National
The Virginia State Corporate Commission (SCC) approved a rehabilitation plan for Roanoke-based Shenandoah Life Insurance Co., which includes its acquisition by United Prosperity Life.
The U.S. government filed a federal suit against a benefit plan administrator and its president, seeking to restore $436,322 to two benefit plans of Columbus, Ohio-based Clark Graphics.
Budget super committee considering cutting Medigap plans
The congressional super committee creating a budget to reduce the federal budget deficit by at least $1.2 trillion over 10 years is targeting Medicare supplemental health plans, or Medigap plans.
HCC Insurance Holdings is opening new Primary Casualty and Excess Casualty divisions, which company officials say should serve to extend its underwriting activities.
18 state groups collect Big I Excellence in Insurance Education Awards
The Independent Insurance Agents & Brokers of America (Big I) recently recognized 18 independent insurance agent associations with Excellence in Insurance Education Awards at its education convocation in Minneapolis, Minn.
MLB sues insurer to find who leaked baseball teams’ financial data
Amid its playoffs, Major League Baseball filed suit in New York to find out from a London-based global insurer how several MLB teams’ confidential financial information was leaked to two media sources.
Seven Republican congress members introduced a bill (H.R. 3127) that would prohibit the payment of death gratuities to the surviving heirs of deceased members of Congress.
New York, N.Y.-based life settlement broker sold A&O’s remaining life insurance portfolio for $4.84 million after the company filed for bankruptcy.
White Mountains Re is rebranded, reorganized as Siruis Group
White Mountains Insurance Group completed a reorganization and rebranding of its global reinsurance business as the Sirius Group.
Open enrollment season for Medicare enrollees begins Oct. 15
The open enrollment season for Medicare Advantage and Medicare prescription drug benefits begins Oct. 15 and ends Dec. 7 this year, a timespan several weeks earlier than in prior years.

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


Regional news: 






