The strike force allows the department's healthcare fraud unit to coordinate with U.S. attorney’s offices in Arizona, Nevada and the Northern District of California, where the DOJ says fraud schemes are increasing.
Author: Awais
Global management consulting firm Oliver Wyman has agreed to acquire CR3 Partners, a consulting firm specializing in restructuring, management consulting, and bankruptcy advisory services. The terms of the transaction, which is expected to close later this quarter, were not disclosed. CR3 Partners is a Dallas-based national turnaround and performance improvement firm with additional offices in Atlanta, Boston, Charlotte, Chicago, Houston, Los Angeles, New York, and Richmond. The firm has led transformations across industrials, retail, healthcare, energy and financial services. As part of the transaction, 62 professionals from CR3 Partners will join Oliver Wyman in multiple cities. William Snyder is senior…
The California Department of Insurance is taking action against State Farm over an investigation that reportedly shows the carrier has been mishandling insurance claims from the January 2025 Los Angeles wildfires. A CDI filing alleges violations of the Unfair Insurance Claims Practices Act, including 398 violations identified in a market conduct examination. The CDI and California Insurance Commissioner Ricardo Lara ordered the market conduct examination based on consumer complaints that they say documented a pattern of unlawful behavior in more than half of the claims reviewed. Related: Public Interest Groups Backing California Homeowners Insurance Bills According to the CDI, State…
Created in 1999 and formally launched in January 2000, Gavi, the Vaccine Alliance (Gavi) is an independent public-private partnership and multilateral funding mechanism that “aims to save lives and protect people’s health by increasing coverage and equitable and sustainable use of vaccines.” Gavi’s main activities include supporting low- and middle-income countries’ access to new and underused vaccines for vulnerable children through financial support, technical expertise, and market-shaping efforts, such as negotiating with manufacturers, to help lower the cost of procuring vaccines. Gavi operates in five-year funding cycles, with a revised strategy and goals for each cycle. Each five-year strategy is…
Mapfre Re, the Spanish global reinsurance company, has now successfully secured $200 million of US named storm protection from the capital markets through its Recoletos Re DAC (Series 2026-1) catastrophe bond issuance, pricing the notes at the lowest end of initial guidance, Artemis can report.Mapfre Re made its return to the catastrophe bond market in April, with the third in the series of Recoletos Re DAC cat bonds. The company had previously secured $125 million of annual aggregate US named storm retrocession with its debut Recoletos Re DAC (Series 2024-1) catastrophe bond in December 2024, and then went on to secure €125 million…
A trial is slated to begin in New Mexico on Monday that will test the state’s claims that Meta’s Facebook, Instagram and WhatsApp platforms harmed young users’ mental health and its bid for a court order forcing the company to make changes. The case, which will be tried before a judge in Santa Fe, stems from a lawsuit filed by New Mexico Attorney General Raúl Torrez, a Democrat, accusing the social media giant of designing its platforms to addict young users and failing to protect children from sexual exploitation on its platforms. Related: Meta Ordered to Pay $375M After Trial…
Suit claims carrier invented a date of loss outside the policy period to deny the hull payout
Samsung Electronics must pay a $392 million lump sum for a license to use ZTE’s patents for mobile phones, London’s High Court ruled on Friday [May 1] in the English leg of the companies’ global licensing dispute. ZTE has brought parallel lawsuits against Samsung in China, Germany and Brazil as the two companies battle over the terms on which Samsung can use ZTE’s patents, and most importantly the cost. The patents are needed to ensure smartphones can access networks. Samsung sued ZTE in London in December 2024 seeking a determination of the fair, reasonable, and non-discriminatory – or FRAND –…
Westcap Insurance Services announced the launch of its new Excess Liability product, further enhancing its ability to deliver comprehensive risk solutions to clients in the construction and manufacturing sectors. The new offering is designed to complement existing coverages by providing additional layers of protection above primary liability policies. Westcap’s Excess Liability product enables insurance professionals to deliver broader, more flexible coverage options tailored to complex and evolving risk profiles. Westcap is a managing general agency and specialty program manager with three decades of casualty expertise. The company focuses on non-admitted casualty solutions for the construction and manufacturing industries, offering exclusive…
Kansas Insurance Commissioner Vicki Schmidt announced a Wyandotte County man has been sentenced to 16 months in prison for insurance fraud. Christopher Dunn, aged 33, pleaded guilty on March 2, 2026, in Wyandotte County District Court to one felony count of insurance fraud. Dunn filed an insurance claim falsely stating his vehicle had sustained damages during an accident when he had intentionally caused the damage while fleeing from police during a traffic stop. He pleaded guilty and was sentenced on April 10, 2026, to 16 months in prison with 12 months of probation following his release. The Kansas Department of…
The sector recorded 12 bankruptcy filings in the first quarter, up 33% from the fourth quarter of 2025, according to the analysis by Gibbins Advisors.
A massive, fiery explosion at a house in Queens sent several New York City police officers flying through the air early last Thursday morning as they were responding to a call of a man inside armed with a knife and the smell of gas. Eight officers were treated for minor injuries — including burns and at least one head laceration — after the blast, and all of the people who were inside the building have been accounted for, though several were taken to a hospital, police said. Police body camera video of the explosion shows officers about to enter a…
American farmers are ignoring US Department of Agriculture surveys in the latest sign of distrust in government data. Reply rates for the USDA’s annual prospective planting report sank in March to a record low, with just over a third of 73,800 farm operations surveyed answering questions on the acres they will plant this spring of everything from corn and soybeans to tobacco and chickpeas. That compares with about 60% of farmers responding in 2018, with replies declining in each year since, according to government records. Farmers say they are wary of sharing data to inform reports they feel often work…
Documentation and timing are critical to avoid claims disputes around Strait of Hormuz disruption