New York
House approves five-year extension of National Flood Insurance Program
The U.S. House of Representatives passed a bill that would extend the National Flood Insurance Program for five years.
The independent insurance agent and broker channel is alive and well nationally, especially in New York, where it grabbed a bigger market share than the national average, according to a trade group.
A New York-based national provider of benefits, insurance and wealth management services acquired an Arizona-based property-casualty brokerage.
Allstate, the Hauppauge, N.Y.-based insurance company, sued 10 New York people to recover more than $1 million, alleging that laypersons illegally owned and operated four professional service corporations.
The headquarters of Banner Life Insurance Co. in Urbana, Md., was sold to Core Real Estate Investments.
The New York State Insurance Department is requiring all life insurance companies operating in the state to report any death benefits that have gone unpaid because the insurers did not use the official government death list.
HCC Insurance Holdings said that its subsidiary, Perico Life Insurance Co., combined its operations with HCC Life Insurance Co.
NAIC group favors freeing agent commissions from health reform’s MLR
A task force in an association of state insurance commissioners has endorsed a bill in Congress that would exclude insurance agent and broker compensation from health reform‘s medical loss ratios.
Customers buying variable annuity policies with guaranteed withdrawal benefits understand the purpose of the policies and are using them to their advantage, a new survey says.
Bollinger expands access in New Jersey, New York and Connecticut
A New Jersey-based insurance brokerage, Bollinger, has acquired another New Jersey-based company, offering it additional access into the Northeast.

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


Regional news: 







