A report expected from the Federal Insurance Office later this month, addressing how to modernize and improve insurance regulation, could significantly affect the insurance industry, according to an industry regulatory expert.

New Jersey’s insurance commissioner, Tom Considine, is expected to resign his office next month in preparation for a return to the private sector.

The association representing state insurance commissioners released a draft framework providing guidance for evaluating the reserves of universal life with secondary guarantee and term universal life products.

The U.S. Securities and Exchange Commission issued two alerts pointing out risks investors and advisory firms face when using social media like LinkedIn and Facebook.

The U.S. Securities and Exchange Commission accused an Illinois-based investment advisor with offering to sell fictitious securities on LinkedIn, the social networking site.

Federal securities regulators say a Texas-based life-settlement firm and three of its senior executives “systematically and materially underestimated the life expectancy estimates,” which in turn caused its shareholders to be “duped.”

No law in Virginia requires drivers to carry proof of insurance, yet motorists are being charged and convicted of the offense.

GEICO was fined $100,000 by Washington State officials and ordered to refund about $7.5 million in overcharges to thousands of its customers in the state.

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.

A New York investigation into life insurers failing to match life insurance policies against master files of deaths has resulted in more than $52.6 million in payments to 7,934 beneficiaries.