Northeast
Walgreen, Par sued for alleged RICO violations, drug overcharges
A health and pension fund sued Walgreen Co. and Par Pharmaceutical Co. for allegedly overcharging for generic prescriptions, which in turn allegedly cost third-party payers two to four times more for the medications.
A West Dover, Vt., woman pleaded guilty Jan. 12 to defrauding her insurance company of about $1.4 million between 2001 and 2006.
A report expected from the Federal Insurance Office later this month, addressing how to modernize and improve insurance regulation, could significantly affect the insurance industry, according to an industry regulatory expert.
N.Y. gets 8 health insurers to more promptly update online directories
Eight health insurance companies agreed to improve the accuracy of the provider directories they post on their websites, according to deals struck with New York’s attorney general.
Public safety group urges Obama to push NFIP extension in Address
A national group is urging President Barack Obama to push Congress to make “meaningful reform” to the National Flood Insurance Program when he gives his State of the Union Address.
Aetna ‘refreshes’ brand with new logo in its health solutions evolution
Aetna, the national health insurer, has a new look and logo, which it says “continues its evolution from an insurance carrier to a health solutions company.”
Financial planning can have a positive effect on familial relationships for Americans who have limits on how much financial assistance they can offer to family members, a new study says.
Va. specialty insurer stretches E&S business across entire U.S.
A specialty property-casualty insurance company, based in Richmond, Va., recently became certified to write business on a surplus lines basis for all U.S. states and Washington, D.C.
Consumers disregard insurance packages, favor lower rates
Home and auto insurance buyers were less interested in home-auto package discounts in 2011 than the year prior, and more aware of competitive premium rates, a new study says.
Attorneys general urge Supreme Court to rule individual mandate legal
Attorneys general from 11 states and Washington, D.C., have filed court papers in the federal health reform law case, arguing that the individual mandate forcing all Americans to buy health insurance, starting in 2014, is constitutional.

Federal health reform would add 10,000 jobs, $4.4 billion to Calif.
Lautenberg, Rubio want to cap TRICARE fees for military retirees
Health care cost at all-time high, despite lower rate of increase

Life insurers sell shares in British tech firm to Pa. company
FINRA estimate for IA SROs excludes monetary, administrative details
Most insurance agencies seeing better results than last year

Pa. broker adds $181,000 commission to $2.1M false insurance invoice
A.M. Best rates Pa.-based insurer’s outlook ‘negative’
With five-year plan stuck, House passes new short-term NFIP extension


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