IFAwebnews » MO

Florida firm pays $137M to settle false claims, ‘cherry picking’ case

Jaime L. Brockway — Wed, 11 Apr 2012 12:13:36 +0000

A Tampa, Fla.-based managed care services provider will pay $137.5 million to the federal government and nine states to settle four lawsuits accusing the company of violating the federal False Claims Act.

Florida firm pays $137M to settle false claims, ‘cherry picking’ case via IFAwebnews.

Express Scripts CEO says Medco acquisition will mean lower drug costs

IFAwebnews Staff — Thu, 05 Apr 2012 18:32:51 +0000

Express Scripts says it has completed its $29.1 billion acquisition of Medco Health Solutions, which company officials say will reduce costs for members.

Express Scripts CEO says Medco acquisition will mean lower drug costs via IFAwebnews.

Texas health company grows with second acquisition of the year

Jaime L. Brockway — Mon, 12 Mar 2012 13:38:03 +0000

HealthSmart Holdings, based in Irving, Texas, acquired a Springfield, Mo.-based insurance and health care services company to expand its national presence.

Texas health company grows with second acquisition of the year via IFAwebnews.

Hardening of marina, boat dealer’s insurance rates seen after losses

Bob Graham — Sun, 26 Feb 2012 21:09:02 +0000

The marina and boat dealer's insurance market appears to be hardening after insurers suffered increased losses in 2011, according to early indicators.

Hardening of marina, boat dealer’s insurance rates seen after losses via IFAwebnews.

States make Prudential alter its unclaimed life insurance practices

Bob Graham — Tue, 17 Jan 2012 13:13:06 +0000

A total of 19 states and Washington, D.C., reached an agreement with The Prudential Group, one of the largest life insurance companies in the U.S., in a case involving its unclaimed property practices.

States make Prudential alter its unclaimed life insurance practices via IFAwebnews.

Insurers’ lost $32B from natural disasters in first nine months of ’11

Bob Graham — Tue, 03 Jan 2012 16:11:25 +0000

Natural disasters cost insurance companies more than $32 billion in direct insured losses in the first nine months of 2011, nearly double the average of other years, according to the Insurance Information Institute.

Insurers’ lost $32B from natural disasters in first nine months of ’11 via IFAwebnews.

Gallagher buys MGA for ‘solid wholesale presence’ in Midwest

Bob Graham — Fri, 07 Oct 2011 14:01:19 +0000

Arthur J. Gallagher & Co. is acquiring S. A. Freerks & Associates, a St. Louis-based managing general agent and wholesale insurance broker.

Gallagher buys MGA for ‘solid wholesale presence’ in Midwest via IFAwebnews.

Company offers LTC insurance to high-risk, high-need consumers

Jaime L. Brockway — Wed, 27 Jul 2011 04:39:27 +0000

A Souderton, Pa.-based insurance company introduced product solutions designed to cover those who have been or who otherwise would be turned down for long-term care insurance.

Company offers LTC insurance to high-risk, high-need consumers via IFAwebnews.

Employee health plan enrollment falls, but may rise with health reform

Jaime L. Brockway — Wed, 29 Jun 2011 10:15:41 +0000

Employer-sponsored insurance (ESI) eroded “significantly” in the last decade, although federal health reform is expected to reverse the decline for small employers, two studies say.

Employee health plan enrollment falls, but may rise with health reform via IFAwebnews.

U.S. antitrust probe of Blues widens to Md., N.C., 4 other licensees

Jaime L. Brockway — Thu, 31 Mar 2011 11:49:49 +0000

The U.S. Justice Department has expanded an investigation of Blue Cross/Blue Shield licensees' alleged anti-competitive agreements with hospitals beyond Michigan, where it filed an antitrust lawsuit against the insurer.

U.S. antitrust probe of Blues widens to Md., N.C., 4 other licensees via IFAwebnews.