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Amid legal threats, failed Hartford insurer pivots toward liquidation

State regulators say PHL’s finances are too impaired for a traditional rescue, pointing instead to liquidation backed by guaranty funds as they weigh potential lawsuits. The court-appointed rehabilitator of troubled Hartford-based PHL Variable Insurance Co. has abandoned efforts to save the failed insurer through...

FDIC updates IDI resolution planning for large banks

The Federal Deposit Insurance Corporation announced plans to propose changes to insured depository institution resolution planning requirements, or IDI rule. The rule, including the expected proposed changes, apply to FDIC-insured depository institutions with $50 billion or more in total assets.In April 2025, the...

How to Avoid Health Insurance Scams This Open Enrollment Season

If you’re looking to get insurance from the Health Insurance Marketplace, you have until January 15th to sign up. But dishonest companies sometimes advertise comprehensive health insurance when it’s really a medical discount plan or a health plan with limited insurance benefits. And, sometimes, an insurance...

Vicki Gunvalson Announces Plans to Sell Coto Insurance Company

206 Credit: Instagram Real Housewives of Orange County fans are excited that Vicki Gunvalson is returning for season 20 of the show. Now, ahead of filming, she has confirmed that she’s selling her longtime insurance company, Coto. Plus, see how fans are responding to the...

Ogden man renewed lapsed insurance 10 minutes after crash, charges say

OGDEN — An Ogden man is facing a fraud charge accusing him of renewing his lapsed auto insurance policy minutes after he was involved in an accident to secure coverage for the mishap.Danny Elwood Royer, 54, was charged last week in 2nd District...