Gregory K. Bowser of Abingdon, Md., received a CFP Board public letter of admonition for his conduct in conjunction with his capacity as chairman of a charitable organization.

Bowser, who holds ...  Read →  Read Story

Pennsylvania firm selling Delaware Investments to Australian company

Lincoln Financial Group is selling Delaware Investments, its asset management unit, to an Australian firm for $428 million.

The Philadelphia, Pa.-based company is selling Delaware Management Holdings and its subsidiaries, Delaware ...  Read →  Read Story

Broker who crashed airplane to fake his death sentenced to prison

An Indiana securities and insurance broker who apparently tried to fake his own death will spend the next 51 months in federal prison.

Marcus Schrenker, 38, of McCordsville, Ind., was sentenced ...  Read →  Read Story

Insurance companies’ ads no longer airing on Glenn Beck Program

Progressive Insurance, which sells through agents and directly to consumers, is explaining its decision to halt any advertisements appearing on the Glenn Beck Program, a cable TV program.

Glenn Beck ...  Read →  Read Story

The U.S. House, or at least the Energy & Commerce Committee, is readying the executives of 52 of the nation’s largest health insurers for a perp walk in the Democrats’ ...  Read →  Read Story

House ‘fishing’ for compensation details, national health group says

A group representing the nation’s health insurance companies is calling an investigation by the U.S. House into the finances of 52 insurers a “politically motivated, taxpayer financed fishing expedition.”

Bart ...  Read →  Read Story

Florida’s workers comp. whistleblower site nets $526K in penalties

Since its launch in June, a whistleblower website for workers’ compensation violations in Florida has generated hundreds of new complaints and more than $500,000 in penalties.

Alex Sink

Florida CFO Alex ...  Read →  Read Story

An Oneonta, N.Y., man could spend up to 15 years in prison following allegations he intentionally set a fire that destroyed his home and also injured two firefighters to collect ...  Read →  Read Story

Greenberg, other ex-AIG executives settle Ohio allegations for $115M

Former American International Group CEO Maurice “Hank” Greenberg and three other former executives with the insurer have reached a $115 million settlement with Ohio’s attorney general over allegations of anti-competitive ...  Read →  Read Story

Bosses say 401(k) cuts to be reversed; health premium hikes to stay

About one in four employers who cut contributions to their workers’ 401(k) plans expect to reverse the action over the next six months, and two-thirds of employers who forced workers ...  Read →  Read Story