Publicity hasn’t made consumers more aware of insurance issues

Despite increased media attention being paid to insurance issues, the majority of participants in the latest IFAwebnews.com poll say their clients have the same awareness of these issues.  Read Story

Former Pa. insurance agency owner accused of $255,000 premium theft

A former insurance agency owner from Berks County, Pa., was accused of stealing more than $255,000 in insurance premiums from his clients.  Read Story

Virginia approves United Prosperity’s purchase of Shenandoah Life

The Virginia State Corporate Commission (SCC) approved a rehabilitation plan for Roanoke-based Shenandoah Life Insurance Co., which includes its acquisition by United Prosperity Life.  Read Story

Wal-Mart Stores Inc., the nation’s largest private employer, is scaling back health care coverage for future part-time workers while raising premiums for many of its full-time workers, particularly tobacco users.

DOL sues benefit plan administrator over $436,000 in plan losses

The U.S. government filed a federal suit against a benefit plan administrator and its president, seeking to restore $436,322 to two benefit plans of Columbus, Ohio-based Clark Graphics.   Read Story

N.J. businessman finally serving sentence for insurance fraud

A Hammonton, N.J., businessman convicted of an insurance fraud scheme in 2006 started serving his sentence Oct. 17 after five years of appeals.  Read Story

"The customer loves our product and service and they want to buy from us, but right now they are handling some higher priority situations, however I am sure right after that they are definitely going to buy from us!"   Read Story

Budget super committee considering cutting Medigap plans

The congressional super committee creating a budget to reduce the federal budget deficit by at least $1.2 trillion over 10 years is targeting Medicare supplemental health plans, or Medigap plans.  Read Story

Fidelity & Guaranty Life ratings affirmed

A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and issuer credit ratings of "bbb+" of Fidelity & Guaranty Life Insurance Co. (FGL) and its wholly owned subsidiary, Fidelity & Guaranty Life Insurance Co. of New York of Purchase, N.Y.  Read Story

HCC Insurance Holdings launching two new units

HCC Insurance Holdings is opening new Primary Casualty and Excess Casualty divisions, which company officials say should serve to extend its underwriting activities.  Read Story