Va. regulators fine unlicensed surety bond agent, companies $280,000

Virginia insurance regulators shut down a Newport News, Va., insurance agent and two companies and fined them a total of $280,000 for illegal sales of surety bonds for public works projects in the Tidewater region of the state.  Read Story

Investors expected to vary responses to gas price spike

The likely actions of financial service professionals’ clients as gasoline prices continue to rise are far from clear, according to the latest IFAwebnews.com poll.  Read Story

One dreaded statement from a sales prospect could make a salesperson turn pale. "Is this your best deal?" … "I've interviewed a couple of your competitors and they are willing to sell for less." … "Thanks, but we want to shop around before we make a decision."  Read Story

New Jersey admits 55 new carriers, touts consumer protection efforts

New Jersey achieved its twofold mission of “promoting the growth and financial stability” of insurance companies and “protecting consumers” in 2010, according to state oficials.  Read Story

Unlicensed N.C. man accused of fraudulently taking insurance payments

A LaGrange, N.C., was charged with selling insurance to people in one county in North Carolina for two years using an other agent’s name and insurance identification number.  Read Story

Insurer donates plane Sullenberger landed on Hudson to N.C. museum

The Carolinas Aviation Museum in Charlotte, N.C., acquired from Chartis, the property-casualty and general insurance company, the "Miracle on the Hudson" airplane, made famous Jan. 15, 2009, when Capt. Chesley “Sully” Sullenberger, 57, landed Flight 1549 on the Hudson River.  Read Story

A Camden County, N.J. man was indicted for allegedly defrauding the Medicaid program by submitting a Medicaid application containing false information.   Read Story

Former Ariz. insurance agent indicted on 20 theft, diversion charges

A Tempe, Ariz., insurance agent, who along with his insurance agency had their Arizona insurance licenses revoked two years ago, has been indicted on 20 charges related to his alleged business operations.  Read Story

N.C. man’s ‘world-class ugly’ divorce leads to WedLock coverage

A North Carolina insurance company is banking on divorce, offering what it says is the first divorce insurance product, WedLock.  Read Story

Md. public adjuster fined $4,000 in Pa. for saying he was lawyer

A public adjuster from Glenwood, Md., was fined $4,000 by Pennsylvania insurance regulators for wrongly saying he was a lawyer in that state.  Read Story