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The Hartford to sell unwanted units to Forethought Financial Group

IFAwebnews Staff — Sun, 29 Apr 2012 23:35:24 +0000

Hartford Financial Services Group struck a deal with Forethought Financial Group, a privately held financial services company, to sell its its individual annuity operations.

The Hartford to sell unwanted units to Forethought Financial Group via IFAwebnews.

Florida firm pays $137M to settle false claims, ‘cherry picking’ case

Jaime L. Brockway — Wed, 11 Apr 2012 12:13:36 +0000

A Tampa, Fla.-based managed care services provider will pay $137.5 million to the federal government and nine states to settle four lawsuits accusing the company of violating the federal False Claims Act.

Florida firm pays $137M to settle false claims, ‘cherry picking’ case via IFAwebnews.

Pennsylvania self-funded plan processor sold to Old National

Bob Graham — Wed, 11 Apr 2012 09:14:00 +0000

A Pennsylvania-based employee benefits administrator were sold a national insurance company as part of the latter company's efforts to respond to health reform.

Pennsylvania self-funded plan processor sold to Old National via IFAwebnews.

Main Street America Group beefs up Midwest with Austin Mutual deal

IFAwebnews Staff — Tue, 03 Apr 2012 18:35:20 +0000

Austin Mutual Insurance Co., a Minnesota-based regional property-casualty insurer, is affiliating with The Main Street America Group, a super regional property-casualty insurance carrier building its midwestern footprint.

Main Street America Group beefs up Midwest with Austin Mutual deal via IFAwebnews.

Puerto Rican group wants Bobby Knight off State Farm TV ads

Bob Graham — Wed, 21 Mar 2012 20:44:26 +0000

A Puerto Rican group denounced State Farm Insurance for using former Indiana Hoosier basketball coach Bobby Knight in its TV advertisements appearing during NCAA March Madness men's college basketball tournament games.

Puerto Rican group wants Bobby Knight off State Farm TV ads via IFAwebnews.

Insurer’s retirement business sees best year in its 130-year history

Jaime L. Brockway — Wed, 07 Mar 2012 12:57:51 +0000

OneAmerica, based in Indianapolis, Ind., saw its retirement business have its most successful year in all major sales categories last year, as well as retain 95% of existing business.

Insurer’s retirement business sees best year in its 130-year history via IFAwebnews.

HHS: 12% small biz health insurance rate hike in Pa. ‘excessive’

Bob Graham — Wed, 07 Dec 2011 19:42:49 +0000

An Indiana-based insurance company approved to sell health insurance products in Pennsylvania has been charged with small businesses “unreasonably high premium increases” after increasing rates 12%, according to federal officials.

HHS: 12% small biz health insurance rate hike in Pa. ‘excessive’ via IFAwebnews.

Keystone continues to grow, adding 11th Tenn. partner

Jaime L. Brockway — Tue, 29 Nov 2011 11:50:16 +0000

Keystone Insurers Group, a Northumberland, Pa.-based insurance broker, announced its 11th franchise partner in Tennessee, increasing Keystone's growth rate to 10% in the state, according to the firm.

Keystone continues to grow, adding 11th Tenn. partner via IFAwebnews.

Mid-Atlantic states among 28 getting more federal health reform money

Jaime L. Brockway — Mon, 03 Oct 2011 19:57:08 +0000

The U.S. Department of Health and Human Services (HHS) granted a second round of awards totaling $109 million to 28 states and Washington, D.C., to further implement federal health reform.

Mid-Atlantic states among 28 getting more federal health reform money via IFAwebnews.

N.Y. agency owner among Big I’s new, ‘remarkable’ leadership team

IFAwebnews Staff — Mon, 19 Sep 2011 11:33:45 +0000

An independent insurance agency owner with an office in New York is among the new leadership installed to lead the Independent Insurance Agents & Brokers of America (Big I).

N.Y. agency owner among Big I’s new, ‘remarkable’ leadership team via IFAwebnews.