The other day, I discussed the topic of increasing health insurance premiums across the country. I mentioned that perhaps we all should consider investing in health insurance companies because premiums and profits have been rising at a faster rate than claims payouts. Well it turns out that health insurance companies are not the only successful insurance producer. According to the New York...
Just this past week, Starbucks lost track of four laptop computers containing sensitive information including social security numbers, addresses and names of over 60,000 company employees. Looks like this company may know how to serve up some Java but needs some lessons on how to protect sensitive employee information. These employees may become the next victims of identity theft as a result...
A Coconino County jury awarded one of the largest wrongful death verdicts to the family of a high school coach who died after taking a lethal combination of medications which should never have been dispensed together. The jury found that Walgreens pharmacy should have warned the patient and his physician about the lethal and toxic effects that the pain medications Tramadol and Methadone have...
A Kentucky jury will begin deliberations Wednesday deciding whether Allstate Insurance Company violated the Kentucky Unfair Settlement Practices Act by systematically lowering valuation of minor injury claims and bullying claimants into accepting artificially low settlements. The Plaintiffs alleged that Allstate systematically undervalued claims relying upon a consultant who, according to the...
A pickup truck crashed Sunday morning, April 27, killing four of its passengers. The vehicle was carrying as many as 60 people when it rolled over in a remote part of Arizona. Investigators...
Last week, Phoenix became the first city in the nation to ban text messaging while driving. Based on dangers associated with distracted driving, city officials concluded that the dangers of text messaging while driving outweigh any possible public benefits. For the next thirty days, police officers and other public officials will notify and educate drivers about the dangers of texting while...
TXJ Companies has finally come clean with some more details about the number of possible identity theft victims as a result of its failure to abide by credit card processing standards. Discussing this data security breach, in a regulatory filing with the Securities Exchange Commission, the TXJ Companies indicated, Discovery of Computer Intrusion. On December 18, 2006, we learned of suspicious...
Blue Cross of California recently entered a settlement agreement to resolve a class action lawsuit against the health insurer concerning the nature of its individual health insurance business practices. Blue Cross had been accused of using innocent mistakes on poorly worded insurance applications to rescind policies after insureds submitted costly claims. After concluding that it would lose...
Michael Moore released a new movie about the system of healthcare in the United States. In the movie, he portrays our healthcare system as one in crisis. Do you believe our healthcare system in this country provides the best quality of care to patients at a reasonable cost? Have you seen the movie Sicko? Do you think the movie accurately portrays problems with our healthcare system in...
As if struggling with and battling cancer is not enough, according to a researcher at Johns Hopkins Children Center, children often must also face the additional battle of having to overcome problems relating to medication errors. Children with cancer often get the wrong dose of chemotherapy or are given the drug at the wrong time, and many require treatment because of the errors, U.S....
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