Midwest
Ohio insurance agent owes $111,639 to IRS for failing to pay taxes
A Mansfield, Ohio, insurance agent pleaded guilty to willfully failing to file an income tax return with the IRS for 10 years, the agency and the U.S. Justice Department reported.
CFP Board to publicize bankruptcy cases, ease application process
The Certified Financial Planner (CFP) Board of Standards decreased the amount of experienced needed to become a CFP professional and made bankruptcy cases available to the public, among other disciplinary changes.
Kemper Corp., a Chicago, Ill.-based personal and commercial auto insurance provider, is changing the name of its Unitrin Specialty business to Kemper Specialty.
Pennsylvania imposes conditions on Harleysville, Nationwide merger
The Pennsylvania Insurance Department approved the merger of Harleysville Mutual and Nationwide Mutual insurance companies with conditions designed to protect the Harleysville brand and its Pennsylvania operations for several years.
Ray Flachbart, CEO of Blue Cross of Idaho, to retire in 2013
Ray Flachbart, the head of Blue Cross of Idaho for the last 10 years, announced his retirement from the position, effective in March 2013.
LPL Financial’s RIA Platform hits $25 billion mark in three years
LPL Financial, the nation’s largest independent broker-dealer, said its RIA Platform, its 3 year old custody unit, has exceeded $25 billion in total assets under custody.
A former executive for Blue Cross Blue Shield of Montana sued the company after claiming she was fired for reporting alleged illegal rebate activity potentially leading to discriminatory pricing of premiums.
SunAmerica Financial Group is restructuring its life insurance and retirement services divisions as it seizes “a unique time for opportunity, change and growth.”
A Tampa, Fla.-based managed care services provider will pay $137.5 million to the federal government and nine states to settle four lawsuits accusing the company of violating the federal False Claims Act.
A Pennsylvania-based employee benefits administrator were sold a national insurance company as part of the latter company’s efforts to respond to health reform.

Federal health reform would add 10,000 jobs, $4.4 billion to Calif.
Lautenberg, Rubio want to cap TRICARE fees for military retirees
Health care cost at all-time high, despite lower rate of increase

Life insurers sell shares in British tech firm to Pa. company
FINRA estimate for IA SROs excludes monetary, administrative details
Most insurance agencies seeing better results than last year

Pa. broker adds $181,000 commission to $2.1M false insurance invoice
A.M. Best rates Pa.-based insurer’s outlook ‘negative’
With five-year plan stuck, House passes new short-term NFIP extension


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