IFAwebnews » investigations

Pa. lawyer probing board actions in planned NYMAGIC sale to ProSight

Bob Graham — Mon, 19 Jul 2010 12:33:24 +0000

A lawyer in Bensalem, Pa., says he has begun an investigation into corporate actions involved the planned sale of New York-based NYMAGIC to ProSight Specialty Insurance Holdings announced last week.

Pa. lawyer probing board actions in planned NYMAGIC sale to ProSight via IFAwebnews.

Maryland Insurance Administration moving toward target examinations

Bob Graham — Wed, 19 May 2010 14:40:58 +0000

Beth Sammis, acting Maryland insurance commissioner, wants the Maryland Insurance Administration to employ more targeted examinations of insurer’s actions so it can address concerns more quickly and cost-effectively than with a full market conduct examination.

Maryland Insurance Administration moving toward target examinations via IFAwebnews.

Md. doctors wants MIA review of ‘intrusive’ health insurance protocols

Bob Graham — Wed, 19 May 2010 11:52:41 +0000

An association representing Maryland’s doctors has sent Maryland Insurance Commissioner Beth Sammis a letter asking her to investigate “intrusive” and “onerous” health insurance protocols that could be compromising care.

Md. doctors wants MIA review of ‘intrusive’ health insurance protocols via IFAwebnews.

Virginia agencies collaborate for ‘Insurance Fraud Awareness Week’

Keith L. Martin — Tue, 11 May 2010 12:35:35 +0000

Noting its “great strides” in fighting insurance fraud, state agencies across Virginia will continue that teamwork this week, dubbed “Insurance Fraud Awareness Week.”

Virginia agencies collaborate for ‘Insurance Fraud Awareness Week’ via IFAwebnews.

Three sentenced in ongoing New Jersey ‘give up’ auto scheme probe

Keith L. Martin — Tue, 11 May 2010 12:15:11 +0000

Less than a week after announcing five grand jury indictments as part of an ongoing automobile “give up” scheme to collect insurance premiums, New Jersey officials have announced sentences for three more people linked to the same fraud.

Three sentenced in ongoing New Jersey ‘give up’ auto scheme probe via IFAwebnews.

Mass. AG settles with four more insurers over at-fault accident reports

Keith L. Martin — Tue, 11 May 2010 12:00:00 +0000

Four more auto insurers have reached a settlement with Massachusetts’ attorney general to correct thousands of driving records as officials now turn their attention to the use of private databases for rating purposes.

Mass. AG settles with four more insurers over at-fault accident reports via IFAwebnews.

Seven from New Jersey charged in automobile ‘give up’ scheme

Keith L. Martin — Thu, 06 May 2010 13:21:00 +0000

New Jersey officials have obtained five separate grand jury indictments, charging seven state residents with falsely reporting that their cars were stolen when they were part of a “give up” scheme to collect insurance premiums.

Seven from New Jersey charged in automobile ‘give up’ scheme via IFAwebnews.

Calif. bagel bosses charged in workers’ compensation fraud scheme

Keith L. Martin — Tue, 04 May 2010 13:32:41 +0000

The founder and CEO of a California bagel company, as well as the company’s accountant, were recently arrested and charged with multiple counts of suspected workers’ compensation insurance premium fraud, failing to report employee injuries and unemployment insurance fraud.

Calif. bagel bosses charged in workers’ compensation fraud scheme via IFAwebnews.

Third time nets S. Carolina insurer $120,000 fine from Va. regulators

Bob Graham — Thu, 22 Apr 2010 12:34:07 +0000

An insurance company has been fined $120,000 by Virginia regulators for using policy paperwork or endorsements prior to their approval.

Third time nets S. Carolina insurer $120,000 fine from Va. regulators via IFAwebnews.

N.Y. AG says inferior health plans, agent deals ‘leave students at risk’

Keith L. Martin — Fri, 09 Apr 2010 12:50:47 +0000

Ten of the largest health insurers covering students – including Aetna and UnitedHealthcare – were recently subpoenaed in an ongoing investigation into what the New York Attorney General’s Office says is inferior coverage at colleges in and around the state.

N.Y. AG says inferior health plans, agent deals ‘leave students at risk’ via IFAwebnews.