Regional news: Archive for August, 2011
A former vice president at Harbor Financial, an insurance brokerage in Baltimore, Md., was indicted by a federal grand jury in connection with an alleged scheme to defraud his clients of more than $838,350. Read Story
An insurance agent from Des Moines, Iowa, launched a 5,000-watt, Spanish-language radio station for non-English speaking Hispanics. Read Story
Consumers can access the “best” insurance information from state insurance department websites in California, Georgia, Kansas, Ohio, Texas and Utah, while other states’ insurance regulatory websites must improve, according to consumer advocates. Read Story
Job loss resulting from the recession caused workers’ compensation coverage to fall in 2009, the biggest decrease in two decades, according to a new report. Read Story
Two former Springfield Township, Pa., insurance agency owners pleaded guilty Aug . 12 to pocketing more than $870,000 in insurance premiums paid by six school districts. Read Story
The number of new variable annuity products tripled in the second quarter, with lifetime guaranteed withdrawal benefits continuing to dominate the market. Read Story
A collection of Allstate Insurance agents, facing a possible compensation cuts of 20%, voted overwhelmingly to form a union. Read Story
Life insurance seems to get short shrift in discussions among clients and financial advisors, perhaps because of its complexity, a new survey and industry expert suggest.
Just one-half (49%) of 2,410 ... Read → Read Story
With car insurance fraud skyrocketing in Florida, Gov. Rick Scott cited a need Tuesday to revamp the state’s four decade old requirement that motorists carry Personal Injury Protection (PIP).
Read Story
Health benefits brokers expect that consumers will become more dependent on their services in the future, and see growth potential for their agencies, a new survey says. Read Story
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