Regional news: 
Pennsylvania
An insurance broker admitted in federal court to defrauding the Philadelphia Housing Authority of $2.3 million, including a $181,202 commission he added to the fraudulent insurance invoice.
Lautenberg, Rubio want to cap TRICARE fees for military retirees
Two U.S. senators introduced a bill that seeks to “place reasonable and affordable caps” on health insurance fees, deductibles and pharmacy co-payments for retirees from the military as federal officials plan to start shifting more costs to them.
The outlook for a Valley View, Pa.-based insurance company was recently downgraded from “stable” to “negative,” although, with the help of its parent company, its financial strength remains excellent, according to a key ratings service.
With five-year plan stuck, House passes new short-term NFIP extension
The U.S. House of Representatives passed another 30-day extension of the National Flood Insurance Program, less than two weeks before the latest short-term extension is set to expire.
Health care cost at all-time high, despite lower rate of increase
The cost of health care this year for a family of four exceeds $20,000, a record high despite a lower rate of increase from past years.
A group of life insurers sold their shares in a United Kingdom-based financial services technology firm to an American technology firm, introducing its business to the UK, Europe and Asia.
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.
Federal health reform would add 10,000 jobs, $4.4 billion to Calif.
Lautenberg, Rubio want to cap TRICARE fees for military retirees
Health care cost at all-time high, despite lower rate of increase
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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