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ZIFL - Volume 26 Issue 19 

 Read the full issue at http://zalma.com/blog/wp-content/uploads/2022/09/ZIFL-10-01-2022-1.pdf  Insurer Proactive Against Fraud CIGNA Obtains $14,371,384.95 Judgment Against Fraudulent Health Care  Provider  Since police, prosecutors and state insurance fraud investigators are  seldom willing to arrest or prosecute insurance fraud perpetrators it is  necessary for insurers to be proactive and sue those who attempt or  succeed in defrauding insurers.  In Connecticut General Life Insurance Company and CIGNA Health And Life  Insurance Company v. Mike Ogbebor and Stafford Renal LLC, No. 3:21-cv-00954  (JAM), United States District Court, D. Connecticut (September 6, 2022)  CIGNA successfully sued a fake provider and obtained a default judgment  for almost $15 million against the corporate defendant and its alter  ego individual.  Read the full story at  http://zalma.com/blog/wp-content/uploads/2022/09/ZIFL-10-01-2022-1.pdf  Another Florida Insurer Is Insolvent  FedNat Insurance Co. is now insolvent and must be liquidated \\u2013 the sixth  Florida property insurer this year to throw in the towel.  The Florida Department of Financial Services filed a consent agreement  with the Leon County Circuit Court, detailing the extent of FedNat\\u2019s  financial troubles and asking the court to approve DFS as the receiver  for the insurer.  

The move was not unexpected, after FedNat agreed in May to cancel  policies, transfer others to a sister company and wind down operations  with what regulators hoped would be an orderly runoff. The Demotech  financial rating firm also withdrew its stability rating for FedNat on  August 1, 2022.  Read the full story at  http://zalma.com/blog/wp-content/uploads/2022/09/ZIFL-10-01-2022-1.pdf