Former Colonial Penn employee charged in identity theft scam

An ex-employee of Philadelphia-based Colonial Penn Life Insurance faces numerous criminal charges for using company computers to steal the information of at least 120 customers.

A federal grand jury charged Lisa ...  Read →  Read Story

Paterson proposed health reforms, rate approval for insurers

New York Gov. David Paterson has unveiled legislation to reform health care in the state, including a bill requiring health insurers to get approval from the superintendent of insurance before ...  Read →  Read Story

New Jersey autism bill moves to assembly vote

A bill requiring health insurers to provide coverage for medically necessary treatments of autism-spectrum disorders has cleared a New Jersey legislative committee and is scheduled for a vote in the ...  Read →  Read Story

Hartford CEO: Insurance key to company’s strength

On the heels of receiving $3.4 billion through the U.S. Treasury‘s TARP program, Hartford Financial Services Group is ensuring stakeholders that it will have a viable future by making a ...  Read →  Read Story

UnitedHealthcare companies pay $1.5 million over utilization review errors

Maryland insurance regulators fined UnitedHealthcare of the Mid-Atlantic and its MAMSI subsidiaries $633,000 and ordered them to pay nearly $930,000 in restitution to hospitals and radiology companies for using non-compliant ...  Read →  Read Story

WellCare to pay $10 million in SEC probe on financial filings

Tampa, Fla.-based WellCare Health Plans has agreed to a $10 million settlement with the U.S. Securities and Exchange, regarding an informal investigation into its financial filings.

WellCare agreed to the final ...  Read →  Read Story

Life insurance mergers, acquisitions could become fast and furious

Pent-up demand, as the economy improves, could fuel a dramatic increase in life insurance mergers and acquisitions, a new survey of life firms suggests.

A new Towers Perrin survey found that ...  Read →  Read Story

Former agent who blamed embezzlement on gender stress disorder sentenced

A former New Hampshire insurance agent who pleaded guilty to defrauding a dozen trucking companies of more than $100,000 in insurance premiums was sentenced to two years in prison.

Ray Ellen ...  Read →  Read Story

Suze Orman – the highly touted TV financial advice personality and author who is vilified by many professional financial advisors — is being sued for fraud.

According to a juicy Forbes article, ...  Read →  Read Story

Median net worth of health insurance buyers 35 times greater than non-buyers

The median net worth of families who purchase health insurance is nearly 35 times greater than the net worth of families who are uninsured, a government analysis found.

In contrast, the ...  Read →  Read Story