A Grand Forks, N.D., insurance agent is facing possible license revocation for allegedly making money by creating false insurance policy applications.

North Dakota Insurance Commissioner Adam Hamm fined two mutual insurance companies in the state for operating outside their approved territories.

A group of six states reached a $40 million “landmark” settlement today (April 23) with nine MetLife insurance companies that might return about $600 million to consumers nationwide.

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.