The largest specialty insurance brokerage in the U.S. acquired a New York-based 401(k) investment and advisory firm, seeking to expand its presence in the Northeast.

A total of 19 states and Washington, D.C., reached an agreement with The Prudential Group, one of the largest life insurance companies in the U.S., in a case involving its unclaimed property practices.

An Ashburnham, Mass., man pleaded guilty Jan. 3 to fraudulently collecting about $28,000 on two unemployment benefit claims while working for a construction company.

LPL Financial, the nation’s largest independent broker-dealer, plans to acquire Fortigent, a Rockville, Md.-based provider of high-net-worth solutions and consulting services to RIAs, banks, and trust companies.

A Boston, Mass.-based insurance brokerage and risk management firm acquired its second independent insurance agency this year as part of its growth strategy in the Boston area.

Sun Life Financial, based in Wellesley, Mass., announced it will market its stop-loss insurance through Cigna Payer Solutions, a network connecting third-party administrators with health care providers.

A Boston, Mass., insurance broker agreed, without admitting wrongdoing, to pay a $1.7 million settlement to resolve allegations that it overcharged a client more than $2 million by concealing fees and commissions.

Marsh & McLennan Agency, a subsidiary of insurance broker Marsh Inc., acquired the employee benefits division of a Marlborough, Mass.-based agency, adding about $600,000 in annual revenue to its middle-market operations.

Insurers must be quick and fair throughout the claims process, communicating more with customers, to improve people’s satisfaction when making an auto insurance claim, a new study says.

A health insurer was banned from operating in Rhode Island for three years and ordered to pay more than $2.3 million in restitution after allegedly engaging in illegal underwriting practices.