Investigators with the New York State Insurance Department say a Dutchess County, N.Y., man tried to pay two people $400 to steal and burn his car in order to collect on a claim through GEICO.  Read Story

Industry reaction mixed to new Wisconsin anti-STOLI law

Two industry groups are praising Wisconsin Gov. Jim Doyle for signing into law tough new rules on stranger-originated life insurance (STOLI) transactions, while another organization indicates the measure will deny consumer rights.  Read Story

Lincoln Financial Group recently launched Lincoln VULONE (2010), a hybrid product combining the no-lapse benefits of a universal life policy with the growth potential and protection of a variable policy with guarantees, the company said.  Read Story

Insurance trade groups fear ‘narrow’ medical loss ratio definition

A collection of insurance trade groups have sent comments to the U.S. Department of Health and Human Services expressing concern if the definition of what constitutes a medical cost for insurers is “narrow.”  Read Story

Transocean tries to limit oil spill liability at $27 million in court

In what it says is a move to protect the interests of its employees, shareholders and the company, Transocean Ltd., the owner of the oil rig that sunk off the Gulf of Mexico, is asking a court to limit its liability for the accident to $27 million.  Read Story

DAIAB annual convention scheduled for June 8-10

The Delaware Association of Insurance Agents & Brokers will hold its 2010 annual convention June 8-10 at the Atlantic Sands Hotel & Conference Center in Rehoboth Beach, Del.   Read Story

NAIFA-Carroll/Howard Super CE Saturday slated for June 5

The National Association of Insurance & Financial Advisors – Carroll/Howard will be holding a Super CE Saturday for insurance professionals to earn up to eight continuing education credits.  Read Story

California man sentenced in $61 million investment Ponzi scheme

An Orange County, Calif., financial advisor was sentenced to 10 years and one month in federal prison for his role in what officials say was a $61 million Ponzi scheme.  Read Story

Pa. pair accused of embezzlement from employees’ retirement fund

A Scranton, Pa., grand jury has indicted the principals of a landscape architectural and civil engineering firm for allegedly embezzling money from the retirement accounts of their employees.  Read Story

New York Career News: Berhance joins NewOak Capital, other notables

Chad J. Berhance joined NewOak Capital as managing director and head of New Oak Solutions, a portfolio risk analytics, credit and advisory service provider to institutional investors globally.  Read Story