Regional news: Midwest
President Obama signed a patent reform bill with a provision that will help prevent “frivolous” lawsuits that increase costs for consumers, a national insurance association says.
Iowa staffing firm head admits shifting payroll to trim workers’ comp.
The president of a Des Moines, Iowa, staffing company pleaded guilty in federal court to one count of wire fraud in connection with the defrauding of workers’ compensation insurers.
An independent insurance agency owner with an office in New York is among the new leadership installed to lead the Independent Insurance Agents & Brokers of America (Big I).
N.D. agent’s insurance license revoked over alleged misappropriation
North Dakota has revoked the insurance license of Jeffrey David Neppl, a Fargo, N.D., agent who allegedly misappropriated a client’s funds for his own personal use.
Senate committee takes next step toward five-year extension of NFIP
The U.S. Senate Banking Committee approved a five-year extension of the National Flood Insurance Program, which is set to expire Sept. 30.
ACE Limited buys Penn Millers to expand agricultural insurance share
ACE Limited is buying Penn Millers Holding Corp. for $107 million in cash, adding a specialty niche that will complement its existing agricultural capabilities.
Scores charged in $295 million, nationwide Medicare false-billing scheme
A total of 91 people, including doctors, nurses and other medical professionals, were charged in connection with a Medicare false-billing scheme costing about $295 million.
A nine-months pregnant woman filed suit against Nebraska Aug. 26, alleging that her unborn baby qualifies for Medicaid benefits, even though she is ineligible as an undocumented immigrant.
A Brown & Brown subsidiary in Michigan bought a employee benefits company in Saginaw, Mich., that generates about $2.3 million in annual revenues.
Consumer groups say new health reform rate review rules may lack punch
Federal health reform rules for health insurance rate reviews, which took effect today (Sept. 1), may not be “strict” enough to protect consumers against insurers’ rate hikes, consumer advocacy groups say.
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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