New York
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.
GMAC Insurance Personal Lines intends to expands its North Carolina presence with the acquisition of an Alabama-based insurance company that has been writing policies exclusively in North Carolina for four years.
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.
U.S. prosecutions of health care fraud trending upward
Federal prosecutors, armed with two new health care fraud teams since February, may log an 85% increase in the number of health care fraud prosecutions this year, compared to last year, a new study says.
COBRA subsidy’s end will add millions to rolls of uninsured
A federal program allowing people who lose their jobs to keep the employer-provided insurance expired Aug. 31 after three extensions, leaving millions of beneficiaries and their dependents uninsured.
OneBeacon selling its AutoOne unit to focus on specialty markets
OneBeacon Insurance Group is selling its AutoOne unit to Interboro Holdings for an undisclosed amount so it can focus on its better performing specialty operations.
Hurricane Irene’s fury ‘somewhat limited’ for insurers, reinsurers
A key ratings service expects a “somewhat limited impact” from Hurricane Irene for U.S. property-casualty insurers and global reinsurers.
Hurricane Irene wrath is rising insurance losses; this year tops 2010
Hurricane Irene’s weekend march up the Atlantic Coast caused at least 20 deaths, left millions without power and left a path of destruction from Florida to Maine.
Hurricane Irene: Private-sector insurance sound; state-run doomed
Private-sector insurers have more than enough financial resources to cover any damage caused by Hurricane Irene, although state-run property insurers may not be so lucky, an insurance association says.
MetLife has signed a deal for the naming rights for the new sports and entertainment complex in East Rutherford, N.J.

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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