In addition the physical devastation it caused, the Chile earthquake has produced massive losses in the insurance industry. Reinsurance companies Munich Re and Swiss Re reported on Wednesday that they will suffer losses of $500 million from the Chile earthquake. As a whole, the insurance industry will face $4 billion - $7 billion losses.
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Yesterday, the White House revealed plans to debut a new program to fight Medicare fraud. The new plan will use payment recapture audits to identify and combat fraud. The audits provide monetary incentives to auditors who catch improper payments.
Full ArticleA satisfying sex life has long been associated with good physical health, but a new study indicates that the reverse is true as well. In other words, good general health leads to a better, longer sex life. The study found that men, on average, have a longer "sexually active life expectancy" as well.
Full ArticlePolice have arrested Californian Anthony Digati over a threatened email spam assault on New York Life. Digati was upset with the life insurance company after he invested $50,000 in a variable policy. Digati wanted a fourfold return on his investment in the policy.
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