However, the N.C. Department of Health and Human Services said it is working "to ensure people eligible for Medicaid do not lose coverage, and those no longer eligible are transitioned smoothly to affordable health plans or other health care options." Donny Lambeth, R- Forsyth, the sponsor of the bill. Without a signed state budget, the legislation in HB76 would…
Newswires
HARRISBURG– The Pennsylvania Senate recently unanimously confirmed Michael Humphreys to serve as insurance commissioner of the Pennsylvania Insurance Department. When nominated by Shapiro in January, Humphreys was tasked with strengthening enforcement and compliance of mental health parity laws in Pennsylvania and making mental health parity a…
In a settlement announced Friday, the city and the Horizon West Condominium Homes Association agreed on a plan to demolish the structure. According to the complaint in a federal lawsuit, sometime before June 5, 2020, members of the Horizon West Condominium Homes Association noticed instability in the building’ s balconies. The city has reached a settlement…
American Equity Investment Life Holding Company, a leading issuer of fixed index annuities, today issued the following statement regarding the acquisition proposal it received from Brookfield Reinsurance Ltd.:. “American Equity’ s Board of Directors today confirmed that it has received a proposal from Brookfield Reinsurance to acquire all outstanding…
BROOKFIELD, NEWS, June 27, 2023– Brookfield today announced that following close of markets on June 26, 2023, Brookfield Reinsurance delivered a letter to the board of directors of American Equity Investment Life Holding Company setting forth a proposal to acquire all of the outstanding shares of common stock of AEL not already owned by Brookfield…
FORT LAUDERDALE, Fla., June 27, 2023/ PRNewswire/– Hurricane season is in full swing now through November, and those traveling to hurricane-prone destinations should consider mitigating the hassle of getting caught in one of these natural disasters. Yonder Travel Insurance has advice on how travel insurance can help you travel with peace of mind, even during the…
As South Carolina’ s six-week abortion ban again hangs in the balance, The State analyzed each section of the law, explaining what the full impact of the ban would be if the S.C. Supreme Court rules it can take effect. Henry McMaster signed the bill into law, Planned Parenthood South Atlantic, the Greenville Women’ s Clinic and two physicians who provide abortions in…
The global business travel accident insurance market is expected to grow from $4.95 billion in 2022 to $6.03 billion in 2023 at a compound annual growth rate of 21.8%. Europe was the largest region in the business travel accident insurance market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The few corporate crime prosecutions keep declining from Obama to Trump to Biden, due to a settlement-obsessed Department of Justice staffed by lawyers readying to join the lucrative major corporate crime defense firms. These CEOs now make an average of $14,000 an hour, while employing workers who are lucky to make $20 an hour. Corporate law firms specialize…
Fraud is one of several reasons that insurance rates in Florida have skyrocketed over the past five years. In fact, less than 2% of investigations opened by the state Department of Financial Services results in a conviction. Recent examples of fraud reported this month by state-owned Citizens Property Insurance Corp. include a May arrest of a public adjuster,…
A new three-year agreement has been reached that will keep Hawaii Health Systems Corporation as part of the UHA Health Insurance network. The agreement is significant for Hawaii Island, because HHSC facilities include Hilo Medical Center, Hale Ho‘ ola Hamakua, Ka‘ u Hospital, Kohala Hospital and Kona Community Hospital. "We are pleased that we have reached an…
Jun. 26— This comes from the First Street Foundation: Highlights From "The Precipitation Problem." Which means "that approximately 17.7 million properties across the country are at substantial risk or greater, which is 2.2 times more than the amount included in the FEMA 1- in-100 SFHA designation. If they do buy flood insurance at government subsidized rates, it…
Jun. 26— A special Great Bend USD 428 Board of Education meeting is set for 7:30 a.m. Thursday, June 29, at the District Education Center, 201 South Patton Road. The Kansas Educational Risk Management Pool is a member-owned consortium comprising public K-12 Kansas school districts. The insurance renewal quote for $466,702.20 for the 2023-2024 school year has an…
HONG KONG and SHANGHAI, June 27, 2023/ PRNewswire/– Ping An Bank, a subsidiary of Ping An Insurance Company of China, Ltd., has disbursed the first installment of a loan to Baotou Iron and Steel Group Co., Ltd. under a RMB180 million financing agreement for a pioneering carbon capture project, the first encompassing the whole chain of China's steel industry.
LOUIS— The planned merger of BJC HealthCare and Kansas City- based Saint Luke's Health System could be the biggest deal for the St. "That gives them huge leverage in terms of negotiating power with the insurers," Ryan Barker, an independent health care policy consultant based in St. Louis and former director of health policy at the Missouri Foundation for Health,…
In a new Best’ s Market Segment Report,“ Market Segment Outlook: South Korea Non-Life Insurance,” AM Best states that long-term insurance, the largest business line in the non-life industry, maintained stable growth of approximately 4% in 2022 due to continued expansion of the recurring premium base and strong new business generation from health products.
The Shelby County Commissioners renewed their insurance policy with Liberty Mutual during their Monday morning meeting. The premium for the 2023-2024 year is $499,529. Brady Claxton, the county's insurance agent, said the insurance rates have gone up because of the market.
2023 JUN 26– By a News Reporter-Staff News Editor at Insurance Daily News– A patent by the inventors Christensen, Scott T., Farris, Scott, Hayward, Gregory, Konrardy, Blake, filed on January 16, 2020, was published online on June 6, 2023, according to news reporting originating from Alexandria, Virginia, by NewsRx correspondents. Patent number 11669090 is assigned to…
2023 JUN 26– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a patent application by the inventors Duffy, Columb; Faulkner, Ryan; Gee, Brennan; Rice, Brian, filed on December 3, 2021, was made available online on June 8, 2023. The assignee for this patent application is…
