Minnesota shutdown threatens insurance regulators, could put consumers at risk

The government of Minnesota is on the verge of a shutdown, which does not bode well for some of the state’s insurance regulators. According to Judge Kathleen Gearin of Ramsey County, whom is overseeing state spending during a shutdown, insurance investigators are not to be considered critical to the function of the state’s government. Gearin has denied requests to fund fraud investigation upon the recommendation of Kathleen Blatz, special master in the shutdown hearings. Minnesota’s shutdown has loomed on the horizon for several months now, yet neither Democrats nor Republicans…

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New York is fraught with insurance fraud

According to a new report by the National Insurance Crime Bureau (NICB), Buffalo, New York, is home to a staggeringly high amount of questionable medical insurance claims. Second only to New York City, Buffalo adds to the states already extensive history of insurance turmoil. The report takes into account all occurrences of claims that have been found as “faked or exaggerated,” as well as instances of “excessive treatment.” The 7,026 questionable claims were filed throughout the state last year. Buffalo accounts for 145 of those, with New York City taking…

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