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Allstate agents, stung by 20% cut in pay, to vote on unionizing
Many Allstate Insurance agents will soon vote on whether to become a guild of the Office and Professional Employees International Union (OPEIU). The voting process, being administered by the American...
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Consumer groups say new health reform rate review rules may lack punch
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...
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Court action continues for 14 accused in Miss. health fraud scheme
Seven of the 14 people charged in an alleged $500,000 state health insurance fraud scheme in Mississippi intend to go to trial, even though eight of those charged have already pleaded guilty. Three...
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Mid-Atlantic states among 28 getting more federal health reform money
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. Kathleen...
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Bravo Health’s sale to Cigna gets Maryland regulator’s approval
The Maryland Insurance Administration has approved the Cigna‘s acquisition of Bravo Health, a Baltimore, Md.-based operator of Medicare Advantage plans. Maryland Associate Commissioner Neil A. Miller...
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Health insurers forced to send out $1.1 billion in rebates
Health insurers will have to pay back $1.1 billion in rebates this summer as part of federal health reform, with large-group plans paying out more than small-group and individual plans. The rebates,...
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Tenn. appeals court enforces sentence for man who scammed insurer
A federal appeals court in Memphis, Tenn., denied a Mississippi man’s appeal of his 37-month prison sentence for defrauding a Memphis-based insurance company. Robert Rainey and his wife, Elizabeth,...
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Mich., Mass. at ends, mid-Atlantic states in middle for auto insurance
The most expensive auto insurance in the U.S. is in Michigan (8%), where households typically pay about 8% of annual income for their vehicle coverage. Based on median annual household income, Michigan...
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Mid-Atlantic states not immune to hurricane, tropical storm damages
The heavy rains associated with hurricanes and tropical storms like the one heading toward the Gulf Coast often cause heavy flooding, which can extend into the mid-Atlantic region. Courtesy: FEMA...
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Hurricane Isaac’s losses to put dents in primary insurers’ wallets
Anticipated losses from the damage caused by Hurricane Isaac’s wrath is expected to be largely borne by primary insurers, according to Fitch Ratings. Courtesy: George Armstrong/FEMA Most losses will be...
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‘Cloud’ computing brightens IT skies for insurance agency owners
Correction: Cloud computer spending worldwide will reach $42 billion, not $4.2 billion, in 2013, according to IDC research. Updated 10:43 a.m. ET, Feb. 23, 2011. The insurance industry is expected to...
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Insurers to pay $8 million in first Chinese drywall settlement
Residents of homes with faulty drywall reached an $8 million settlement with a New Orleans company that distributed the Chinese drywall to homes in the Gulf region for rebuilding after hurricane...
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States’ deal with John Hancock on annuity practices ‘will not be the last’
California’s state controller says a multi-state settlement with John Hancock over its handling of state unclaimed property laws with its life insurance and annuity policies “will not be the last” for...
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Health reform law challenge of 26 states set for appeals court review
A federal appeals court in Atlanta, where 26 states will argue against the U.S. Government, is the next stop in the ongoing legal battle over federal health reform. The challenge, being heard by the...
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Employee health plan enrollment falls, but may rise with health reform
Employer-sponsored insurance (ESI) eroded “significantly” in the last decade, although federal health reform is expected to reverse the decline for small employers, two studies say. The percentage of...
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