INSURASALES

Tag: Regulatory Compliance

Minnesota Program Fraud Exposes Oversight Failures in State and Legislature

Minnesota state programs reveal significant fraud due to failures in executive oversight and legislative resistance. Federal investigations highlight ongoing challenges in public program compliance and accountability.

Pacific Guardian Life Reaches $2M Settlement in 2023 Cybersecurity Breach Class Action

Pacific Guardian Life settles $2 million class action over August 2023 data breach exposing sensitive customer data. Eligible claimants may receive up to $2,020. Claim deadline Dec 21, 2025.

State Farm Faces North Carolina Class Action Over Total Loss Valuation Practices

State Farm sued in North Carolina for allegedly undervaluing total loss claims by reducing retail values of comparable vehicles, raising regulatory and compliance issues in insurance claim valuations.

Florida Pastor Accused of Forging Life Insurance Policy on Ill Congregant

Florida pastor charged with forging a $100,000 life insurance policy on a church member undergoing surgery, highlighting risks of beneficiary fraud in life insurance.

CMS Star Ratings Upheld in Humana Medicare Advantage Lawsuit; Class Actions Impact Insurer Litigation

Court upholds CMS decision on Humana Medicare Advantage star ratings amid rising class-action insurance lawsuits involving provider network inaccuracies and insurer duties.

Illinois AG Sues State Farm Over Refusal to Share Homeowners Insurance Data

Illinois Attorney General sues State Farm for withholding homeowners insurance data from state regulators, emphasizing issues of transparency and compliance in insurance market oversight.

ACA Federal Tax Credits Expiry Triggers Health Premium Surges Amid Government Shutdown

ACA federal tax credits supporting over 20 million Americans face expiration amid 2025 government shutdown, causing health insurance premium spikes, notably in New York counties. Understand the regulatory and market impacts for insurers and insureds.

No UPCODE Act Targets $124 Billion Medicare Overbilling to Save Taxpayers

The No UPCODE Act aims to save taxpayers $124 billion by curbing Medicare overbilling practices by insurers like UnitedHealthcare, promoting fiscal responsibility and enhancing Medicare program sustainability.

Meanwhile Raises $82M to Expand Bitcoin-Denominated Life Insurance Products

Meanwhile secures $82M funding to scale Bitcoin-denominated life insurance and retirement products, highlighting expansion of crypto-linked financial services in regulated insurance markets.

UnitedHealth to Exit Medicare Advantage Plans in 16 Counties Amid Cost and Reimbursement Challenges

UnitedHealth will stop offering Medicare Advantage plans in 16 U.S. counties by 2026 due to CMS funding cuts and rising healthcare costs, impacting 180,000 members and shifting focus to sustainable care models.