A Baltimore insurance agent had his license revoked and was ordered to pay a carrier $6,865 in restitution after he was accused by the insurer of submitting applications for coverage ...  Read →  Read Story

Aon Corp. to partner with minority-owned risk managers

Aon Corp. is hoping to build its business by developing more relationships with minority-owned risk management and consulting companies, the company announced.

Aon Cornerstone Innovative Solutions is an entrepreneurial growth strategy ...  Read →  Read Story

Nationwide sued over insufficient health coverage claims

A lawsuit has been filed in U.S. District Court in Seattle on behalf of 400 plaintiffs alleging that Nationwide Insurance “unfairly and deceptively” sold them health insurance plans.

The class-action lawsuit, ...  Read →  Read Story

AIG reaches deal to sell auto unit to Zurich for $1.9 billion

After a few days of speculation, American International Group announced it has a deal in place to sell its auto insurance unit to Farmers Group, Inc., a subsidiary of Swiss ...  Read →  Read Story

Insurers fined $235,000 for mishandling of auto claims in Maryland

Maryland regulators have fined nearly half of the 119 auto insurance companies doing business in Maryland a total of $235,000 in fines and nearly $400,000 in restitution to car owners ...  Read →  Read Story

Alleged skydiving lands insurance fraud charges for New York man

A Hudson Falls, N.Y. man who collected $83,000 in workers’ compensation benefits claiming a back injury prevented him from working was arrested after investigators allegedly caught him performing numerous activities, ...  Read →  Read Story

Nationwide ad campaign to focus on true agent stories

Nationwide has dropped the “Life Comes at You Fast” national advertising campaign for a new one, “I Am on Your Side,” where insurance agents will share true stories of how ...  Read →  Read Story

MedAmerica pays $70 million for Combined Insurance LTC policies

A long-term care insurer bought the long-term care insurance business of Combined Insurance Co. of America.

MedAmerica is paying $70 million for the block of 11,000 contracts from Combined Insurance, which ...  Read →  Read Story

North Sea Insurance’s outlook rises with corrections

A Long Beach, N.Y.-based insurer has had its outlook raised to “positive’ by a ratings service, which says its corrective actions are working.

A.M. Best Co. has revised the outlook from ...  Read →  Read Story

Senator queries health insurers on reimbursement data

Picking up where he left off last month, Sen. John “Jay” Rockefeller (D-W. Va.) has asked 18 of the nation’s largest health insurers for more information on how they reimburse ...  Read →  Read Story