The owner and operator of a Colorado health plan company pleaded guilty to several charges related to his defrauding and embezzling medical benefit clients of up to $7 million. Gerald Rising Jr., 60, a Centennial, Colo., resident who owns and operates Rural Health Plans Initiative Administration Co., also based in Centennial, pleaded guilty in U.S. [...]

A new set of rules have been released by the New York Insurance Department (NYID) that requires insurance agents and brokers to release information to their clients about how they are paid. This regulation will go into affect on January 1st next year. According to Insurance Journal, the Superintendent of NYID said in a statement [...]