The California Insurance Department accused RiverSource Life Insurance Co. of unfair claims handling practices, including allegations that it developed practices designed to deny long-term care benefits to policyholders.

U.S. Risk Insurance Group, the eighth largest managing general agency and surplus line wholesaler in the nation, acquired American Special Risk Insurance Services to expand its California presence.

A life settlement company and its principal allegedly created a $4.5 million Ponzi scheme that authorities say enabled him to put $21,000 toward his school loans, buy more than $5,000 in cowboy boots and pay nearly $5,000 to register for a dating service.

Consumers can access the “best” insurance information from state insurance department websites in California, Georgia, Kansas, Ohio, Texas and Utah, while other states’ insurance regulatory websites must improve, according to consumer advocates.

California officials predict that Standard & Poor’s (S&P) recent downgrade on the credit rating of U.S. government securities will not affect life insurers’ dealings with their consumers in the state.

A Southern California couple is suing their insurance company for fraud after it allegedly retracted its agreement to pay for $350,000 in damages to their home, ruined by fungus.

A Winston-Salem, N.C.-based insurance company announced that its members now can buy homeowner’s and travel insurance, as well as other products, on its website.

The company operates in Maryland, Virginia and …  Read →

NORCAL Mutual Insurance Co., a San Francisco-based carrier that operates a Pennsylvania insurer, is buying with Medicus Insurance Co. to expand its reach nationally.

Two doctors and two others were charged in an Orange County grand jury indictment accusing them of participating in a $17 million workers’ compensation overbilling scheme.

A California contracting company’s owner was sentenced to four years in state prison, and told to pay $350,000 in restitution to individual workers and $850,000 to the California State Compensation Insurance Fund.