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Private Flood Insurance Growth Creates Opportunities For Claims Professionals

A nudge into the market by carriers offering private flood insurance is becoming more of a shove, which might bring new opportunities for claims adjusters and maybe create a more efficient claims process along the way.
October 16, 2019 Life & Health

GE Accused Of Hiding Billions In Losses In Its Insurance Business

An accountant who gained fame for blowing the whistle on Bernie Madoff’s Ponzi scheme has accused General Electric of hiding nearly $40 billion in losses in its long-term care insurance business.
August 19, 2019 Fraud Life & Health

Texas Father, Son Sentenced For Bilking Insurance Of Over $27M In Scam

A father and his son were sentenced on Wednesday to a combined 15 years in federal prison for submitting more than $27 million in fraudulent hearing aid claims through their businesses in Bedford and Arlington.
August 16, 2019 Fraud Life & Health

The 4th Of July Claims Underwriters Fear Most

From fireworks to boating accidents, July 4th brings out some hefty summertime claims. Every year we gather ’round for fireworks and fun, but did you know the 4th of July is considered one of the most dangerous holidays in the United States?
July 2, 2019 Auto Education & Training Liability Life & Health Property

Unit Of Drugmaker Insys Pleads Guilty To U.S. Opioid Bribe Scheme

A unit of Insys Therapeutics Inc pleaded guilty on Friday to fraud charges as part of an $225 million deal with the U.S. Justice Department resolving claims that the drugmaker bribed doctors to prescribe an addictive opioid medication.
June 7, 2019 Life & Health Litigation

Substance Abuse And Mental Health Insurance Claims Double In Ten Years

Substance abuse and mental health insurance claims have spiked over the last decade, more than doubling during that time, said a new report. Moreover, the driving force behind this staggering growth rate is young adults and teens.
June 3, 2019 Life & Health

What Might Happen If Congress Fails to Renew Terrorism Reinsurance Program

The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which is set to expire in Dec. 31, 2020.
May 23, 2019 Life & Health

Medical Marijuana Use In Workers Comp Looms: Panel

The landscape for the use of medical marijuana and cannabinoids is changing in workers compensation, and it’s likely that more insurers will be required to pay for this in the near future, experts say.
May 23, 2019 Life & Health Workers' Compensation

Study Finds Private Insurers Pay Hospitals Way More Than Medicare

Hospitals with Dayton’s two major health systems charge private insurance plans two to more than four times what Medicare paid for the same outpatient services, according to a new study.
May 21, 2019 Life & Health Ohio

Insurance Giants Allstate And State Farm File Fraudulent Billing Suits Against Healthcare Providers

Two U.S. insurance giants have each filed a lawsuit against medical doctors as well as the pain management clinics of those healthcare providers. The doctors and clinics have been accused of submitting bills to the insurers for unnecessary medical procedures conducted on victims of vehicle crashes.
May 20, 2019 Fraud Life & Health

Longing To Be The Diaper King

Every once in a while, we come across a creative idea or concept and ponder, why didn’t I think of that? Or maybe we think, why didn’t I ponder of that?
May 17, 2019 Fraud Life & Health Weird

AZ Firefighters Say Cities Breaking New Workers’ Compensation Law

Phoenix, AZ – Despite a new Arizona law, firefighters say their workers’ compensation claims are being denied for the cancers they develop as a result of their jobs.

Cities and towns in Arizona, however, say that’s not the case.
May 16, 2019 Life & Health Workers' Compensation

A Way to Attack Healthcare Fraud

If insurers want to mitigate risk, rather than risk their time and money with litigation, if they want to guard against fraudulent claims, if they want to protect good doctors against wrongful claims, then they should invest in sound legal counsel.
May 13, 2019 Liability Life & Health Litigation Risk Management

At $1.2 Billion, Massive Medicare Fraud Case May Just Be Tip Of Iceberg

A record Medicare fraud bust–totaling $1.2 billion in wasted tax dollars–may just be the tip of the iceberg in a case that keeps raising troubling and expensive questions.
May 1, 2019 Fraud Life & Health

Dozens Of Doctors In Appalachia Charged In Opioid Fraud Bust

Dozens of medical professionals in Appalachia, a region hard-hit by the U.S. opioid crisis, have been charged with writing hundreds of thousands of illegal prescriptions and committing health care fraud, federal prosecutors said on Wednesday.
April 18, 2019 Fraud Life & Health Alabama Kentucky Louisiana Ohio Pennsylvania
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