Regional news: 
Virginia
‘Modest’ investment gains can’t offset P-C sector’s first-half losses
Net income for the U.S. property-casualty insurance sector fell 67% in the first half, sagging under the weight of catastrophic losses.
The Captive Insurance Council of the District of Columbia (CIC-DC) 10th annual conference, featuring a variety of sessions, including a look at how the health reform law will affect professional liability coverage, is scheduled for Oct. 24-25 at the Madison in Washington, D.C.
The Hilb Group, a Glen Allen, Va.-based middle-market insurance brokerage, is expanding its New York presence, where it will focus on selling disability and life insurance products for the medical and dental communities.
Raymond James & Associates and Raymond James Financial Services agreed to pay restitution of $1.69 million after the Financial Industry Regulatory Authority found it charged unfair and unreasonable commissions.
Brian K. Walter, president of the Winchester, Va.-based Walter & Walter Insurance Agency, formed a partnership with a local substance and violence abuse group to discourage youth from bowing to peer pressure.
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.
BB&T Insurance expands its California presence with acquisition
BB&T Insurance Services, the nation’s sixth largest insurance broker, today said it will expand its California operations with the acquisition of Liberty Benefit Insurance Services of San Jose, Calif.
The Independent Insurance Agents of Virginia (IIAV) Annual Young Agents Conference is scheduled for Oct. 20-21 at the Norfolk Waterside Marriott, based in Norfolk, Va.
“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.
Obama to force insurers to give out birth control when employers won’t
Group representing 119 in Congress calls individual mandate illegal
Insurer fined for charging unapproved rates on students’ policies
Brokerage firm pays $3.3M for bad-mouthing insurance broker
Employee benefit offerings only as good as the discussion about them
Sponsors of 401(k)s adding features to boost participants’ investment
Mercury Insurance seeks agents, unveils new commercial auto product
Most, least expensive 2012 car models to insure announced
Two insurance agents allegedly stole $422,000 from family brokerage
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