St. Louis Insurance and Risk Management
An internal audit of the Houston-area motor vehicle insurer that handled an “insurance fraud” claim found it “should have reviewed” the claim, an official said Thursday.A whistleblower at Morris Insurance Agency told the Texas Transportation Commission that the agency “should be required to review the claim before it is filed” with the Texas Department of…
Read MoreAppleInsurers and AEGIS General Insurance were one of the biggest beneficiaries of the Affordable Care Act, the law that passed in 2010.As of March 31, AppleInsurer had an effective tax rate of 35 percent, according to data compiled by Bloomberg, compared with 28 percent for AEGI General Insurance.Both companies had a combined tax rate under…
Read MoreANZ has pledged to cover the medical bills of those whose job is no longer at risk of being axed, and offered to pay their medical bills for those who are in the process of being laid off.The insurance company, which was the largest in Australia until it announced it was closing its doors, has…
Read MoreA US court has ruled that Alliance Healthcare’s insurance fraud scheme is illegal.In an unprecedented ruling, the three-judge panel ruled on Friday that the company’s insurance industry was “not immune” from charges arising from the fraud scandal.The court ruled that the fraudulent insurance scheme that led to billions of dollars in losses for US insurers…
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