Regional news: Pennsylvania
Liberty Life renamed Athene Annuity & Life Assurance
Liberty Life Insurance Co., which has a significant presence in Wilmington, Del., changed its name to Athene Annuity & Life Assurance Co., effective Feb. 1.
Bravo Health’s sale to Cigna gets Maryland regulator’s approval
The Maryland Insurance Administration has approved the Cigna‘s acquisition of Bravo Health, a Baltimore, Md.-based operator of Medicare Advantage plans.
A bipartisan, companion Senate bill to the House bill excluding insurance agent compensation from medical loss ratio (MLR) calculations will be introduced in a few days, although the political environment makes its passage uncertain.
Brief: If individual mandate is illegal, health reform law must die
A Washington, D.C.-based advocacy organization says that the federal health reform should be declared unconstitutional because it is cannot function without the individual mandate, which the group also argues is unconstitutional.
A series of earthquakes in Youngstown, Ohio, potentially related to brine-injection wells, caused the city’s mayor to buy earthquake insurance for his home and initiate a moratorium on injection wells near the city.
Life insurance activity showed ‘marked resilience’ in 2011
The life insurance application activity for last year finished slightly above the 2010 level, spurred in part by 5.8% year-over-year growth in December.
Selective Insurance Co. of America, a subsidiary of Branchville, N.J.-based Selective Insurance Group, announced two appointments: Dana D. Shutters as vice president, operational excellence; and Katherine L. Slonina as assistant vice president, regulatory compliance officer.
Walgreen, Par sued for alleged RICO violations, drug overcharges
A health and pension fund sued Walgreen Co. and Par Pharmaceutical Co. for allegedly overcharging for generic prescriptions, which in turn allegedly cost third-party payers two to four times more for the medications.
A report expected from the Federal Insurance Office later this month, addressing how to modernize and improve insurance regulation, could significantly affect the insurance industry, according to an industry regulatory expert.
A dentist in Philadelphia and his daughter were indicted for allegedly defrauding insurance companies of more than $5 million with a fraudulent medical bill scheme.
Federal health exchange officials too busy to worry about Supreme Court
Federal health reform would add 100,000 jobs, $4.4 billion to Calif.
Lautenberg, Rubio want to cap TRICARE fees for military retirees
Combination life insurance product sales rise at ‘remarkable rate’
Pa. men charged in multi-state, ‘elaborate financial fraud scheme’
Small business worries about its role in retirement planning
Senate passes ‘Band-Aid’ bill to extend NFIP 60 days; House must act
Allstate seeking agency owners for Md., Va., D.C., Pa, Del., W.Va.
Wharton School establishes new risk and insurance program
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