Monthly Archives: <span>January 2020</span>

Oklahoma Bill Would Eliminate Third-Party Pharmacy Benefit Managers

If passed, proposed legislation would have Oklahoma joining the growing number of states backing away from using Pharmacy Benefit Managers (PBMs) to administer prescription-drug programs. Sen. Paul Scott, R-Duncan, has filed Senate Bill 1901 to replace the state’s third-party PBMs …

Texas Security Company Convicted of $51K Workers’ Compensation Fraud

HHDP Security, a Houston-based security company, has been convicted of premium fraud and ordered by a Travis County District Court judge to pay $51,131 in restitution, the Texas Department of Insurance, Division of Workers’ Compensation reported. Regulators say that between …

Opioid Victims Can Now File Injury Claims in Purdue Pharma Bankruptcy Case

State and local governments have been leading the legal fight against the opioid industry, seeking payouts to help them deal with the fallout from the nation’s addiction crisis. Average Americans are about to get their shot. Last Friday, the federal …

Aadvantage Insurance Group Adds Fricke as Sales Agent

Randy Fricke has joined AAdvantage Insurance Group in Glen Carbon, Ill., as a sales agent, responsible for generating prospects, developing new relationships, handling existing accounts, and creating custom insurance plans to meet the specific needs of property/ casualty clientele. Fricke …

Opioid Kickback Probe Cites OxyContin Maker Purdue Pharma: Reuters

OxyContin maker Purdue Pharma LP is the unnamed company that surfaced in criminal charging documents filed earlier this week in a probe of illegal kickbacks from drugmakers, according to people familiar with the matter. Purdue Pharma, which faces U.S. Justice …

How should insurance commissioners get the job?

WARNING: This is a long one. Buckle in. Insurance Journal recently published an article detailing what action the Florida legislature is planning to take this year related to insurance. One item in particular caught my attention (so far); Senate Joint …

Rhode Island Judge Says Jury Should Decide if Uber Can Be Liable for Crash

A jury should determine whether Uber ought to be held responsible for a passenger’s injuries, a federal judge in Rhode Island ruled. A U.S. District Court judge concluded Jan. 16 that jurors should determine whether driver Claudette Issa is considered …

Group Preparing to Sue EPA Over Chesapeake Bay Pollution

A conservation group announced Monday that it’s preparing to sue the Environmental Protection Agency for failing to enforce the Clean Water Act relating to pollution limits for the Chesapeake Bay. The Chesapeake Bay Foundation announced it is preparing a notice …

The Hilb Group Acquires Massachusetts’ Group Brokerage Insurance Agency

The Hilb Group LLC (THG) has acquired Group Brokerage Insurance Agency LLC (GBIA). The transaction became effective January 1, 2020. Located in Waltham, Mass., GBIA is an employee benefits agency primarily providing group medical, dental, life, short and long-term disability …

Many Global Firms Face High Coronavirus Costs Due to Insurance Exclusions

Many global companies from hotels and airlines to industrial houses are expected to have to foot the bill for disruptions caused by a new coronavirus in China, with epidemics usually excluded from insurance cover, experts said. With 132 deaths in …