A San Diego, Calif.-based holding company has bought a managing general insurance agency and a private auto insurance company as it seeks to expand its national footprint.
Conseco Life Insurance Co. agreed to establish a $10 million fund and pay a $1 million “monetary assessment” to settle a multi-state complaint regarding its handling of policy increases for its Lifetrend product in 2008.
Infinity Surety, a Saginaw, Texas-based surety insurance provider, was ordered to stop selling bonds in Florida they were not authorized to transact the business in the state, according to state records.
State Farm has reached an agreement to continue offering homeowners’ policies in Florida, after what the state’s top insurance regulator called “a long and arduous negotiation process.”
An administrative law judge in Florida has thrown out a Pennsylvania-based life settlement firm’s request to prevent state regulators from reviewing its records.
Claiming an offer by a fellow Florida property-casualty insurer “substantially undervalues” its assets and earnings potential, 21st Century Holding Co. has rejected a proposal for a merger that could have netted a reported $42.5 million.
As an insurance agent for the past 15 years, I have never been more satisfied with my job of helping our seniors maneuver through the enrollment process of Medicare.