Regional news: Maryland
Hurricane Irene wrath is rising insurance losses; this year tops 2010
Hurricane Irene’s weekend march up the Atlantic Coast caused at least 20 deaths, left millions without power and left a path of destruction from Florida to Maine.
Hurricane Irene: Private-sector insurance sound; state-run doomed
Private-sector insurers have more than enough financial resources to cover any damage caused by Hurricane Irene, although state-run property insurers may not be so lucky, an insurance association says.
The Maryland Insurance Administration (MIA) announced changes to the state’s health insurance rate review process after a study advised it needed more transparency and better access for consumers.
Consumer-directed health plans increase in number, decrease savings
The number of consumer driven health plans (CDHPs) continues to grow, leading to a decline in the percentage of savings from these plans, a new study says.
Insurance agents could feel East Coast earthquake’s shock waves
Ryan Erdman, an insurance agent at TAMRAC Insurance Group in Hunt Valley, Md., has never sold coverage for an earthquake – yet.
Applications filed for individually underwritten life insurance increased 2.1% in July, an “unprecedented” increase for the month, according to the MIB Life Index.
An insurance policy may become a key clue in the ongoing investigation of a Maryland woman who disappeared in Aruba.
Insurer sues investment firm for ‘shoddy’ mortgage securities
A Northbrook, Ill.-based insurer sued Goldman Sachs and its affiliates for allegedly selling the insurer more than $123 million in securities backed by poor-quality mortgages between 2006 and 2007.
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.
Guaranteed products dominate as new variable annuity offerings triple
The number of new variable annuity products tripled in the second quarter, with lifetime guaranteed withdrawal benefits continuing to dominate the market.
Federal health exchange officials too busy to worry about Supreme Court
Federal health reform would add 100,000 jobs, $4.4 billion to Calif.
Lautenberg, Rubio want to cap TRICARE fees for military retirees
Combination life insurance product sales rise at ‘remarkable rate’
Pa. men charged in multi-state, ‘elaborate financial fraud scheme’
Small business worries about its role in retirement planning
Senate passes ‘Band-Aid’ bill to extend NFIP 60 days; House must act
Allstate seeking agency owners for Md., Va., D.C., Pa, Del., W.Va.
Wharton School establishes new risk and insurance program
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