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Aetna to pay $17 million over HIV privacy breach

Aetna to pay $17 million over HIV privacy breach

Posted: January 18, 2018 Aetna has agreed to pay $17 million to settle claims that it breached the privacy of 12,000 policyholders in 23 states who take HIV medications. Attorneys for the health insurer announced the settlement Wednesday in Philadelphia. According to court document, in July of last […]

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N.J. lawmakers reintroduce bill requiring fiduciary disclosure

N.J. lawmakers reintroduce bill requiring fiduciary disclosure

Posted: January 18, 2018 Democratic state lawmakers in New Jersey are once again seeking passage of legislation that would require financial advisers to disclose their fiduciary status to investors. Under the proposal, advisers who are not required to meet a fiduciary standard must tell clients in a compulsory […]

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NJM expands into Pennsylvania

NJM expands into Pennsylvania

NJM Insurance, the New Jersey-based personal and commercial lines carrier, has expanded coverage to Pennsylvania. NJM’s expanded personal insurance offerings in the State include automobile, homeowners, condo, renters, umbrella, motorcycle, boat, and collector car coverage. The company has been operating exclusively in New Jersey for 104 years. […]

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Aflac, State Farm settle regulatory actions for notification lapses

Aflac, State Farm settle regulatory actions for notification lapses

Aflac and State Farm reached collective settlements of $350,000 and $250,000, respectively, with regulators in Pennsylvania, Florida, California, New Hampshire and North Dakota for failing to notify beneficiaries of policyholders who had died. Neither company admitted wrongdoing in the settlements. An investigation by Florida insurance officials in […]

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Gallagher acquires N.J. benefits broker

Gallagher acquires N.J. benefits broker

Posted: January 16, 2018 Arthur J. Gallagher & Co. has acquired The Daniels Group, a benefits broker based in New Providence, N.J. Terms were not disclosed. Founded in 1991, The Daniels Group is a full-service employee benefits consultant and broker serving corporations, schools, hospitals, municipalities, religious and nonprofit […]

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Clermont to rebrand as Berkley Luxury Group

Clermont to rebrand as Berkley Luxury Group

Clermont Specialty Managers, a Rutherford, N.J. unit of W.R. Berkley Corp. with a strong Mid-Atlantic presence, will rebrand and expand its service offerings nationwide as Berkley Luxury Group effective Feb. 1. Berkley Luxury Group will have two divisions, Berkley Luxury Real Estate Specialists and Berkley Fine Dining […]

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How health insurance will change this year

How health insurance will change this year

Posted: January 14, 2018 With attempts to repeal and replace the Affordable Care Act on hold and changes brought about by the new tax law, the Trump Administration is stepping up efforts to overhaul the health insurance market by loosening regulations. The administration has proposed a raft of […]

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MEMIC promotes Vinas to Atlantic region claims director

MEMIC promotes Vinas to Atlantic region claims director

Posted: January 12, 2018 NEWS SOURCE: The following content has been reprinted in whole or part from a company-supplied press release, issued statement, or other reports or sources. Workers’ compensation specialist The MEMIC Group has announced the promotion of Adelin Vinas to the position of claims director of […]

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As Obamacare mandate ends, Md. Democrats push alternative mandate plan

As Obamacare mandate ends, Md. Democrats push alternative mandate plan

Posted: January 11, 2018 Two of Maryland’s Democratic lawmakers unveiled their answer to the federal rollback of Obamacare: a program that would charge a fee to residents who do not buy medical insurance and use the money as a “down payment” to enroll them in coverage from the […]

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American National merges two N.Y.-based life insurance subsidiaries

American National merges two N.Y.-based life insurance subsidiaries

PRESS RELEASE: The following content has been reprinted in whole or part from a company-supplied press release, issued statement, or other reports or sources. American National Insurance Company announced American National Life Insurance Company of New York merged into Farm Family Life Insurance Company. Following the merger […]

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