Hartford Financial Services Group is selling all assets of its Hartford Life Private Placement unit to Philadelphia Financial Group Inc. for $117.5 million. Hartford Life Private Placement, based in Florham Park, N.J., provides insurance and wealth management services for consumers …
A newspaper’s analysis shows the most common complaints received by the Ohio Department of Insurance come from people who had health claims denied. The Columbus Dispatch reports the department got more than 3,100 complaints last year and in the first …
Ohio Lt. Governor and Department of Insurance Director Mary Taylor announced the successful completion of The Physicians’ Assurance Corp. (TPAC) liquidation proceeding. TPAC was ordered into liquidation on Aug. 18, 2009. The Ohio Department of Insurance worked with Ohio health …
A former Baton Rouge, La., man who once faked his death to elude authorities must remain in custody until more hearings in his case. The Advocate reports that Milton Windsor Harris appeared before U.S. Magistrate Christine Noland in Baton Rouge. …
Starr Companies has formed a Global Casualty Insurance Practice to provide underwriting for Starr’s general casualty insurance products. The new practice was designed to help continue a focused and consistent delivery of insurance around the world. Products will continue to …
Scores of Connecticut residents, including some state workers, might have requested and received federal emergency money to replace spoiled food and cover other expenses after Hurricane Irene even though their incomes clearly disqualified them, state officials said Sunday. Gov. Dannel …
Florida Chief Financial Officer Jeff Atwater has named Daniel Anderson to serve as the state’s lead insurance fraud investigator. Anderson will take over as the director of the state’s Division of Insurance Fraud, where he will oversee 155 sworn law …
A new survey finds that 70 percent of Floridians fear being assessed hundreds or thousands of dollars in “hurricane taxes” because the state’s Hurricane Catastrophe Fund may run out of money to pay insurance claims. The telephone survey of 805 …
Ernst & Young LLP has been sued for $900 million by the liquidators of a fund that once funneled money to the now-imprisoned swindler Bernard Madoff. The lawsuit, filed on behalf of M-Invest Ltd, accused Ernst & Young of negligence, …
After decades in relative obscurity, a U.S. legal doctrine that holds corporate officers liable for company wrongdoing is finding its way back into some high-profile healthcare prosecutions. The “responsible corporate officer” doctrine allows for prison terms of up to one …
