Rhode Island Attorney General Peter Neronha has filed objections to rate increases sought by Blue Cross Blue Shield of Rhode Island, Neighborhood Health Plan and other insurers that offer polices to state residents.
A crypto mining investment was nothing more than a twist on a Ponzi scheme, authorities say.
The COVID-19 pandemic forced agencies and companies alike to reassess employee benefits. As employers continue to face a hiring shortage, attracting talent will almost certainly be contingent upon being able to offer employee benefits that cover a full spectrum of needs.
Jason E. Adkins, 46, solicited victims from all over the country and world, authorities said.
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.
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.
Gov. Mike DeWine called the decision by the Biden administration "disappointing."
Two years ago, the U.S. Centers for Medicare and Medicaid Services under the Trump administration approved Ohio’s request to make the changes, which hadn’t been implemented due to the ongoing pandemic.
LIBOR is the primary benchmark for short-term and variable interest rates used to determine interest rates on a variety of financial instruments. Those include not only investments held by insurers, but existing annuity contracts as well.
Principal Financial Group is in transition after finding a buyer for its traditional insurance business.
Principal acquired the Institutional Retirement and Trust business in July 2019 to enhance its retirement and income capabilities, achieve greater scale and balance, and drive business growth, the company said in a news release.
The liquidation is saddling the state with an estimated $60 million to $65 million in unpaid claims and premium refunds, according to Florida Insurance Guarantee Association Executive Director Thomas Streukens.
Lawmakers are debating a $3.5 trillion budget proposal.
While insurance companies try limiting their losses, legislators try different proposals to support services outside overburdened and expensive institutional settings.
Fitch Ratings showed some optimism in its 2024 credit outlook for personal auto and life insurance.
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.
Retirement plan participants are worried about running out of money, losing income or not being able to afford medical expenses, according to an American Century survey.
This decrease is largely attributable to a spike in activity that occurred in July 2020 as the industry rebounded from the impact of the COVID-19 pandemic.
Former NFL ran a health insurance fraud scheme, authorities say.
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.
Plenty of employers are still unable to fill jobs.
The data shows Americans saved more of their money during the pandemic, largely because they could not spend it. But studies are showing that Americans might be changing their identity from consumers to savers.
Brookfield has a deal to acquire American National.
The measure would provide what Biden has called a “historic investment” in public works programs, from roads and bridges to broadband internet access, drinking water and more.