AXA Equitable Life Insurance Co. paid a $1.9 million fine for violating New York’s insurance laws between 2001 and 2006, regulators said.

Blue Cross & Blue Shield of Rhode Island will pay $1.8 million in restitution and a record fine of $325,000 through an agreement with state regulators over how it “misinterpreted” the way health status should be calculated.

Two units of national insurer Aetna paid a combined fine of $624,000 for violations of Colorado’s insurance laws regulators say impacted consumers.

Optima Health Plan paid a $24,000 fine to Virginia insurance regulators after being found in a market conduct examination to have violated a number of state laws.

A market conduct examination of Direct General Insurance Co., which operates seven offices in Virginia, by regulators in the commonwealth found numerous violations, leading to the company paying $54,000 in …  Read →

Connecticut regulators have imposed a $74,500 fine on Harleysville Mutual Insurance Co. after a number of violations found in a market conduct exam, including 39 individuals acting as producers for …  Read →

Bankers Independent Insurance Co. paid a $26,000 fine and agreed to return money to 98 of its policyholders after Virginia regulators found violations of its laws during a routine market …  Read →

A New York-based insurance company, Greater New York Mutual Insurance Co., will pay $45,000 for violating Connecticut state insurance laws, including those regarding rebates and premiums.

The fine comes after a …  Read →

West Virginia’s BrickStreet Mutual Insurance Co. has been ordered to refund $18.1 million to more than 6,000 policyholders following a market conduct examination by state regulators.

The state’s insurance commissioner, Jane …  Read →