Two Foreign Nationals Indicted in Chicago as Part of $10 M Health Care Fraud Scheme. Two foreign nationals participated in a $10 million scheme to fraudulently bill Medicare and private insurers for nonexistent health care services, according to an indictment returned in federal court in Chicago. "Rooting out fraud is a priority for this Justice Department,…
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AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of the U.S. life/health subsidiaries of Aegon Ltd.. Aegon Ltd.’ s U.S. L/H companies are Transamerica Life Insurance Company and Transamerica Financial Life Insurance Company both referred to as Aegon USA Group. Aegon USA has additional access to liquidity as a…
—A measure of inflation may have fallen to a five-year low in January as rental costs have cooled, a sign that some prices are moderating while Americans continue to grapple with a big rise in overall prices in the past five years. Inflation is forecast to have fallen to a 2.5% annual rate in January from 2.7% in December in the latest government report on consumer…
In response to unprecedented smoke contamination from last year's Los Angeles wildfires, the largest urban wildfire disaster in state history, Insurance Commissioner Ricardo Lara and Assemblymember Mike Gipson today announced AB 1795, the Smoke Damage Recovery Act, landmark legislation establishing California's first enforceable public health and…
Kim Reynolds to submit a waiver to the Centers for Medicare and Medicaid Services as the first step to establish state-based health insurance in Iowa. "If Congress is unable to fix the Affordable Care Act, Iowa must explore opportunities to reduce costs at the state level," Severn said during a meeting subcommittee Thursday morning. Austin Baeth of Des Moines…
Ronald Demario Berry- careless driving, eluding law enforcement, probation violation, no proof of liability insurance. Ivan Eric Bush- possession of marijuana in a motor vehicle, DUI. Andre Germaine Carter- contempt of court.
The governor has asked the state legislature to appropriate $1 million to have the state Office of Policy and Management assess the feasibility of developing that so-called "Connecticut Option," and how it might be designed, including exploring opportunities to maximize federal funding to reduce premiums and overall health care costs for consumers.
WATERBURY– Businessman Carmen Romeo on Wednesday asked Gov. Lamont told Romeo, the president and CEO of Fascia's Chocolates in Waterbury, about his proposal to explore designing a government-backed, privately run health plan that he said could reduce costs for small businesses. The governor has asked the state legislature to appropriate $1 million to have…
The following information was released by Pennsylvania House of Representatives, Republican Caucus:. Kerry Benninghoff, Republican chairman of the House Transportation Committee. Ironically, PennDOT Secretary Mike Carroll, who played a role in making this come to fruition, worked on this issue for a number of years when he was a state representative.
A proposed bill in Michigan would close a loophole that no-fault auto insurance companies have utilized to deny claims. Senate Bill 782 was introduced by Mallory McMorrow and sponsored by another Democrat. The bill was referred to the Committee on Finance, Insurance, and Consumer Protection.
A few years ago, the U.S. Senate Committee on Finance conducted a "secret shopper" survey on health insurance plans across six states, including Colorado. Only half of all calls to providers in Colorado resulted in an appointment. The Senate panel had encountered what are known as "ghost networks"— providers listed in a health insurance database as in-network but…
Remarks at the Fixed Income Analysts Society, Inc., Women in Fixed Income Conference, Federal Reserve Bank of New York, New York City As prepared for delivery. This is the third consecutive year that the New York Fed has co-hosted the Women in Fixed Income conference, which provides us with an opportunity to exchange ideas and build relationships across the…
Today the National Council on Disability welcomes its newest member to the independent federal agency charged with advising Congress, the President and federal agencies on disability policy. Brian Patchett took the oath of office today and officially began his time as NCD Council member in a ceremony presided over by NCD Acting Chairman Neil Romano.
The Federal Reserve did not intervene in foreign exchange markets during the October December 2025 quarter, while the U.S. Treasury intervened in foreign exchange markets over the period, the Federal Reserve Bank of New York said today in its quarterly report to the U.S. Congress. The dollars modest depreciation occurred amid a slight narrowing in interest…
House of Representatives Committee on Energy and Commerce, Republicans:. Last December, the Department of Health and Human Services Office of Inspector General released a report showing that since 2016, OIG has conducted 18 audits, which revealed Medicaid agencies improperly paid states nearly $289 million on behalf of deceased enrollees.
The first of two forums on affordability and home insurance in Teller County attracted 140 people on Feb. 7 at the Woodland Park library conference room and lobby. I'm mad, too, mad that we haven't been able to find solutions, "said Michael Conway, Colorado's insurance commissioner. When several insurance companies pulled out of Colorado, by 2020, the state took…
The first of two forums on affordability and home insurance in Teller County attracted 140 people on Feb. 7 at the Woodland Park library conference room and lobby. When several insurance companies pulled out of Colorado, by 2020, the state took notice that just five big companies were“ gobbling up the business,” Conway said. But the main cause of the high cost of…
Lamont told Romeo, the president and CEO of Fascia's Chocolates in Waterbury, about his proposal to explore designing a government-backed, privately run health plan that he said could reduce costs for small businesses. The governor has asked the state legislature to appropriate $1 million to have the state Office of Policy and Management assess the…
2026 FEB 12– By a News Reporter-Staff News Editor at Insurance Daily News– Current study results on risk management have been published. According to news originating from Homestead, Florida, by NewsRx editors, the research stated,“ The increasing frequency and intensity of heavy snowfall events due to climate change pose significant risks to agricultural…
