Tag: Regulatory Compliance

Asia Pacific Non-Life Insurers Project Stability and Innovation Through 2026

Asia Pacific non-life insurers are expected to maintain stable margins and strong solvency in 2026, focusing on innovation, cyber governance, and international expansion while managing evolving capital regulations.

Zurich and Insurity Extend 30-Year Cloud-Based Insurance Collaboration

Zurich Insurance extends its 30-year partnership with Insurity, enhancing cloud-based policy administration and bureau managed services for improved compliance and efficiency in the U.S. insurance market.

Ex-Oak View Group CEO Pardoned Following Antitrust Bid-Rigging Indictment

Former Oak View Group CEO Tim Leiweke pardoned after antitrust indictment for rigging a public arena bid in Texas, raising compliance and legal risk considerations for corporations.

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.

Cheche Group Advances Digital Auto Insurance via Integration with China’s 12123 Platform

Cheche Group partners with China FAW Group to integrate auto insurance services with the 12123 government platform, streamlining digital vehicle insurance and registration processes.

NAIC Strengthens Oversight of Life Insurance Market Amid Low Interest Rates

The NAIC and state regulators have enhanced oversight over the U.S. life insurance market, updating solvency frameworks, capital requirements, and transparency measures to address risks from low interest rates and complex investments.

HHS-OIG Recommends CMS Recover Overpayments and Improve Billing Controls

HHS Office of Inspector General urges CMS to recover $3 million in overpayments and enhance billing accuracy through improved claim reviews and system edits to ensure regulatory compliance.

LIAM Clarifies Insurance Agents' Limited Role in Medical Claims Processing

LIAM states Malaysian insurance agents act as intermediaries without formal roles in medical claims, highlighting insurer-controlled claims processing and FMOS dispute resolution.

GAO Report Highlights Persistent Fraud Risks in Obamacare Premium Subsidy Program

GAO report reveals significant fraud risks and mismanagement in Obamacare's Advance Premium Tax Credit program, highlighting challenges in eligibility verification and fraud risk controls.

CMS Launches ACCESS Model for Tech-Enabled Chronic Care Value-Based Payments

CMS announces the ACCESS Model, a 10-year voluntary value-based payment program to expand tech-enabled care for Medicare chronic condition patients, linking payments to health outcomes.