Northeast
Hurricane Irene wrath is rising insurance losses; this year tops 2010
Hurricane Irene’s weekend march up the Atlantic Coast caused at least 20 deaths, left millions without power and left a path of destruction from Florida to Maine.
Hurricane Irene: Private-sector insurance sound; state-run doomed
Private-sector insurers have more than enough financial resources to cover any damage caused by Hurricane Irene, although state-run property insurers may not be so lucky, an insurance association says.
The Hartford hopes to expand its annuity business by re-entering the structured settlement annuity market.
“Building our annuity business is an important part of our wealth management strategy, and we are … Read →
MetLife has signed a deal for the naming rights for the new sports and entertainment complex in East Rutherford, N.J.
Consumer-directed health plans increase in number, decrease savings
The number of consumer driven health plans (CDHPs) continues to grow, leading to a decline in the percentage of savings from these plans, a new study says.
Insurance agents could feel East Coast earthquake’s shock waves
Ryan Erdman, an insurance agent at TAMRAC Insurance Group in Hunt Valley, Md., has never sold coverage for an earthquake – yet.
Former New York Gov. Eliot Spitzer is accused in a $60 million defamation suit of falsely suggesting that a former insurance executive was criminally responsible for insurance-fraud schemes.
Applications filed for individually underwritten life insurance increased 2.1% in July, an “unprecedented” increase for the month, according to the MIB Life Index.
American International Group joined a cadre of banks asking a federal court to block a proposed nationwide class-action suit against them over the global insurer’s near-collapse three years ago.
Insurer sues investment firm for ‘shoddy’ mortgage securities
A Northbrook, Ill.-based insurer sued Goldman Sachs and its affiliates for allegedly selling the insurer more than $123 million in securities backed by poor-quality mortgages between 2006 and 2007.

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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