IFAwebnews » solvency

Cuts to Medicare Advantage help bolster federal program’s solvency

Bob Graham — Fri, 06 Aug 2010 10:29:35 +0000

Medicare earned an estimated 12 additional years of solvency because of federal health reform, the Obama Administration said in a recent report.

Cuts to Medicare Advantage help bolster federal program’s solvency via IFAwebnews.

Federal jury issues $19.3 million verdict for Cascade National

Keith L. Martin — Mon, 31 May 2010 12:15:47 +0000

A federal jury in Washington state has issued a $19.3 million verdict against three individuals and their company for pocketing millions of dollars owed to financially troubled insurance company Cascade National.

Federal jury issues $19.3 million verdict for Cascade National via IFAwebnews.

Okla. regulators take control of Imperial Casualty and Indemnity

Keith L. Martin — Fri, 14 May 2010 17:30:50 +0000

An Oklahoma County District Court judge has ruled that an insolvent property-casualty company is now in the hands of state regulators.

Okla. regulators take control of Imperial Casualty and Indemnity via IFAwebnews.

Florida senator calls for firing of state insurance commissioner

Keith L. Martin — Thu, 13 May 2010 18:54:52 +0000

A Florida senator is repeating his call for the ousting of the state’s insurance commissioner, calling his behavior “reprehensible” and saying he is no longer trustworthy.

Florida senator calls for firing of state insurance commissioner via IFAwebnews.

National States Insurance put into receivership in Missouri

Bob Graham — Wed, 07 Apr 2010 12:19:00 +0000

The Missouri insurance director has been named receiver of National States Insurance Co., which Missouri’s Department of Insurance said is in hazardous financial condition.

National States Insurance put into receivership in Missouri via IFAwebnews.

Democrats ditch health premium assistance to states in reform bill

Keith L. Martin — Fri, 19 Mar 2010 12:57:20 +0000

Once lauded as a way for the federal government to aid states in conducting reviews of “unreasonable” rate increases on health insurance, a plan pitched by the Obama Administration is not in a health reform bill set for a vote March 21.

Democrats ditch health premium assistance to states in reform bill via IFAwebnews.

Fla. official calls for financial check-up on state property insurers

IFAwebnews Staff — Wed, 10 Mar 2010 12:48:48 +0000

Florida’s chief financial officer is calling for a report on the financial health of the state’s property insurers heading into hurricane season.

Fla. official calls for financial check-up on state property insurers via IFAwebnews.

Virginia regulators worried about North Carolina mutual life insurer

Bob Graham — Wed, 25 Nov 2009 14:00:49 +0000

A Durham, N.C.-based insurance company could have its license to sell insurance in Virginia suspended if it cannot improve its financial condition.

Virginia regulators worried about North Carolina mutual life insurer via IFAwebnews.

Ario calls for liquidation of troubled insurer Penn Treaty

Keith L. Martin — Wed, 07 Oct 2009 10:55:12 +0000

Citing the need to treat policyholders fairly, Pennsylvania’s insurance commissioner has petitioned that the Penn Treaty Network America Co. and its subsidiary, American Network Insurance Co., be liquidated.

Ario calls for liquidation of troubled insurer Penn Treaty via IFAwebnews.

Maryland Insurance Administration accredited by NAIC for five years

IFAwebnews Staff — Tue, 29 Sep 2009 11:00:15 +0000

The Maryland Insurance Administration received a five-year accreditation from the National Association of Insurance Commissioners following a comprehensive review.

Maryland Insurance Administration accredited by NAIC for five years via IFAwebnews.