Regional news: Midwest
N.D. insurance agent accused of creating policies to pad commissions
A Grand Forks, N.D., insurance agent is facing possible license revocation for allegedly making money by creating false insurance policy applications.
Homeowners’ insurance policy premiums, on average, rose 19% between January and December 2011, according to the 2011 HomeInsurance.com RateReport.
Arthur J. Gallagher & Co. acquired Schiff, Kreidler-Shell Insurance and Risk Services, a retail insurance broker based in Cincinnati, Ohio.
A non-insurance subsidiary of Markel Corp. acquired a majority interest in a manufacturer of wood for truck assembly that continues its plan to invest in and help grow businesses in niche markets.
Aetna to sell health plans to Costco members in Pa., Va., other states
National health insurer Aetna will offer individual health insurance to Costco members in nine states, including Pennsylvania and Virginia.
Hartford Financial Services Group struck a deal with Forethought Financial Group, a privately held financial services company, to sell its its individual annuity operations.
Two N.D. mutual insurers fined $10,000 for violating territory laws
North Dakota Insurance Commissioner Adam Hamm fined two mutual insurance companies in the state for operating outside their approved territories.
A group of six states reached a $40 million “landmark” settlement today (April 23) with nine MetLife insurance companies that might return about $600 million to consumers nationwide.
Insurers see some earnings blown away by 2011 tornado season
Net losses from catastrophes last year hurt property-casualty insurers’ earnings last year, but they still remained profitable, according to a new analysis.
Ill. insurance agent who lost license charged in alleged fraud scheme
A former insurance broker of Belleville, Ill., accused of pocketing at least two women’s premiums may have stolen from other victims, authorities say.
Federal health exchange officials too busy to worry about Supreme Court
Federal health reform would add 100,000 jobs, $4.4 billion to Calif.
Lautenberg, Rubio want to cap TRICARE fees for military retirees
Combination life insurance product sales rise at ‘remarkable rate’
Pa. men charged in multi-state, ‘elaborate financial fraud scheme’
Small business worries about its role in retirement planning
Senate passes ‘Band-Aid’ bill to extend NFIP 60 days; House must act
Allstate seeking agency owners for Md., Va., D.C., Pa, Del., W.Va.
Wharton School establishes new risk and insurance program
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