Six largest insurers could break profit records; Allstate files $2.9M medical fraud case;

> Health insurance chief executives had the highest median pay of any industry, according to a Wall Street Journal CEO Compensation Study. The median CEO pay in the industry was $10 million, beating out the telecom and oil and gas industries. Article

> The six largest investor-owned health insurance companies--WellPoint, UnitedHealth Group, Aetna, Humana, Cigna and Coventry Health Care--saw a 22 percent increase in combined net income in the third quarter, putting them on pace to break profit records for 2010, reports The Hill. Article

> Allstate Insurance Company files a $2.9M medical fraud case. Allstate intends to prove that professional service corporations submitting numerous claims were actually owned and operated by a layperson instead of licensed physicians or medical professionals. Press Release

> Despite the recent exit of MetLife from long-term care insurance, the industry is not in decline. Instead, it has a bright future. Press Release

> And finally … Fake doctor arrested for giving breast exams in bars. Article