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Sales Mark Seen; Variable Annuities Soar as Fixed Sink
Individual annuity sales are on pace to set a growth record this year, according to data from LIMRA International...
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Bush Administration Floats Veto Warning On Medicare Advantage Cuts
The Bush administration is willing to negotiate with Congress on a scheduled cut in physicians' Medicare reimbursements, but financing the fix by cutting Medicare Advantage benefits or services should be considered off the table...
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Insurers, New York State Reach $750 Million Bailout Deal On ELNY Claims
An agreement between insurance industry representatives and New York state officials will secure annual payments to nearly 11,000 disabled and dependent persons covered by the long-defunct Executive Life Company of New York...
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Insurance Benefits Go to Family of Washington Redskins Safety Sean Taylor
The recent tragic murder of Washington Redskins safety Sean Taylor has affected many people, least of all Taylor's family. According to an ESPN article Taylor had a $600,000 life insurance policy that named his sister as the beneficiary...
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Legislation; House Passes Flood Insurance Overhaul
The House passed a bill expanding the National Flood Insurance Program to allow homeowners to buy optional "multiperil" coverage against wind damage...
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CIGNA to Acquire Great-West Healthcare
CIGNA announced that it has signed a definitive agreement to acquire Great-West Healthcare, the Healthcare Division of Great-West Life & Annuity, Inc...
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Grooming Your Business For Talent
You may have heard by now that there is a talent-squeeze in the wealth-management business. In fact, one quarter of recruitment openings for wealth managers could not be filled during the past year...
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Experts Warn Against Medicare Scams
Health insurance experts are warning against scams involving people who claim to represent companies selling Medicare Part D prescription plans...
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Humana on Hot Seat for Medicare Practices
This spring, the state of Oklahoma used its limited authority to fine Humana almost as much as the federal government has fined all Medicare Advantage players combined...
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New Senior VP Named at Great American Insurance Group
Great American Insurance Group has named Michael E. Sullivan as senior vice president, according to a company statement...
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Wells Fargo Acquires Rogers & Belding Insurance Agency, Inc. and Subsidiaries
America's largest bank-owned insurance brokerage and a subsidiary of Wells Fargo & Company (NYSE: WFC) - said today it has signed a definitive agreement and completed its previously announced acquisition of Rogers & Belding Insurance Agency, Inc...
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ING Employee Benefits Launches New Insurance Product
ING Employee Benefits has announced the launch of its new critical illness insurance product, Premier Critical Illness insurance...
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Insurance Profit? No Way
For Florida's private property insurers, profit went up again this year. But pay no attention...
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State Farm Begins Appeal Of $1 Million Post-Katrina Judgment
State Farm Fire and Casualty Co. is appealing a Mississippi verdict that awarded a Biloxi couple who sued the insurer after it denied their post-Hurricane Katrina claim $1 million in punitive damages...
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Farmers Insurance Asks for Homeowners Rate Hike Based on Great Customer Service, Despite Lower Than Average Customer Service Ranking
Farmers Insurance Company is seeking exemptions to state rules that could allow it to charge one million Californians almost $250 million extra per year...
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