Insurance

Illinois Insurance Department alerts consumers of health insurance coverage scam.

Consumer Financial Protection Bureau official wants to create principles-based disclosures that are simple for consumers to understand.

Under the plan, the Treasury would convert $49.1 B of its preferred shares in AIG to common shares, increase the government's stake to 92.1% from 79.8%, and then gradually sell it off.

New paper from NAMIC highlights legislative issues surrounding vehicle repair.

Despite pronouncements that the recession has ended, we're still not back yet to business as usual.

Market Force polled consumers regarding their thoughts about and experiences with their auto insurers.

A stalled economic recovery, volatile stock market and undervalued P&C insurance stock prices create an unfavorable environment for receiving appropriate value for the business, notes the insurer.

Miley, Donohoe, Bramlett and Lanoix begin serving as new officers.

Application promises to be easy for the agent, but powerful for carriers.

S&P removes ratings from AXA Insurance U.K., Fitch Ratings affirms Liberty Mutual Group, A.M. Best assigns debt ratings to Manulife’s senior notes.

Dutch insurer reportedly will shutter additional operations in Britain.

Companies that figure out how to manage for creativity will have a crucial advantage in the ever-increasing competition for talent.

Distracted driving is quickly rocketing up the ranks of risks for insurers. Coming on the heels of a Chubb study last week that found motorists are in favor of banning cell phone use while driving, the Property Casualty Insurers Association of America (PCI) today reinforced the popular sentiment that the issue of distracted driving absolutely must be addressed on multiple fronts, including:

A report indicates that the Obama administration will work to promote the availability of annuities and other forms of guaranteed income.

Disclosure of risk related to AIG’s portfolio of credit default swaps and securities lending program the focus of class-action suit.

Blue Shield of California will make $24.8 million in bonuses available to medical groups and independent practice associations.

The Independent Insurance Agents & Brokers of America (IIABA) announced the 224 independent insurance agencies that have been selected for the 2010 Best Practices Study. Agencies are selected from across the country after a nomination and vetting process.

An economist group might think the downturn is over, but reality tells a different tale.

So far there doesn’t seem to be much demand from plan participants, but insurers are pushing hard to get their piece of the trillions now invested in 401(k) plans.