HealthMarkets, Inc. is a holding company, formerly known as UICI, with its headquarters in North Richland Hills, Texas. The company, launched in 2010, is one of the largest insurance agencies in the country. HealthMarkets, Inc. is owned by affiliates of a group of private equity investors, current and former members of management, and its independent sales agents through the company's stock plan. In 2013, HealthMarkets Insurance Agency became the new consumer brand for the company's insurance agency, Insphere Insurance Solutions, Inc., which is licensed as an insurance agency in all 50 states and the District of Columbia. Several lawsuits have been filled against HealthMarkets, Inc. and it has paid out millions of dollars in settlements.