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Best’s Special Report: Publicly Traded Health Insurers Report Solid Post-Pandemic Results

June 26, 2023

Publicly traded U.S. health insurance companies posted a 9% increase in net income to $40 billion in 2022, even as utilization has reverted to, and in some regions, exceeded pre-pandemic levels, according to a new AM Best report. The report notes that the companies followed for the report have a strong presence in government program markets, which drove strong…

People on the Move: June 26, 2023 [Las Vegas Sun]

June 26, 2023

Jun. 26— UNLV announced the establishment of the Kerestesi Center for Insurance and Risk Management within the Lee Business School. City of Henderson announced that its parks were ranked 19th in the nation by the Trust for Public Land's ParkScore index— a national gold-standard comparison of park systems across the 100 most populated cities in the United…

CXR-AID, Powered by Lunit, Nets Japan Nod for Reimbursement, Accelerating Market Expansion Opportunities

June 26, 2023

–Lunit, a global provider of cancer diagnostics solutions, today announced that CXR-AID, FujiFilm's AI solution for chest X-ray analysis, powered by Lunit INSIGHT CXR, has been officially included as an eligible solution for health insurance reimbursement in Japan. The reimbursement is provided under the' Imaging Diagnosis Reimbursement Class 3' category of…

Certain Eagle Re Entities Announce Tender Offers for Any and All of Certain Outstanding of Series 2019-1 and 2020-1 Mortgage Insurance-Linked Notes

June 26, 2023

BofA Securities, Inc. has been engaged as the sole dealer manager for each Offer. The tender offer period will commence on Monday, June 26, 2023, and expire at 5 p.m. New York City time on Friday, June 30, 2023, unless extended. Notes validly tendered may be withdrawn at any time at or prior to 5 p.m., New York City time, on Friday, June 30, 2023, unless extended by the…

United Insurance Holdings Corp. to Present at the 26th Annual Raymond James Insurance Conference

June 26, 2023

United Insurance Holdings Corp., a property and casualty insurance holding company that underwrites commercial residential property and casualty insurance policies in the United States through its wholly owned insurance subsidiary, American Coastal Insurance Company, today announced that the Company’ s President and Chief Financial Officer, Bennett…

Critical Illness Insurance Market | Top Manufacturers Analysis, Emerging Trend and Growth Forecast

June 26, 2023

PORTLAND, OR, UNITES STATES, June 26, 2023/ EINPresswire.com/– Younger people are suffering from life-threatening diseases or critical ailments due to the sedentary lifestyle. According to insurance estimates, 40% of heart patients in India belong to the age group of 25-35 years. The critical illness insurance market was valued at $124.67 billion in 2021, and…

Unnecessary health insurance forms clogging your mailbox? Congress has a plan to stop it

June 26, 2023

WASHINGTON— Tired of getting some form in the mail from Washington about health insurance and wonder what it is? The Senate will now consider the legislation. Jimmy Panetta, D- Calif., one of the legislation's major sponsors.

Reinsurance Carriers Market Is Booming Worldwide with Munich Reinsurance, PartnerRe, Sompo

June 26, 2023

Stay up-to-date with Global Reinsurance Carriers Market research offered by HTF MI. HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services "– Criag Francis PUNE, MAHARASHTRA, INDIA, June 26, 2023/ EINPresswire.com/– The Latest…

Democrats call for DACA health care expansion

June 26, 2023

Cory Booker, Dick Durbin and Mazie Hirono and Reps. Joaquín Castro and Pramila Jayapal, the Democrats asked Centers for Medicare& Medicaid Services Administrator Chiquita Brooks-LaSure to speed up implementation of a proposed rule to that effect that the Biden administration rolled out in April. "Despite living in the United States for most of their lives…

As Hurricane Ida deadline looms, judges loosen rules for former cases of troubled Texas law firm

June 26, 2023

The deadline to file suit against insurance companies over damages caused by Hurricane Ida is quickly approaching, a prospect that is particularly concerning for clients of Texas law firm McClenny Moseley and Associates, who saw their lawyers suspended from practice across the state earlier this year. Property owners have until August 29 to file suit, but…

Realtors provide relief to February tornado victims

June 26, 2023

Jun. 23— Twenty Norman tornado victims recently received checks from the National Association of Realtors to assist them with rebuilding their homes following the Feb. 26 storms. The money was paid from a grant totaling $70,000, with each family receiving a maximum of $1,000. The RRF was founded in 2001 following the Sept. 11 terrorist attacks at the World Trade…

Jill On Money: The bear market is dead, long live the bull!

June 26, 2023

The Great Financial Crisis bear lasted 517 days (from Oct. 9, 2007, to March 9, 2009, and caused a 56.8% drop in the S&P 500 index. To help thaw the frozen economy, Congress enacted a series of spending measures, and concurrently, the Federal Reserve slashed interest rates to zero and purchased government and mortgage-backed bonds. The combination of these trillions…

Four takeaways after Fed rate pause

June 26, 2023

There's a horror movie cliché that feels a lot like the Federal Reserve's recent interest rate pause. The Fed left interest rates unchanged last week but signaled that inflation is still a scary figure in our economy. "The process of getting inflation down is going to be a gradual one," Fed Chair Jerome H. Powell said during a news conference Wednesday.

Fort Worth oil, gas owner sentenced to 17 years in prison in $30 million fraud case

June 26, 2023

A Fort Worth owner of oil and gas companies was sentenced to more than 17 years in prison for running a multi-million dollar fraudulent scheme, announced Leigha Simonton, the U.S. Attorney for the Northern District of Texas. Billy Marcum, Jr., 67, pleaded guilty in December 2022 to wire fraud. District Judge Mark Pittman, who also ordered Marcum to pay more than $16…

Coral Springs man charged with allegedly defrauding investors out of $100M through trucking company

June 26, 2023

CORAL SPRINGS, FL– Federal prosecutors have charged a 43- year-old Coral Springs man for allegedly defrauding investors out of $100 million through a trucking company– and using money to renovate his home, make mortgage payments, pay for personal expenses, and trade stocks. According to a news release from U.S. Department of Justice on Friday, Sanjay Singh, 43, the…

Annuity an option as Powerball, Mega Millions weekend jackpots total $747M

June 26, 2023

GREENVILLE, N.C.– Powerball and Mega Millions players have two chances to win big this weekend playing for jackpots that total $747 million combined. Saturday's Powerball jackpot stands at a $427 million annuity worth $221.1 million in cash. In Wednesday's Powerball drawing, two tickets matched four white balls and the red Powerball to win $50,000.

IGI Announces Waleed Jabsheh to Succeed Wasef Jabsheh as CEO

June 26, 2023

The Board of Directors of International General Insurance Holdings Ltd. today announced that effective July 1, 2023, founder and current Chairman and Chief Executive Officer Wasef Jabsheh will become Executive Chairman, while current President Waleed Jabsheh will assume the role of Chief Executive Officer, implementing the succession plan that was put…

TY Health Insurance Brokerage Launches Small Business-Focused Customized Health Insurance Solutions

June 26, 2023

NEW YORK, UNITED STATES, June 26, 2023/ EINPresswire.com/– TY Health Insurance Brokerage, a leading provider of health insurance solutions, is proud to announce its commitment to helping small businesses reduce their health insurance costs while enhancing employee relations and fostering a culture of health and wellness. Running a small business is no easy…

300K in NC face removal from Medicaid End of pandemic-related Medicaid coverage could affect 300,000 in NC

June 26, 2023

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…

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