A state-created insurance company has built a competitive advantage by enjoying a best-of-both-worlds scenario avoiding federal income taxes by claiming to be a public corporation yet generally operating as a private entity and shelling out big bucks for executive perks, according to a report Monday by the Missouri auditor.
An investigative report co-published by ProPublica and the Los Angeles Times says CNA Financial Corp. is facing a criminal investigation based on the way it handled claims related to a federally funded program for contractors killed or injured while working overseas.
Reinsurers and primary carriers flush with cash after a few good years of strong earnings could be spending their money more wisely by beefing up their training programs and technology
The state insurance division said it first learned of the fraud in late March or early April and is disclosing its findings at this time only because it has been unable to determine how many auto insu
CE School's Out For Insurance Firm G.I.sBy Jim Connolly NU Life & Health Sr. EditorNU Online News Service, March, 20, 1:30 p.m. EST?Insurance regulators said ...