Regional news: Virginia
IIABNY: Insurers, not agents, should disclose policy cancellations
An insurance trade group in New York says that insurance companies, not agents, should be responsible for informing all concerned parties of pending policy cancellations.
Richmond, Va.-based Markel Corp. said it completed its acquisition of Thompson Insurance Enterprises, which operates as THOMCO.
Insurers’ lost $32B from natural disasters in first nine months of ’11
Natural disasters cost insurance companies more than $32 billion in direct insured losses in the first nine months of 2011, nearly double the average of other years, according to the Insurance Information Institute.
A White Plains, N.Y.-based in property-casualty insurer said it is expanding its coverage to owners of “well-built, high value homes” in Louisiana.
Consumers don’t understand health insurance, need transparency
More than half of adults report they are confused about health insurance when choosing which plan to purchase, a new survey found.
Revenue at nearly half of insurance agencies flat for 2011
A plurality of insurance agencies expect their revenue for 2011 to mirror that of the prior year, according to the latest IFAwebnews.com poll.
A national insurance company, based in Chevy Chase, Md., was recognized as one of the 2012 Best Places to Work in Virginia by the Virginia Business and Best Companies Group.
A trade group representing insurance agents and financial service professionals submitted its comments on the Federal Insurance Office’s Dodd-Frank study on modernizing and improving insurance regulation.
Business owners see value of private health plans over government option
Most independent business owners do not plan on buying health insurance from the government because most believe it is wrong to require Americans to have health insurance, a new survey says.
No law in Virginia requires drivers to carry proof of insurance, yet motorists are being charged and convicted of the offense.
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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