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Embroker Introduces Professional Financial Services Coverage Program Built on ONE Platform

January 25, 2024

Embroker, the digital insurance company making it radically simple to get business insurance, today released its newest professional vertical program developed specifically for financial services professionals. This offering is unique to the needs of accountants, bookkeepers, and tax preparers, built to handle specific risks around professional…

Florida lawmakers look at raising Citizens coverage cap

January 25, 2024

Pointing to increased home values and difficulties finding property insurance, a Florida Senate committee recently approved a bill that would allow residents with homes valued at more than $700,000 to get coverage from the state's Citizens Property Insurance Corp.. Under current law, Citizens is barred from selling policies for homes with a "dwelling…

IRS warns school district of $500,000 penalty

January 25, 2024

Vezina said the IRS is "penalizing" the union school district close to $500,000 over a health care insurance form that was- or wasn't- filed back in 2019.. Vezina said he learned from the school district's accounting firm that there are four other Vermont school districts facing the same IRS health insurance penalties, and that he's pretty confident the problem…

Tom Campbell: Rapidly aging population should raise alarm

January 25, 2024

As move along in another year, we are reminded we are a year older, and one of the largest issues we will face in 2024 and beyond is an aging population. North Carolina, like most states, is unprepared to deal with these numbers or their needs. Even with a 401, IRA, some type of pension or Social Security they worry about how they can afford to live into their 80 s or 90 s.

OLD REPUBLIC REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2023

January 25, 2024

Old Republic International Corporation today reported pretax income, excluding investment losses, of $237.1 for the quarter and $938.4 for the full year 2023. Title Insurance pretax operating income was relatively consistent for the quarter, but declined for the full year. General Insurance pretax operating income decreased for the quarter but was…

Humana Appoints President of Enterprise Growth

January 25, 2024

Leading health insurer and health care services company Humana Inc. announced today that it has named David Dintenfass as President of Enterprise Growth. By 2030, one in five Americans is projected to be 65 years old or older, and Humana is the second largest MA provider in the U.S. with more than 5 million customers today. He will report to Jim Rechtin, Humana’ s…

Humana Reports Fourth Quarter 2023 Financial Results; Provides Initial Full Year 2024 Financial Guidance

January 25, 2024

Humana Inc. today reported consolidated pretax results and net earnings per share for the quarter ended December 31, 2023 versus the quarter ended December 31, 2022 and for the year ended December 31, 2023 versus the year ended December 31, 2022 as noted in the tables below. Adjusted 4 Q22 and FY 2022 metrics, where applicable, have been recast to exclude the…

CT reinsurance giant Gen Re expected to open offices in downtown Stamford in 2025

January 25, 2024

Its arrival will underpin the revival of 400 Atlantic, a 15- story building covering approximately 500,000 square feet, which formerly housed the headquarters of Spectrum services provider Charter Communications. They are a symbol of financial strength and stability, " George Comfort& Sons, which owns 400 Atlantic, said in a written statement.

Court ruling favors Blue Cross NC, letting fight for state contract continue

January 25, 2024

The fight for the 2025 contract for the administration of the State Health Plan will continue following a court ruling favorable to Blue Cross NC in its challenge to the state’ s decision to award the contract to Aetna. In January 2023, State Treasurer Dale Folwell announced that Aetna would replace Blue Cross Blue Shield of North Carolina as the administrator…

Insurance system different, but effective

January 25, 2024

North Carolina is unique in how it sets insurance rates for the most common types of consumer insurance, including homeowners' and automobile insurance policies. I'm always looking for ways to make things better, to help North Carolina consumers get value for their insurance premium dollar. I just want to make sure any modi-fications to the way insurance rates…

Legal Notices

January 25, 2024

A potential purchaser is encouraged to contact the county register of deeds office or a title insurance company, either of which may charge a fee for this information: Name of the mortgagor: Steven A. Kaiser and Mary L. Kaiser husband and wife Original Mortgagee: Mortgage Electronic Registration Systems, Inc., as mortgagee, as nominee for lender and lender's…

U.S. Long-Term Care Insurance Companies Paid $14B in 2023 Claims

January 25, 2024

Los Angeles, CA January 25, 2024—- The nation "s long-term care insurance companies paid out a record $14.1 Billion to policyholders on claim in 2023. The data was revealed today in a new report from the American Association for Long-Term Care Insurance. "There were over 350,000 individuals who received claim payments last year," states Jesse Slome,= director of the…

Crop insurance faces opposition from conservative groups

January 25, 2024

"Congress should eliminate federal revenue-based crop insurance policies," stated the Heritage Foundation, an influential, conservative think tank, in its "Budget Blueprint for FY 2023.". "The federal government should not be in the business of insuring price or revenue; agricultural producers, like other businesses, should not be insulated from market forces…

Crop insurance not just a safety net for farmers

January 25, 2024

"I don't think people put enough weight behind the importance of crop insurance and what crop insurance has meant to our farmland, our stability and not just our farmland, but really, our rural economies," said Doug Hensley, the president of real estate services for Hertz Farm Management. Federal crop insurance has been around since 1938, when Congress passed the…

Asian Business Headlines at 5:01 a.m. GMT

January 25, 2024

The move could inflame a dispute with India Tencent' s' League of Legends' developer Riot Games announces layoffs of 530 staff Russian is sanctioned over the hacking release of Australian health insurer client data.

Seattle will pay $10 million to protesters who said police used excessive force during 2020 protests

January 24, 2024

—Seattle has agreed to pay $10 million to 50 demonstrators who sued over the police department’ s heavy-handed response to racial justice protests in 2020, in a settlement announced by attorneys from both sides Wednesday. The protesters were among tens of thousands who rallied downtown and in the Capitol Hill neighborhood for weeks following the killing of…

Aviva Digital Transformation Strategy Analysis Report 2023: Accelerators, Incubators, and Other Innovation Programs

January 24, 2024

The group operates through its business units in the UK, Ireland and Canada. Its UK& Ireland Life business unit offers health& life insurance, retirement and wealth products to customers in the UK and Ireland. Its Canada General Insurance business unit offers business, home, car, and lifestyle insurance products to customers in Canada.

Shelton man who defrauded Medicaid program avoids jail

January 24, 2024

The charge stems from a Medicaid fraud investigation into Michael Mastronardi, who authorities said was billing for time spent assisting an aging uncle when he was actually working at the Greenwich Police Department. State Medicaid fraud investigators alleged Mastronardi used his elderly uncle to claim $50,000 in fraudulent wages from Medicaid.

Court ruling favors Blue Cross NC, letting fight for State Health Plan contract continue [The Charlotte Observer]

January 24, 2024

The fight for the 2025 contract for the administration of the State Health Plan will continue following a court ruling favorable to Blue Cross NC in its challenge to the state’ s decision to award the contract to Aetna. In January 2023, State Treasurer Dale Folwell announced that Aetna would replace Blue Cross Blue Shield of North Carolina as the administrator…

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