Regional news: 
Life Insurance News
Financial services reform, with minimal tweaks for insurance, now law
President Barack Obama signed sweeping financial services regulatory reform into law today (July 21), creating a system of oversight designed to prevent future meltdowns of the financial services industry in the U.S.
A Richmond, Va., insurance agent’s suit against LTC Financial Partners, the nation’s largest producer-owned long term care insurance agency, has been dropped, the company said.
American International Group has agreed to pay $725 million to settle a class-action suit in Ohio regarding allegations of “wide-ranging fraud” involving public pension funds, according to Ohio Attorney General Richard Cordray.
FINRA ‘searching out’ high-yield investment programs online
The Financial Industry Regulatory Authority (FINRA) is fighting alleged Internet Ponzi schemes with its own foray into the Internet.
A.M. Best upgrades life/annuity sector’s outlook to ‘stable’
A key ratings service has upgraded the ratings outlook for the U.S. life insurance and annuity sector from “negative” to “stable,” saying it believes the industry’s current capitalization is adequate and can withstand additional stress.
FINRA to beef up public access to online broker information
The Financial Regulatory Authority (FINRA) is increasing the amount of information it offers publicly about current and former securities brokers in the next few months.
The Democratic-led Senate overcame a Republican effort to halt passage of the Dodd-Frank Act, clearing the procedural hurdle and assuring its passage.
LPL Investment Holdings is buying National Retirement Partners, one of the nation’s largest networks of independent retirement-focused advisory firms.
President Barack Obama and other Democrats say they have the 60 votes necessary to pass financial services reform legislation.
A federal appeals court has voided Rule 151A, a regulation that would have treated indexed annuities as securities, placing them under the U.S. Securities and Exchange Commission.
Obama to force insurers to give out birth control when employers won’t
Group representing 119 in Congress calls individual mandate illegal
Insurer fined for charging unapproved rates on students’ policies
Brokerage firm pays $3.3M for bad-mouthing insurance broker
Employee benefit offerings only as good as the discussion about them
Sponsors of 401(k)s adding features to boost participants’ investment
Mercury Insurance seeks agents, unveils new commercial auto product
Most, least expensive 2012 car models to insure announced
Two insurance agents allegedly stole $422,000 from family brokerage
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