Day: April 9, 2015

Health Insurance Brokerage: Lowest Pricing Drives Sales in Fully Insured Market

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By Homer G. Farnsworth

Does it matter how good you service a fully-insured account, or how long you have had it? Under the PPACA the answer is “probably no.” Low price has become the determining factor between success or failure in retention of business in today’s fully-insured market.

Most brokers remaining in the fully-insured market live or die on rates alone.

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Allstate Wins $46 Million Judgement In RICO Suit Over Health Claims

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By Kurt Orzeck

Law360, New York (April 08, 2015, 9:35 PM ET) — A New York federal court on Wednesday entered a $45.7 million default judgment in favor of Allstate Insurance Co. and other insurance companies in their Racketeer Influenced and Corrupt Organizations Act suit alleging a vast money-laundering conspiracy to bill for fraudulent health claims.

Continue reading Allstate Wins $46 Million Judgement In RICO Suit Over Health Claims