Georgians on the hook for failure of long-term care insurance firm

7:00 am Mar. 21, 2017

A massive insurance company failure could cost Georgia millions of dollars. What’s more, some of the 2,000 Georgia residents who purchased long-term care insurance from the company could eventually be left without enough money to pay nursing home bills.

Penn Treaty Network Insurance Company and its subsidiary American Network Insurance Company are short nearly $4 billion needed to cover promised long-term care insurance benefits to policyholders nationwide. Plans to salvage

Georgia college president paid $9.6 million and gets a free house

9:59 am Mar. 17, 2017

Among all the nonprofit colleges in the U.S. – think Emory, Duke, Harvard and many more, including leading research universities – which would you think has paid its president the most?

It’s one in Georgia. But not who you might think.

According to the Wall Street Journal, the latest available data shows that it’s Savannah College of Art and Design, where compensation for President Paula Wallace was $9.6 million in

Cobb widow ‘taken hostage’ in scam lost closer to $4 million, attorney says

12:11 pm Mar. 1, 2017

Prosecutors uncovered $3.6 million lost by a Cobb widow to a scam artist who she entrusted with her finances, but her attorney says the total could be closer to $4 million.

Kasey Libby, who became Frances Perkins’ court-appointed financial conservator as she tried to recover from a multi-year scam perpetrated by Jeff Carr, said his own investigation found an additional $400,000 that Perkins may have lost in Carr’s scam.

She was

Fulton jury awards $45 million in medical malpractice case

8:50 am Feb. 28, 2017

Negligent care by two obstetricians led to a new mother suffering severe brain damage and a heart attack, a Fulton County jury decided earlier this month in awarding more than $45 million in a malpractice case.

Shannon Trabue had given birth three days earlier at Northside Hospital when she suffered a heart attack while undergoing x-rays, according to Courtroom View Network reports. Hospital staff resuscitated her, but her attorneys

Lawsuits accuse medical companies of exploiting diabetic and kidney patients

4:01 pm Feb. 23, 2017

Medical companies schemed to take advantage of patients’ chronic illnesses to pump up profits, according to two unrelated lawsuits filed on behalf of Georgians.

One suit, filed by a retirement fund for Georgia law enforcement officers, accuses DaVita of targeting low-income and elderly kidney dialysis patients in a strategy to boost stock prices.

It worked like this, the suit says: DaVita steered Medicare and Medicaid patients to private insurance by telling them