New York
Younger buyers are leading to more critical illness claims filed by those under 55 years old, new research suggests.
PIA, Realtors, FEMA push long-term NFIP extension as deadline nears
An insurance group, a national public safety organization and a federal government agency disagree on what action the government should take as the National Flood Insurance Program’s expiration looms May 31.
A New York investigation into how insurance companies track life insurance policyholders and their beneficiaries resulted in more than 32,000 payments totaling $262.2 million, more than four times its tally in December.
About 200,000 people were paid $6.6 billion in long-term care insurance benefits in 2011, with Alzheimer’s disease the top reason for policies to pay out, a new report suggests.
New York State’s 2012-2013 budget restored $30.6 million to the Elderly Pharmaceutical Insurance Coverage (EPIC) program that helps low- and moderate-income seniors pay for medications not covered by Medicare.
Insurers see some earnings blown away by 2011 tornado season
Net losses from catastrophes last year hurt property-casualty insurers’ earnings last year, but they still remained profitable, according to a new analysis.
CFP Board to publicize bankruptcy cases, ease application process
The Certified Financial Planner (CFP) Board of Standards decreased the amount of experienced needed to become a CFP professional and made bankruptcy cases available to the public, among other disciplinary changes.
LPL Financial’s RIA Platform hits $25 billion mark in three years
LPL Financial, the nation’s largest independent broker-dealer, said its RIA Platform, its 3 year old custody unit, has exceeded $25 billion in total assets under custody.
SunAmerica Financial Group is restructuring its life insurance and retirement services divisions as it seizes “a unique time for opportunity, change and growth.”
Medical care should be taxed as a means of increasing the money put into the “chronically underfunded public health system” in the U.S., a new report recommends.

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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