A pair of Iowa men were charged recently with trying to defraud insurers.
This report compiled by InsuranceNewsNet staff.
Staff Reports
The survey allows insurers to report on climate-related risks and opportunities that provide the Department with additional information to evaluate insurance company risks and activities.
CareFirst BlueCross BlueShield (CareFirst), a not-for-profit and the largest healthcare company in the mid-Atlantic region, announced it will make COVID-19 vaccinations a requirement for its workforce, Boards of Directors, and guests.
A new Michigan Department of Insurance and Financial Services agreement ensures unlimited Personal Injury Protection (PIP) medical coverage for uninsured vehicle occupants and pedestrians who were injured in auto accidents prior to the July 2, 2020 implementation of Michigan’s new auto insurance law.
New York Advisor Charged With Defrauding Clients Of $8 Million
Authorities say Martin Ruiz misappropriated more than $8 million of client funds, transferring those funds through a series of entities Ruiz also controlled, and spent the vast majority of the funds on personal expenses.
NY Reports 3.7% Health Insurance Rate Hike For Individual Market
The New York State Department of Financial Services reduced health insurers’ 2022 requested rates to a 3.7% hike, despite health care costs increasing to pre-pandemic levels.
Michigan regulators issued a final cease-and-desist order Wednesday against Cedar Hawk Title Company and its employees, Victoria Lansen and Tabria Josey, forbidding further violation of the Michigan Insurance Code.
LIMRA Sees A More Robust 2021 Life Insurance Sales Forecast
The government response to COVID-19, coupled with stronger economic conditions and unprecedented consumer interest in life insurance, have led LIMRA to improve its 2021 sales forecast.
Sharity Ministries, Inc., formerly Trinity Healthshare, Inc. has filed for bankruptcy and has ceased operating, Connecticut Insurance Commissioner Andrew N. Mais announced today.
California Charges 2 With 36 Counts Of Felony Insurance Fraud
California regulators have charged two people with 36 felony counts of insurance fraud and grand theft for collecting long-term health care benefits allegedly as a result of fraudulent claims.
Northwestern Mutual announced today a new $100-million impact investing fund to deliver on the company’s commitment to addressing inequality and the racial wealth gap in the U.S.
The amount of money that insurers expect to pay for the 2020 hurricanes continues to grow, albeit more slowly, as Louisiana gets further away from last year’s historic storm season.
The Idaho Department of Insurance (DOI) received preliminary health insurance premium rates from health insurance carriers for plans sold starting January 2022.
Iowa Insurance Producers Plead Guilty To Health Insurance Fraud
Insurance producers Jonathan Adam Schlue of Davenport, Iowa and Whitney Michelle Roth of Clinton, Iowa, were recently sentenced in Scott County District Court after pleading guilty to their parts in a healthcare insurance fraud scheme.
Brookfield Acquires American National Group In $5.1B Deal
Brookfield Asset Management Reinsurance Partners is acquiring American National Group in a $5.1 billion deal announced this morning.
Idaho Suspends Radio Host’s Producer License For String Of Violations
The insurance producer license of Daniel Van Patten, the host of Safe Money Radio Show and president of Assure Financial Service, was revoked effective July 27, 2021 by the Idaho Department of Insurance.
Earlier today, the United States sold the sole copy of the Wu-Tang Clan album “Once Upon a Time in Shaolin,” which had previously been ordered to be forfeited as a substitute asset in connection with the approximately $7.4 million forfeiture money judgment entered against Martin Shkreli at his March 2018 sentencing.
Based in Hartford, Conn., Saybrus Partners was formed in 2009 to bring its boutique model to institutions, delivering customized support, proactive consultation and transparent, centralized management for advisors and insurance agents.
First-Half 2021 Annuity Sales Up A Whopping 23%, Report Finds
Strong equity market gains and lower volatility, as well as rising interest rates all contributed to the remarkable rebound in the annuity market, officials said.
A Detroit man who sold counterfeit insurance documents through Facebook has pleaded guilty, say Michigan Attorney General Dana Nessel and Michigan Department of Insurance and Financial Services (DIFS) Director Anita Fox.
