loss ratio (MLR) implementation in addition to the bipartisan bill.  Read Story

Second-quarter life application decline not as bad as in past years

The second-quarter decline in individually underwritten life insurance applications was less than in prior years.  Read Story

Actuaries: Higher Social Security retirement age needed to save program

Congress should consider several steps, including increasing retirement age, to ensure Social Security's solvency in the future, an actuary representing an actuarial association told Capitol Hill.  Read Story

More than 50 state health care workers and executives gathered on Beacon Hill today to protest anticipated federal funding cuts they say would overwhelm the state budget and devastate a ...  Read →  Read Story

Cigna: Despite headquarters move, workers to remain in Philadelphia

Cigna officials say that despite the shifting of its U.S. headquarters to Bloomfield, Conn., a move announced earlier this week, the company will continue to occupy its offices in Philadelphia.  Read Story

Cigna enticed to leave Philadelphia with $50 million in tax credits

Cigna is leaving Philadelphia, moving its headquarters to Bloomfield, Conn., where it was enticed with $50 million in state economic benefits.  Read Story

House approves five-year extension of National Flood Insurance Program

The U.S. House of Representatives passed a bill that would extend the National Flood Insurance Program for five years.   Read Story

Financial calm, not wealth accumulation, now key for retirees

Financial peace of mind is now six times more important than accumulating wealth, according to a new survey of Americans age 55 and up.  Read Story