Monthly Archives: <span>June 2012</span>

Consumer Federation of America’s “Shocking” New Study

When one strips away the posturing and insinuations of sinister corporate conspiracies contained in the new report on auto insurance rates from the Consumer Federation of America, you’re left with a pretty simple conclusion: If you shop around for things …

CDI Gives $32 Million to Fight Workers’ Comp Fraud

The California Department of Insurance will distribute $32 million in grants to district attorneys in California to support efforts to investigate and prosecute workers’ compensation insurance fraud. Every year, the Fraud Assessment Commission determines the grant funding based on assessments …

Oklahoma Physician, Hospital Settle Fraud Case for $1.5M

State and federal officials say an Oklahoma hospital and physician have agreed to a $1,550,000 payout to settle a health care fraud case. Sanford C. Coats, U.S. attorney for the Western District of Oklahoma, and Oklahoma Attorney General Scott Pruitt, …

W.R. Berkley Appoints President for New Jersey-Based Surety Group

Greenwich, Conn.-headquartered W.R. Berkley Corp. appointed Andrew Tuma as president of Berkley Surety Group. The appointment is effective immediately. Tuma, who joined Berkley Surety in 2007, has over 25 years of experience in the property/casualty insurance industry. He served most …

Appeals Court Throws Out Kentucky Bank’s Investment Lawsuit

A Kentucky-based bank that lost at least $14 million on mortgage-backed securities failed to read documents associated with the investment and didn’t give enough specifics to sustain claims of fraud against now-defunct investment bank Bear Stearns, a federal appeals court …

Looming Agent Retirements: Carriers Face Major Turnover

More than 25 percent of independent agency owners and principals are planning to retire or change careers and sell their firms sometime in the next five years, according to a new survey that explores agent attitudes about insurance companies, conducted …

N.J. Judge OKs Lawsuit Arising From Schoolyard Killings in 2007

A judge has denied an attempt by Newark’s school district to throw out a lawsuit stemming from the murders of three college-bound students in a schoolyard in 2007. Wednesday’s ruling means the suit against the district can move forward. The …

N.Y. Marriage Equality Act Lawsuit Seeks Spousal Healthcare Benefits

A New York hospital worker and her spouse have filed a lawsuit, saying spousal health benefits were denied to the same-sex couple. The lawsuit filed Tuesday in federal court in Manhattan sought past and future health care benefits and a …

Shasta County To Pay $855K To End Defamation Suit

Shasta County in Northern California has agreed to pay $855,600 to settle a lawsuit that accused former District Attorney Jerry Benito of defaming another county employee. The Redding Record-Searchlight reported the settlement ends a legal fight that began about seven …

Insurer Sues Nocal Surgery Firm Over Alleged Overbilling

United Healthcare Services has filed a $39 million lawsuit against a Northern California company that manages five outpatient surgery centers, claiming the firm overbilled the insurance carrier and offered doctors financial incentives for patient referrals. The case filed Monday in …