Regional news: Maryland
Maryland insurance regulators stripped the license of a former Washington, D.C., agent who failed to return $50,000 in payments and $7,110 in commissions paid to him by Sun Life Financial.
Marc Malloy, Coventry Health Care of Delaware’s CEO for just over two years, is no longer in that position.
The Hanover Insurance Group has acquired a Vienna, Va.-based specialty insurance provider in what it calls “a significant commitment toward broadening our professional lines portfolio.”
Health benefit costs rose at a greater rate in Maryland and Washington, D.C., than in the nation in 2009, new research indicates.
A joint investigation by the fraud division of the Maryland Insurance Administration, Maryland State Police and the state attorney general’s office has led to grand jury indictments against a Poolesville, Md. couple.
UnitedHealthcare’s Golden Rule Insurance Co. has teamed with the National Association for the Self-Employed (NASE) to offer personal health insurance choices to its membership of entrepreneurs, micro-business owners and other self-employed businesspeople.
Derrick L. Davis was elected as the first African American chairman of the Maryland Auto Insurance Fund’s board of trustees.
When Stephen Perry came to the District of Columbia Department of Insurance, Securities and Banking in 2000, its fraud division saw five referrals all year, and none reached a courtroom.
Hartford Casualty Insurance Co. and Hartford Underwriters Insurance Co. had a request to vacate an order against them denied by the Maryland Insurance Administration.
With the impact of numerous budget cuts still being addressed and a $2 billion state budget deficit anticipated in the next fiscal year, Maryland legislators will spend more time on budget discussions than other legislative changes, including those affecting the insurance industry.
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