Two pharmacy technicians admit to their roles in Medicaid fraud scheme

Two pharmacy technicians from Essex County, N.J., pleaded guilty for their role in a scheme to defraud Medicaid by buying prescription forms for HIV/AIDS drugs from indigent patients.  Read Story

New Allstate agency opens in Richmond

Allstate Insurance Co. has announced the opening of a new office in Richmond, Va., owned and operated by Gary Gerczak.  Read Story

Ousted Presidential Life chairman seeks change after loss of $100 million

The ongoing, month-long squabble among members of the Presidential Life Corp. board and its ousted founder and chairman continues, as the former leader said in a letter that the company’s current leadership has cost his family and its interests more than $100 million.  Read Story

Conn. physicians group sues to block Health Net, UnitedHealth merger

Indicating that it did not have a proper say in the merger of HealthNet and UnitedHealth Group, a group of Connecticut physicians has filed a suit to block the deal.  Read Story

Pelosi: House cannot pass Senate’s health reform bill as is

House Speaker Nancy Pelosi told reporters today (Jan. 21) that she does not “see the votes” in her chamber of Congress to pass the Senate’s comprehensive health reform bill without changes.   Read Story

Chartis said it is hoping to lessen the burden on brokers and their clients with its new Excess Edge solution to improve the placement of follow form excess management and professional liability coverage.  Read Story

Walgreens, Washington state in Medicaid reimbursement dispute

Just like it did last year in Delaware, Walgreens has announced it will withdraw some of its pharmacies from the Medicaid program in Washington state this year in response to a reduction in reimbursement rates.  Read Story

Savoy Associates names Gualtieri as business development director

Savoy Associates, a regional health and ancillary insurance general agency, named a former UnitedHealthcare executive as its director of business development.  Read Story

Gen Re to pay $92 million to settle AIG, Prudential fraud allegations

Berkshire Hathaway’s reinsurance unit, General Re, has entered into a deal with the U.S. Justice Department and the U.S. Securities and Exchange Commission to settle allegations it entered into sham reinsurance deals with both American International Group and Prudential Financial.  Read Story

Illinois insurance executive accused of murder-for-hire scheme

The owner of an Aurora, Ill. insurance agency is facing federal charges in connection with a murder-for-hire scheme.  Read Story