Regional news: 
Pennsylvania
The Pennsylvania Insurance Department may use its authority to delay the end of the contract between Highmark and University of Pittsburgh Medical Center (UPMC) if they can’t settle by June 30, 2012.
Selective buys Montpelier’s national platform to firm up E&S footing
Selective Insurance Group is buying an excess and surplus lines subsidiary of Montpelier Re U.S. Holdings to provide it access to a nationally licensed platform that will improve its efficiency.
Employer health-benefit costs hikes moderating; CDHP use could spike
Cost-cutting and shrinking costs suggest the average increase in employer health benefit costs will rise next year at the lowest rate in a more than a decade.
A former Pennsylvania superior court judge was stripped of state-funded pension and state-funded health insurance after defrauding two insurance companies of more than $400,000, the Erie Times News reported.
The Financial ‘Four’um, hosted by the Pittsburgh chapters of NAIFA, EPC, SFSP, and FPA will be held Thursday, Oct. 20, at the Hilton Garden Inn Southpointe in Pittsburgh.
“Dramatic shifts” in the investment advisor profession are forecast as advisors prepare for the Dodd-Frank Act, a provision of the federal financial service reform to be enacted next year.
Delaware’s request to exempt two state health insurers from the medical loss ratio (MLR) provision under the federal health care reform was rejected by the U.S. Department of Health and Human Services.
The chief executive of a bankrupt Scranton, Pa., insurance agency who pleaded guilty in connection with a $1.3 million insurance premium theft scheme was sentenced to up to 16 1/2 years in state prison.
The U.S. Department of Labor’s Employee Benefits Security Administration will redo its rule on the definition of a “fiduciary” after its prior description drew criticism and concern from Congress and financial advisors.
The Pennsylvania chapter of the National Association of Insurance and Financial Advisors (NAIFA-PA) scheduled its annual Day on the Hill for Oct. 4 from 8 a.m. to 3 p.m. at the Crowne Plaza in Harrisburg, Pa.
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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