New York to build health insurance exchange after executive order is issued

New York Governor Andrew Cuomo Insurance News

New York health insurance system gets the go ahead With the current fate of the federal Affordable Care Act unknown, many states have slowed down in making progress on complying with the law’s various provisions. One provision in particular concerns the establishment of health insurance exchanges in each state. These exchanges are meant to help lower the cost of health insurance coverage by increasing competition amongst insurers. The initiative has been somewhat popular amongst consumers and some insurance companies, but state lawmakers have been divided on the issue since the…

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Allstate sues 10 New York area defendants for $5 million in insurance fraud

Allstate Insurance Company has filed a lawsuit against 10 defendants in the New York area in order to help to recover $5 million in fraudulent insurance claims. This is the company’s fourth lawsuit of this nature this year. The complaint includes specific mention of five medical professional corporations, a physician, one corporation, and three individuals who are not physicians. Thirty one fraud lawsuits worth over $170 million in damages have been filed by Allstate in the state of New York since 2003. New York state is a hotbed of insurance…

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