New York
Annuity sales in 2011 grew 7.7%, fueled in large part by a 28% increase in net variable-annuity sales during the year.
Texas health company grows with second acquisition of the year
HealthSmart Holdings, based in Irving, Texas, acquired a Springfield, Mo.-based insurance and health care services company to expand its national presence.
Independent Adjustment Co. opening New Jersey office
A Patchogue, N.Y.-based insurance adjustment company is opening an office to serve the northern and western portions of New Jersey, according to company officials.
NFP Property and Casualty Services (NFP) acquired a Tustin, Calif.-based commercial and personal lines property-casualty agency.
A group of 36 people was accused of an alleged scheme to defraud New York insurers of more than $279 million in the largest alleged single no-fault automobile insurance fraud charge ever.
N.Y. insurer, N.J. processing agent probed over Calif. fire claims
California insurance regulators initiated administrative action against New Hampshire Insurance Co. and its claims processing agent over their handling of claims after a 2008 fire in Sylmar, Calif.
Nearly half of the people who bought individual critical illness insurance policies last year were younger than age 45, according to a new report.
The U.S. wants a federal court to rule that losses to American International Group and its shareholders as a result of the government’s takeover of the company in 2008 should remain those of the company and its investors, not the public.
Hardening of marina, boat dealer’s insurance rates seen after losses
The marina and boat dealer’s insurance market appears to be hardening after insurers suffered increased losses in 2011, according to early indicators.
Sagicor Life Insurance Co. has an agreement to buy the policies and clients of PEMCO Life Insurance Co. from its parent company in Washington State as the latter firm exists the life insurance market.

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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