Regional news: New York
A Tampa, Fla.-based managed care services provider will pay $137.5 million to the federal government and nine states to settle four lawsuits accusing the company of violating the federal False Claims Act.
The New York Department of Financial Services is requiring the largest force-placed insurers in the state to give details on their expenses, claims payments and profits to determine the validity of their homeowners insurance rates.
The amount of inforce individual disability income insurance rose 2% in 2011, reaching a total of more than $4.5 billion, according to a new survey of carriers.
A New York, N.Y.-based international underwriter combined three of its business units into one platform for a “stronger” nationwide professional lines presence.
Owners of a New York sewer plant have sued the insurance company in federal court for more than $3.5 million over its denial of coverage for a wall collapse last year.
The majority of workers don’t expect they or their family members to be diagnosed with a serious illness, factors that discourage them from seeking employee benefits to protect them from these possibilities, according to a new survey.
Savoy Associates, Bancorp Bank team up on HSA program
Savoy Associates, a full-service regional health insurance general agency, recently launched an Health Savings Account (HSA) banking initiative with The Bancorp Bank.
Almost half of financial planning professionals say they bring up variable annuities in “every conversation” with their clients, according to a new survey.
Fewer owners intend to drop health coverage under health reform
The final effect of provisions in the federal health reform law “have not been as significant” as anticipated for most businesses, according to a new study.
Small insurance agencies still crave direct access to underwriters
Small insurance agencies want direct access to local underwriters because they enable them to perform their job functions quickly and efficiently, a new study finds.
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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