A Puerto Rican group denounced State Farm Insurance for using former Indiana Hoosier basketball coach Bobby Knight in its TV advertisements appearing during NCAA March Madness men’s college basketball tournament games.

In an effort to streamline the process of reporting possible fraud in a filed claim while also saving state insurance departments time and money, three national insurance groups are pooling resources.

A fraudulent scheme that resulted in AFLAC paying out more than $800,000 in claims has resulted in a pair of federal grand jury indictments against two doctors and 101 individuals living in Puerto Rico.

The West Virginia Insurance Department and Nebraska Department of Insurance have joined the National Association of Insurance Commissioners’ combined regulatory product, State Based Systems, leading the group’s president to suggest state regulators are coming together more.

Missouri has become the 36th member state of the Interstate Insurance Product Regulation Compact, a central point, created by state insurance regulators, for electronic filing for certain insurance products, including …  Read →

A Florida-based life settlement firm is offering a program to buy term life policies.

“We have encountered a unique fund that can purchase term policies meeting specific criteria,” said Scott Kirby, …  Read →