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Audit detects unemployment fraud

October 28, 2022

Iowa Workforce Development issued the payments because agency officials were not using or checking systems designed to detect fraud, according to the review State Auditor Rob Sand released Tuesday. Perhaps more than any other government agency, Iowa Workforce Development was inundated during those months as hundreds of thousands of workers lost their…

Former pastor wants out of prison in Indiana securities fraud case

October 28, 2022

Oct. 28— A former Sullivan County pastor serving 54 years in prison on securities fraud after leading a massive Ponzi scheme is seeking to have his conviction and prison sentence set aside. On Thursday, his petition was heard in Sullivan County before Greene County Superior Court Judge Dena Martin, who is serving as special judge in the case.

Obama-era watchdog agency's independence in peril

October 28, 2022

If the conservative-majority justices sustain the ruling, the CFPB may be unable to enforce financial rules or crack down on fraud without Congress stepping in to fund it. McHenry would lead efforts to revamp the CFPB if the GOP takes control of the House in the upcoming midterm elections. "Bringing the CFPB under the appropriations process would make it more…

What Georgia residents need to know about flood insurance prices and why they need it

October 28, 2022

Savannah's storm history: A look back at a century of near misses from hurricanes. 'Give or take 490 years, as Ian showed in ravaging Florida. *Savannah's storm history: A look back at a century of near misses from hurricanes.

DeSantis lauds his record as Crist blasts it in Florida governor’s race

October 28, 2022

The campaign for governor in Florida is all about Ron DeSantis’ record. His opponent, former Democratic U.S. Rep. The candidates offer a clear choice to voters, said Susan MacManus, a professor emerita of political science at the University of South Florida.

Iowa father, daughter indicted for tax fraud violations

October 28, 2022

DES MOINES— A federal grand jury in Des Moines returned an indictment on Oct. 18 charging an Ottumwa man and woman with 60 fraud and tax charges. As alleged in the indictment, 47- year-old Thein Maung, and his 20- year-old daughter Phyo Mi conspired to defraud the Internal Revenue Service by preparing and filing hundreds of fraudulent tax returns.

Do you recall April 2002, when mortgage rates were last 7%?

October 28, 2022

Buzz: Mortgage rates just passed 7%, a first since April 2002, as the Federal Reserve continues to wage war on sky-high inflation. Source: The average 30- year fixed-rate mortgage comes from a weekly survey of lenders by Freddie Mac. Let's jog your memory back to April 2002….

Property insurance company cancels Florida couple's policy night before Hurricane Ian hit

October 28, 2022

TAMPA, Fla.-— A Tampa Bay man got a crash course on Florida's property insurance crisis when Hurricane Ian hit last month. Florida property insurance premiums will likely spike again, Citizens CEO says. The night before Hurricane Ian hit Florida, Colantuono and his wife were getting ready.

Out-of-control health care in dire need of reform

October 28, 2022

Over the past 22 years, the price of medical care, including services provided, insurance, drugs and medical equipment, rose faster than prices in the overall economy. Medical prices grew 110% while prices for all consumer goods and services rose by 71%. Although there are many reasons for the difference, fundamentally the cause is that the health care industry…

CCH talks insurance [Columbus Telegram, Neb.]

October 28, 2022

Oct. 27— For many, the details of health insurance can be confusing but it's important that people understand what plan they have so they aren't left with unexpected coverage, according to Columbus Community Hospital officials. "We've been talking about this at the American Hospital Association level. The Office of the Inspector General— the OIG— put out a report…

DeSantis lauds his record as Crist blasts it in Florida governor’s race [Orlando Sentinel]

October 28, 2022

The campaign for governor in Florida is all about Ron DeSantis’ record. His opponent, former Democratic U.S. Rep. The candidates offer a clear choice to voters, said Susan MacManus, a professor emerita of political science at the University of South Florida.

Baker offers peek at ballot

October 28, 2022

Charlie Baker offered a peek into his ballot on Thursday, revealing that he'll likely vote no on a dental insurance spending ballot question and yes on a liquor licensing reform measure on Nov. 8- though he still won't say who he'll pick to succeed him in the corner office. Baker made no objection when host of GBH's Boston Public Radio "Ask the Governor" Jim Braude…

AM Best to Participate in ACLI’s Senior Investment Managers Seminar

October 28, 2022

AM Best Senior Director Michael Porcelli will participate in a panel discussion titled,“ Alternative Investment Paradigms through Reinsurance,” during the American Council of Life Insurers’ upcoming Senior Investment Managers Seminar 2022, which will be held on Nov. 6-9, 2022, at the Westin Mission Hills in Rancho Mirage, CA.. The discussion will be moderated…

Mich. U.S. Attorney: Six Defendants Charged in $1M COVID Fraud Schemes

October 28, 2022

The U.S. Attorney for the Western District of Michigan, Mark A. Totten, issued the following news release on Oct. 27, 2022:. U.S. Attorney Mark Totten announced today that six individuals from Benton Harbor, Michigan, have been indicted by a federal grand jury on charges relating to pandemic fraud schemes they used to obtain over $1 million in COVID-19 relief,…

N.J. Gov. Murphy: Open Enrollment at Get Covered New Jersey Begins Nov. 1, With More Plan Options and Historic Levels of Financial Help Available for 2023

October 28, 2022

Phil Murphy, D- New Jersey, issued the following news release on Oct. 27, 2022:. Governor Phil Murphy and New Jersey Department of Banking and Insurance Commissioner Marlene Caride announced today that consumers shopping for 2023 health coverage can start purchasing plans beginning November 1, 2022, when Open Enrollment begins at the state's Official Health…

Calif. U.S. Attorney: Former U.S. Navy Service Member Pleads Guilty to $2M Insurance Fraud Scheme

October 28, 2022

The U.S. Attorney for the Southern District of California, Randy Grossman, issued the following news release on Oct. 27, 2022:. Christopher Toups, who at the time of his crimes was a chief petty officer in the U.S. Navy, pleaded guilty in federal court today, admitting that he and others participated in a scheme to file false claims to obtain unearned benefits from an…

Calif. U.S. Attorney: Merced County Doctor Indicted for Multimillion Dollar Disability Insurance Fraud Scheme, Money Laundering, Unrelated Drug Charges

October 28, 2022

The U.S. Attorney for the Eastern District of California, Phillip A. Talbert, issued the following news release:. On Oct. 20, 2022, a federal grand jury charged Sohail Mamdani, 46, of Los Banos, with mail fraud and money laundering in connection to a disability insurance fraud scheme, and unlawful use of a DEA registration number and fraudulently obtaining…

Justice Dept.: Former Investment Manager Sentenced in Multimillion-Dollar Scheme to Defraud Life Insurance Company

October 28, 2022

A New York man was sentenced today to five years in prison for his participation in a scheme to defraud a North Carolina- based life insurance company that caused approximately $20 million in losses to the company and caused it to be ordered into liquidation. According to court documents, Bradley C. Reifler, 62, of New York, was the CEO and founder of Forefront…

Activating Your Long-Term Care Policy

October 28, 2022

Many years ago, you and your spouse decided to take out long-term care insurance. Decades later, you have no idea where that policy is gathering dust. That's where Senior Village comes to the rescue.

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