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National Association of Professional Insurance Agents Asks House Committee to Develop Public-Private Partnership

November 20, 2020

The National Association of Professional Insurance Agents issued the following news release on Nov. 19:. A public-private partnership is the best way to protect against the financial repercussions of a future pandemic, stated the National Association of Professional Insurance Agents in written testimony submitted today for a hearing of the House…

American Property Casualty Insurance Association Testifies in Support of Solution to Keep Main Street Businesses Open

November 20, 2020

The BCPP is a customer-focused proposal for a federal program tailored specifically to help meet the financial challenges from future pandemics and bolster the U.S. economy. “The BCPP is an affordable solution that can work for all businesses- small and large- to provide protection against widespread government-ordered economic shutdowns due to future…

NCUA Board Member Todd M. Harper Statement on the Share Insurance Fund's Third Quarter Performance

November 20, 2020

Insuring the share deposits of members and safeguarding the Share Insurance Fund from losses are two of our most important duties on the NCUA Board. So, today's update that the balance of the Share Insurance Fund has grown to $19.2 billion is sure to be widely welcomed. What is more, we also know that growth in credit union assets seems likely to continue to exceed…

Mass. A.G. Healey: Former Business Office Manager of Haverhill Nursing Home Indicted in Connection With Stealing From Residents

November 20, 2020

Massachusetts Attorney General Maura Healey issued the following news release on Nov. 19:. The former business office manager at Penacook Place Nursing Home in Haverhill has been indicted in connection with stealing tens of thousands of dollars from elderly residents, Attorney General Maura Healey announced today. This week, Bridget Briand, age 48, of…

IRS Rule: Guidance Under Section 529A – Qualified ABLE Programs

November 20, 2020

The Internal Revenue Service has issued a rule, published in the Federal Register on Nov. 19, entitled: “Guidance Under Section 529 A: Qualified ABLE Programs”. The rule was issued by Sunita Lough, Deputy Commissioner for Services and Enforcement and David J. Kautter, Assistant Secretary of the Treasury. FOR FURTHER INFORMATION CONTACT: Concerning the final…

Investment Company Institute: Retirement Savers Undeterred by COVID-19 Economic Downturn

November 20, 2020

WASHINGTON, Nov. 20– The Investment Company Institute issued the following news release:. Americans overwhelmingly continued saving for retirement through defined contribution plans during the first three quarters of 2020, undeterred by the economic downturn brought about by the COVID-19 pandemic, according to ICI's “Defined Contribution Plan…

Sen. Wyden Presses UnitedHealth for Details on Mental Health Coverage Shortfalls

November 20, 2020

Ron Wyden, D- Oregon, ranking Democratic member of the Senate Finance Committee, issued the following news on Nov. 19:. Senate Finance Committee Ranking Member Ron Wyden, D- Ore., today asked health insurance company UnitedHealth to disclose details about its behavioral health business, which has been subject to ongoing class action litigation for improperly…

Sen. Warren, Rep. Porter Request All Federal Contracts for COVID-19 Therapeutics, Vaccines

November 20, 2020

United States Senator Elizabeth Warren and Congresswoman Katie Porter sent a letter to the Department of Secretary Health and Human Services, the Department of Defense, the National Institutes of Health Director, the Biomedical Advanced Research and Development Authority, the Department of Homeland Security, and the Federal Emergency Management Agency…

NAMIC Testifies at House Hearing, Offers Solution for Future Pandemic Economic Response

November 20, 2020

The National Association of Mutual Insurance Companies issued the following news release on Nov. 18:. The National Association of Mutual Insurance Companies today laid out a path for Congress to use the lessons of the economic devastation COVID-19 has inflicted on businesses and their employees to prepare for the next pandemic. Testifying at a virtual…

Mass General Awards $3.4 Million for Community-Based Projects to Address Housing, Access to Behavioral Health and Workforce Development in Suffolk County

November 20, 2020

Massachusetts General Hospital issued the following news release:. Massachusetts General Hospital recently invested $3.4 million to fund community-based initiatives aimed at tackling the urgent health challenges of housing, increased access to behavioral health services through community health workers and workforce development.

Rep. Ruiz Introduces Legislation to Bring Major Federal Investment to the Salton Sea

November 20, 2020

Today, Congressman Raul Ruiz, M.D. introduced H.R. 8775, the Salton Sea Public Health and Environmental Protection Act with Rep. “My bill, the Salton Sea Public Health and Environmental Protection Act, will ensure an all-hands-on-deck approach that involves local, state, and federal coordination to address the urgent public health crisis at the Salton Sea.

Regulatory Capital Rule: Changes to Applicability Thresholds for Regulatory Capital and Liquidity Requirements; Correction

November 20, 2020

SUMMARY: The Federal Deposit Insurance Corporation published an interagency final rule in the Federal Register on November 1, 2019, that revises the criteria for determining the applicability of regulatory capital and liquidity requirements for large U.S. banking organizations and the U.S. intermediate holding companies of certain foreign banking…

Trump Administration Announces Prescription Drug Payment Model to Put American Patients First

November 20, 2020

In support of President Trump's historic commitment to lowering drug prices for American patients, HHS Secretary Alex Azar announced a drug payment model through the Center for Medicare and Medicaid Innovation at the Centers for Medicare& Medicaid Services that will lower Medicare Part B payments for certain drugs to the lowest price for similar…

Fact Sheet: Trump Administration Finalizes Proposal to Lower Drug Costs by Targeting Backdoor Rebates and Encouraging Direct Discounts to Patients

November 20, 2020

Fact Sheet: Trump Administration Finalizes Proposal to Lower Drug Costs by Targeting Backdoor Rebates and Encouraging Direct Discounts to Patients. Directed by President Trump's July 24, 2020 Executive Order on “Lowering Prices for Patients by Eliminating Kickbacks to Middlemen,” the Department of Health and Human Services Secretary Alex Azar and the HHS…

Federal Delegation Members Call on Trump to Overturn Denial of Maryland Disaster Funding for Tropical Storm Isaias

November 20, 2020

WASHINGTON- The members of the Maryland congressional delegation, including U.S. Senators Ben Cardin and Chris Van Hollen and Congressmen Steny H. Hoyer, Dutch Ruppersberger, John P. Sarbanes, Kweisi Mfume, Andy Harris, M.D., Anthony G. Brown, Jamie B. Raskin and David Trone, today called upon President Donald Trump to overturn the Oct. 14 decision to deny federal…

Bangkok Post Life Insurance for Local Staffs

November 20, 2020

Office Address: State, Department of; STATE, DEPARTMENT OF; US EMBASSY BANGKOK; WASHINGTON, DC 20520. The Embassy of the United States in Bangkok, Thailand, launches the solicitation on beta.sam.gov website. This solicitation is for the Group Life Insurance Services to employees of the Government of the United States of America in Thailand.

Patent Issued for System And Method For Facilitating Vehicle Insurance Services (USPTO 10,832,340)

November 20, 2020

2020 NOV 20– By a News Reporter-Staff News Editor at Insurance Daily News– State Farm Mutual Automobile Insurance Company has been issued patent number 10,832,340, according to news reporting originating out of Alexandria, Virginia, by NewsRx editors. The patent’ s inventors are Mullen, Christina P.; Leise, William J.; Graff, Douglas Albert. This patent was filed on…

Patent Issued for Selectively Obscuring And/Or Revealing Sensitive Information In A Display Of A Computing Device (USPTO 10,831,908)

November 20, 2020

2020 NOV 20– 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 Austin, Michael Paul; Knittel, Erika; Hadsall, Jacob L., filed on April 10, 2019, was published online on November 23, 2020. The assignee for this patent, patent number 10,831,908,…

Patent Issued for Virtual Environment Generation For Collaborative Building Assessment (USPTO 10,834,360)

November 20, 2020

2020 NOV 20– By a News Reporter-Staff News Editor at Insurance Daily News– State Farm Mutual Automobile Insurance Company has been issued patent number 10,834,360, according to news reporting originating out of Alexandria, Virginia, by NewsRx editors. The patent’ s inventors are Little, Rebecca A.; Nussbaum, Bryan R.; Stockweather, Deanna L.; Summers, Nathan C.; Ho, An;…

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