14 U.S. insurers line up to halt foreign insurer’s tax haven

A coalition of 14 major U.S.-based insurance groups is touting the benefits of proposed legislation to close a loophole allowing foreign-based insurers to strip income into tax havens.

The Coalition For ...  Read →  Read Story

Universal health insurance plan introduced in New York

A pair of New York lawmakers has introduced a bill to provide government-financed universal health insurance they say will save tens of billions of dollars.

Richard Gottfried

Assemblymember Richard Gottfried (D-Manhattan) ...  Read →  Read Story

Virginia inks $84 million deal to manage Medicaid program

The Virginia Department of Medical Assistance Services has signed a five-year, $84 million contract with a healthcare program administrator to manage the commonwealth’s Medicaid program.

Affiliated Computer Services Inc., of Dallas, ...  Read →  Read Story

Pennsylvania insurance agent mulls run for Congress

An insurance agent with Byham’s Insurance Services in Meadville, Pa., said he is considering a run for the Pennsylvania’s Third District Congressional seat in 2010.

Steve Fisher

Steve Fisher, a ...  Read →  Read Story

WellCare to pay $80 million to settle Medicaid fraud case

National health insurer WellCare Health Plans has resolved a federal and state investigation into alleged Medicaid fraud.

The insurer said as part of the agreement with the U.S. Attorney’s Office and ...  Read →  Read Story

Drip, drip, drip.

The faucet to the nation’s health plans is leaking. Health insurance companies continue to make big concessions to Congress, offering up previously non-negotiable aspects of their health insurance ...  Read →  Read Story

Virginia governor tweaks ‘mandate light’ bills

Recent changes to a pair of “mandate light” health bills, proposed by Gov. Tim Kaine and approved by the General Assembly, could have interesting consequences for the insurance industry, according ...  Read →  Read Story

The Insurance Solutions division of Philadelphia, Pa.-based Lincoln Financial Group announced the expansion of its panel of dental providers.

The Lincoln DentalConnect PPO plan increased the number of providers so the ...  Read →  Read Story

Allstate raises auto rates 8.9% in New Jersey

Nearly 300,000 customers of Allstate New Jersey Insurance Co. will see an 8.9% increase in their auto coverage rates.

New Jersey Insurance Commissioner Steven Goldman approved the rate increase, which goes ...  Read →  Read Story

Insurance scam parks Philadelphia tow-truck driver in prison

A Philadelphia tow-truck driver was sentenced to 87 months in state prison for his part in a scheme to fake dozens of auto accidents and acts of vandalism to cheat ...  Read →  Read Story