Regional news: Archive for April, 2010
A registered principal from Chesaning, Mich., who acknowledged his member firm’s prohibition on selling equity-indexed annuities (EIAs), was fined by FINRA for collecting about $111,000 in compensation for EIA transactions. Read Story
Under the national spotlight for alleged rescissions of patients with breast cancer, national health insurer WellPoint said it will implement reforms on the practice well ahead of a deadline set under recent health reform. Read Story
Harleysville Insurance’s back-to-basics approach appears to be working, according to the company’s chief executive. Read Story
Anyone transacting a life settlement in California will be required to notify the California Department of Insurance of the transaction within 10 days, according to new rules covering life settlement transactions. Read Story
An Omaha, Neb., investment advisor could spend up to 20 years in federal prison and face a $1 million fine after pleading guilty to securities fraud. Read Story
Harrisburg, Pa.-based Capital BlueCross has added a special oncology program to its case management outreach to assist its clients diagnosed with cancer. Read Story
Having faced national scrutiny over planned rate hikes as much as 39% for some individual plan members, Anthem Blue Cross has again delayed those new rates from taking effect in California. Read Story
After touting the numerous benefits of acquiring HomeWise Holdings last month, Florida-based 21st Century Holding Co. has announced that both sides have called off a planned merger. Read Story
The Atlantic Regional Life and Health Underwriters will hold its annual sales conference and exhibition May 10-12 around the theme “Link In…Path to the Future.” Read Story
A Richmond, Va.-based insurer has had its outlook revised from “stable” to “positive,” reflecting its success in a niche market. Read Story
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