Regional news: 
New York
A group of insurance associations is concerned about the implications that new taxes included in President Obama‘s 2013 budget proposal, introduced Feb. 13, will have on the life insurance industry.
New York Life to add 3,700, especially women, minorities
New York Life Insurance Co. plans to hire 3,700 financial professionals, especially women and those representing minorities, this year after hiring more than 3,600 insurance agents last year.
Former New York Sen. Nicholas A. Spano (35th District) pleaded guilty Feb. 11 in federal court in White Plains, N.Y., to filing fraudulent tax returns involving payment from an insurance company.
January’s application activity for individually underwritten life insurance showed an 8.3% increase compared to January 2011 and additional growth from the 5.8% rise in December 2011.
Commercial insurers, Medicare paying 5.28% more for health services
Health care services paid by commercial insurance and Medicare programs cost 5.28% for the year ending Dec. 31, 2011, according to the S&P Indices.
N.Y regulators to conduct surprise audits on insurers, HMOs
The New York Department of Financial Services will use a recently acquired grant to analyze the administration systems of insurers and health maintenance organizations for cost efficiency.
Allstate alerts insurance agents of 1099 errors
Allstate Corp., based in Northbrook, Ill., informed its insurance agents about errors in their tax documents regarding two incentive programs.
The Guardian Life Insurance Co. of America expanded its flagship ProVider Plus individual disability insurance portfolio to enable producers to reach more clients across the income protection spectrum, the company said.
Senators urge leadership to vote on long-term NFIP extension
A letter, signed by a coalition of Republican and Democratic senators, asks Senate leadership to bring a long-term reauthorization of the National Flood Insurance Program to the floor for a vote as soon as possible.
Pa. insurance department liquidates First Sealord Surety Insurance
The Commonwealth Court approved the Pennsylvania Insurance Department’s petition to liquidate a Villanova, Pa.-based bond and surety company that experienced a “steep” drop in surplus.
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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