A federal jury in Virginia convicted a former Costa Rican insurance executive on Monday of all counts in a $485 million fraud scheme in which he was accused of lying to clients and investors about the financial stability of his …
The Massachusetts Division of Insurance (DOI) said this week that it is placing on file small-group health insurance base rates for the 2012 third quarter, with an average increase of just 1.2 percent. Fueled by base rate decreases filed by …
A long-running dispute over how a nonprofit organization manages health insurance for 80,000 state workers and retirees in New Hampshire communities is finally up for a hearing. The Local Government Center, which provides services and programs for local governments, also …
Spurred by major storms that had left millions of New Englanders without power last year, a Senate committee is questioning what can be done at the federal level to better prepare for and respond to natural disasters. New Hampshire Sen. …
Aon Risk Solutions, the global risk management business of Aon plc, recently hired industry veteran Kathy Jacobson as senior vice president for the Washington, D.C., office.Jacobson will provide errors and omissions expertise while managing and developing new business opportunities in …
One of the biggest stories in Toms River, N.J., in recent weeks involved an alleged haunted house in the neighborhood. According to local reports, Michele Callan and her fiance Josue Chinchilla had moved into a home in Toms River in …
A.M. Best Co. has downgraded the financial strength rating to ‘C+’ (Marginal) from ‘C++’ (Marginal) and issuer credit rating to “b-” from “b” of Baltimore-based Interstate Auto Insurance Company, Inc., and has assigned a negative outlook to both ratings. The …
The McGowan Companies (McGowan), based in Fairview Park, Ohio, purchased the assets of Allied Insurance Brokers Inc. (Allied). Allied, which is headquartered in Marriottsville, Md., will begin operating under the “McGowan Program Administrators” brand, effective immediately. Founded in 1996, Allied …
A new report says 58 Massachusetts workers were killed on the job in 2011, at an average of 1.1 worker death each week. The report, titled “Dying for Work in Massachusetts,” was published last week by the Massachusetts AFL-CIO and …
New York regulators said two former insurance agents who pled guilty to swindling $400,000 from elderly clients by fraudulently changing beneficiary information on annuity contracts have been sentenced to jail time and restitution. Had investigators not stopped the scheme, the …
