3 Trade Associations Issue Public Comment to IRS

Treasury and IRS have opportunities to better solicit public input on certain guidance, including for offshore insurance, as GAO recommended in its April 2021 report. One offshore insurance issue that IRS has prioritized with enforcement is micro-captive insurance arrangements–that is, when small insurance companies insure related business entities.

Juan Llera, safety and risk coordinator for Keys Energy Services, was recently recognized as the Risk Management Professional of the Year for 2022 by Preferred Governmental Insurance Trust. Chris Kittleson, director of loss control technical services for Preferred, presented Llera with the award during the KEYS Utility Board meeting on Wednesday, April 13.

Department of Health and Human Services' Centers for Medicare and Medicaid Services issued the following news release on April 22, 2022:. The Centers for Medicare& Medicaid Services issued a proposed rule to update Medicare enrollment and eligibility rules that would expand coverage for people with Medicare and advance health equity.

WASHINGTON, April 23– The American Property Casualty Insurance Association issued the following statement on April 22, 2022:. President Biden signed an Executive Order today to "Strengthen America's Forests, Boost Wildfire Resilience, and Combat Global Deforestation." Nat Wienecke, senior vice president of federal government relations at the American…

The Securities and Exchange Commission announced charges against Fernando Passos, the former executive vice president of finance and investor relations of Brazilian reinsurance company IRB Brasil Resseguros S.A., for allegedly planting a false story with the media and disseminating false documents claiming that Berkshire Hathaway Inc. had recently…

The SEC's complaint, filed April 13, 2022 in the U.S. District Court for the Eastern District of Michigan, alleged that Bernard L. Compton used confidential financial data he obtained through his role as an accountant at the corporate office of Domino's to trade ahead of 12 of the company's earnings announcements between 2015 and 2020. According to the SEC's…

PROVIDENCE, Rhode Island, April 23– Brown University issued the following news release:. It's been the case for decades– high numbers of U.S. women who give birth lose or face changes to their health insurance afterward. The findings suggest that the Families First Coronavirus Response Act, which was signed into law in March 2020 and prevented Medicaid…

The Irish Small and Medium Enterprises Association issued the following news release:. According to ISME, if Ireland is to have a functional and affordable insurance market, it needs to radically pick up the pace of reform, specifically in the areas of amending the Occupier's Liability Act, the Defamation Act, and in addressing legal costs.

The Baltimore Board of Estimates unanimously approved a $3.5 million settlement Wednesday with 68 current and former business owners whose properties were damaged during the 2015 unrest following Freddie Gray's death from injuries suffered in police custody. The Board of Estimates has to approve every settlement the city agrees to.

After failing to deal with the issue during the 2022 session, the Florida Legislature will hold a special session in May to search for a solution to the current crisis in the property insurance market where rates continue to soar, customers are being dropped and property insurance companies are either going belly up or threatening to do so.

A relative of mine recently mentioned she had two life insurance policies. Is it OK for a person to have more than one life insurance policy? If so, why would someone do that?

California's wildfire insurance crisis came knocking at my door just a few weeks ago when my long-standing insurer abruptly dumped me. I'm a former insurance commissioner of California. I live in a hilly suburban area with lots of trees just 15 minutes from San Jose airport.

Best Pet Insurance Companies in Pennsylvania. *Spot– Best Choice for Unlimited Coverage in Pennsylvania. *Pumpkin– Best for Young Kittens and Puppies in Pennsylvania.

Apr. 22— BIRMINGHAM— An Athens-based businessman has been charged with health care fraud, according to U.S. Attorney Prim F. Escalona, Federal Bureau of Investigation Special Agent in Charge Johnnie Sharp Jr., and TVA-OIG Special Agent in Charge Meagan Sands, on April 22. An information filed April 22 in U.S. District Court charges Joshua D. Creasy, 44, of Athens, with 15…

Jockamoe Shamus Hawley, 40, of Las Vegas was found guilty Thursday of one count of insurance fraud, a category D felony and was sentenced to one to four years in prison and ordered to pay $2,000. Hawley made a claim to Progressive Insurance alleging the theft of a vehicle in good condition from his residence Dec. 20, 2007. Metro Police's VIPER Auto Theft Task Force…

The lead defendants in the case are Glendale brothers Davit Simonyan, 30, and Vahram Simonyan, 34, who were sentenced to 46 months and 33 months, respectively. Their brother-in-law, Arsen Galstyan, 40, also of Glendale, was sentenced to 18 months in prison and ordered to forfeit nearly $47,800. The scheme, which involved seven people, involved planting skimming…

2022 APR 22– By a News Reporter-Staff News Editor at Mergers& Acquisitions Daily News– InsurePay, a leading Insuretech Property and Casualty billing and payments platform, announced that it has secured additional Series B funding from Aquiline Technology Growth, Fintop Capital and others. “Integrating AcordPay’ s payment methods with InsurePay’ s products…

2022 APR 22– By a News Reporter-Staff News Editor at Mergers& Acquisitions Daily News– NFP, a leading insurance broker and consultant providing property and casualty, corporate benefits, retirement, and individual solutions, announced it has acquired Irish-owned ReSure Corporate Brokers, a specialist commercial insurance broker. This latest announcement…

The news journalists obtained a quote from the research from School of Civil Engineering and Architecture:“ Based on the policy insurance data of Ningbo city, this paper took rural housing as the target disaster-bearing body and analyzed the aggregated data of disaster losses such as payout amount and insured loss rate of rural housing in Ningbo area under…

2022 APR 22– By a News Reporter-Staff News Editor at NewsRx Science Daily– Researchers detail new data in applied sciences. According to news reporting out of Florida State University by NewsRx editors, research stated,“ The hazard components of National Flood Insurance Program claims data in Florida were systematically analyzed and revised in the current…

2022 APR 22– By a News Reporter-Staff News Editor at Insurance Daily News– Researchers detail new data in Mental Health Diseases and Conditions. A funding survey of the 24 states in the IPS Learning Community demonstrates how each state uses multiple sources.”. The news correspondents obtained a quote from the research from Research Foundation for Mental…

2022 APR 22– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Alexandria, Virginia, by NewsRx journalists, a patent by the inventors Clark, Larry Wayne, King, Linda Giessel, Meier, Jr., Steven Wayne, Rosas, Patricia A., Shafer, Mark, filed on September 18, 2019, was published online on April 5, 2022.

2022 APR 22– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Alexandria, Virginia, by NewsRx journalists, a patent by the inventors Russell, Ryan Thomas, filed on December 30, 2019, was published online on April 5, 2022. The assignee for this patent, patent number 11295313, is United Services Automobile…

2022 APR 22– By a News Reporter-Staff News Editor at Insurance Daily News– From Alexandria, Virginia, NewsRx journalists report that a patent by the inventor Ketzef, Alon, filed on August 1, 2018, was published online on April 5, 2022. The patent’ s assignee for patent number 11295389 is Davidshield L.I.a Ltd.. News editors obtained the following quote from the…

2022 APR 22– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators publish new report on Surgery- Arthroplasty. The National Database of Health Insurance Claims and Specific Health Checkups of Japan Open Data Japan provides statistics about the annual number of arthroplasties through health insurance claim numbers for these…

2022 APR 22– By a News Reporter-Staff News Editor at Insurance Daily News– Fresh data on Machine Learning are presented in a new report. According to news reporting originating in Sao Paulo, Brazil, by NewsRx journalists, research stated,“ Individuals without private health insurance have less access to healthcare, therefore are more prone to experience poor…

2022 APR 22– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators publish new report on agriculture. According to news reporting out of Kerman, Iran, by NewsRx editors, research stated,“ The health insurance ecosystem involves all the organizations and institutions which act as ecosystem actors in accordance with the objectives, values…

2022 APR 22– By a News Reporter-Staff News Editor at Information Technology Business Daily– New research on Immunization and Public Health- Human Papillomavirus Vaccines is the subject of a report. According to news reporting from Munich, Germany, by NewsRx journalists, research stated,“ High grade cervical intraepithelial neoplasia may progress to cervical…

2022 APR 22– By a News Reporter-Staff News Editor at Health Policy and Law Daily– Research findings on Insurance are discussed in a new report. The news reporters obtained a quote from the research from the University of New South Wales Sydney,“ We analyse whether the universal health insurance system increases the life satisfaction of middle-aged and older…

GRAND CAYMAN, Cayman Islands- April 22, 2022- Greenlight Capital Re, Ltd., a specialist property and casualty reinsurer based in the Cayman Islands and Ireland, today announced that it expects to release financial results for the quarter ended March 31, 2022, after the market closes on Tuesday, May 3, 2022. A telephone replay of the call will be available from…

An indictment states that Shaan Ti Diyali started a broker insurance company called Your Choice Services, LLC. in January 2020, two months before the pandemic struck. "In effect, Your Choice Services, LLC was a paper shell company without any business activity." In May 2020, Diyali allegedly got a $49,900 COVID-19 relief loan after he filled out an application…

2022 APR 22– By a News Reporter-Staff News Editor at Cancer Vaccine Daily– Investigators discuss new findings in Immunization and Public Health- Human Papillomavirus Vaccines. According to news reporting out of New York City, New York, by NewsRx editors, research stated,“ The human papillomavirus vaccine protects against cancers caused by HPV.

2022 APR 22– By a News Reporter-Staff News Editor at Agriculture Daily– New research on Agriculture- Crop Insurance is the subject of a report. According to news reporting originating from Chengdu, People’ s Republic of China, by NewsRx correspondents, research stated,“ Risk is associated with every sector of an economy, and the pervasiveness of risk in agriculture…

Wendell Giles, 51, of Albany, a former state Department of Labor employee, is accused of conspiring with a former co-worker to illegally obtain the benefits, prosecutors said. As part of DiVeglia's guilty plea April 13, he admitted responsibility for more than $1.6 million in losses to the state Department of Labor and to personally receiving about $225,000 in…

AM Best has placed under review with negative implications the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Gulf Guaranty Life Insurance Company. This Credit Rating action reflects a significant deterioration of Gulf Guaranty Life’ s capital and surplus and risk-adjusted capitalization at year-end 2021, driven by an…

Bonnie Fay Keel, 48, of the 100 block of Spindrift Trail, also is charged with a second felony, attempting to obtain property by false pretense, North Carolina Insurance Commissioner Mike Causey said in a press release Thursday. Special agents with the Department of Insurance's Criminal Investigations Division investigated the case and they, along with…

These assumptions are subject to various risks, uncertainties and other factors, including, without limitation those set forth in "Item 1 A. Risk Factors" within the Annual Report on Form 10- K for the year ended December 31, 2021 and Part II within this report. You should review the various risks, uncertainties and other factors listed from time to time in our…

Best’ s Review has released the following preview content of next month’ s issue:. “Interest Rate Increases Posing New Challenges for Life Insurers” explains how the industry’ s adaptations to lower rates over time have made long-sought-after rate hikes less important than anticipated, and how a sharp rise could cause market disruptions.“ Connecticut, UK to Create…

The Ordinary and Extraordinary Shareholders' Meeting of CNP Assurances was held on 22 April 2022 at 2:30 p.m. at the Company's headquarters in Paris, chaired by Véronique Weill, Chairwoman of the Board of Directors of CNP Assurances.. During the meeting, Véronique Weill presented the main events of the past year, in particular the acquisition by CNP…

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Hamilton Re, Ltd. and Hamilton Insurance Designated Activity Company, each a wholly owned subsidiary of Hamilton Insurance Group, Ltd.. However, Hamilton’ s balance sheet strength assessment of very strong…

–The "Global Health Insurance Market by Plan Type, Duration, Application, Coverage, Type, Age Group, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com' s offering. The Global Health Insurance Market is estimated to be USD 2.76 Tn in 2022 and is expected to reach USD 4.46 Tn by 2027,…

AM Best has affirmed the Financial Strength Rating of C and the Long-Term Issuer Credit Rating of“ ccc” of Friday Health Plans of Colorado, Inc.. The company reported net operating losses of $13.8 million due to increased medical loss and administrative ratios. The business profile is limited as the company is mainly concentrated in the individual exchange…

AM Best has assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of“ bbb-” to Selecta Insurance and Reinsurance Company Ltd.. Offsetting factors include the company’ s exposure to the high economic and moderate financial system and political risk in Saint Kitts and Nevis. Selecta has a track record of adequate operating performance, as…

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Vietnam National Reinsurance Corporation. The outlook of these Credit Ratings is stable. The ratings reflect VINARE’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Tower Limited. The outlook of these Credit Ratings is stable. The ratings reflect Tower’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk…

Term life insurance can provide financial protection to a policyholder's family. If the policyholder passes away, the beneficiaries can receive a death benefit they can use to replace the policyholder's income, pay off debts, and cover other expenses. In exchange, policyholders must pay monthly premiums to the insurer to maintain coverage.

eFinancial: Many companies include life insurance alongside other traditional policies in their benefits packages. This employer-provided life insurance, also known as group life insurance, can be used alongside an individual life policy to help employees protect their families. It's often free and virtually guarantees acceptance without any hassle.

A relative of mine recently mentioned she had two life insurance policies. Is it OK for a person to have more than one life insurance policy? If so, why would someone do that?

–Term life insurance can provide financial protection to a policyholder's family. If the policyholder passes away, the beneficiaries can receive a death benefit they can use to replace the policyholder's income, pay off debts, and cover other expenses. In exchange, policyholders must pay monthly premiums to the insurer to maintain coverage.

More than $3 billion in federal money has flowed to Texas health care providers in recent months to help pay for COVID-19 treatments, tests and vaccines for patients without health insurance, according to national health officials. But the 174- bed Titus Regional Medical Center in northeast Texas needed every penny it could get as it struggled to cover the…

–Greenlight Capital Re, Ltd., a specialist property and casualty reinsurer based in the Cayman Islands and Ireland, today announced that it expects to release financial results for the quarter ended March 31, 2022, after the market closes on Tuesday, May 3, 2022. A telephone replay of the call will be available from 11:00 a.m. Eastern Time on May 4, 2022 until…

–It's a fact of life that water backs up, overflows, floods and generally goes where it doesn't belong– and that can cause major damage to your home. Erie Insurance lists six problems– and fixes– to some of the most common home water damage problems. Plumbing failure from frozen, rusted or leaky pipes. Look for any telltale signs of leaks like unusually high water bills,…

The "Global Travel Insurance Market by Type, Distribution, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com' s offering. The Global Travel Insurance Market is estimated to be USD 19.75 Bn in 2022 and is expected to reach USD 44.35 Bn by 2027, growing at a CAGR of 17.56%.

WASHINGTON, April 22– The U.S. Mortgage Insurers issued the following news on April 21, 022:. U.S. Mortgage Insurers, the association representing the nation's leading private mortgage insurance companies, today announced the industry helped nearly 2 million low down payment borrowers secure mortgage financing in 2021, similar to the industry's 2020…

Recent release "Asphalt Hunter" from Newman Springs Publishing author Tom Briner is the story of two longtime friends taking a nontraditional job in the repo and bail bonds world. HUDSON, Fla.- April 22, 2022-. Published by Newman Springs Publishing, Tom Briner's exhilarating tale follows the ups and downs of the repo and bail bonds arena, from funny moments to…

Arlo the bull was born with neurological damage. He can walk, but he needs help. Her disability made it unsafe for her to live with other cows, so she was turned over to a neighboring farm in western Iowa, where she was destined to be slaughtered.

The SEC's complaint, filed April 13, 2022 in the U.S. District Court for the Eastern District of Michigan, alleged that Bernard L. Compton used confidential financial data he obtained through his role as an accountant at the corporate office of Domino's to trade ahead of 12 of the company's earnings announcements between 2015 and 2020. "The SEC investigation…