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
MEGA Life and Health Insurance Co.
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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
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