IFAwebnews » DC

District pulls insurer’s license for non-payment of taxes

IFAwebnews Staff — Fri, 22 Jan 2010 14:00:44 +0000

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.

District pulls insurer’s license for non-payment of taxes via IFAwebnews.

Agent loses license in Maryland after not returning funds, commission

Bob Graham — Thu, 21 Jan 2010 14:00:40 +0000

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.

Agent loses license in Maryland after not returning funds, commission via IFAwebnews.

Parent company’s financial status drops rating of Pa.-based insurer

IFAwebnews Staff — Wed, 20 Jan 2010 14:00:32 +0000

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.

Parent company’s financial status drops rating of Pa.-based insurer via IFAwebnews.

Hanover Insurance Group acquires Vienna-based specialty insurer

Keith L. Martin — Tue, 19 Jan 2010 14:05:30 +0000

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.”

Hanover Insurance Group acquires Vienna-based specialty insurer via IFAwebnews.

Maryland, D.C. health costs rising faster than nation’s

Bob Graham — Tue, 19 Jan 2010 14:00:35 +0000

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

Maryland, D.C. health costs rising faster than nation’s via IFAwebnews.

New focus spurs rise in District of Columbia insurance fraud referrals

Keith L. Martin — Wed, 13 Jan 2010 14:19:23 +0000

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.

New focus spurs rise in District of Columbia insurance fraud referrals via IFAwebnews.