U.S. Risk expanding California presence with acquisition

U.S. Risk Insurance Group, the eighth largest managing general agency and surplus line wholesaler in the nation, acquired American Special Risk Insurance Services to expand its California presence.  Read Story

Today’s messed up medical system is a result of 40 years of government interference in the process. Regulations, inflation, tax laws, federal mandates to provide care through corporate-run HMOs, interference ...  Read →  Read Story

‘Dramatic shifts’ from Dodd-Frank mean new advisor ‘importance’

“Dramatic shifts” in the investment advisor profession are forecast as advisors prepare for the Dodd-Frank Act, a provision of the federal financial service reform to be enacted next year.  Read Story

HHS finds no cause to exempt Del. from medical loss ratio requirement

Delaware's request to exempt two state health insurers from the medical loss ratio (MLR) provision under the federal health care reform was rejected by the U.S. Department of Health and Human Services.  Read Story

Obama supports fewer NFIP premium subsidies, cutting $4.2 billion

President Barack Obama supports reforming the National Flood Insurance Program (NFIP) by eliminating the premium subsidy for certain properties, an act that would help to save about $4.2 billion in the next decade.  Read Story

Va. Supreme Court backs insurer in first global warming case ruling

The Virginia Supreme Court backed an insurance company in what could be the first ruling of its kind involving insurance claims resulting from global warming.  Read Story

Health agents, brokers join Enroll America’s effort to trim rolls of uninsured

A national trade group for health insurance agents and brokers is participating in Enroll America, a group waging a national effort to reduce the number of uninsured Americans and provide educational resources on both public and private coverage options.   Read Story

Scranton agency CEO sentenced for role in $1.3 million theft scheme

The chief executive of a bankrupt Scranton, Pa., insurance agency who pleaded guilty in connection with a $1.3 million insurance premium theft scheme was sentenced to up to 16 1/2 years in state prison.  Read Story

With expiration nearing, NFIP could earn another short-term extension

The National Flood Insurance Program, set to expire Sept. 30, could be extended to Nov. 18 with anticipated congressional action, according to an industry trade group.  Read Story

Heeding criticism, Labor Dept. to retool its definition of ‘fiduciary’

The U.S. Department of Labor's Employee Benefits Security Administration will redo its rule on the definition of a “fiduciary” after its prior description drew criticism and concern from Congress and financial advisors.  Read Story