The New York Court of Appeals has upheld the right of an insurance company to refuse to reimburse fraudulently incorporated medical providers for no-fault auto insurance claims even when the medical care provided is appropriate. The defendant medical providers argued …
Delaware Insurance Commissioner Matt Denn has initiated a crackdown by his department on auto insurance fraud. Denn announced several policy changes in the way auto insurance fraud cases are handled, including makeing them public. Denn also announced his officie was …
West Virginia Circuit Court Judge Paul Zakaib is expected to decide Friday whether or not to make public the contents of emails detailing negotiations between the West Virginia Insurance Commission, an aide to Governor Joe Manchin and insurance companies. The …
A husband and wife who operated a Massachusetts construction scaffolding company pleaded guilty to paying their employees cash “under-the-table” in order to avoid millions of dollars in taxes, workers compensation insurance premiums and union health and welfare benefits. Carlos Gomez …
New Hampshire small businesses looking for relief from rising health insurance costs now have proposed changes approved by both the House and the Senate. The House this week approved a plan that would stop insurers from considering a business’ location …
A State Farm customer and his doctor, who challenged a 30-day deadline for doctors to file claims on a patient’s no-fault auto policy, have lost their claim in the Florida Supreme Court that the provision is unconstitutional. In 1998, lawmakers …
John Lombardo, board chairman of Sunshine State Insurance Company of Ponte Vedra, Fla. has announced the elections of two senior executives to the firm’s senior management team, John E. Rogan, president and chief executive officer, and Richard L. Ervin Jr., …
A study from Standard & Poor’s Ratings Services examines recent changes in the U.S. capital markets, and concludes that they have “have sparked interest in the credit ratings on small and mid-size insurance companies.” S&P describes the changes as including …
A.M. Best Co. announced that it has affirmed various financial strength ratings of the P/C subsidiaries of GE Insurance Solutions Corp., including the financial strength ratings of ‘A’ (Excellent) of Employers Reinsurance Corporation (ERC) and Illinois-based GE Reinsurance Corporation (GE …
A.M. Best Co. announced that it has downgraded the financial strength rating to “B++” (Very Good) from “A-” (Excellent) and the issuer credit rating to “bbb” from “a-” of General Electric’s Kansas-based reinsurance unit, Employers Reassurance Corporation (ERAC). The ratings …
