June 28th, 2010Lotion Sweet: http://bit.ly/9…
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June 28th, 2010WellCare Suit Unsealed in Florida
>June 29–TAMPA — Of all the ugly allegations against WellCare Health Plans, the ugliest may be this: scheming to remove neonatal babies and the terminally ill from its membership rolls.
On Monday, the U.S. District Court in Tampa unsealed a whistleblower lawsuit brought by former WellCare senior financial analyst Sean Hellein. He filed the suit in 2006 on behalf of himself and the U.S. government, and he is represented by the Tampa law firm of Cohen, Foster & Romine.
Hellein says he cooperated in a government investigation of Tampa-based WellCare and provided evidence of widespread deception within the company, largely designed to profit illegally from the Medicaid insurance system for low-income people.
June 27th, 2010Big Breach at Anthem Blue Cross
Anthem Blue Cross, the trade name for Blue Cross of California, is notifying about 230,000 members and applicants for insurance that a Web site used to apply for individual health insurance policies was breached.
The insurer says attorneys working on a class action lawsuit were able to access medical information and credit card and Social Security numbers, among other information, because all security mechanisms were not reinstated following an October 2009 upgrade.
An attorney representing affected individuals told the Associated Press that the information was not secure for five months.
June 26th, 2010Transamerica Life Multi-life Term Coverage Key Benefits
Transamerica Life’s Term Select Policies are available as 10-year, 20-year, and 30-year terms. Transamerica’s term select policies, allow multi-life coverage with the following key benefits:
1. Up to 17 coverage plans (any combination of base-coverage and riders) can be included under one policy, including the support of up to five joint lives per plan.
2. Combined banding, which means that Transamerica adds the sum of all non-joint insurance coverage’s on one life when setting the rate-band for their coverage. The higher the rate-band, the lower the cost of insurance per $1,000 that one pays.
June 24th, 2010More U.S. Firms Buying Terrorism Insurance
U.S. terrorism insurance purchase rates continued to climb in 2009 as companies of all sizes and across all industries continued to buy terrorism coverage, according to a report by global broker Marsh.
Of the firms surveyed by Marsh, 61% purchased property terrorism insurance in 2009, an increase from 57 % in 2008 and representing a steady climb from 27 % in 2003, according to the report, Terrorism Risk Insurance 2010.
However, the report found that median premium rates declined from $37 per million of total insured value (TIV) in 2008 to $25 per million in 2009.