Texas Attorney General Greg Abbott’s Medicaid Fraud Control Unit participated with federal authorities in the Texarkana-area recently to arrest six podiatrists and several of their associates, charging them with numerous felony offenses included in a previously sealed 134-count indictment. Eight …
Aegon, the Netherlands’ insurer and financial services giant, reported fourth quarter net income rose 32 percent to 470 million euros ($573 million), while full year earnings rose 16 percent to 1.793 billion euros ($2.187 billion). In 2002 Aegon earned 355 …
Mayfield Village, Ohio-based vehicle insurer Progressive Corp. reported another strong month in February, including a profit of $145.1 million, 63 percent higher than $89 million a year ago. Net premiums written also grew 12 percent from February 2003 to more …
Former New York Stock Exchange Chairman Dick Grasso has reportedly been issued with a subpoena by the Securities and Exchange Commission, which is looking into charges that he may have participated in efforts to shore up the falling share price …
Nevada Insurance Commissioner Alice Molasky-Arman has ordered Global Bonding and its principal, Robert Joe Hanson to pay administrative fines of $60,000 each for reportedly acting as an unauthorized insurer in the state of Nevada. The order was a result of …
CIGNA has released the findings of a new study that reportedly reveals an unmistakable trend: Integrating disability with health care programs has the potential to lower employers’ total benefits costs and help disabled employees get back to work sooner and …
Maryland’s Injured Workers’ Insurance Fund announced the results of a recent survey, which gave the organization high marks for its services, especially from agents and brokers, 97 percent of whom said they “would recommend IWIF to their clients.” According to …
A woman is charged with stealing more than $100,000 from the Florida Insurance Guaranty Association, where she was employed, by opening a fictitious vendor account and submitting fraudulent claims. Insurance fraud investigators with the Department of Financial Services last week …
Zenith National Insurance Corp. announced that its wholly owned subsidiary, Zenith Insurance Company, has sued San Diego County chiropractor William Wu under California’s Unfair Competition Law for unlawful and fraudulent billing acts and practices. The lawsuit, filed in San Diego …
New Jersey lawmakers in the Assembly are scheduled to vote on medical malpractice, patient safety and rate regulation legislation today, after votes were delayed last week. The medical malpractice funding bill creates a $90 million fund that would help doctors …