IFAwebnews » restitution

Raymond James’ units to pay $2.1 million over excessive commissions

Bob Graham — Thu, 29 Sep 2011 16:13:13 +0000

Raymond James & Associates and Raymond James Financial Services agreed to pay restitution of $1.69 million after the Financial Industry Regulatory Authority found it charged unfair and unreasonable commissions.

Raymond James’ units to pay $2.1 million over excessive commissions via IFAwebnews.

Calif. executive fined $1.2 million, jailed for workers’ comp. violations

Bob Graham — Mon, 27 Jun 2011 09:26:20 +0000

A California contracting company’s owner was sentenced to four years in state prison, and told to pay $350,000 in restitution to individual workers and $850,000 to the California State Compensation Insurance Fund.

Calif. executive fined $1.2 million, jailed for workers’ comp. violations via IFAwebnews.

Pennsylvania insurance agent’s license revoked, must pay $23,000

IFAwebnews Staff — Sun, 06 Feb 2011 17:55:20 +0000

An insurance agent had his license revoked for receiving commissions under the guise of financial planning and four other violations of Pennsylvania laws, according to the Pennsylvania Insurance Department.

Pennsylvania insurance agent’s license revoked, must pay $23,000 via IFAwebnews.

N.C. insurance fraud, other recoveries set record at $21 million

Bob Graham — Tue, 01 Feb 2011 10:14:18 +0000

North Carolina’s insurance commissioner says his office generated a record amount of monetary restitution and recoveries, doubling its recoveries from 2009.

N.C. insurance fraud, other recoveries set record at $21 million via IFAwebnews.

Wash. State insurer to pay $148,000 for violating prescription law

IFAwebnews Staff — Wed, 17 Nov 2010 11:49:22 +0000

Regence BlueShield, a Washington State health insurer, was ordered to pay $148,000 for improperly paying claims for the removal of intrauterine devices since 2001.

Wash. State insurer to pay $148,000 for violating prescription law via IFAwebnews.

Firm pays $66,600 in restitution after Va. finds it used wrong rates

Bob Graham — Tue, 08 Jun 2010 11:17:31 +0000

A Hartford, Conn.-based insurance company paid $66,684 in restitution after Virginia insurance regulators found the company was using improper rate information.

Firm pays $66,600 in restitution after Va. finds it used wrong rates via IFAwebnews.

Texas insurance agency returns $30,000 to clients for overcharges

Bob Graham — Tue, 01 Jun 2010 12:50:53 +0000

A Houston, Texas, insurance agency paid about $30,000 in restitution to surplus lines policyholders it was found by Maryland insurance regulators to have overcharged.

Texas insurance agency returns $30,000 to clients for overcharges via IFAwebnews.

Virginia Beach doctor sent to prison for $1.3 million fraud scheme

IFAwebnews Staff — Wed, 19 May 2010 14:44:45 +0000

A Virginia Beach, Va., cancer doctor was sentenced to five years and three months in federal prison for bilking Medicare and TRICARE out of $1.3 million for fraudulent billing of both services.

Virginia Beach doctor sent to prison for $1.3 million fraud scheme via IFAwebnews.

N.J. man allegedly conspired with aunt to defraud her car insurer

IFAwebnews Staff — Mon, 17 May 2010 12:34:28 +0000

A Cumberland County, N.J., man faces insurance fraud and other charges after allegedly conspiring to profit from setting fire to his aunt’s automobile.

N.J. man allegedly conspired with aunt to defraud her car insurer via IFAwebnews.

Calif. man to pay $1.3 million for underpaying workers’ comp. premiums

Keith L. Martin — Tue, 11 May 2010 12:10:50 +0000

A Diamond Bar, Calif., man who underreported the number of employees at his nurse staffing agency, thus resulting in the underpayment of workers’ compensation coverage, will now pay $1.3 million to the state.

Calif. man to pay $1.3 million for underpaying workers’ comp. premiums via IFAwebnews.