IFAwebnews » NJ

Pa. men charged in multi-state, ‘elaborate financial fraud scheme’

Bob Graham — Wed, 23 May 2012 02:32:49 +0000

Four Philadelphia-area men were accused of operating “an elaborate financial fraud scheme,” targeting more than 215 senior citizens in Pennsylvania and stealing more than $700,000.

Pa. men charged in multi-state, ‘elaborate financial fraud scheme’ via IFAwebnews.

Lautenberg, Rubio want to cap TRICARE fees for military retirees

Bob Graham — Mon, 21 May 2012 12:27:23 +0000

Two U.S. senators introduced a bill that seeks to “place reasonable and affordable caps” on health insurance fees, deductibles and pharmacy co-payments for retirees from the military as federal officials plan to start shifting more costs to them.

Lautenberg, Rubio want to cap TRICARE fees for military retirees via IFAwebnews.

Woman sentenced for stealing checking account data from N.J. insurer

IFAwebnews Staff — Tue, 15 May 2012 01:19:25 +0000

A New Jersey woman was sentenced to county jail for 30 days for her role in creating and negotiating counterfeit checks using an insurance agency's account information.

Woman sentenced for stealing checking account data from N.J. insurer via IFAwebnews.

Costa Rican man found guilty in $500 million life-settlement scheme

IFAwebnews Staff — Mon, 07 May 2012 00:49:53 +0000

A federal jury in Richmond, Va., found the president of a Costa Rican company that sold reinsurance bonds to life settlement companies guilty of carrying out a $500 million fraud scheme that affected more than 2,000 victims throughout the United States and abroad.

Costa Rican man found guilty in $500 million life-settlement scheme via IFAwebnews.

Balto. insurance broker admits defrauding city with wellness program

Jaime L. Brockway — Fri, 27 Apr 2012 13:49:50 +0000

A Baltimore, Md., insurance broker pleaded guilty this month to stealing about $2.6 million from a New Jersey city school district and $216,495 from the city for a non-existent wellness program.

Balto. insurance broker admits defrauding city with wellness program via IFAwebnews.

N.J. insurance agent indicted for allegedly taking $148,700 in premiums

Bob Graham — Mon, 23 Apr 2012 21:24:45 +0000

An insurance agent for Larsen Global Marine in New Jersey was indicted for allegedly failing to remit insurance premiums she collected.

N.J. insurance agent indicted for allegedly taking $148,700 in premiums via IFAwebnews.

Pennsylvania imposes conditions on Harleysville, Nationwide merger

Bob Graham — Tue, 17 Apr 2012 11:50:59 +0000

The Pennsylvania Insurance Department approved the merger of Harleysville Mutual and Nationwide Mutual insurance companies with conditions designed to protect the Harleysville brand and its Pennsylvania operations for several years.

Pennsylvania imposes conditions on Harleysville, Nationwide merger via IFAwebnews.

Ray Flachbart, CEO of Blue Cross of Idaho, to retire in 2013

Bob Graham — Tue, 17 Apr 2012 11:18:00 +0000

Ray Flachbart, the head of Blue Cross of Idaho for the last 10 years, announced his retirement from the position, effective in March 2013.

Ray Flachbart, CEO of Blue Cross of Idaho, to retire in 2013 via IFAwebnews.

Symetra, Crump Life team up on life insurance, annuity sales

IFAwebnews Staff — Thu, 12 Apr 2012 15:16:01 +0000

Symetra Investment Services has formed a strategic partnership with Crump Life Insurance for the sale of life insurance and annuities.

Symetra, Crump Life team up on life insurance, annuity sales via IFAwebnews.

N.J. insurer sued for $3.5M over New York sewer plant wall collapse

IFAwebnews Staff — Thu, 05 Apr 2012 16:03:58 +0000

Owners of a New York sewer plant have sued the insurance company in federal court for more than $3.5 million over its denial of coverage for a wall collapse last year.

N.J. insurer sued for $3.5M over New York sewer plant wall collapse via IFAwebnews.