Here’s the short version: Xenex, a Colorado-based manufacturer of electrotherapy devices for pain management, reportedly made its money not by selling good products, but by filling patients with supplies they never asked for — electrode pads, batteries, the works — and then billing insurers for all of it. According to a federal indictment unsealed on…
In an earlier notice, within the Department of Professional and Financial Regulation, the Superintendent of the Maine Bureau of Insurance proposed to repeal Rule 160: “Summary Requirements for Qualifying Status to Transact ‘Export Lines’ of Insurance With Respect to Qualified Surplus Lines Insurer Risks That Are Residently Located or to be Executed in Maine.” In…
The Washington State Insurance Commissioner’s bill would also expand the statutory definition of victims of insurance fraud to include insurance consumers and insurance beneficiaries, making them eligible for criminal restitution, and expand statutory reporting of suspected insurance fraud to the Insurance Commissioner by adding regulators of health care or financial services businesses and other law…
