New York insurance regulators have updated a few of the provisions of their proposed broker compensation regulations, according to a state trade association, which says the changes will ease the …  Read →

I’m not sure how many of the 45 agents and brokers busted after an investigation in New York knew they were breaking the law. (click here for IFAwebnews.com article)

Surely, some had …  Read →

Omitting a government-run health insurance program from a Senate reform bill will give private insurers “free rein” to increase premiums and “drive up the cost of federal subsidies,” according to a group of Senate Democrats.

Sen. Max Baucus, chairman of the Senate Finance Committee, moved forward with a health reform bill today (Wednesday) that omits the public option present in all other Congressional bills and calls instead for health cooperatives.

Thirteen states received a boost from the federal government in the form of $70.9 million in grants to assist their expansion of health care coverage for uninsured residents.

With Congress reconvening after its August break, the final Senate committee to draft health reform legislation may endorse a plan that includes a tax on private insurance companies and forgoes a government-run competitor.

Liberty Mutual unveiled a new customized auto insurance policy for full-time teachers and school administrators, offering protection for many who store school items in their vehicles.

The insurer noted that many …  Read →

New York Gov. David A. Paterson and the state legislature have the right idea: Reform the current problems with health insurance and the uninsured instead of chucking the entire system out the …  Read →

The New York State Insurance Department is now being led by First Deputy Superintendent Kermitt Brooks in an acting capacity.

Brooks was named acting superintendent, replacing Eric Dinallo, who resigned effective …  Read →

Hewlett, N.Y.-based DCAP Group says its Commercial Mutual Insurance Co. converted to a stock property-casualty company July 1.

The company also announced that it has sold its three Pennsylvania retail insurance …  Read →