IFAwebnews » ND

N.D. insurance agent accused of creating policies to pad commissions

Bob Graham — Fri, 18 May 2012 09:25:28 +0000

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

N.D. insurance agent accused of creating policies to pad commissions via IFAwebnews.

Two N.D. mutual insurers fined $10,000 for violating territory laws

IFAwebnews Staff — Sun, 29 Apr 2012 23:11:19 +0000

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

Two N.D. mutual insurers fined $10,000 for violating territory laws via IFAwebnews.

MetLife to pay $600 million to consumers in ‘landmark’ settlement

Jaime L. Brockway — Mon, 23 Apr 2012 21:40:09 +0000

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.

MetLife to pay $600 million to consumers in ‘landmark’ settlement via IFAwebnews.

N.D. insurance agent must pay $1.7 million for diverting premiums

Bob Graham — Thu, 19 Jan 2012 19:52:53 +0000

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.

N.D. insurance agent must pay $1.7 million for diverting premiums via IFAwebnews.

States make Prudential alter its unclaimed life insurance practices

Bob Graham — Tue, 17 Jan 2012 13:13:06 +0000

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.

States make Prudential alter its unclaimed life insurance practices via IFAwebnews.

N.D. insurance agent allegedly pockets premiums, accepts unlawful loan

Jaime L. Brockway — Tue, 20 Dec 2011 13:43:28 +0000

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.

N.D. insurance agent allegedly pockets premiums, accepts unlawful loan via IFAwebnews.

N.D. agent’s insurance license revoked over alleged misappropriation

Bob Graham — Fri, 09 Sep 2011 11:40:00 +0000

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.

N.D. agent’s insurance license revoked over alleged misappropriation via IFAwebnews.

N.D. insurance agent admits to stealing $800,000 from insurers

IFAwebnews Staff — Fri, 26 Aug 2011 19:46:20 +0000

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

N.D. insurance agent admits to stealing $800,000 from insurers via IFAwebnews.

Company offers LTC insurance to high-risk, high-need consumers

Jaime L. Brockway — Wed, 27 Jul 2011 04:39:27 +0000

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.

Company offers LTC insurance to high-risk, high-need consumers via IFAwebnews.

HHS says up to 40% of health reform’s co-op loans could default

Bob Graham — Thu, 21 Jul 2011 12:09:22 +0000

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.

HHS says up to 40% of health reform’s co-op loans could default via IFAwebnews.