An executive at a Gainesville, Fla.-based insurer must repay his firm $600,000 and step down after an affiliate transaction between two businesses he owns.

MassMutual’s retirement division is set to open the second quarter of 2010 with its new engagement platform.

A New York-based subsidiary of holding company Trustmark Group has recently had its ratings assigned by A.M. Best.

AXA Equitable Life Insurance Co. and its affiliate MONY Life Insurance Co. of America launched IL Legacy II, an updated version of its original Incentive Life Legacy (IL Legacy) Series of variable universal life insurance.

A Marion, Ill., man was sentenced to five years in federal prison for scheming investors out of more than $750,000.

John Robert Hoole, 60, solicited money from investors by promising that …  Read →

Two Montana business owners and their companies are accused of committing securities fraud and conducting a $14 million Ponzi scheme involving at least 100 investors.

Monica Lindeen, Montana’s state auditor and …  Read →

A former insurance agent from Southern California will spend three years in prison for defrauding five senior citizens out of more than $300,000.

Mark Brashear, 48, pleaded guilty to two felony …  Read →

Stuart Hersch

The fuel that runs the life settlement market is money and in recent months, with economic turmoil in the U.S. and abroad, that fuel is lacking, an industry …  Read →

IWIF, Maryland’s largest provider of workers’ compensation insurance, is partnering with four minority-owned investment firms in response to a Maryland General Assembly mandate last year.

The firms – Brown Capital Management, …  Read →

A former Maineville, Ohio, insurance agent pleaded guilty charges related to defrauding at least 10 victims out of nearly $5 million by getting them to invest their inheritance proceeds.

William R. …  Read →