Minneapolis- based Fairview Health Services is suing UnitedHealthcare, alleging the nation's largest health insurer is falsely advertising its 2027 Medicare Advantage plans by including Fairview hospitals and clinics in its network. The lawsuit, filed in federal court in Minnesota, comes after Fairview chose not to renew its contract with…
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Clayton Iley, the former owner of Texas Legacy Insurance Group, recently pled guilty to federal wire fraud and identity theft, and was sentenced to more than 13 years in prison. The sentence was handed down Oct. 1 by U.S. "My office will not stand by and allow criminals to scam Americans out of their hard-earned money without consequence," said U.S.
Former Los Angeles Unified School District Superintendent Austin Beutner filed a lawsuit in Los Angeles County Superior Court against his insurance provider, alleging the company refused to cover full remediation for toxic contamination caused by the 2025 Palisades Fire, as reported by multiple news sources. Attorneys representing Beutner and his wife,…
Constitution is wholly owned by Steven Menzies, chief executive officer, and participates in a professional lines quota share reinsurance business from a commonly owned insurer, Texas Insurance Company, consolidated within the North American Casualty Group. Due to delays in regulatory approvals, premiums only started to flow in 2026. Constitution is…
The Securities and Exchange Commission moved for entry of a final judgment by consent against Stephen Kenneth Leech II, the former co-chief investment officer of registered investment adviser Western Asset Management Company LLC, whom the SEC previously charged with a multi-year cherry-picking allocation scheme. As alleged in the SEC's November 2024…
The following information was released by the Federation of American Hospitals:. The Federation of American Hospitals today announced that Paul Eiting has joined the organization as Vice President, Policy, where he will help lead FAH's advocacy on critical health coverage and payment issues affecting hospitals and the patients they serve.
Two-thirds of U.S. adults— up from 53% in 2020— said they are in favor of universal U.S. health insurance, often referred to as "Medicare for all," according to a poll conducted by health policy research firm KFF released on Tuesday. Medicare is the U.S. government program that provides health coverage to about 70 million people aged 65 and older or with disabilities.
Mattoon, IL As millions of Medicare beneficiaries prepare to review their coverage during the upcoming Open Enrollment period, First Mid Insurance Group's Senior Solutions division is entering the season with national recognition for its performance and expertise in serving Medicare clients. In Senior Marketing Specialists' latest Key Accounts…
The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months, the minutes said. The Fed increased its key interest rate at the Sept. 15-16 meeting by a quarter-point to about 3.9%, its first increase in three years. The increase defied President Donald Trump's repeated calls for the Fed…
The incident happened at about 6:09 p.m., according to a news release from Officer Shelbie Boyd, spokesperson for the Tacoma Police Department. Someone approached Bad Boys Bail Bonds in the 4800 block of Pacific Avenue while three employees were inside. Anyone with information about this incident is asked to contact the Tacoma Police Department.”.
AM Best has assigned a Preliminary Credit Assessment to American Sentinel Insurance with a Financial Strength Assessment of A- pca and a Long-Term Issuer Credit Assessment of“ a-” pca. This PCA has an effective date of Oct. 6, 2026. ASIC’ s balance sheet strength assessment also considers a capital contribution in the amount of $8.5 million from SUNZ Insurance…
Two Democrats, Ben Allen and Jane Kim, are both running for California insurance commissioner, a job that has become especially high-profile since the Los Angeles area wildfires in January 2025 created a rift in the homeowners insurance system. The Southern California News Group asked the candidates vying to represent you several questions in order to help…
Carmen Rivera-Rivera, 52, was arrested last week by inspectors from the Medicaid Fraud Control Unit of the Office of the Chief State’ s Attorney and charged with health insurance fraud and first-degree larceny by defrauding a public community. On May 20, the fraud control unit received a complaint that Rivera-Rivera, an employee of the AFL program, had enrolled…
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to“ bbb+” from“ a-” of FMIC Insurance Company. The outlook of these Credit Ratings has been revised to stable from negative. The ratings reflect FMIC’ s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance,…
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of“ a-” and the National Scale Rating of aaa.IN of General Insurance Corporation of India. In addition, the ratings factor in a neutral impact from the company’ s ownership by the government of India. A partially offsetting balance sheet strength factor is the company’ s…
Appeal Court judges in London threw out the convictions Wednesday of five former Barclays Bank traders who were imprisoned for allegedly rigging the London Interbank Offered Rate, the benchmark short-term interest rate for lending between banks, in the run up to the financial crisis. Jonathan Mathew, Philippe Moryoussef and Colin Bermingham, who were based…
If Federal Reserve Chair Kevin Warsh thinks he has a difficult inflation challenge with Trump breathing down his neck for lower interest rates, he should spare a thought for Christine Lagarde, the president of the European Central Bank. While inflation has been rising, France appears to be on the cusp of a full-blown government bond market crisis due to the…
Carpe also found its modeled value of contradictory alerts increased from $230.6 million in 2024 to $263.8 million in 2025 across its platform, based on reported outcomes from carriers. The highest insurance fraud is not in the most densely populated regions: Connecticut, Nevada, South Carolina, Delaware, and Georgia ranked as the top five U.S. states with the…
Peyton AI ® today launched an AI-powered triage platform for medical negligence claims, built to help law firms, malpractice insurers and hospital risk teams learn in minutes whether a case merits further investment, a call that typically takes months of record review and an initial expert report. In a validation study of more than 1,000 closed cases, the…
