A Department of Financial Services investigation found that Connecticut-based Cigna illegally sold stop-loss insurance, which may only be sold to large group employers. The investigation also found that Cigna illegally sold fully insured policies outside of the state.
The New York Law Journal spoke with Venable counsel Alexandra Megaris, whose practice focuses on financial regulatory matters involving state attorneys general, regulatory agencies and the Consumer Financial Protection Bureau, about changes since President Donald Trump took office a year ago.
Keila Ravelo, a former Willkie Farr & Gallagher partner, faces four to six years in prison and has been ordered to pay $7.9 million in restitution in the wake of her guilty plea Monday in New Jersey. Steve Sadow of Atlanta is one of her lawyers.
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