Tag: Insurance News

Medicare Genetic Testing Fraud Nets Prison Time and $7.2M Restitution

Patrick Moore Jr. sentenced to 46 months for Medicare genetic testing fraud, highlighting ongoing challenges in healthcare compliance and anti-kickback enforcement.

Hong Kong Insurers Brace for $334M Claims After Deadly Wang Fuk Court Fire

Hong Kong's insurance sector faces over US$334M in claims after the Wang Fuk Court fire, with insurers streamlining claims and offering premium relief.

Federal Move to Cut Obesity Drug Prices Expands Medicare Coverage

The federal government lowers obesity drug prices and expands Medicare coverage, impacting millions of patients and primary care providers with new access and cost structure.

Aspen Insurance Holdings Declares Preferred Share Dividend for 2026

Aspen Insurance Holdings Ltd declares preferred share dividend payable in early 2026, highlighting its steady dividend history and specialized insurance and reinsurance operations.

UNC Health-Cigna Contract Dispute Leaves 65,000 Members Facing Out-of-Network Costs

UNC Health and Cigna have not renewed their contract, causing 65,000 members in North Carolina to face out-of-network costs and patient care disruptions. Ongoing negotiations aim to restore network access.

OneAmerica Financial Boosts 2026 Policyholder Dividends by 17%

OneAmerica Financial raises dividend interest rate for 2026 by 17%, reflecting strong financial stability and credit ratings from AM Best and S&P, enhancing policyholder returns.

Kyle Busch's $8.6M Loss Highlights Risks of Indexed Universal Life Insurance

NASCAR's Kyle Busch lost $8.6 million in premiums due to fees and performance issues in an Indexed Universal Life insurance policy sold by Pacific Life. This case highlights risks and compliance issues in IUL policies for insurance professionals.

Pan-American Life Insurance Group Appoints David J. Turner Jr. to Board

Pan-American Life Insurance Group appoints David J. Turner Jr. to its Board of Directors, enhancing governance and strategic leadership in the life and health insurance market in the Americas.

Pivix and Everspan Unveil New E&S Casualty Insurance Program

Pivix Specialty Insurance Services and Everspan Group launch a new primary general liability E&S casualty program targeting contractors, real estate, hospitality, and manufacturing sectors, enhancing MGA offerings through wholesale brokers.

UnitedHealth Faces DOJ Scrutiny Over Medicare Advantage as Industry Faces AI and Market Shifts

UnitedHealth Group responds to DOJ investigations into Medicare Advantage amid broader insurance market changes including AI automation and pharmaceutical supply dynamics.