Regional news: New York
States get millions to act against insurers’ ‘unreasonable rate hikes’
Federal authorities have granted more than $46 million to 45 states and Washington, D.C., to “improve the oversight of proposed health insurance premium increases.”
A registered principal from Dix Hills, N.Y., was fined $10,000 by the Financial Industry Regulatory Authority (FINRA) for engaging in outside activities without notifying his member firm.
A Kingston, N.Y., woman was sentenced to 30 days in jail for enabling an inmate to continue to receive wage replacement benefits while he was serving time in Ulster County jail.
New Jersey insurance regulators say an insurance company based in the state properly handle life insurance benefits in a case involving a soldier that has sparked several reviews of how insurers pay out benefits to members of the military.
Brownyard Group recently formed a new division, Brownyard Client Services, dedicated to serving as a facilitator between agents and brokers, and its underwriting claims team.
Empire BlueCross BlueShield, New York’s largest insurer by medical membership, “significantly expanded” its HMO and PPO/EPO and Indemnity Reference Laboratory networks, according to the company.
An insurance company has filed suit to prevent the family of a Long Island, N.Y., motivational speaker from collecting on the $4 million life insurance policy he took out a month before his allegedly staged death.
New York Attorney General Andrew Cuomo and the U.S. Department of Veterans Affairs have begun to investigate life insurance companies’ profits from retained death benefits. The New York State Insurance Department also is exploring insurers’ practices.
Peter C. Browne, co-founder of Price Raffel and Browne of New York, was awarded The American College’s Samuel H. Weese Award, recognizing his long-term generosity and voluntary service to the college and its advancement efforts, according to the Bryn Mawr, Pa.-based financial services educational organization.
Erie Insurance Group’s strong balance sheet, partnering touted
A.M. Best Co. affirmed the “A+” (Superior) financial strength rating for the property-casualty affiliates of Erie Insurance Group.
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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