Health Insurer To Pay $3.75M To End NY Overcharging Claims

Law360, New York (December 3, 2013, 2:34 PM EST) -- Markel Insurance Co. will pay $3.75 million to settle New York's claims that it overcharged college students on their health and other insurance plans, prosecutors said Tuesday.

According to an investigation by the New York Attorney General's Office and the state insurance regulator, Markel overcharged for its student health insurance plans, college accident insurance plans and sports accident insurance plans at campuses across the state, including many State University of New York campuses. Officials claim that Markel also paid improper bonuses to broker that created conflicts...
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