insurance companies News

Roman Catholic Archdiocese of New York Sues Insurers Over Future Abuse Claims

The Roman Catholic Archdiocese of New York has sued more than two dozen insurance companies, seeking to compel them to cover claims filed by people who say they were abused by clerics. Church officials anticipate that numerous alleged abuse victims …

Third Compliance Date Approaching for New York Cybersecurity Regulation

The third transitional period for New York’s first-in-the-nation cybersecurity regulation for all Department of Financial Services (DFS) regulated entities ends on September 4, 2018. Beginning on September 4, banks, insurance companies and other financial services institutions regulated by DFS are …

Candidate Seeks to File Brief in Connecticut Crumbling Foundations Case

A Democratic candidate for state Attorney General is seeking permission to become involved in a court case involving eastern Connecticut homeowners whose foundations are crumbling. Wethersfield state Sen. Paul Doyle filed a piled a petition Thursday in state Supreme court …

$4M Settlement Reached in Lawsuit Over Boating Death

The parents of a man who died in a Virginia boating accident have reached a $4 million settlement in a lawsuit they filed over his death. Graham McCormick’s family sued his friend, John Randolph Hooper of Richmond, Va., accusing him …

N.Y. Updates Insurance Company Disaster Response, Recovery Plan Requirements

The New York Department of Financial Services (DFS) has issued updated disaster response and recovery plan requirements for all insurance companies licensed to conduct business in New York state. It issued these updated requirements in light of disasters that may …

Judge Rules Convicted Swindler in Connecticut Won’t Have to Pay Restitution

A judge has ruled that a former Connecticut insurance broker convicted of swindling millions of dollars from several elderly clients won’t have to repay the money, as originally ordered. Galan Newton was sentenced to 15 years in prison in 2001 …

Ex-Chiropractor in New Jersey Gets Prison Term for Medical Fraud Ring Role

A New Jersey chiropractor whose license was revoked more than 15 years ago is now headed to prison for his role in a medical fraud ring that stole nearly $4 million from insurance companies. Philip Potacco received a seven-year sentence …

Connecticut Dental Practice Manager Pleads Guilty to Wire Fraud

The office manager of a Stamford, Conn., dental practice has pleaded guilty to using a retired dentist’s records to charge insurance companies almost $600,000 for work that was never performed. Elena Ilizarov pleaded guilty in federal court this week to …

Washington Sues Contactor Building $3.1B Seattle Tunnel

Washington is suing the contractor building the $3.1 billion tunnel replacement project for Seattle’s Alaskan Way Viaduct. In a statement late Friday afternoon, the Department of Transportation says it filed the lawsuit against Seattle Tunnel Partners in King County Superior …

California Doctor Indicted in $150M Insurance Fraud Not in Custody, D.A. Says

Los Angeles prosecutors say the doctor who orchestrated a $150 million insurance fraud scheme and allowed his assistant to perform surgeries is not in custody in Germany as they had previously reported. A spokeswoman for the Los Angeles district attorney …