Willis faces new suit linked to Stanford fraud case

Insurance brokerage Willis Group Holdings now faces a second federal lawsuit, linked to a $7 billion Ponzi scheme allegedly perpetrated by Allen Stanford and Stanford Financial Group.

In the latest suit, ...  Read →  Read Story

Reston company earns extension on Virginia Medicaid, FAMIS Plus contracts

Virginia officials have awarded a three-year contract extension for the Virginia Medicaid and Family Access to Medical Insurance Security Plus (FAMIS Plus) contracts to MAXIMUS Inc.

The deal between Reston, Va.-based ...  Read →  Read Story

I don’t know why, but I regularly get unsolicited email (spam?) from the White House. For a time, I thought I might receive the emails because of my affiliation with ...  Read →  Read Story

It appears that in Massachusetts — which is the model for nationwide health care reform a la President Obama and Sen. Ted Kennedy — not everyone is happy, especially those ...  Read →  Read Story

Surprise! A federal court has said that the SEC did not follow guidelines when implementing Rule 151A, so the court is telling the SEC that it must re-evaluate the mandate ...  Read →  Read Story

The Bayonne Medical Center has filed a federal lawsuit against Horizon Blue Cross Blue Shield of New Jersey making several allegations against the insurer, including intimating patients not to access ...  Read →  Read Story

Federal judge approves non-recourse premium financing for life settlements

A California federal judge has ruled that non-recourse premium financing of life settlement policies held by trusts and other third parties is allowed under state law.

The ruling by Judge Stephen ...  Read →  Read Story

Farmers’ acquisition helps AIG personal lines get rating affirmation

A.M. Best has affirmed a pair of ratings for the former AIG Personal Lines Group, which includes 21st Century Insurance, in light of its acquisition by Farmers Insurance Group.

The ratings ...  Read →  Read Story

Computer courses cutting consumers’ costs on auto insurance in New York

Consumers looking for a 10% discount on their automobile or motorcycle insurance in New York can now save some money on their polices by proving their knowledge of how to ...  Read →  Read Story

New Jersey dentist pleads guilty to $100,000 Medicaid fraud scheme

A Fair Lawn, N.J., dentist has pleaded guilty to defrauding Medicaid of nearly $100,000 by billing for procedures that were never performed over a period of more than two years.

Joshua ...  Read →  Read Story