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.

Infinity Surety, a Saginaw, Texas-based surety insurance provider, was ordered to stop selling bonds in Florida they were not authorized to transact the business in the state, according to state records.

Maryland insurance regulators fined a Louisville, Ky.-based insurance company $40,000 for overcharging 50 of its policyholders a total of nearly $292,000.

The head of a former Monticello, N.Y., insurance company was sentenced to 10 years and one month in federal prison for selling $545 million in fraudulent security bonds and stealing …  Read →