Virginia insurance agent loses license for fraud conviction
A Staunton, Va. contractor and insurance agent convicted of insurance fraud has lost his insurance license. The Daily News Leader reported that a Staunton Circuit Court judge gave Jeffrey T. Jennings,...
View ArticleVa. woman buys missing Renoir at flea market, insurer unknown
A Virginia woman has ignited the case of a long-ago stolen Renoir painting that has police stumped, and museum officials attempting to determine what insurance company might be the artifacts rightful...
View ArticleMarkel to buy specialty unit from OneBeacon
Richmond, Va.-based Markel Corp. has agreed to acquire a collectible insurance division from specialty insurer OneBeacon. OneBeacon’s Essentia Insurance underwrites exclusively for Hagerty Insurance...
View ArticleLawsuits mount, could tax pharmacy at center of meningitis outbreak
A specialty pharmacy at the center of a deadly meningitis outbreak may not have enough insurance to cover anticipated claims, according to attorneys. The Boston Globe reported that at least two...
View ArticleLife settlement bond seller gets 60-year sentence for $485M scam
The president of a Costa Rican company involved in a global $485 million life settlement fraud scheme was sentenced to 60 years in a Virginia federal prison, while his New Jersey counterpart awaits...
View ArticleStockholders approve $5B sale of Amerigroup to WellPoint
In an almost unanimous vote, Amerigroup shareholders approved the sale of Amerigroup Corp. to WellPoint Inc., in a deal valued at nearly $5 billion. Virginia-based Amerigroup would manage the combined...
View ArticleVa. public adjuster exams begin, $50k bond required
Pre-licensing exams, required to comply with Virginia’s new law regarding licensing of public adjusters, will be available beginning Nov. 1. All public adjusters conducting business in Virginia must be...
View ArticleInsured losses from Sandy could hit $20B, deductibles won’t apply
Primary insurers could have to pay more than expected as homeowner deductibles in most affected states won’t apply and loss estimates climb to $15 billion. Sandy came ashore on the New Jersey coast as...
View ArticleBluefield to Bluefield, Wells Fargo moves into Virginia
Wells Fargo Insurance Services is moving their Bluefield, W.Va. offices across the state line into Bluefield, Va. The lease in the West Virginia office expires at the end of the year for the...
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Bolling won’t seek bid for governor
Lt. Gov. Bill Bolling has suspended his campaign for the Republican party’s nomination for Virginia governor. Bill Bolling Bolling, who manages the Richmond office of Baltimore-based insurance broker...
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