National
Brief: If individual mandate is illegal, health reform law must die
A Washington, D.C.-based advocacy organization says that the federal health reform should be declared unconstitutional because it is cannot function without the individual mandate, which the group also argues is unconstitutional.
A series of earthquakes in Youngstown, Ohio, potentially related to brine-injection wells, caused the city’s mayor to buy earthquake insurance for his home and initiate a moratorium on injection wells near the city.
Life insurance activity showed ‘marked resilience’ in 2011
The life insurance application activity for last year finished slightly above the 2010 level, spurred in part by 5.8% year-over-year growth in December.
Walgreen, Par sued for alleged RICO violations, drug overcharges
A health and pension fund sued Walgreen Co. and Par Pharmaceutical Co. for allegedly overcharging for generic prescriptions, which in turn allegedly cost third-party payers two to four times more for the medications.
A report expected from the Federal Insurance Office later this month, addressing how to modernize and improve insurance regulation, could significantly affect the insurance industry, according to an industry regulatory expert.
Insurers will struggle to find growth and profits because of ongoing challenges caused by the global economy, according to a new forecast.
New Jersey’s insurance commissioner, Tom Considine, is expected to resign his office next month in preparation for a return to the private sector.
N.Y. gets 8 health insurers to more promptly update online directories
Eight health insurance companies agreed to improve the accuracy of the provider directories they post on their websites, according to deals struck with New York’s attorney general.
NAIC outlines plan for handling of ULSG and term UL product reserves
The association representing state insurance commissioners released a draft framework providing guidance for evaluating the reserves of universal life with secondary guarantee and term universal life products.
Rep. Jan Schakowsky told health care advocates that the November presidential election is all about health reform and how far it can be taken.

Obama to force insurers to give out birth control when employers won’t
Group representing 119 in Congress calls individual mandate illegal
Insurer fined for charging unapproved rates on students’ policies

Brokerage firm pays $3.3M for bad-mouthing insurance broker
Employee benefit offerings only as good as the discussion about them
Sponsors of 401(k)s adding features to boost participants’ investment

Mercury Insurance seeks agents, unveils new commercial auto product
Most, least expensive 2012 car models to insure announced
Two insurance agents allegedly stole $422,000 from family brokerage


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