Arch Insurance Co., the bonding company for Equity Homes, a Fairfax, Va.-based home builder, has agreed to pay $460,000 to settle consumer claims regarding deposits on new homes.

Health Net agreed to pay $250,000 to Connecticut to settle a case involving the May 2009 loss of a computer disk drive containing personal health information of up to 2 million health plan members.

Conseco Life Insurance Co. agreed to establish a $10 million fund and pay a $1 million “monetary assessment” to settle a multi-state complaint regarding its handling of policy increases for its Lifetrend product in 2008.

A National Football League player has settled a civil suit in which he alleged that a financial advisor he was introduced to by his agent put his money into unauthorized investments.

Connecticut-based The Hartford has received preliminary approval on a settlement to pay $72.5 million to resolve a class action suit accusing the firm of keeping millions in fees that should have been distributed to 21,000 accident victims.

Foremost Insurance Co. paid a $35,000 fine to Maryland insurance regulators to settle claims it improperly canceled more than 4,800 policies over a seven-year period.

A Missouri-based financial services firm will repurchase all of its retail clients’ auction rate securities, including $41 million in payouts this year, as part of a settlement agreement.

A Boston-based financial firm has reached a settlement with Montana regulators where it will pay $1.3 million to victims of a Ponzi scheme allegedly perpetrated by a former employee.

A pair of insurers have reached a settlement with life insurance policyholders and those with annuity policies lost through Bernard Madoff’s fraudulent Ponzi scheme.

Argus Group Holdings Ltd. and Tremont International …  Read →

At the request of the company, A.M. Best said it has withdrawn the ratings of the Senior Health Insurance Co. of Pennsylvania.

The ratings service announced it has affirmed the financial …  Read →