Maryland
About 200,000 people were paid $6.6 billion in long-term care insurance benefits in 2011, with Alzheimer’s disease the top reason for policies to pay out, a new report suggests.
Insurers see some earnings blown away by 2011 tornado season
Net losses from catastrophes last year hurt property-casualty insurers’ earnings last year, but they still remained profitable, according to a new analysis.
CFP Board to publicize bankruptcy cases, ease application process
The Certified Financial Planner (CFP) Board of Standards decreased the amount of experienced needed to become a CFP professional and made bankruptcy cases available to the public, among other disciplinary changes.
LPL Financial’s RIA Platform hits $25 billion mark in three years
LPL Financial, the nation’s largest independent broker-dealer, said its RIA Platform, its 3 year old custody unit, has exceeded $25 billion in total assets under custody.
A securities law firm is investigating the going-private transaction involving The Edelman Financial Group, a national wealth management firm, and its leadership, including Ric Edelman, for a possible breach of fiduciary duty in its sale to a private equity firm.
The Maryland General Assembly passed a bill in its waning hours April 9 that renames and repositions the Injured Workers Insurance Fund as a private company.
A national group fighting insurance fraud is asking Maryland’s governor to sign a bill that would impose large civil penalties and expand immunity for fraud fighters.
The amount of inforce individual disability income insurance rose 2% in 2011, reaching a total of more than $4.5 billion, according to a new survey of carriers.
Independent Insurance Agents of Maryland, Insurance Women of Baltimore and the Maryland Chapter CPCU are sponsoring the 2012 Maryland I Day, scheduled for April 24 fro 8 a.m. to 4:30 p.m. at the Conference Center at Sheppard Pratt in Towson, Md.
Express Scripts says it has completed its $29.1 billion acquisition of Medco Health Solutions, which company officials say will reduce costs for members.

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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