NY Governor signs legislation to combat heroin, opioid crisis

NY Governor signs legislation to combat heroin, opioid crisis

(New York, NY – Insurance News and Markets) – In late June, Gov. Andrew M. Cuomo signed a comprehensive package of laws that limits opioid prescriptions to seven days and requires prescriber education on pain management. The package also increases the number of beds available for treatment by nearly 300 and adds more than 2,300 […]

Nearly two dozen individuals charged in health care fraud

Nearly two dozen individuals charged in health care fraud

(Los Angeles, CA – Insurance News and Markets) –  late June, 22 individuals were named as defendants in healthcare fraud cases involving more than $161 million in fraudulent billing to government healthcare programs.  These individuals were charged in 13 federal cases, as part of a national health care fraud sweep. Several medical professionals were charged […]

FAIR Plan to refund consumers $350,000 over unfairly cancelled insurance policies

FAIR Plan to refund consumers $350,000 over unfairly cancelled insurance policies

(Boston, MA – Insurance News and Markets) – The Massachusetts Property Insurance Underwriting Association (FAIR Plan) will pay $350,000  to settle allegations of  impermissibly cancelled homeowners insurance policies between January 2010 and February 2014. The assurance of discontinuance notes that the FAIR Plan will pay $350,000 to settle allegations that it has been cancelling hundreds […]

Sanford Health Plan ordered to pay more than $20,000

Sanford Health Plan ordered to pay more than $20,000

(Bismarck, ND – Insurance News and Markets) – In late June, North Dakota Insurance Commissioner Adam Hamm announced disciplinary action against Sanford Health Plan. A consent order issued last month issues more than a dozen ads for Medicare supplement insurance products that the company did not file with the Department of Insurance over a five […]

Connecticut cardiologist charged with insider trading

Connecticut cardiologist charged with insider trading

(Washington, D.C. – Insurance News and Markets) – On Aug. 4, the Securities and Exchange Commission today charged Dr. Edward Kosinksi, a cardiologist from Weston, Connecticut, with insider trading on confidential developments as he worked on a clinical drug trial. The SEC alleges that Dr. Edward Kosinski of Weston, Connecticut, traded in advance of two […]

Pending home sales rise slightly in June

Pending home sales rise slightly in June

(Washington, DC – Insurance News and Markets) – According to the National Association of Realtors, the number of pending home sales didn’t change much, although they did increase slightly. Two factors holding back a stronger rise include supply and affordability constraints. The Pending Home Sales Index, a forward-looking indicator based on contract signings, inched 0.2 […]

Fewer Small Employers Offering Health Coverage; Large Employers Holding Steady

Fewer Small Employers Offering Health Coverage; Large Employers Holding Steady

(Washington, DC – Insurance News and Markets) -According to an Employee Benefit Research Institute piece published last month, fewer small employers are offering health insurance to their employees, but the number of large employers are remaining steady. Employers with more than 1,000 employees and those with 100-999 employees have remained steady in offering health insurance. […]

Missouri insurance regulators resolve United Healthcare dispute

Missouri insurance regulators resolve United Healthcare dispute

(Jefferson City, MO – Insurance News and Markets) – The Missouri Department of Insurance has reached an agreement with United Healthcare Insurance Company, All Savers Insurnace Company and United Healthcare Life Insurance Company following investigation of claims that the companies restricted access to medical providers by requiring referrals before an individual could get treatment from […]