Regional news: 
Archive for December, 2009
A registered representative from Virginia Beach, Va., was ordered to pay a $20,000 fine for his involvement with reverse-mortgage seminars against his company’s policies and for his statements and materials for the seminars. Read Story
The Port Authority of Allegheny County, Pa., paid out more than $3 million for employees, passengers and other people hurt in accidents or on the job in the fiscal year, ending June 30. Read Story
The Service Insurance Co. of West Orange, N.J., was recently admitted in New Hampshire, making it the sixth surety market where the company does business. Read Story
A registered representative from Holtsville, N.Y., was sanctioned by securities regulators after he forged customer’s signatures and initials on variable annuity applications and other documents, FINRA records show. Read Story
Total individual life insurance sales fell 11% in the third quarter, despite a 12% surge in individual whole life policies sales, according to LIMRA. Read Story
The Hanover Group has entered into an agreement to buy renewal rights to parts of a book of business owned by OneBeacon Insurance Group. Read Story
An independent agent from Louisiana is under arrest in what state officials allege was a detailed scheme to steal $2.9 million by issuing 85 fraudulent commercial auto policies. Read Story
A U.S. senator is pointing to a $4.9 billion correction in regulatory filings by Aetna as another reason the nation needs “more transparency and accountability in the health insurance industry.” Read Story
A former agent with The Hartford Insurance Co. from Towson, Md., avoided prison time after his conviction on felony insurance fraud. Read Story
New Jersey’s health benefits costs paid by employers and employees increased more than the nation’s this year, new research indicates. Read Story
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