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4 Jun 2007, 2:03 pm
Several major insurance companies, including Travelers, stand accused of grossly overcharging the U.S. government’s flood-insurance program in the wake of Hurricane Katrina. [read post]
2 Apr 2009, 12:54 pm
The national regulator would operate from the newly created Office of National Insurance (ONI), housed within the Treasury Department.The bill, in its current form, would require the federal Commissioner and state insurance commissioners to provide information with a Systemic Risk Regulator, which would recommend corrective actions to these regulators to deal with any state or nationally regulated insurance company whose attempted actions would… [read post]
28 May 2012, 5:45 am by Patrick Anderson
Additionally, federal prosecutors said Makarita billed $160,000 of claims to insurance companies for services provided for family members under another dentist’s name and received about $90,000 in reimbursement on those. [read post]
Recently, an Illinois federal judge ruled similarly, ordering that First Mercury Insurance Company defend its insured, Triple Location, against a similar lawsuit. [read post]
13 Oct 2017, 10:00 am
The alleged scheme involved paying kickbacks to chiropractors and tow truck companies to refer accident victims and then fraudulently billing insurers for services the victims did not need. [read post]
13 Oct 2017, 10:00 am
The alleged scheme involved paying kickbacks to chiropractors and tow truck companies to refer accident victims and then fraudulently billing insurers for services the victims did not need. [read post]
14 Jan 2008, 5:09 am
(Note: The following is a leaked confidential memo describing one insurance company's response to the Consumer Federation of America's January 10, 2008 report on skyrocketing insurance industry profits. [read post]
6 Nov 2019, 4:15 am by David Prange
Companies should consider whether insurance coverage is available to cover litigation costs. [read post]
19 Mar 2023, 12:22 pm by John Caiozzo
In addition to state requirements, there are also minimum federal insurance coverage requirements set out by the Federal Motor Carrier Safety Administration (FMCSA). [read post]
House members supporting the bill are seeking to increase the protection of the insured by allowing insurance companies to be regulated more thoroughly. [read post]
29 Oct 2023, 10:00 am by Chip Merlin
Miller noted the sustainability issues of numerous insurance companies, including fire insurance companies. [read post]
12 Jun 2012, 4:11 am by Brian Wolfman
The Consumer Federation of America has issued this report that finds "that computerized claims’ systems used by most of the nation’s largest insurance companies can be easily adjusted to make broad-scale 'lowball' claims’ payments to injured consumers that are less than what they should receive under their insurance policies. [read post]
28 May 2014, 11:37 am by Hunton & Williams LLP
Darwin Select Insurance Company, Case No. 12-CV-2742 H (KSC), a California federal district court ruled that Darwin Select Insurance Company breached its duty to defend Millennium in a pair of lawsuits in which two business rivals accused Millennium of false advertising, finding that the underlying lawsuits sufficiently alleged covered disparagement claims. [read post]
8 Oct 2021, 2:21 am by Jon L. Gelman
A federal workplace health investigation found that an auto insurance company ignored coronavirus safety requirements and allowed others displaying symptoms to work at the exact Denver location where an employee died with COVID-19.In response to a complaint of unsafe working conditions and the employee’s death, the U.S. [read post]