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Top five op risk loss events in July 2008

1.Loss amount:$255 millionFirm:Health NetBIS event type:Improper business or market practicesBIS business line:Insurance (non-BIS)

Health Net reached a $255 million settlement of three class-action lawsuits that alleged improper payment of claims. In calculating its out-of-network payments, Health Net used a flawed database to establish the usual charges for various health services. As a result

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