Archive for February, 2010
The Hanover Insurance Group and Louisiana regulators have reached an agreement for the insurer to withdraw two of its companies doing business in the state, but continue coverage through a new partnership. Read Story
Optima Health Plan paid a $24,000 fine to Virginia insurance regulators after being found in a market conduct examination to have violated a number of state laws. Read Story
A former correctional officer at Folsom State Prison in Represa, Calif., must repay the state $170,309 in restitution following her conviction on 14 counts of insurance fraud and other fraud related offenses. Read Story
If the Financial Industry Regulatory Authority (FINRA) has its way, the public will know a lot more about current and former securities brokers at the click of a computer mouse. Read Story
Auto insurer Palisades says it is implementing a new cost savings strategy through the use of DHI’s DriversKnowledge risk management solution. Read Story
A former Lehigh County, Pa., correctional officer avoided prison and receiving three years of probation from a judge after having his car burned four years ago in a scheme to collect money from his insurer. Read Story
Walgreens said it will continue to fill Medicaid prescriptions at its Washington state pharmacies through March 15 as it continues to negotiate with officials over a reimbursement dispute. Read Story
A Victorville, Calif., man faces felony charges of arson and insurance fraud, accused of purposely setting fire to his Corvette to receive funds from his auto insurer. Read Story
Two insurance agents in Virginia are accused of illegally selling promissory notes in violation of securities laws through 12 companies operating in the state. Read Story
A new partnership is giving property-casualty insurer Chartis the ability to increase its capacity to $500 million for wind and solar energy sectors. Read Story


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