Half of Medicare supplement providers foresee growth this year

Nearly half (48%) of Medicare supplemental coverage providers expect to grow this year, while another 40% of providers surveyed said they expect sales to match their 2010 levels.  Read Story

CHARLESTON — A Charleston woman is suing USAA Casualty Insurance Company after she claims it denied a 2010 claim. In June 2010 there were multiple severe storms that damaged ...  Read →  Read Story

Allstate’s latest N.Y. suit seeks $1 million for alleged insurance fraud

Allstate, the Hauppauge, N.Y.-based insurance company, sued 10 New York people to recover more than $1 million, alleging that laypersons illegally owned and operated four professional service corporations.  Read Story

Banner Life headquarters in Maryland sold for $38.2 million

The headquarters of Banner Life Insurance Co. in Urbana, Md., was sold to Core Real Estate Investments.  Read Story

Workers’ compensation rates show only hint of hardening P-C market

Rates for workers’ compensation coverage in the U.S. rose 1% in June, marking the only property-casualty line to show an increase in rates for the month, according to MarketScout.  Read Story

N.Y. orders life insurers to use death master file

The New York State Insurance Department is requiring all life insurance companies operating in the state to report any death benefits that have gone unpaid because the insurers did not use the official government death list.  Read Story

Pa. company buys Virginia bond firm to expand Mid-Atlantic presence

A York, Pa.-based risk management and insurance company has acquired Construction Bonds, a Virginia-based company that gives it access to the entire Mid-Atlantic region.  Read Story

How is it that companies that have been around for more than 100 years failed in this economic downturn while other younger companies like Apple, Facebook, WalMart and The Huffington Post continued to grow? It is a similar picture for many lesser-known, mid-sized companies: some have failed and others have thrived, irrespective of their industry, size or location.  Read Story

Majority say make all financial instruments simpler, please

An executive summary, providing prospective and current investors in financial instruments with easy-to-understand information, should become commonplace, according to a strong majority of participants in the latest IFAwebnews.com poll.  Read Story

Pa. insurance license revoked for Ga. agent who doctored census data

An insurance agent in Jonesboro, Ga., had his insurance license revoked in Pennsylvania after he was found to have intentionally manipulated group census data to secure lower group premium rates.  Read Story