Regional news: Mid-Atlantic
Towers Watson boosts Medicare offerings with $435M Extend Health deal
Towers Watson, a professional services company based in New York, is acquiring Extend Health, which operates the largest private Medicare exchange in the U.S., as it seeks to expand its retirement services offerings.
Court rebukes Pa. insurance regulator for Penn Treaty liquidation plan
A Pennsylvania court – for the first time – rejected a Pennsylvania insurance regulator’s plan to liquidate two long-term care insurance companies.
NAHU asks members to call senators to get broker compensation exempt
The National Association of Health Underwriters is urging its membership to contact their senators to support a bill that would exempt agent and broker commissions from the medical loss ratios controlling health insurers’ spending.
More CDHP use may spur unintended consequences for U.S. health care
Wider use of consumer-directed health plans could dramatically change the landscape of health care and coverage in the U.S., a new study suggests.
Virginia ends moratorium on Shenandoah Life policy payments
The three-year moratorium on payments to policyholders of Shenandoah Life Insurance Co. has come to an end with the insurer’s sale, Virginia insurance regulators say.
A federal jury in Richmond, Va., found the president of a Costa Rican company that sold reinsurance bonds to life settlement companies guilty of carrying out a $500 million fraud scheme that affected more than 2,000 victims throughout the United States and abroad.
The Allegheny County District Attorney’s office is investigating the daughter of a state Supreme Court judge for insurance fraud.
GEICO is offering new, lower commercial auto rates in Maryland after implementing a new rating structure in the state implemented last year.
Highmark and the University of Pittsburgh Medical Center reached an agreement , ending their months-long impasse over health coverage for people in Western Pennsylvania through December 2014.
Younger buyers are leading to more critical illness claims filed by those under 55 years old, new research suggests.
Lautenberg, Rubio want to cap TRICARE fees for military retirees
Health care cost at all-time high, despite lower rate of increase
Most insurance agencies seeing better results than last year
Life insurers sell shares in British tech firm to Pa. company
FINRA estimate for IA SROs excludes monetary, administrative details
Most insurance agencies seeing better results than last year
Pa. broker adds $181,000 commission to $2.1M false insurance invoice
A.M. Best rates Pa.-based insurer’s outlook ‘negative’
With five-year plan stuck, House passes new short-term NFIP extension
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