Regional news: 
Virginia
Insurer sues investment firm for ‘shoddy’ mortgage securities
A Northbrook, Ill.-based insurer sued Goldman Sachs and its affiliates for allegedly selling the insurer more than $123 million in securities backed by poor-quality mortgages between 2006 and 2007.
Guaranteed products dominate as new variable annuity offerings triple
The number of new variable annuity products tripled in the second quarter, with lifetime guaranteed withdrawal benefits continuing to dominate the market.
Allstate agents approve unionizing to fight 20% compensation cut
A collection of Allstate Insurance agents, facing a possible compensation cuts of 20%, voted overwhelmingly to form a union.
Life insurance seems to get short shrift in discussions among clients and financial advisors, perhaps because of its complexity, a new survey and industry expert suggest.
Just one-half (49%) of 2,410 … Read →
A federal appeals court in Atlanta contradicted another federal court, ruling that the controversial requirement that people either buy health insurance or face a fine, a key piece of the federal health reform law, is unconstitutional.
The Virginia State Corporation Commission (SCC) scheduled a hearing in Richmond Oct. 27 on proposed adjustments to premiums levels charged for workers’ compensation insurance.
BB&T Insurance now selling homeowners’, travel policies online
A Winston-Salem, N.C.-based insurance company announced that its members now can buy homeowner’s and travel insurance, as well as other products, on its website.
The company operates in Maryland, Virginia and … Read →
The shift in voluntary sales from group to individual sales, which began in the last 10 years, continues, as group sales lagged behind individual sales by only $25 million last year.
President Barack Obama‘s health reform plan will force private insurers to cover women’s preventative health services, including birth control medicines, without a deductible or co-pay, starting in August 2012.
Aetna awards $15.6 million to nonprofits, communities nationwide
A Hartford, Conn.-based insurance company awarded about $15.6 million to nonprofits nationwide last year through grants, community sponsorships, the matching gift program and employee volunteering.
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
Loading ...