Universal Property & Casualty Insurance Co. has been licensed to write property and casualty insurance policies in Maryland.

Premiums and deductibles have risen “sharply” since 2003 and are outpacing workers’ payroll increases, although the new health reform law may “reverse” the rate increases, according to a new report.

MoneyRates.com rated Virginia as the sixth best state and Maryland as the fifth worst state in two lists naming the 10 best and worst states in which to retire.

A majority of the states represented in the National Association of Insurance Commissioners (NAIC) met with President Barack Obama Sept. 22 to discuss implementation of the Patient Protection and Affordable Care Act (PPACA).

Leaving state office, but continuing his involvement in the insurance industry, Hawaii Insurance Commissioner J.P. Schmidt has tendered his resignation, effective July 1.

Hawaii’s legislators, who ended their annual session April 30, looked to the insurance industry to help recover from its budget deficit, an approach one trade association says will mean increased costs for that state’s businesses and consumers.

Just a little over a week after it suspended a prescription benefit provider for 21 states, the U.S. Centers for Medicare & Medicaid Services has terminated the company’s contract, effective immediately.

AXA Distributors, the annuity wholesale distribution unit of AXA Equitable Life Insurance Co., created “Cracking the Code,” a retirement-income planning curriculum for financial professionals.

The Maryland Insurance Administration is evaluating whether the recent ruling from Maryland’s attorney general saying the state must recognize same-sex marriages performed in other states affects insurance sales.

The U.S. Centers for Medicare & Medicaid Services (CMS) has suspended the marketing and enrollment activities of a New York-based company for not meeting the prescription drug needs of some of its members in 21 states.