Allstate Insurance Co. is looking for an additional 56 people to own insurance agencies in the mid-Atlantic region, where it plans to market itself more actively.

The three-year moratorium on payments to policyholders of Shenandoah Life Insurance Co. has come to an end with the insurer’s sale, Virginia insurance regulators say.

A federal jury in Richmond, Va., found the president of a Costa Rican company that sold reinsurance bonds to life settlement companies guilty of carrying out a $500 million fraud scheme that affected more than 2,000 victims throughout the United States and abroad.

GEICO is offering new, lower commercial auto rates in Maryland after implementing a new rating structure in the state implemented last year.

A non-insurance subsidiary of Markel Corp. acquired a majority interest in a manufacturer of wood for truck assembly that continues its plan to invest in and help grow businesses in niche markets.

National health insurer Aetna will offer individual health insurance to Costco members in nine states, including Pennsylvania and Virginia.

A Costa Rican insurance company pleaded guilty April 20 in federal court in Richmond, Va., to a $670 million insurance fraud scheme, while its majority owner’s trial began this week.

A financial professional from Portsmouth, Va., was recently fined $5,000 and suspended from FINRA for six month after borrowing money from a customer, according to FINRA records.

A securities law firm is investigating the going-private transaction involving The Edelman Financial Group, a national wealth management firm, and its leadership, including Ric Edelman, for a possible breach of fiduciary duty in its sale to a private equity firm.

Virginia Attorney General Ken Cuccinelli says that U.S. Supreme Court arguments about the federal health reform law show him that two major provisions of the reform may be cut, thereby making a new law necessary.