IFAwebnews » BOI

Former Virginia insurance commissioner Al Gross dies

Bob Graham — Fri, 29 Jul 2011 14:50:33 +0000

Alfred W. Gross, one of the longest serving insurance commissioners in the U.S., died this week, less than seven months after he gave up his post has Virginia's insurance regulator.

Former Virginia insurance commissioner Al Gross dies via IFAwebnews.

United Prosperity finalizes deal to buy troubled Shenandoah Life

Bob Graham — Fri, 06 May 2011 14:02:08 +0000

United Prosperity Life Insurance Co. has signed an definitive agreement to buy Shenandoah Life Insurance Co., a Roanoke, Va.-based insurer that has been in receivership over financial concerns since February 2009.

United Prosperity finalizes deal to buy troubled Shenandoah Life via IFAwebnews.

Life insurer wants states to ease insurance agent licensing exams

IFAwebnews Staff — Tue, 26 Apr 2011 15:03:50 +0000

The company with the largest life insurance sales force in the U.S. says the licensing test for insurance agents is too tough so it is asking state regulators to ease the test.

Life insurer wants states to ease insurance agent licensing exams via IFAwebnews.

Majority in Va. private insurance market could use health exchange

Bob Graham — Mon, 27 Dec 2010 03:51:34 +0000

About 2.6 million people in Virginia private insurance market will be eligible for the state's health insurance exchanges, according to a new state report, which called the current insurance state insurance market “unsustainable.”

Majority in Va. private insurance market could use health exchange via IFAwebnews.

Va. insurance commissioner urges preparation for hurricane season

IFAwebnews Staff — Fri, 21 May 2010 12:13:33 +0000

With hurricane season approaching, Virginia’s insurance commissioner is urging state residents to talk to their insurance agents and providers about coverage options, including the National Flood Insurance Program (NFIP).

Va. insurance commissioner urges preparation for hurricane season via IFAwebnews.

Virginia regulators reinstate N.Y. agent’s license, blaming NIPR error

Bob Graham — Wed, 28 Apr 2010 12:35:19 +0000

A New York insurance agent had his license reinstated in Virginia after regulators in that state found that a national licensing system failed to properly forward information he submitted about an administrative action.

Virginia regulators reinstate N.Y. agent’s license, blaming NIPR error via IFAwebnews.

Va. families say insurers deceiving customers about autism coverage

IFAwebnews Staff — Fri, 23 Apr 2010 12:40:09 +0000

A group of parents is seeking the help of the Virginia State Corporation Commission’s Bureau of Insurance to make clear what insurers must cover for autistic children.

Va. families say insurers deceiving customers about autism coverage via IFAwebnews.

Third time nets S. Carolina insurer $120,000 fine from Va. regulators

Bob Graham — Thu, 22 Apr 2010 12:34:07 +0000

An insurance company has been fined $120,000 by Virginia regulators for using policy paperwork or endorsements prior to their approval.

Third time nets S. Carolina insurer $120,000 fine from Va. regulators via IFAwebnews.

Guardian Life pays $62,500 fine after Virginia review

IFAwebnews Staff — Wed, 14 Apr 2010 12:47:07 +0000

The Guardian Life Insurance Co. of America was ordered to pay $62,000 in fines after a market conduct examination in Virginia found violations, including improper handling of claims.

Guardian Life pays $62,500 fine after Virginia review via IFAwebnews.

Virginia warns residents affected by NFIP’s temporary loss of funding

IFAwebnews Staff — Tue, 06 Apr 2010 12:46:28 +0000

Virginia insurance regulators say consumers with existing National Flood Insurance Program policies are covered, even though the program lost its federal funding March 28.

Virginia warns residents affected by NFIP’s temporary loss of funding via IFAwebnews.