Regional news: New York
Insurers’ lost $32B from natural disasters in first nine months of ’11
Natural disasters cost insurance companies more than $32 billion in direct insured losses in the first nine months of 2011, nearly double the average of other years, according to the Insurance Information Institute.
A Berkshire Hathaway insurance subsidiary, Medical Protective Co., acquired the largest medical professional liability insurer in New Jersey.
Consumers don’t understand health insurance, need transparency
More than half of adults report they are confused about health insurance when choosing which plan to purchase, a new survey found.
Revenue at nearly half of insurance agencies flat for 2011
A plurality of insurance agencies expect their revenue for 2011 to mirror that of the prior year, according to the latest IFAwebnews.com poll.
A trade group representing insurance agents and financial service professionals submitted its comments on the Federal Insurance Office’s Dodd-Frank study on modernizing and improving insurance regulation.
A New York, N.Y.-based insurance and financial services organization said it will open a global casualty insurance practice that will provide underwriting leadership for its general casualty insurance offerings.
Business owners see value of private health plans over government option
Most independent business owners do not plan on buying health insurance from the government because most believe it is wrong to require Americans to have health insurance, a new survey says.
A Briarcliff Manor, N.Y.-based insurance company acquired a Wakefield, RI.-based employee benefit consulting and brokerage firm specializing in middle-market businesses.
P-C sector remains ‘stable,’ although future borders on ‘negative’
A global ratings agency predicts a stable outlook for the U.S. property-casualty insurance sector in 2012 after this year’s weak profitability.
Allstate Insurance Co. sued 83 New York area people, seeking to recover $6.3 million, in its seventh civil insurance fraud suit filed this year.
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
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