Investment scheme nets N.J. man 8 years in prison, $1.8M in restitution

A former Ameriprise and GunnAllen broker-dealer will spend eight years and one month in federal prison for operating a $1.8 million investment fraud scheme.  Read Story

Many of us have seen the Facebook pages of friends and relatives who post photos and updates on every ordinary and mundane thing going on in their lives: from taking ...  Read →  Read Story

Sen. Harry Reid sent his proposed Patient Protection and Affordable Care Act back and forth to the Congressional Budget Office (CBO) several times until he got the fiscal answers that ...  Read →  Read Story

Pa. regulators, Kingsway make case to court over ‘sham transactions’

The Pennsylvania Insurance Department and Kingsway Financial Services have both filed complaints in Commonwealth Court regarding the distribution of shares of troubled insurer Lincoln General.  Read Story

Public option remains an obstacle in Senate health reform package

While the Senate’s version of health care reform moves forward, the debate over the inclusion of a government-run public health insurance program could cause that momentum to stall.  Read Story

State regulators applaud changes to proposed Federal Insurance Office

Still questioning the need for a federal regulator of insurance amid strong state-based oversight, the National Association of Insurance Commissioners is praising lawmakers for amendments to a bill establishing a Federal Insurance Office.  Read Story

N.Y.-based health insurer’s subsidiaries see ratings downgrade

Citing negative capital and surplus levels for two of its insurance companies in the third quarter 2009, A.M. Best has downgraded the ratings of MVP Health Care, Inc.’s insurance subsidiaries.  Read Story

Two Georgia insurers pay $100,000 to Virginia regulators over errors

Two Atlanta, Ga.-based insurance companies agreed to pay Virginia regulators $100,000 for insurance license violations, including improperly sharing commissions with unlicensed people and failing to properly appoint agents.  Read Story

Interior designer sentenced for insurance fraud after TV appearance

A recent appearance on cable television gave a California interior designer national exposure to millions of people. Unfortunately, one of those viewers was with the insurer handling his disability claim.  Read Story

New York Life says year sets record for life policy sales

New York Life Insurance Co. says the first nine months of this year mark the best on record for its term and permanent life insurance products.  Read Story