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Press Room Articles

The Press Room features links to articles on the insurance industry, state and federal insurance regulation, and other issues of interest to the guaranty system. The views expressed in these articles do not necessarily reflect the views of NOLHGA or its members.

Contents:

Recently Published Articles

  • House Bill Targets Systemic Risk Panel Transparency
    Article retrieved 03/25/2015  Contributer: Sarah N. Lynch, Reuters  Source: Insurance Journal

    A Republican congressman and a Democratic colleague have introduced a bill to shed more light on the workings of the Financial Stability Oversight Council, which watches for emerging threats to market stability.

  • Former Cigna VP Picked To Run CT Insurance Department
    Article retrieved 03/23/2015  Contributer: Hartford Courant  Source: CTNOW.com

    Gov. Dannel P. Malloy on Friday nominated Katharine "Katie" L. Wade, a former Cigna Corp. vice president and daughter-in-law of a major Democratic fundraiser, to be the state's next insurance commissioner.

  • Guaranty funds start paying CoOportunity claims
    Article retrieved 03/11/2015  Contributer: Allison Bell  Source: LifeHealthPro.com

    The life and health insurance guaranty associations in Iowa and Nebraska have started paying claims for CoOportunity Health enrollees.

  • PNC to appeal $390.5 million order for trustee role in prepaid funeral scam
    Article retrieved 03/11/2015  Contributer: Patty Tascarella  Source: St. Louis Business Journal

    PNC Financial Services Group Inc. said it intends to appeal an order to pay $390.5 million in damages, handed down Monday by a jury in St. Louis in the alleged National Prearranged Services Inc. insurance scheme for prepaid funerals.

  • Jury awards $491M in damages in prearranged funerals case
    Article retrieved 03/10/2015  Contributer: AP  Source: Herald and News

    A St. Louis federal jury has awarded $491 million in damages in a 6-year-old lawsuit linked to the collapse years ago of a company that sold prepaid funerals but that federal investigators described as nothing more than an elaborate Ponzi scheme.

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Insurance Industry News

  • Former Cigna VP Picked To Run CT Insurance Department
    Article retrieved 03/23/2015  Contributer: Hartford Courant  Source: CTNOW.com

    Gov. Dannel P. Malloy on Friday nominated Katharine "Katie" L. Wade, a former Cigna Corp. vice president and daughter-in-law of a major Democratic fundraiser, to be the state's next insurance commissioner.

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Federal Regulation

  • House Bill Targets Systemic Risk Panel Transparency
    Article retrieved 03/25/2015  Contributer: Sarah N. Lynch, Reuters  Source: Insurance Journal

    A Republican congressman and a Democratic colleague have introduced a bill to shed more light on the workings of the Financial Stability Oversight Council, which watches for emerging threats to market stability.

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Guaranty System in the News

  • Guaranty funds start paying CoOportunity claims
    Article retrieved 03/11/2015  Contributer: Allison Bell  Source: LifeHealthPro.com

    The life and health insurance guaranty associations in Iowa and Nebraska have started paying claims for CoOportunity Health enrollees.

  • PNC to appeal $390.5 million order for trustee role in prepaid funeral scam
    Article retrieved 03/11/2015  Contributer: Patty Tascarella  Source: St. Louis Business Journal

    PNC Financial Services Group Inc. said it intends to appeal an order to pay $390.5 million in damages, handed down Monday by a jury in St. Louis in the alleged National Prearranged Services Inc. insurance scheme for prepaid funerals.

  • U.S. jury orders PNC Bank to pay $391 mln in funeral scam case
    Article retrieved 03/10/2015  Contributer: Reuters  Source: Yahoo Finance

    A federal jury ordered PNC Bank to pay $391 million in damages for its role in an alleged insurance scam involving prepaid funeral contracts at the now-defunct National Prearranged Services (NPS).

  • Jury awards $491 million in damages for fraud by prepaid funeral company in Clayton
    Article retrieved 03/10/2015  Contributer: Robert Patrick  Source: St. Louis Post-Dispatch

    A jury in federal court here on Monday awarded $491 million in damages in a civil lawsuit sparked about seven years ago by the collapse of a Clayton-based company selling prepaid funerals.

  • $490 million judgment in prearranged funeral civil case
    Article retrieved 03/10/2015  Contributer: Jacob Kirn  Source: St. Louis Business Journal

    A jury has awarded $490 million to state life and health guarantee associates and a receiver in the civil trial surrounding the massive $600 million National Prearranged Services Inc. prepaid funeral scheme.

  • Jury awards $491M in damages in prearranged funerals case
    Article retrieved 03/10/2015  Contributer: AP  Source: Herald and News

    A St. Louis federal jury has awarded $491 million in damages in a 6-year-old lawsuit linked to the collapse years ago of a company that sold prepaid funerals but that federal investigators described as nothing more than an elaborate Ponzi scheme.

  • Backlog of CoOportunity claims paid in Iowa, Nebraska
    Article retrieved 03/09/2015  Contributer: Chelsea Keenan  Source: The Gazette

    With the liquidation of CoOportunity Health underway, the Iowa and Nebraska Life and Health Insurance Guaranty Associations will start paying out a backlog of more than $80 million in outstanding claims to health care providers, the Iowa Insurance Division announced Friday.

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Industry News Sources

The links below will take users to insurance news websites or to subscription pages for daily insurance newsletters.

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