New York
Chartis announces increased capacity for wind, solar energy sectors
A new partnership is giving property-casualty insurer Chartis the ability to increase its capacity to $500 million for wind and solar energy sectors.
With the backdrop of the devastation in Haiti fresh in people’s minds, New York insurance regulators are not ruling out a similar event in their own state, a key reason they say insurers should promote the opportunity to buy coverage for such a devastating occurrence.
Regulators in three states have lifted a five-year-old prohibition on contingent commissions for some of the nation’s largest brokerages in return for greater transparency on agent and broker compensation.
A Little Falls, N.Y., firefighter faces up to four years in prison after regulators claim he fabricated an insurance claim to pay for construction at his home.
Insurance trade groups in New Jersey and New York are seeking nominations for each state’s 2010 Distinction of Professionalism awards.
A $5 million life insurance fund, established by William Parente, a New York lawyer who apparently killed his family, then himself in a Maryland hotel room last year, has become the focal point of several legal claims in New York.
The New York State Insurance Fund recently announced the return of $173.3 million in dividends last year, issued to about 34,000 policyholders.
National health insurer WellPoint, parent company of Anthem, is cutting stock grants to employees to control costs as it prepares for lower earnings this year.
Citing rising fraud and rising insurance costs in his home state, New York Sen. Charles E. Schumer is proposing a bill to impose federal penalties against those who commit auto insurance fraud.
With New York regulators citing consumer protection as the goal of a new broker compensation disclosure rule, a state agents’ organization says protecting its members is the key motivator to stop it from becoming law.

Federal health reform would add 10,000 jobs, $4.4 billion to Calif.
Lautenberg, Rubio want to cap TRICARE fees for military retirees
Health care cost at all-time high, despite lower rate of increase

Life insurers sell shares in British tech firm to Pa. company
FINRA estimate for IA SROs excludes monetary, administrative details
Most insurance agencies seeing better results than last year

Pa. broker adds $181,000 commission to $2.1M false insurance invoice
A.M. Best rates Pa.-based insurer’s outlook ‘negative’
With five-year plan stuck, House passes new short-term NFIP extension


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