A family-run insurance brokerage in Long Island, N.Y. is accused in a civil suit of defrauding hundreds of charities by operating an alleged kickback scheme for 21 years.

Raymond James & Associates and Raymond James Financial Services agreed to pay restitution of $1.69 million after the Financial Industry Regulatory Authority found it charged unfair and unreasonable commissions.

A Blandon, Pa., man who pleaded guilty to insurance fraud has had his Pennsylvania insurance license revoked.

AXA Advisors is accused in a proposed class-action suit filed in New York of overworking thousands of employees without proper compensation.

Increased “cost pressures” facing health insurers could mean that an effort to free insurance agent and broker commissions from the grip of the federal health reform law might not lead to restored payments.

“Using health agents and brokers differently” might encourage people to enroll in health insurance, if the controversial individual mandate included in the federal health reform law were eliminated, according to a new government report exploring health exchanges.

Aetna is hoping its approach to insurance agent and broker commissions in response to changes under the federal health reform law will prove successful.

A LaGrange, N.C., was charged with selling insurance to people in one county in North Carolina for two years using an other agent’s name and insurance identification number.

An insurance agent in Florida is facing fraud charges and the possible seizure of nearly $1 million in commissions authorities say he illegally collected from the alleged illegal sale of up to $32 million in unregistered securities in the Tampa Bay area.

Participants, mostly agents, in the latest IFAwebnews.com poll – to no one’s surprise – say federal health officials should exempt insurance agent and broker commissions from medical loss ratio calculations.