This is a bit of history on AIG and how the product division began. Once again, it’s back to the algorithms, it is all about software and formulas to calculate the long complicated formulas, also known as “business intelligence” to the max. In the related reading below though you can see...
Posted to
The Medical Quack .... by Barbara Duck
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The Medical Quack
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Thu, Apr 2 2009
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Filed under: Medically Related, Insurance, healthcare, Business Intelligence, Fraud, Government, Wall Street, AIG, Risk Management, charities, Smart people, monetary losses, hedge funds
How far does all of this go? Now the company wants 306 million returned for tax payments? I find all this very strange indeed and due to the fact that fraud has reigned with their “reserves” issues that date back a few years, how accurate are the returns I wonder? Has one heard the...
Posted to
The Medical Quack .... by Barbara Duck
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The Medical Quack
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Mon, Mar 23 2009
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Filed under: Insurance, Other Items of Interest, healthcare, Business Intelligence, Fraud, Government, Wall Street, AIG, Risk Management, charities, Smart people, monetary losses, hedge funds
If a sale is not made, the state will be 10 more years wrapping up business from the bankrupt insurance carrier. With current economic trends, it sounds like it has become a nightmare in more ways than one. What was amazing was to read that there are 60 plus insolvent insurers they are managing...
Posted to
The Medical Quack .... by Barbara Duck
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The Medical Quack
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Thu, Mar 5 2009
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Filed under: Medically Related, Insurance, healthcare, Business Intelligence, Fraud, Wall Street, AIG, Risk Management, Madoff, SEC, charities, Smart people, New York eHealth Collaborative, monetary losses, Markopolos, hedge funds, Midland Insurance, Bankrupt insurance companies
As complicated as the algorithms we all deal with today, financial, healthcare, etc. this story speaks for itself to have “smart” people or “experts” at the top of the helm, who have actual hands on or first hand knowledge, especially with a self regulating business. Healthcare, is somewhat in the same...
Posted to
The Medical Quack .... by Barbara Duck
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The Medical Quack
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Tue, Mar 3 2009
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Filed under: Other Items of Interest, My Commentaries, healthcare, Business Intelligence, Fraud, Wall Street, Risk Management, Madoff, SEC, charities, Smart people, monetary losses, Markopolos, hedge funds