Regional news: Pennsylvania
Group representing 119 in Congress calls individual mandate illegal
The American Center for Law and Justice has filed a second brief with the U.S. Supreme Court, this time arguing against the individual mandate in the federal health reform law.
Nearly half (49%) of 401(k) plan sponsors are offering features to automatically increase participants’ contributions as they seek to improve their employees’ preparation for retirement, a new Deloitte study finds.
Insurer fined for charging unapproved rates on students’ policies
An Indiana-based insurer agreed to pay the $100,000 fine for charging unapproved rates to thousands of medical insurance policies for college students in Washington State.
The number of certified financial planners in the world could double in the next five years, according to the board chairman-elect of the Financial Planning Standards Board.
Pennsylvania’s auditor general said the state’s largest workers’ compensation carrier failed to hold a contractor who received nearly $4.9 million over two years accountable for the terms of the contract.
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.
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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