Live Insurance News

Insurance fraud discovered in Maryland’s second largest school system

September 25, 2014September 22, 2014 H. Cutner

The CFO of Prince George’s school system has been placed on administrative leave with pay following accusations. The head budget official for the second biggest school system in Maryland now finds himself on administrative leave with pay after it was discovered by school officials that it is likely that he has committed insurance fraud. The officials discovered an order form from the Maryland Insurance Office in which fraudulent activities occurred. The Prince George’s County Public School System’s chief financial officer, Colby R. White, as well as his wife, Keisha, who…

Retroactive health insurance in Maryland attracted only 9 people so far

March 6, 2014March 3, 2014 H. Cutner

So far only nine people from the state have signed up for the emergency legislation option. Despite the fact that an emergency temporary retroactive health insurance legislation has been put into place to allow people in Maryland to be able to make sure that they meet the requirements of the health care reform, despite the fact that their online exchange has been faulty, at the last tally, there were only nine people who have signed up to participate in this opportunity. Near the start of the year, the expectation was…

Health insurance exchange contractor gets the axe in Maryland

February 28, 2014February 25, 2014 G. Turner

The company behind the hugely costly but highly defective online marketplace has been fired. The state of Maryland has now fired the contractor that was behind the creation of the expensive health insurance exchange online marketplace that was supposed to allow the state to be able to comply with the federal health care reform. The defects in the site are extensive enough that Maryland may have to abandon part or all of the system. Despite the fact that the health insurance exchange creation came with a tremendous price tag, it…

Health care reform brings better insurance to some in Maryland

January 21, 2014January 18, 2014 Julie Campbell

Consumers in the state are not signing up in record numbers but they are trading up for improved coverage. According to some of the latest figures from the health care reform in Maryland, the insurance exchange in the state isn’t necessarily making a tremendous dent in the number of uninsured people, but it is giving individuals a way to make sure that they are receiving the best possible coverage. Many people have upgraded their coverage but are paying less for their plans. The state doesn’t yet have the data regarding…

Insurance company shut down in Maryland

January 20, 2014January 18, 2014 Julie Campbell

This recent news shows that yet another insurer related to Hal Katz has had its license revoked. The Maryland Insurance Administration (MIA) has revealed that it has shut down yet another insurer that is related to Hal Katz, the well known Baltimore policy pitchman, in a trend that has continued since December. The last two insurers were owned by Katz’s son and had their licenses revoked, closing them down. Those companies were both run by Geary Katz and were called Laurel Insurance Corporation and Senate Insurance. According to recent news…