IFAwebnews » VA

Allstate seeking agency owners for Md., Va., D.C., Pa, Del., W.Va.

Bob Graham — Fri, 25 May 2012 09:56:31 +0000

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.

Allstate seeking agency owners for Md., Va., D.C., Pa, Del., W.Va. via IFAwebnews.

Virginia ends moratorium on Shenandoah Life policy payments

Bob Graham — Tue, 08 May 2012 15:59:20 +0000

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.

Virginia ends moratorium on Shenandoah Life policy payments via IFAwebnews.

Costa Rican man found guilty in $500 million life-settlement scheme

IFAwebnews Staff — Mon, 07 May 2012 00:49:53 +0000

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.

Costa Rican man found guilty in $500 million life-settlement scheme via IFAwebnews.

GEICO says new rate structure lowers Md. commercial auto rates

IFAwebnews Staff — Thu, 03 May 2012 21:37:21 +0000

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

GEICO says new rate structure lowers Md. commercial auto rates via IFAwebnews.

Va. insurer’s subsidiary continues ‘buy, build and hold’ growth plan

Jaime L. Brockway — Tue, 01 May 2012 16:11:38 +0000

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.

Va. insurer’s subsidiary continues ‘buy, build and hold’ growth plan via IFAwebnews.

Aetna to sell health plans to Costco members in Pa., Va., other states

IFAwebnews Staff — Mon, 30 Apr 2012 00:08:06 +0000

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

Aetna to sell health plans to Costco members in Pa., Va., other states via IFAwebnews.

Costa Rican company pleads guilty to $670M fraud scheme

Jaime L. Brockway — Wed, 25 Apr 2012 18:02:41 +0000

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.

Costa Rican company pleads guilty to $670M fraud scheme via IFAwebnews.

Va. man fined $5,000 by FINRA for improper borrowing from customer

Bob Graham — Tue, 17 Apr 2012 11:27:24 +0000

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.

Va. man fined $5,000 by FINRA for improper borrowing from customer via IFAwebnews.

Edelman Financial Group’s sale to Lee Equity being probed by law firm

Bob Graham — Mon, 16 Apr 2012 19:43:43 +0000

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.

Edelman Financial Group’s sale to Lee Equity being probed by law firm via IFAwebnews.

Virginia attorney general doubts survival of federal health reform

Jaime L. Brockway — Tue, 03 Apr 2012 17:04:33 +0000

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.

Virginia attorney general doubts survival of federal health reform via IFAwebnews.