The report detailed how employees in five states – Pennsylvania, Delaware, New Jersey, New York – and Washington, D.C., collaborated with three medical providers who submitted fraudulent or medically unnecessary claims using employee insurance information. In some cases, dependents’ information was also used.
This high-impact, one-day summit brings together industry trailblazers from organizations like Amwins, Lockton, Zurich North America, PURE Insurance, AmTrust Financial Services, and Nationwide to spark conversations, share strategies, and champion change. Whether you’re climbing the career ladder or already leading the way, this event is your gateway to powerful learning and meaningful connections. Source link
Gallman served Alfa, her UM carrier, with the original suit in July 2021. One month later, she voluntarily dismissed the action. In December 2021, she filed a renewal complaint and served Alfa the next day. Alfa moved for summary judgment, arguing that it hadn’t been timely served in the original suit. The trial court agreed,…
California’s largest property insurer, State Farm General, has warned that it will not resume writing new policies in the state, even if regulators approve its proposed 22% rate increase. The statement, delivered in a letter to Ricardo Lara, the state’s insurance commissioner, underscores the growing crisis in California’s homeowners insurance market as insurers retreat in…
In the fourth quarter, US annuity sales totaled $100.6 billion, a 13% decline from the record-setting fourth quarter of 2023. Lower interest rates contributed to declines in fixed-rate deferred (FRD) and income annuity sales, affecting overall results. Source link
“Further discussions and drafting of the Financial Innovation and Technology for the 21st Century Act (‘FIT21’) bill, which could provide greater regulatory clarity for digital assets, is expected,” he said. “This legislation aims to clarify standards for decentralisation, intermediary requirements and the potential evolution of future regulations, to support innovation and growth in the United…
