Insurance and financial service professionals who prepare income tax returns for their clients could face increased regulation by the Internal Revenue Service.

The ousted founder and chairman of Presidential Life Corp. is calling an investigation into alleged self-dealing in his family’s charitable foundation a “diversionary tactic.”

An Annsville, N.Y., man says he was aiming for a turkey, not a private investigator following up on his workers’ compensation claim, before firing his shotgun earlier this year.

A correctional officer working as a bouncer while claiming an injury, a business owner underreporting his paid staff and a construction company using a forged insurance certificate were among those arrested and accused of fraud by New York’s largest workers’ compensation insurance carrier.

Questionable or suspicious property-casualty insurance claims, a byproduct of a bad economy, are on the rise, with about 13% more reported in the first half of this year than during the same period last year.

Investigators with the Pennsylvania Office of the Attorney General’s Insurance Fraud Division searched a Pittston, Pa., pharmacy owned by an ex-priest that is also the focus of a civil suit …  Read →

A Columbia, Md., man and Certified Financial Planner was publicly admonished for his involvement in a variable annuities case, according to the CFP Board, which administers the certification.

James R. Klima …  Read →

A Cockeysville, Md., man and Certified Financial Planner was recently publicly admonished for his actions in conjunction with the sale of Class B mutual fund shares, according to the CFP …  Read →

Investigations into complaints from more than 3,000 consumers and health care providers lead to the recovery of $14.2 million between October 2008 and March, according to New York Insurance Superintendent …  Read →

Noting the globalization of the insurance industry, New York Insurance Superintendent Eric Dinallo has signed an agreement with Macau to enhance cooperation among regulators.

Macau is one of two special administrative …  Read →