A California regulator filed a lawsuit against Universal Life Resources of San Diego and four major insurance companies, accusing them of hiding millions of dollars in secret commissions. During a press conference, Commissioner Garamendi announced that a settlement had been reached with Universal Life requiring the broker to end these practices immediately.
“These brokers and insurers […]

Schering-Plough Corp., the maker of Claritin allergy medicine, agreed to pay $345.5 million in fines and plead guilty to a single federal criminal charge concerning a payment (kickback) to a managed care customer.
The settlement resolves Schering-Plough’s civil liabilities in connections with its illegal and fraudulent pricing of its blockbuster drug, Claritin, U.S. attorney Patrick L. […]

The Bush Administration warned drug companies that they must not offer any financial incentives to doctors, hospitals, insurers or pharmacists to encourage or reward the prescribing of particular drugs. Such payments have “a high potential for fraud and abuse,” according to a government compliance guide for the drug industry, issued by Janet Rehnquist, inspector general […]

KANSAS CITY, MO — H&R Block said Tuesday that it will settle a class action lawsuit filed in Texas that accused it of taking kickbacks from banks over “refund anticipation loans” made to customers from 1992 to 1996. The company said the settlement could potentially cost H&R Block $262 million.
As part of the settlement, which […]