AXIS Capital Holdings Ltd., a global insurer based in Bermuda, has opened an office in Princeton, N.J., to market its specialty insurance products in the U.S.
Property-casualty and general insurance organization Chartis announced it will offer electronic personal health records to its clients worldwide through a new alliance with MMR Information Systems.
Optima Health Plan paid a $24,000 fine to Virginia insurance regulators after being found in a market conduct examination to have violated a number of state laws.
Texas’ insurance commissioner is considering a rule to prohibit the use of discretionary clauses in life, accident and health insurance policy forms that allow insurers to determine what to pay to its customers.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.