New York, N.Y.-based life settlement broker sold A&O’s remaining life insurance portfolio for $4.84 million after the company filed for bankruptcy.

Two insurance companies were ordered to pay restitution and change their marketing methods after “deceptively” selling discount health plans as health insurance to Massachusetts consumers in a $2.4 million civil judgement.

The holding company for Ambac Assurance, the second-largest bond insurer prior to the financial crisis in 2008, has filed for Chapter 11 bankruptcy in Manhattan, N.Y.

Nearly 120 victims of a salmonella outbreak traced to one of the plants of a Lynchburg, Va.-based peanut company will split $12 million as part of a settlement with insurer The Hartford.

A New Jersey Superior Court has approved a $5.15 million distribution plan to investors defrauded by Newark, N.J., native Robert Brennan and his firm in a case dating back nearly 15 years.

Pittston, Pa.-based independent agency Joyce, Jackman & Bell is working with a state bankruptcy court to acquire troubled Murray Insurance Agency.

Agents with the Pennsylvania Attorney General’s Office raided the office of a Scranton, Pa., agency and the home of one of its former executives.