IFAwebnews » investigation

N.Y. says probe links $52 million in death benefits to beneficiaries

Bob Graham — Mon, 05 Dec 2011 20:07:13 +0000

A New York investigation into life insurers failing to match life insurance policies against master files of deaths has resulted in more than $52.6 million in payments to 7,934 beneficiaries.

N.Y. says probe links $52 million in death benefits to beneficiaries via IFAwebnews.

N.Y. orders life insurers to use death master file

Bob Graham — Wed, 06 Jul 2011 11:30:50 +0000

The New York State Insurance Department is requiring all life insurance companies operating in the state to report any death benefits that have gone unpaid because the insurers did not use the official government death list.

N.Y. orders life insurers to use death master file via IFAwebnews.

FPIC investors probing whether sale price to Doctors Co. is adequate

Bob Graham — Wed, 25 May 2011 17:47:46 +0000

Investors in FPIC Insurance Group, a medical professional liability insurer, are questioning whether the share price for the company's sale to The Doctors Co. is good enough.

FPIC investors probing whether sale price to Doctors Co. is adequate via IFAwebnews.

Report: SEC probing Texas firm’s life-expectancy estimates

Bob Graham — Thu, 20 Jan 2011 17:44:38 +0000

The U.S. Securities and Exchange Commission is investigating a Texas-based life settlement company’s estimates for life expectancy.

Report: SEC probing Texas firm’s life-expectancy estimates via IFAwebnews.

U.S. Senator calls for federal inquiry into Horizon’s executive pay

IFAwebnews Staff — Fri, 28 May 2010 14:07:29 +0000

While state officials have already scheduled a hearing on the matter, one of New Jersey’s representatives in Congress also wants a closer examination into the compensation package for executives at Horizon Blue Cross Blue Shield.

U.S. Senator calls for federal inquiry into Horizon’s executive pay via IFAwebnews.

Pennsylvania state trooper accused in arson, insurance scheme

IFAwebnews Staff — Tue, 25 May 2010 12:46:12 +0000

A Pennsylvania state trooper was recently arraigned on a series of charges after officials say he offered an old friend money to burn down his girlfriend’s house for insurance money.

Pennsylvania state trooper accused in arson, insurance scheme via IFAwebnews.

Life settlements firm to pay $170,000 for unregistered Va. securities

Keith L. Martin — Thu, 13 May 2010 12:28:54 +0000

A Texas-based life settlements firm has agreed to a settlement with Virginia regulators over allegations it failed to register its securities.

Life settlements firm to pay $170,000 for unregistered Va. securities via IFAwebnews.

Calif. regulator investigating Anthem’s claims data for future filings

Keith L. Martin — Thu, 06 May 2010 16:30:33 +0000

With one rate hike request withdrawn due to miscalculations, the California Department of Insurance says it is taking a closer look at the validity of claims data used by Anthem Blue Cross.

Calif. regulator investigating Anthem’s claims data for future filings via IFAwebnews.

Report: FBI probing insurance contracts of N.J. school district

IFAwebnews Staff — Fri, 23 Apr 2010 14:23:54 +0000

Insurance contracts between the Toms River (N.J.) Regional School District and an insurance firm with offices in New Jersey and Maryland is likely the focus of a federal investigation, according to a published report.

Report: FBI probing insurance contracts of N.J. school district via IFAwebnews.

Insurance groups team up to streamline fraud claims reporting

Keith L. Martin — Wed, 21 Apr 2010 13:12:19 +0000

In an effort to streamline the process of reporting possible fraud in a filed claim while also saving state insurance departments time and money, three national insurance groups are pooling resources.

Insurance groups team up to streamline fraud claims reporting via IFAwebnews.