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Greg Lindberg ponders appeal as policyholders await June funds …
WEBMar 8, 2024 · Liquidation to be finalized. The ruling clears the way for liquidation proceedings to continue against the two Bankers Life insurers. "As it stands now, the Order of Liquidation will become ...
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WEB4 days ago · September 17, 2024. The Best’ s Market Segment Report,“ Market Segment Outlook: China Non-Life Insurance,” notes that the segment’ s solvency ratios under China Risk-Oriented Solvency ...
Greg Lindberg back on trial for alleged bribery of insurance ...
WEBMay 7, 2024 · Troubled financier Greg Lindberg faces a second trial on high-profile bribery allegations starting Tuesday. Lindberg was convicted in 2020 on bribery and fraud charges, along with consultant John ...
responding to an insurer’s recoupment of past payments
WEBJul 1, 2014 · Once an overpayment demand letter is received or a past payment is recouped, it is vital to quickly investigate and address the carrier's allegations. Carriers' internal appeals processes run on ...
Caught in financial storm, P&C insurers turn to reorg, layoffs
WEBOct 24, 2023 · The $13.2 billion in underwriting losses was the highest ever – almost three times higher than its 2021 results. (-$4.7 billion). Its operating loss to fell to $8.3 billion for its property ...
‘Excess mortality’ continuing surge causes concerns
WEBOct 26, 2023 · The Society of Actuaries polls of its members found that in August of last year 85% thought excess morality rates would continue to 2025. Two months ago, the same poll found that 79% believed ...
NC regulators release $1.2B from former Lindberg insurers in ...
WEBSep 15, 2023 · Regulators are releasing 25% of funds due to policyholders of Colorado Bankers Life Insurance Co. and Bankers Life Insurance Co. The withdrawal program is already underway, regulators said.
State Farm accused of evading discovery in lawsuit over total loss ...
WEBMar 5, 2024 · Systematic fraud alleged. State Farm is accused of applying an across-the-board adjustment of 4-11% to vehicle total loss valuations. The TNA adjustment "was not based on any empirical data ...