New Jersey’s Acting Attorney General Peter Harvey announced that a Jersey City corporation has pled guilty to charges of Medicaid Fraud for reportedly billing the federal and state assistance program for prescriptions that were not provided to Medicaid recipients. The …
Royal & SunAlliance announced that the initial public offering of shares in the Promina Group, its Australian and New Zealand subsidiaries, will raise around £662 million ($1.062 billion) for R&SA and A$150 million (U.S. $97 million) for Promina, after costs …
In spite of a reported significant need for fraud reform in Florida, the 2003 legislative session ended recently with lawmakers failing to take action on several crucial insurance-related bills. “We are disappointed that the legislature was unable to deal with …
Insurance Services Office, Inc. (ISO) has acquired the assets of Palm Coast Solutions, Inc., a Florida-based provider of automated workflow solutions, to help insurers maximize the value of commercial and personal lines information collected in field surveys. Palm Coast provides …
Standard & Poor’s has placed its ratings on Hartford Financial Services Group Inc. (HIG) and related entities on CreditWatch with negative implications following the company’s first-quarter announcement of a $2.6 billion (net of reinsurance and before tax) asbestos charge. “These …
In an unanimous ruling, the Appellate Division of the New York State Supreme Court recently applied an apportionment theory of liability that had previously only been used in pollution cases to a case involving lead paint, noting that the circumstance …
A late April Texas trial court ruling released last week will reportedly help control workers’ compensation medical costs by setting reasonable medical fees within the state’s workers compensation system, according to the Alliance of American Insurers (AAI). The ruling, by …
North Dakota’s 2003 legislative session was reportedly a very positive session for property/casualty insurers highlighted by the passage of legislation dealing with the payment of attorney fees in uninsured motorist claims, a property insurance placement facility bill and the National …
Recently, Colorado Gov. Bill Owens (R) signed into law AB 1188, authored by Rep. Keith King (R-21 El Paso), to allow the state’s auto insurance system to transition from a no-fault system to a tort reparation system similar to that …
The New Mexico Court of Appeals recently rejected the theory of liability stacking with regard to automobile insurance, the American Insurance Association (AIA) reported. In the case of Linda Ann Slack, et al. v. James Robinson, et al., the court …