Regional news: 
National
Three stockbrokers for Brill Securities in New York have won an appeal, freeing them from being forced to arbitrate a suit over overtime pay.
Virginia Gov. Bob McDonnell signed into a law a bill enabling the state insurance regulators to fight false certificates of insurance and those who request them.
Two insurance agent groups in New York said they will not appeal a state appellate court decision upholding the state’s broker disclosure rule.
A Puerto Rican group denounced State Farm Insurance for using former Indiana Hoosier basketball coach Bobby Knight in its TV advertisements appearing during NCAA March Madness men’s college basketball tournament games.
Annuity market ‘strong,’ poised to grow despite The Hartford’s exit
The Hartford’s decision to leave the individual annuity market doesn’t mean the insured retirement industry is struggling, according to the Insured Retirement Institute (IRI).
Judge favors AIG, approves $450M settlement for underreporting claim
A federal judge in Illinois approved a $450 million settlement to resolve the under-reporting of American International Group’s (AIG) market share in the workers’ compensation market.
The Hartford dropping annuities, to focus on property-casualty sales
The Hartford is giving up on individual annuities, saying it will run-off its individual annuity business and either sell or seek other alternatives for its individual life, financial services and retirement plan segments.
USI Insurance in Briarcliff Manor, N.Y., acquired an Itasca, Ill.-based property-casualty and employee benefits operation.
The most important issue to be addressed through the November presidential election is finding ways to improve the U.S. economy, according to the latest IFAwebnews.com poll.
MetLife, because of its ownership of MetLife Bank, an online retail unit, was forced to submit to the Federal Reserve’s stress testing and failed, possibly because it was “unfairly penalized” by regulators.
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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