Tag Archives: Holiday insurance over 80

AIG, Gen Re Execs Convicted of Sham Finite Re Transaction Return to Court

The case of five former insurance executives who were sentenced to jail for a sham finite reinsurance transaction heads to an appeals court Nov. 17. U.S. vs. The five former executives, four from General Reinsurance Corp. and one from American International Group Inc., were convicted after a six-week jury trial in 2008.

Despite AG’s Request, Anthem’s Connecticut Rate Hearing to Proceed as Planned

A Nov. 17 Connecticut public hearing on Anthem Blue Cross Blue Shield’s requested premium rate increases will proceed, despite requests by some state officials to delay the hearing. “The uncertainty resulting from delay of the…proceeding would not be beneficial” for consumers, wrote hearing officer Mark R. Franklin, of the state insurance department, in the Nov. 16 decision.