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Colo. health plan owner admits defrauding, embezzling up to 250 clients
The owner and operator of a Colorado health plan company pleaded guilty to several charges related to his defrauding and embezzling medical benefit clients of up to $7 million. Gerald Rising Jr., 60, a...
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Insurers’ lost $32B from natural disasters in first nine months of ’11
Natural disasters cost insurance companies more than $32 billion in direct insured losses in the first nine months of 2011, nearly double the average of other years, according to the Insurance...
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Connecticut pulls Medicaid coverage from private insurers
Connecticut became the second state to stop allowing private insurers to cover its Medicaid enrollees, following Oklahoma. The state-federal health insurance program, covering more than 400,000 of the...
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Mercury Insurance seeks agents, unveils new commercial auto product
Mercury Insurance, a multi-line insurance organization operating in 13 states, is offering a new commercial auto insurance product it says uses technology to enable its independent agents to more...
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Pa.-based unit of Aon buying benefit plan marketing company for $70.1 million
Aon Affinity is buying Access Plans, a marketing company that specializes in turnkey, private-label membership benefit plans that provide discount products and services, protection benefits and retail...
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Md. TPA offers its national Healthy Solution for employee health costs
A health insurance administrator, based in Maryland, is offering a new approach toward health and wellness, hoping it will bend the curve on health costs for its clients. Rodger Bayne Group Benefit...
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Justice Department tells Humana, Arcadian to divest in five states
The U.S. Justice Department is forcing Humana and Arcadian Management Services to divest themselves of Arcadian’s Medicare Advantage business in parts of five states to secure approval of Humana’s...
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Okla. insurance says she embezzled $62,000, may face criminal charges
An Oklahoma insurance agent confessed to embezzling an estimated $62,000 from her clients and surrendered her insurance license. The agent, Amanda Sue Wilson of Lawton, Okla., was found to have created...
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Okla. insurance agent found in Fla., accused of defrauding elderly
A former Collinsville, Okla., insurance agent was arrested March 28 in Florida for allegedly exploiting a group of senior citizens in Oklahoma for money. Marshall Virden, 54, allegedly convinced senior...
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Two more suits filed against U.S. over contraceptive coverage mandate
A group of eight Catholic organizations in Nashville and a non-Catholic business that says it operates under Christian principles are the latest to file suit over the U.S. government’s requirement that...
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Six states, consortium to build models for online health exchanges
Six states and a consortium of New England states will receive a total of about $241 million from the U.S. Department of Health and Human Services (HHS) to design and implement online health care...
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Okla. regulator wants navigators deleted from health reform law
Oklahoma’s insurance commissioner wants Congress to remove all references to “navigators” deleted from the federal health reform law. In comments to the National Association of Insurance Commissioners...
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Okla. insurance agent accused of swiping clients’ premiums
A former Edmond, Okla., insurance agent faces a felony charge of embezzlement for allegedly pocketing some of a couple’s auto and home premium payments. William J. Liebl, 30, of Okarche was charged...
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N.Y. agency owner among Big I’s new, ‘remarkable’ leadership team
An independent insurance agency owner with an office in New York is among the new leadership installed to lead the Independent Insurance Agents & Brokers of America (Big I). Robert Rusbuldt Spencer...
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Md., Pa., other states choose Equias Alliance for BOLI services
Equias Alliance was selected by 10 state associations, including Maryland Bank Services and the Pennsylvania Bankers Association Services Corp., as their exclusive provider for bank-owned life...
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