A Towson, Md.-based insurance company had its license to sell insurance in Washington, D.C., revoked for failing to pay $7,500 in outstanding premium taxes.

Maryland insurance regulators stripped the license of a former Washington, D.C., agent who failed to return $50,000 in payments and $7,110 in commissions paid to him by Sun Life Financial.

Citing its privately held parent company’s “lack of financial flexibility,” A.M. Best has downgraded the ratings of Wayne, Pa.-based Regis Insurance Co.

The Hanover Insurance Group has acquired a Vienna, Va.-based specialty insurance provider in what it calls “a significant commitment toward broadening our professional lines portfolio.”

Health benefit costs rose at a greater rate in Maryland and Washington, D.C., than in the nation in 2009, new research indicates.

When Stephen Perry came to the District of Columbia Department of Insurance, Securities and Banking in 2000, its fraud division saw five referrals all year, and none reached a courtroom.