Virginia’s Amerigroup finalizes transaction for South Carolina health plan

Virginia Beach, Va.-based Amerigroup Corp. has finalized a deal to sell the assets of its South Carolina health plan to Centene Corp.

Centene’s South Carolina subsidiary, Absolute Health Care, will add ...  Read →  Read Story

Experts optimistic about life insurance prospects this year

Life insurance may be the bright spot in an otherwise bad economy, according to several industry experts.

“This environment plays to our industry’s strengths,” said K. Rone Baldwin, executive vice president ...  Read →  Read Story

Pennsylvania doctor allegedly bilks insurers of $2 million

A doctor of newborn infants is accused with bilking Highmark BlueShield, Capital Blue Cross and HealthAmerica out of $2 million in falsely reported claims.

Dr. Saroj Kumar Parida, 49, a neonatologist ...  Read →  Read Story

Rocky 2008 gives way to ‘stable’ year for personal lines

The personal lines segment of the property-casualty market appears to be stable after a rocky 2008.

A.M. Best Co., a ratings service, said it continues to maintain a “stable” outlook for ...  Read →  Read Story

Two New York men alleged of rate evasion conspiracy

Four men accused of devising a rate evasion scheme in Pennsylvania that tricked insurance companies out of more than $500,000 face a host of charges, including insurance fraud.

The investigation, by ...  Read →  Read Story

Report: New York to sell liquidated insurer to private investors

The State of New York will attempt to sell Midland Insurance in the first-ever sale of an insurer to private investors.

Midland, which is being liquidated with almost $1 billon of ...  Read →  Read Story

Over last two years, 86.7 million were uninsured, new report says

A new report indicated that about 86.7 million Americans, which equates to one out of three people under the age of 65 years old, were without health insurance at some ...  Read →  Read Story

Rep. Bean offers more details on insurance reform proposal

A proposal to create an Office of National Insurance is being fine-tuned, as its sponsors determine whether to make a federal charter optional or mandatory for insurers who are deemed ...  Read →  Read Story

Pair of New York insurers the latest to sever ties with reimbursement database

New York Attorney General Andrew Cuomo has reached agreements with two New York insurers to stop using the controversial Ingenix reimbursement database after threatening to sue both companies last month.

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New Jersey’s Supreme Court has ruled that a passenger who did not know the vehicle he was in was stolen is not entitled to personal injury protection benefits after an ...  Read →  Read Story