A day after New York’s attorney general took aim at UnitedHealth Group’s health-care reimbursement procedures, the ultimate financial implications for the nation’s largest insurer were yet to come into focus.
But there is little doubt that Andrew Cuomo’s probe has handed company executives a significant distraction and a bit of a black eye.
Although some analysts believe […]
The office of Andrew Cuomo, attorney general for the state of New York, has been the source of a number of major consumer and civil investigations in recent years, including:
%26bull; 2002 - 2003: An investigation of Wall Street investment firms resulted in a $1.4 billion settlement by 10 firms accused of conflict of interest in […]
Led by New York Attorney General Andrew Cuomo, a phalanx of interests charged Minnetonka-based UnitedHealth and its Ingenix division with denying millions of dollars in claims for millions of Americans when they use doctors outside of their insurer’s network.
Cuomo said Wednesday that he plans to sue UnitedHealth, launch an industrywide investigation into billing procedures and […]
ST. CLOUD - Gov. Tim Pawlenty gave Minnesota a sloppy Valentine on Wednesday, telling a hand-picked audience at the St. Cloud Civic Center that we have an unstoppable forward momentum toward greatness.
Greatness was the message of his State of the State Address — delivered to a small audience of invited big shots (and 75 empty […]
Minnesota homeowners who want to install solar panels on their roofs describe the panels as cool, forward, space-age. But unsightly is another word that crops up often when they go before neighborhood association boards, some of which ban solar panels in their covenants.
It’s a conflict that can put friendly neighbors in an awkward position of […]
Seven Bank Ltd. rose 24 percent on
its first day of trading after Japans largest initial public
offering since Sony Corp.s financial unit sold $3 billion of
shares in October.
Seven Bank, the financial unit of Japans biggest retailer
Seven I Holdings Co., closed at 174,000 […]
Two former Marsh McLennan Cos.
executives were found guilty of restraint of trade and acquitted
of 20 other charges after the first bid-rigging trial in a New
York probe of anticompetitive insurance sales practices.
William Gilman and Edward McNenney were the first of seven
former executives […]
Billionaire investor Warren
Buffetts Berkshire Hathaway Inc. said fourth-quarter profit
fell 18 percent on declining insurance rates.
Net income decreased to $2.95 billion, or $1,904 a share,
from $3.58 billion, or $2,323, a year earlier, the Omaha,
Nebraska-based company said today in a statement. Berkshire
typically gets about […]
Sanlam Ltd., the second-biggest
insurer in Africa, said profit rose as much as 30 percent in
2007, beating analysts estimates, helped by new policy sales.
So-called core earnings a share climbed between 25 percent
and 30 percent last year from 2006, the Cape Town-based insurer
said today […]
Sanlam Ltd., the second-biggest
insurer in Africa, said profit rose as much as 30 percent in
2007, beating analysts estimates, helped by new policy sales.
So-called core earnings a share climbed between 25 percent
and 30 percent last year from 2006, the Cape Town-based insurer
said today […]