Conseco consolidating three subsidiaries to raise capital

Conseco plans to consolidate two of its insurance subsidiaries into a third one, Washington National Insurance Co., as a means of raising capital and its consolidated risk-based capital ratio.

Jim ...  Read →  Read Story

Nearly everyone is familiar with the story of Lewis and Clark, and their famous expedition. Yet few of us really think about what that entailed – moving through uncharted territory ...  Read →  Read Story

Thomas Hampton abruptly departs as head of D.C. insurance department

The commissioner of the District of Columbia Department of Insurance, Securities and Banking has left office days before a public hearing on a health insurer’s surplus.

Thomas E. Hampton

The DISB ...  Read →  Read Story

Florida lawyer accused of pocketing $500,000 in insurance settlements

A West Palm Beach, Fla., attorney was arrested for allegedly stealing nearly $500,000 in insurance claims settlements from three of his clients, including a widower whose wife died in an ...  Read →  Read Story

In a move that has received little public or industry attention, and which highlights the uncertainty of the future of the health insurance industry — not to mention the volatility of the ...  Read →  Read Story

A market conduct examination of Direct General Insurance Co., which operates seven offices in Virginia, by regulators in the commonwealth found numerous violations, leading to the company paying $54,000 in ...  Read →  Read Story

‘Uncertain’ economy forces widespread health ratings withdrawal

The evolving health insurance marketplace is so tumultuous that a key ratings service has withdrawn a series of ratings for more than 125 health insurers, including HMOs and Blue Cross and Blue Shield plans across the country.  Read Story

John Hancock has launched two new universal life insurance products: New Protection UL-G and Protection SUL-G.

Both products offer valuable death benefit guarantees at affordable premiums, flexible design options and riders ...  Read →  Read Story

Fox Insurance gets high marks for Medicaid customer service

Fox Insurance Co., headquartered in New York City, N.Y., received high marks in several categories following an audit and assessment by the federal Centers for Medicare & Medicaid Services.

CMS, which ...  Read →  Read Story

Federal court denies New Jersey broker-dealer’s Form U4 case appeal

A federal appeals court denied a New Jersey broker-dealer’s appeal of a U.S. Securities and Exchange Commission ruling in a case over the man’s Form U4 filing, FINRA records show.

Douglas ...  Read →  Read Story