IFAwebnews » LA

States make Prudential alter its unclaimed life insurance practices

Bob Graham — Tue, 17 Jan 2012 13:13:06 +0000

A total of 19 states and Washington, D.C., reached an agreement with The Prudential Group, one of the largest life insurance companies in the U.S., in a case involving its unclaimed property practices.

States make Prudential alter its unclaimed life insurance practices via IFAwebnews.

Insurers’ lost $32B from natural disasters in first nine months of ’11

Bob Graham — Tue, 03 Jan 2012 16:11:25 +0000

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.

Insurers’ lost $32B from natural disasters in first nine months of ’11 via IFAwebnews.

La. ‘unprecedented’ infrastructure investment helps woo PURE

Bob Graham — Fri, 30 Dec 2011 10:20:20 +0000

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.

La. ‘unprecedented’ infrastructure investment helps woo PURE via IFAwebnews.

Senate, House have different views on future of National Flood Insurance Program

Jaime L. Brockway — Mon, 19 Dec 2011 13:13:09 +0000

The U.S. Senate unanimously extended the National Flood Insurance Program (NFIP) through May 31, 2012, and the House of Representatives passed a bill reforming and extending it for five years the NFIP.

Senate, House have different views on future of National Flood Insurance Program via IFAwebnews.

Scores charged in $295 million, nationwide Medicare false-billing scheme

Bob Graham — Thu, 08 Sep 2011 13:43:48 +0000

A total of 91 people, including doctors, nurses and other medical professionals, were charged in connection with a Medicare false-billing scheme costing about $295 million.

Scores charged in $295 million, nationwide Medicare false-billing scheme via IFAwebnews.

Consumer groups say new health reform rate review rules may lack punch

Jaime L. Brockway — Thu, 01 Sep 2011 15:11:49 +0000

Federal health reform rules for health insurance rate reviews, which took effect today (Sept. 1), may not be “strict” enough to protect consumers against insurers’ rate hikes, consumer advocacy groups say.

Consumer groups say new health reform rate review rules may lack punch via IFAwebnews.

Fla. business sues international supplier over faulty drywall

Jaime L. Brockway — Wed, 27 Jul 2011 04:32:56 +0000

A Florida supply company sued an international conglomerate for allegedly lying about defective Chinese drywall used to rebuild after hurricane disasters, which forced the company to pay about $55 million in legal settlements.

Fla. business sues international supplier over faulty drywall via IFAwebnews.

Landrieu joins agents’ call for delay in tying compensation to MLR

Bob Graham — Tue, 26 Jul 2011 12:57:07 +0000

Health insurance agents and brokers have found a friend in Sen. Mary Landrieu (D-La.), who has penned a letter asking federal officials to delay including agent compensation in the medical loss ratios controlling health insurer spending.

Landrieu joins agents’ call for delay in tying compensation to MLR via IFAwebnews.

Hub nabs one Southeast brokerage, on the prowl for more to buy

Jaime L. Brockway — Mon, 25 Jul 2011 09:51:57 +0000

A Chicago, Ill.-based insurance brokerage firm signed an agreement to acquire a Metairie, La.-based consulting and service firm and expand its presence in the Southeastern state.

Hub nabs one Southeast brokerage, on the prowl for more to buy via IFAwebnews.

La. police officer, two others charged in alleged car insurance fraud

Jaime L. Brockway — Sun, 17 Jul 2011 21:43:13 +0000

A Shreveport, La., police officer and two others were arrested and each charged with one count of insurance fraud for allegedly misreporting a stolen vehicle and burning it for insurance money.

La. police officer, two others charged in alleged car insurance fraud via IFAwebnews.