The actuarial team at the U.S. Department of Health and Human Services that was assigned to come up with the premium amounts and design of a government-run, long-term care program called CLASS has been dismissed.

A federal program allowing people who lose their jobs to keep the employer-provided insurance expired Aug. 31 after three extensions, leaving millions of beneficiaries and their dependents uninsured.

The insurance industry is split on whether recipients of Medicaid and Medicare should have their benefits tied to their income level, according to the latest IFAwebnews.com poll.

A possible U.S. government default on its debts, if the federal debt ceiling is not increased, will not “in the near term” hurt the property-casualty insurance sector, according to a financial analysis firm.

Congress hasn’t given up on the National Flood Insurance Program, despite billions and billions of reasons – $17.75 billion worth – to let it head out to sea.

The days when survivors could count on tax-free life insurance benefits after the death of a loved one could be numbered.

WASHINGTON – With the ink barely dry on various 2012 federal budget proposals, the Maryland congressional delegation began working on shaping the final product this week.

President Barack Obama’s proposed 2012 budget calls for changes to the existing tax regulations that primarily target the top two tax brackets.

House Republicans hope to pass a spending measure next week, which includes blocking funding for federal health care reform, to trim the federal budget deficit.

The National Flood Insurance Program, which is set to expire Sept. 30, could face new funding threats as Congress looks for budgetary cuts, according to an insurance industry lobbyist.