Regional news: 
New Jersey
“Dramatic shifts” in the investment advisor profession are forecast as advisors prepare for the Dodd-Frank Act, a provision of the federal financial service reform to be enacted next year.
The U.S. Department of Labor’s Employee Benefits Security Administration will redo its rule on the definition of a “fiduciary” after its prior description drew criticism and concern from Congress and financial advisors.
The number of questionable property-casualty insurance claims filed in the first half of the year increased 4.5% over the prior year, according to the National Insurance Crime Bureau.
Hurricane Irene just a piece of year’s growing insured losses
Losses from Hurricane Irene may be as high as $6.6 billion, which is relatively low compared to total losses for the year so far.
Maxim Healthcare settles false Medicaid, VA claims case with government
A Columbia, Md., based company that provides wellness and other health services settled allegations of false claims over Medicaid and Veteran Affairs Department payments received from October 1998 through May 2009.
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.
Policyholders lax on updating life insurance beneficiary information
Most life insurance policyholders have spoken to their beneficiaries about their policy, but are lax in updating policy information, according to a new survey.
Insurance trade groups file appeal of N.Y. broker disclosure ruling
Two insurance trade groups in New York filed a formal appeal of the New York Supreme Court Appellate Division’s decision upholding the state insurance department’s new broker disclosure rule.
More than 20 New Jersey public employee unions and individuals sued Gov. Chris Christie and other state officials to fight a law they say illegally reduces pensions and health benefits.
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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