Regional news: New York
Six individuals were charged in an indictment in South Florida with defrauding investors in an alleged stock manipulation scheme between 2003 and 2008, and in a civil complaint for allegedly violating federal securities law.
A New York senator introduced a bill to “enact comprehensive reforms to reduce fraud, abuse and the associated costs in the New York no-fault system.”
The Carolinas Aviation Museum in Charlotte, N.C., acquired from Chartis, the property-casualty and general insurance company, the “Miracle on the Hudson” airplane, made famous Jan. 15, 2009, when Capt. Chesley “Sully” Sullenberger, 57, landed Flight 1549 on the Hudson River.
If New York Gov. Andrew Coumo has his way, the state’s banking and insurance regulators will be combined and have slightly more money to work collectively than they have separately.
The new president of the Professional Insurance Marketing Association, one of a number of newly elected officers, predicts more spending on insurance marketing this year.
Six states, consortium to build models for online health exchanges
Seven states will receive a total of about $241 million from the U.S. Department of Health and Human Services (HHS) to design and implement online health care exchanges.
A meeting involving several insurance trade groups in New York March 11 will seek to develop a unified response to federal health reform and the role agents will play in the state.
A merger of two property-casualty insurance companies in New York has led to the revising of ratings for several companies by A.M. Best Co.
A New York property-casualty insurance trade group doesn’t like two provisions of New York Gov. Andrew Cuomo’s proposed budget because it could mean increased insurance costs for businesses.
Allstate Corp. said its profitability was within its annual outlook, despite higher catastrophe losses, lower net investment income and increased frequency of auto claims, especially in New York and Florida.
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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