HealthMarkets Fined $20M for Bad Faith Insurance Practices HealthMarkets, a health care insurance company, was fined $20 million in a multi-state insurance investigation settlement for its shady sales and claims handling practices. The award, one of the largest of its kind, will be proportioned between 29 states. → Read More
Lawsuits against Mega Life and Mid West on the Rise Hundreds of Mega Life and Mid-West policyholders have reported that their agents told them anything they wanted to hear – just to make the sale. These policyholders are now suing Mega Life and Mid West. → Read More
States Go After Health Market’s Mega Life, Mid-West Life and Chesapeake Life for Unfair Practices The multi-state HealthMarkets settlement was announced in July 2008 in which the company and its affiliated companies, MEGA Life and Health Insurance Company, Mid-West National Life Insurance Company and Chesapeake Life Insurance Company agreed to pay $20 million for bad faith practices across the nation. So, how did the states share in the $20 million? → Read More
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