By Douglas Gillison and Pete Schroeder (Reuters) – The White House on Thursday moved to reassure the nation’s community banks that they would not have to foot a $23 billion …
Topic:
Insurance
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By Svea Herbst-Bayliss NEW YORK (Reuters) – Billionaire investor William Ackman who spent years telling corporations how to perform better is now taking on the U.S. government by calling for …
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By Hannah Lang (Reuters) – The Federal Deposit Insurance Corp (FDIC) and its flagship deposit insurance fund have been active since the Great Depression to provide an orderly resolution for …
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Janet Yellen Says Government Won’t Offer ‘Blanket Insurance’ Of Bank Deposits Jason Cohen on March 22, 2023 Treasury Secretary Janet Yellen told lawmakers Wednesday that the Federal Deposit Insurance Corporation …
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By Hannah Lang and Pete Schroeder (Reuters) – In the United States and many other countries, the government guarantees a certain amount of each customer’s deposits in the event of …
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By Douglas Gillison and Pete Schroeder (Reuters) – U.S. policymakers should avoid a “knee jerk” reaction in considering changes to bank deposit insurance guarantees in the wake of Silicon Valley …
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Health insurers may soon be required to cover hearing aids and cochlear implants for individuals under 21 years of age thanks to legislation sponsored by Sen. Vince Polistina and approved …
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JERSEY CITY, NEW JERSEY – Hudson County Prosecutor Esther Suarez announced the arrest of 41-year-old Issa Almaet for insurance fraud on Thursday. The Hudson County Prosecutor’s Office Insurance Fraud Unit …
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Health insurers may soon be required to cover hearing aids and cochlear implants for individuals under 21 years of age thanks to legislation sponsored by Sen. Vince Polistina and approved …
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Sen. Jon Bramnick said new legislation would ensure that patients and other insurance customers have someone fighting for them in Trenton.
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‘My Insurance Thinks I’m Lying’: Rampant Theft Is Bringing Business Owners To Their Knees In One Liberal City Trevor Schakohl on February 24, 2023 Small business owners in San Francisco …
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Owner Of Insurance Firm Pleads Guilty In $40 Million Scheme To Steal Client Healthcare Funds And Defraud Lenders
by DOJ PressDamian Williams, the United States Attorney for the Southern District of New York, announced today that ANTHONY RICCARDI, an owner and manager of the Connecticut insurance firm Employee Benefit Solutions …
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NEWARK, NJ – A Newark doctor has admitted to federal authorities that he lied to the FBI about his role in a an insurance fraud and money laundering sceheme. The …
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By Priyamvada C (Reuters) – Demand for travel insurance in the United States is set to jump this year, as more Americans turn cautious after a spike in flight cancellations …
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By Chris Taylor NEW YORK (Reuters) – Joe Natiello is facing what you might call a “nice problem to have.” Almost 20 years ago, the 64-year-old Westfield, New Jersey, resident …
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By Ahmed Aboulenein WASHINGTON (Reuters) – More than 16 million Americans signed up for Obamacare health insurance for 2023, a jump of more than 12% over last year and the …
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Former insurance agent pleads guilty to defrauding customers by creating life insurance policies in their names without victims’ knowledge
by DOJ PressCINCINNATI – A former insurance agent pleaded guilty in U.S. District Court to defrauding dozens of victims in the Cincinnati and Dayton area. Specifically, Seneca Birchmore, 45, of Cincinnati, …
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Windsor Mill Couple Facing Federal Charges for Allegedly Obtaining and Attempting to Obtain Multiple Fraudulent COVID-19 Cares Act Loans and Fraudulent Unemployment Insurance Benefits
by DOJ PressBaltimore, Maryland – A federal criminal complaint has been filed charging Tomeka Glenn, age 46, and Kevin Davis, age 42, both of Windsor Mill, Maryland, for conspiracy to commit wire …
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Over one million registered New Jersey drivers will see their insurance rates go up this month after a state law that increases the minimum liability coverage took effect on January …
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PHOENIX, Ariz. – On Tuesday, Isrrael Millan, III, 40, of Yuma, Arizona, was found guilty by a federal jury on one count of Conspiracy to Commit Fraud, eight counts of …
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New York Attorney And Doctor Convicted Of Defrauding New York City-Area Businesses And Their Insurance Companies Of More Than $31 Million Through Massive Trip-And-Fall Fraud Scheme
by DOJ PressDamian Williams, the United States Attorney for the Southern District of New York, announced the convictions today in Manhattan federal court of GEORGE CONSTANTINE, a New York lawyer, and ANDREW …
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Fouad K. Zeton Charged with Wire Fraud Conspiracy for Role in Insurance Fraud and Bribery Scheme
by DOJ PressNEW ORLEANS – The United States Attorney’s Office announced that FOUAD K. ZETON was indicted on December 8, 2022 for conspiracy to commit wire fraud. The indictment alleges that ZETON …
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ANKARA (Reuters) – Turkey’s maritime authority said on Thursday it would continue to block the passage of oil tankers without appropriate insurance letters, adding that the insurance checks on ships …
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Generali plans sale of $21 billion of its Italian life insurance portfolio -Bloomberg News
by Reuters(Reuters) -Italian insurer Generali SpA is planning to sell roughly 20 billion euros ($21 billion) of its Italian life insurance portfolio, Bloomberg News reported on Wednesday, citing people familiar with …
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Opioid Abuse Treatment Facility to Pay $3.15 Million for Kickback Violations, Obstructing Federal Audit, and False Claims Submitted to Government Insurance Programs
by DOJ PressCAMDEN, N.J. – An opioid abuse treatment facility in Camden will pay a total of $3.15 million to resolve criminal and civil claims that it caused kickbacks, obstructed a federal …