Regional news: 
Northeast
USI Insurance in Briarcliff Manor, N.Y., acquired an Itasca, Ill.-based property-casualty and employee benefits operation.
The most important issue to be addressed through the November presidential election is finding ways to improve the U.S. economy, according to the latest IFAwebnews.com poll.
MetLife, because of its ownership of MetLife Bank, an online retail unit, was forced to submit to the Federal Reserve’s stress testing and failed, possibly because it was “unfairly penalized” by regulators.
Fitch: P-C insurers’ numbers should be ‘improve’ this year
Property-casualty insurers should report “improved” operating results this year, after being hurt by heavy catastrophe-related losses and weak earnings in 2011, according to Fitch Ratings.
A disbanded congressional committee said the federal government should end its “special tax deal” with American International Group (AIG) that has resulted in $17.7 billion in profits for the company since 2008.
Willis investigating $28 million in fraudulent commissions, fees
Insurance broker Willis Group Holdings has begun an internal investigation into its discovery of about $28 million in fraudulent overstatements of commissions and fees between 2005 and 2011 in its employee benefits operations.
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.
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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