A Minot, N.D., insurance agent, Alan R. Henning, 58, was sentenced to four years and three months in federal prison for his role in diverting incoming insurance premiums to individuals in five countries.

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.

A Bismarck, N.D., insurance agent and his agency were served a cease and desist order Dec. 15 for allegedly borrowing money from a client and misappropriating another client’s premium payments for personal use.

North Dakota has revoked the insurance license of Jeffrey David Neppl, a Fargo, N.D., agent who allegedly misappropriated a client’s funds for his own personal use.

An insurance agent from North Dakota admitted in court that he defrauded insurance companies of more than $800,000.

A Souderton, Pa.-based insurance company introduced product solutions designed to cover those who have been or who otherwise would be turned down for long-term care insurance.

More than one-third of the nearly $4 billion in loans the federal government plans to issue for the development of non-profit health insurance co-ops could end in default.

Denver-based registered investment advisor Curian Capital has added new sales staff in eight new territories, including South Jersey, Northwest North Carolina and Washington, D.C.

A federal appeals court in Atlanta, where 26 states will argue against the U.S. Government, is the next stop in the ongoing legal battle over federal health reform.

California’s state controller says a multi-state settlement with John Hancock over its handling of state unclaimed property laws with its life insurance and annuity policies “will not be the last” for life insurers.