Regional news: Virginia
About 200,000 people were paid $6.6 billion in long-term care insurance benefits in 2011, with Alzheimer’s disease the top reason for policies to pay out, a new report suggests.
Insurers see some earnings blown away by 2011 tornado season
Net losses from catastrophes last year hurt property-casualty insurers’ earnings last year, but they still remained profitable, according to a new analysis.
CFP Board to publicize bankruptcy cases, ease application process
The Certified Financial Planner (CFP) Board of Standards decreased the amount of experienced needed to become a CFP professional and made bankruptcy cases available to the public, among other disciplinary changes.
A financial professional from Portsmouth, Va., was recently fined $5,000 and suspended from FINRA for six month after borrowing money from a customer, according to FINRA records.
A securities law firm is investigating the going-private transaction involving The Edelman Financial Group, a national wealth management firm, and its leadership, including Ric Edelman, for a possible breach of fiduciary duty in its sale to a private equity firm.
The amount of inforce individual disability income insurance rose 2% in 2011, reaching a total of more than $4.5 billion, according to a new survey of carriers.
The majority of workers don’t expect they or their family members to be diagnosed with a serious illness, factors that discourage them from seeking employee benefits to protect them from these possibilities, according to a new survey.
Savoy Associates, Bancorp Bank team up on HSA program
Savoy Associates, a full-service regional health insurance general agency, recently launched an Health Savings Account (HSA) banking initiative with The Bancorp Bank.
Virginia Attorney General Ken Cuccinelli says that U.S. Supreme Court arguments about the federal health reform law show him that two major provisions of the reform may be cut, thereby making a new law necessary.
BB&T completes $570 million acquisition of Crump’s life, P-C units
BB&T Corp. says is has completed its acquisition of the life and property-casualty operating divisions of Crump Group for $570 million in cash.
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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