Regulation News
Regulation News RSS Get our newsletter

Last year, following an investigation by the Michigan Department of Insurance and Financial Services Fraud Investigation Unit, Christine Presock was charged in St. Joseph County's 3rd District Court with six counts of insurance-fraudulent acts, felonies punishable by up to four years in prison and/or a $50,000 fine, or both. She was also ordered to pay…
The sales of Annexus to Integrity had social media buzzing this week.
Integrity Marketing Group gains substantial distribution power with its deal to acquire Annexus.

An Evanston, Ill. woman was sentenced to one year and one day in federal prison and fined after she pleaded guilty to insider trading in a crime federal prosecutors said was driven by “greed.”

The U.S. Attorney for the Southern District of New York, Damian Williams, issued the following news release on April 13, 2022:. Damian Williams, the United States Attorney for the Southern District of New York, announced today that SERGEI POLEVIKOV, a former quantitative analyst, was sentenced late yesterday to 33 months in prison by United States District Judge…

The office of the U.S. Attorney for the Northern District of Georgia issued the following news release:. "The defendants allegedly regarded these benefits as means to steal money at a time when many legitimately relied on Unemployment Insurance Benefits during the COVID-19 pandemic," said U.S. Attorney Kurt R. Erskine. Hatter and Parker's alleged scheme took…
High deductibles make health insurance dicey for many.
Many Americans face hefty medical debt.

The complaint alleges that Washington state doctors filed Medicare claims for surgeries that were never performed, and that at least two surgeries were performed that necessitated intervention by another surgeon to repair damage.
The NAIC executive committee recently approved a new process for long-term care rate review.

The National Association of Insurance Commissioners approved a framework to bring consistency to long-term care insurance pricing, but carriers say the pilot program for the structure did not work.

Apr. 12— ALBANY— A Sylvester insurance agent was being sought after charges were filed against him in a fraud and theft by conversion case originating in Cook County. Arrest warrants against Richard Burrell, 54, were issued on April 6 by a Cook County judge, Georgia Insurance and Safety Fire Commissioner John F. King announced. "Mr. Burrell received money for a life…

Adan Deniz, 43, a contractor from Santa Clarita, Calif., was arraigned last week on 21 felony counts of forgery, theft by false pretense, and workers’ compensation insurance fraud after allegedly creating fraudulent certificates to secure jobs and underreporting payroll by over $425,000 to save thousands on insurance premiums.
Alex Murdaugh fraud case reached a key conclusion with a $4.3 million judgment.

Puneet Dikshit engaged in this trading between July 26 and Sept. 15, 2021, at the same time he was leading the McKinsey team that was advising Goldman Sachs about its potential acquisition of GreenSky.

WASHINGTON COUNTY, Ala.– Behind a barn off a dirt road in Washington County near the Tibbie community, a track hoe began digging and with every scoop of earth it pulled away what had been buried for six years was slowly revealed a white, 2006 Hummer H2. "We are looking at an individual who apparently owned this vehicle, that buried the vehicle and collected quite a bit of…