Regional news: 
Archive for August, 2009
Univest Corp. of Pennsylvania announced the completion of its public offering of 3.4 million shares of common stock, a sale it expects to generate $55.5 million.
The Souderton, Pa.-based company, whose ... Read → Read Story
The majority of Americans say they aren’t sure how they will save enough money for their retirement, according to a new study from Bankrate Inc.
The online study, performed by Princeton ... Read → Read Story
The second quarter marked the greatest increase in combined net assets in variable annuities in the U.S. in more than four years.
The Insured Retirement Institute said net assets in variable ... Read → Read Story
Million in losses from victims of Bernard Madoff’s Ponzi scheme have been paid off by insurer American International Group under homeowners insurance policies that covered “fraud, embezzlement or forgery.”
The insurer, ... Read → Read Story
An Ohio court has granted the request of state insurance regulators to place an insolvent physician-owned provider of health insurance into liquidation.
Worthington, Ohio-based The Physicians Assurance Corp. was licensed by ... Read → Read Story
A Washington, D.C.-based association of builders and contractors has chosen Fringe Benefit Group as a participant in the Associated Builders and Contractors’ Business Partner program.
FBG will offer its retirement product, ... Read → Read Story
James R. Stenger of NAS Financial Services in Morristown, N.J., was installed as a member of the board for the National Association of Health Underwriters.
James R. Stenger
Stenger was ... Read → Read Story
Three insurance agents who sold inappropriate or unsuitable living trusts and annuities to senior citizens through a telemarketing operation had their insurance licenses revoked in Texas.
The Texas Department of Insurance ... Read → Read Story
Eric Dinallo, who resigned last month after two years as New York’s insurance superintendent, announced his intent to become the state’s next attorney general in 2010.
Eric Dinallo
Under Dinallo, New ... Read → Read Story
Utah prosecutors say a life insurance agent in their state “stole the American Dream” from three elderly siblings by wiping out their life savings under the guise of helping them.
Read → Read Story
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