October 17, 2023
Insurance giant Health Care Service Corp. and its insurers told an Illinois federal court they settled a dispute over coverage of $36 million in legal costs the company incurred after certain HCSC executives were accused in a since-settled suit of failing to return profits to HCSC members.
May 18, 2023
An Illinois federal judge granted a 60-day stay to three insurers and Health Care Service Corp. Thursday, giving the parties more time to settle a coverage dispute over legal costs HCSC incurred after several of its executives were accused of pocketing profits in an underlying suit that's been settled.
October 06, 2022
Three insurers told an Illinois federal court they have no duty to cover over $36 million in legal costs incurred by health insurance giant Health Care Service Corp., after certain HCSC executives were accused in a since-settled suit of failing to return profits back to HCSC members.