Regional news: 
New York
Health care cost at all-time high, despite lower rate of increase
The cost of health care this year for a family of four exceeds $20,000, a record high despite a lower rate of increase from past years.
New York has instituted new regulations requiring all life insurers marketing in the state to regularly search a government database of recent deaths, seeking deceased policyholders so beneficiaries who have not made claims can be paid.
Towers Watson boosts Medicare offerings with $435M Extend Health deal
Towers Watson, a professional services company based in New York, is acquiring Extend Health, which operates the largest private Medicare exchange in the U.S., as it seeks to expand its retirement services offerings.
NAHU asks members to call senators to get broker compensation exempt
The National Association of Health Underwriters is urging its membership to contact their senators to support a bill that would exempt agent and broker commissions from the medical loss ratios controlling health insurers’ spending.
More CDHP use may spur unintended consequences for U.S. health care
Wider use of consumer-directed health plans could dramatically change the landscape of health care and coverage in the U.S., a new study suggests.
New York insurance regulators fined 15 insurers a total of $2.7 million for failing to notify small businesses of their eligibility to buy special coverage.
Virginia ends moratorium on Shenandoah Life policy payments
The three-year moratorium on payments to policyholders of Shenandoah Life Insurance Co. has come to an end with the insurer’s sale, Virginia insurance regulators say.
Younger buyers are leading to more critical illness claims filed by those under 55 years old, new research suggests.
PIA, Realtors, FEMA push long-term NFIP extension as deadline nears
An insurance group, a national public safety organization and a federal government agency disagree on what action the government should take as the National Flood Insurance Program’s expiration looms May 31.
A New York investigation into how insurance companies track life insurance policyholders and their beneficiaries resulted in more than 32,000 payments totaling $262.2 million, more than four times its tally in December.
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
Loading ...