Genworth Life Insurance Co., part of Richmond, Va.-based Genworth Financial, will provide insurance for the Kansas State Employee Health Benefits Plan long-term care insurance program.
Four family members from Chesapeake, Va., were arrested for allegedly attempting to defraud life insurance companies out of millions of dollars by lying on applications for policies and having imposters take medical tests.
The Prince William Board of County Supervisors is going to charge insurers for ambulance runs, an approach taken by more municipalities seeking new revenue streams.
The Virginia State Corporation Commission (SCC) has scheduled an October hearing to consider a request to change the premium levels charged for workers’ compensation insurance.
E-Subro Hub, a free, paperless, Web-based electronic communication, document and claim management system designed to streamline the subrogation process, will expand to eight additional states, including New York and New Jersey.
A Richmond, Va., insurance agent’s suit against LTC Financial Partners, the nation’s largest producer-owned long term care insurance agency, has been dropped, the company said.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.