Chubb introduces new insurance product focused on cybercrime and fraud

August 30, 2012August 29, 2012 S.Vagus

Chubb aims to provide health care provider with new protections The Chubb Group of Insurance Companies, the eighth largest property/casualty insurer in the U.S., has announced the launch of a new insurance product that is aimed at helping small to mid-sized health care organizations manage cybercrime and fraud. Data breach has been a serious issue for many industries and may soon become a serious problem in health care. Per the Affordable Care Act, most health care records are to be stored electronically. The law also paves the way for a…

Rhode Island Insurance Commissioners wins new powers from the state Superior Court

October 13, 2011 S.Vagus

Rhode Island’s Superior Court has passed a ruling granting the state’s Insurance Commissioner, Christopher F. Koller, the power to regulate contracts between insurance companies and health care providers. The ruling stems from events that unfolded in 2008 when Koller nullified a contract between Rhode Island’s Blue Cross Blue Shield health insurance company and the Care New England hospital group. The contract would have brought major benefits to the medical group at the expense of consumers, Koller claimed. In response, Care New England filed a suit against the Insurance Commissioner to…