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20 Sep 2013, 5:44 am
The gap between enrollment and enactment provides the government and insurance companies time to ease into the new program and make any necessary adjustments for a smoother transition. [read post]
26 Jul 2022, 7:05 am
By Suzanne CosgroveA state appeals court has affirmed a decision by the Iowa Insurance Division that two salesmen from Texas company Carson Energy, Inc., violated the state’s blue-sky laws. [read post]
13 Aug 2013, 3:50 am
After the insurer removed her claim to federal court, she turned it into a bad faith "class action" and added several other plaintiffs. [read post]
5 Feb 2024, 10:00 pm
Insured Depository Institution and Depository Institution Holding Company Mergers and Acquisitions Acquiring an IDI and their holding companies involves a host of regulatory considerations, including state and federal banking laws, corporation laws, and antitrust considerations. [read post]
7 Aug 2024, 1:29 pm
Those were alleged to include negotiating and accepting rebates from pharmaceutical companies to favorably place their on-brand drugs on insurer formularies—the lists of drugs that an insurer will cover—while imposing onerous conditions for the coverage of competing substitute drugs. [read post]
21 Nov 2016, 4:36 pm
A class of current and former students filed a class action lawsuit the schools’ operating companies. [read post]
8 Aug 2014, 8:36 am
The commissioner referred companies to a federal framework for improving cybersecurity published earlier this year by the National Institute of Standards and Technology, which he noted may become a “baseline of best practices” to be used for legal, regulatory, or insurance purposes in assessing a company’s approach to cybersecurity. [read post]
10 Apr 2016, 10:12 am
The insurer removed the case to federal court. [read post]
8 Mar 2019, 1:20 pm
., out-of-state) insurance company, you're required to serve not the insurer directly, but rather, you've got to serve Washington's Insurance Commissioner. [read post]
18 Aug 2010, 7:11 am
Both the Towns and Cuomo investigations are focusing on how some life insurance companies place clients’ death benefits in an interest-bearing account, with the bulk of the interest benefiting the insurer, not the policy holders. [read post]
22 Mar 2010, 4:46 pm
It is not up to politicians or insurance companies to make our medical decisions for us. [read post]
20 Jan 2009, 6:35 am
In addition to the claims of Liberty Mutual Insurance Company’s insureds, the approved class sought to hold Liberty Mutual Insurance Company liable for claims of insureds of other Liberty Mutual sister companies. [read post]
20 Jan 2009, 6:35 am
In addition to the claims of Liberty Mutual Insurance Company’s insureds, the approved class sought to hold Liberty Mutual Insurance Company liable for claims of insureds of other Liberty Mutual sister companies. [read post]
31 Jan 2007, 8:44 pm
Unlike the Bank Holding Company Act, the Federal Deposit Insurance Act has no specific prohibitions on commercial ownership. [read post]
5 Apr 2017, 10:53 am
There is a large body of case law in both Pa. state and federal courts holding that mere negligence is not bad faith, and that an insurer has the legal right to be wrong on claims decisions, as long as the decision can be supported by a reasonable basis. [read post]
2 Apr 2007, 5:03 am
Each plaintiff was insured by a different insurer, so the class action complaint named as defendants Allstate Insurance Company, State Farm Insurance Company, Republic Fire & Casualty Insurance Company, Auto Club Family Insurance Company, Lafayette Insurance Company and Louisiana Citizens Property Insurance Company. [read post]
11 Jun 2018, 12:36 pm
Diaz, Advantage Pharmacy in Hattiesburg, Mississippi, dispensed these medically unnecessary compounded medications and sought and received reimbursement from TRICARE and other insurance companies totaling more than $3 million. [read post]
14 Oct 2013, 6:04 am
The big deal is that the safety violation penalty is not paid by the insurance company--it is paid directly from the employer's pocket (which also makes for increased litigation of these claims!). [read post]
18 Oct 2007, 8:13 pm
Thirty private insurance companies, including State Farm, GEICO, AllState, Liberty Mutual, MetLife, Progressive, Federated Insurance and United Auto Insurance were defrauded. [read post]
6 Aug 2013, 10:26 am
The Sun Capital Partners decision is notable because it represents the first decision at the Federal appellate court level to address the issue of whether a private equity fund (including its other commonly-owned portfolio companies) can be liable for the pension obligations of one of its insolvent portfolio companies on the basis of the private equity fund constituting a “trade or business”. [read post]
