Life agent charged in alleged $127 million STOLI scheme

The Minnesota Department of Commerce has suspended the insurance license of a life insurance agent it alleges used fraudulent means to purchase 44 life insurance policies for one man totaling ...  Read →  Read Story

Woman sentenced to prison for $12 million health fraud

A North Carolina woman was sentenced to two years in prison for her role in cheating Highmark Blue Cross Blue Shield out of $12 million.

Kendra Huddleston, 42, a former aid ...  Read →  Read Story

Montana Senator to address Big I at annual legislative conference

Sen. John Tester (D-Mont.) will give the keynote address before members of the Independent Insurance Agents & Brokers at their annual legislative conference April 30.

John Tester

Tester’s speech will come ...  Read →  Read Story

HDHP enrollees favor lower-cost care options, survey finds

Consumers who choose high-deductible health plans (HDHPs) favor lower cost care options, including generic drugs over brand drugs and efforts to improve their wellness.

“Our research concludes that people are beginning ...  Read →  Read Story

Atlantic City to host N.J., N.Y., regional sales conference

The New Jersey and New York State Association of Health Underwriters and the New Jersey chapter of the National Association of Insurance and Financial Advisors will hold their Regional Annual ...  Read →  Read Story

Regional insurer named one of ‘America’s Most Trustworthy Companies’

Mulitple-line insurer Mercury Insurance has been named one of “America’s Most Trustworthy Companies” by Forbes.com.

The insurer, with independent agents and brokers in states including New Jersey, New York, Virginia and ...  Read →  Read Story

Court: Pennsylvania firm must show all viatical agreements to Florida

A U.S. District Court judge in Tallahassee has ruled that Florida regulators can examine a Pennsylvania company’s viatical settlement agreements with people living outside Florida.

Judge Stephan P. Mickle ruled that ...  Read →  Read Story

AXA Equitable Life Insurance Co. is revamping its flagship Athena Universal Life insurance policy.

The new policy is described by the company in a statement as “an innovative, hybrid development in ...  Read →  Read Story

Insurer to pay $500K in fatal Pennsylvania crash

National Grange Mutual Insurance Co. must pay up to $500,000 in coverage for a 22-year-old who was sued as a teenager for killing his friend in a car crash while ...  Read →  Read Story

IIAV to hold annual convention June 14-16

Economist Don Reynolds will be the keynote speaker at the Independent Insurance Agents of Virginia’s 2009 Annual Convention, scheduled for June 14-16.

This year’s event will be held at The Williamsburg ...  Read →  Read Story