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Study shows perceived value of life insurance benefits

Study shows perceived value of life insurance benefits

American workers value life insurance benefits, but there is significant room for improvement, according to a study on workplace benefits. The Guardian Life Insurance Co. of America launched the Guardian Workplace Benefits Study that reflects the degree to which American workers value their benefits, on a scale […]

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HHS proposes broker compensation rules for health insurance exchanges

HHS proposes broker compensation rules for health insurance exchanges

The Department of Health and Human Services recently released a proposed rule that, if approved, would require carriers to pay brokers the same compensation for plans sold through a federally facilitated state exchange, or a similar plan outside the exchange. Online health insurance exchanges are required under […]

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Drug-addicted doctor entitled to disability insurance benefits

Drug-addicted doctor entitled to disability insurance benefits

In a controversial and precedent-setting opinion, a federal court found that a doctor who was addicted to a pain medication is entitled to disability insurance benefits because the chance of relapse after treatment is considered a long-term disability. The 1st Circuit Court of Appeals in Boston decided that […]

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U.S. workers’ comp industry revenues could decline

U.S. workers’ comp industry revenues could decline

In a new report, Standard & Poor’s Ratings Services predicts revenues for the U.S. workers’ compensation insurance industry could decline amid economic weakness and an unsettled labor market. “We remain pessimistic about the near-term profitability prospects for the U.S. workers’ compensation market despite improved pricing in the […]

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Despite Obamacare promises, little help for substance abuse patients

Despite Obamacare promises, little help for substance abuse patients

Health law contradicts previous law, preventing low-income, newly insured from getting drug or alcohol abuse treatment The nation’s health law has promised sweeping changes to help millions of people with drug or alcohol addiction get treatment. Many unable to afford services in the past now can receive […]

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FAwebnews.com, print publications, cease publication

FAwebnews.com, print publications, cease publication

After nearly 20 years serving the Mid-Atlantic insurance industry, IFAwebnews.com and its previous three regional print journals, Insurance & Financial Advisor, have ceased publication. Launched in 1998 as Insurance Advisor Monthly to serve retail insurance agents in Maryland and Washington, D.C., the IFAmedia family grew to include […]

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Maryland seeks to save struggling Obamacare exchange

Maryland seeks to save struggling Obamacare exchange

Posted: February 23, 2018 To help steady its struggling Obamacare health insurance exchange, Maryland is considering steps some other states have taken to stabilize insurance markets: revive a sort of insurance for insurers. State lawmakers held hearings on a variety of health care proposals on Wednesday, including one […]

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Risk Strategies acquires NYC specialty brokerage

Risk Strategies acquires NYC specialty brokerage

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. Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, announced the acquisition of Prosurance Redeker Group LTD, a […]

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Former Texas insurance agent gets life sentence for elderly scam

Former Texas insurance agent gets life sentence for elderly scam

Posted: February 19, 2018 A Swisher County jury gave a life prison sentence to a 66-year-old former Lubbock, Texas, insurance agent last week after he admitted to defrauding money from elderly clients. Joseph Allen Gaines was also ordered to pay back $810,000 to the people he swindled as […]

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GE faces shareholder lawsuit over insurance shortfall, SEC probe

GE faces shareholder lawsuit over insurance shortfall, SEC probe

Posted: February 19, 2018 General Electric Co was sued on Friday by a shareholder who accused the conglomerate of concealing mounting insurance liabilities and a U.S. Securities and Exchange Commission probe, saying it cost shareholders tens of billions of dollars. The complaint filed by the Cleveland Bakers and […]

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