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Patent Issued for Systems and methods for centralized database cluster management (USPTO 11755627): United Services Automobile Association

September 28, 2023

2023 SEP 28– By a News Reporter-Staff News Editor at Insurance Daily News– From Alexandria, Virginia, NewsRx journalists report that a patent by the inventors Forrester, James Joseph, Hansen, Philip, Lakshmipathy, Prasad, Ortega, Armondo Elias, Picarazzi, Jason Patrick, Puente, Jose, filed on April 2, 2021, was published online on September 12, 2023.

Researchers Submit Patent Application, “Compositions And Methods For Treating Ocular Diseases”, for Approval (USPTO 20230285281): Patent Application

September 28, 2023

2023 SEP 28– By a News Reporter-Staff News Editor at Insurance Daily News– From Washington, D.C., NewsRx journalists report that a patent application by the inventors Blizzard, Charles D.; Desai, Ankita; Driscoll, Arthur; Goldstein, Michael, filed on December 14, 2022, was made available online on September 14, 2023. No assignee for this patent application has been made.

“System For Providing An Automated Electronic Healthcare Insurance Payor Platform” in Patent Application Approval Process (USPTO 20230289888): Patent Application

September 28, 2023

2023 SEP 28– By a News Reporter-Staff News Editor at Insurance Daily News– A patent application by the inventor Bemis, Richard, filed on March 8, 2023, was made available online on September 14, 2023, according to news reporting originating from Washington, D.C., by NewsRx correspondents. This patent application has not been assigned to a company or institution.

Patent Issued for Automated damage assessment and claims processing (USPTO 11756131): Allstate Insurance Company

September 28, 2023

2023 SEP 28– 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 Garg, Rohit, Genser, Danuta, Harlalka, Devbratt, Katyal, Gaurang, filed on June 3, 2021, was published online on September 12, 2023. The assignee for this patent, patent number…

RECOVERING FROM IAN: INSURANCE CRISIS

September 28, 2023

"It's a very treacherous marketplace here in Florida for both consumers and insurers," said Mark Friedlander, a spokesman for the industry association Insurance Information Institute. "Florida still stands out for being in the worst overall condition of a market right now." There were 521,819 residential property claims for Ian, according to information…

Florida’s Citizens Insurance focuses on ‘depopulation’ to decrease policy count

September 28, 2023

As it tries to move customers into the private market after three years of massive growth, the state's Citizens Property Insurance Corp. could start to see its number of policies decrease. Citizens President and CEO Tim Cerio said Wednesday that Citizens is now forecasting it will have about 1.3 million policies at the end of 2023, after earlier estimates of…

AM Best Upgrades Issuer Credit Ratings of Zenith National Insurance Group’s Members

September 28, 2023

AM Best has upgraded the Long-Term Issuer Credit Ratings to“ a+” from“ a” and affirmed the Financial Strength Rating of A of Zenith Insurance Company and ZNAT Insurance Company, which are members of Zenith National Insurance Group and are domiciled in Woodland Hills, CA. The outlook of these Credit Ratings is stable. The ratings reflect Zenith National’ s balance…

Insurance Council of Australia: Tasmania's Decision to Remove Unfair Insurance Tax Welcomed – NSW Must Be Next

September 28, 2023

The Insurance Council of Australia issued the following news release:. The Insurance Council of Australia today welcomed the Tasmanian Government's decision to abolish the Fire Services Levy charged on business insurance policies. New South Wales insurance customers are paying nearly three times the amount of state taxes than Victorian insurance…

Readout of HHS Secretary Becerra's Meeting with National Health Insurance Leaders

September 28, 2023

The U.S. Department of Health and Human Services issued the following news release:. On Wednesday, September 27th, U.S. Department of Health and Human Services Secretary Xavier Becerra met virtually with health insurance company leaders and national stakeholders to discuss how HHS will continue to partner with the private sector to ensure individuals have…

W. R. Berkley Corporation Names John J. Forte President of Berkley Public Entity

September 28, 2023

W. R. Berkley Corporation today announced the appointment of John J. Forte as president of Berkley Public Entity, a Berkley Company. Commenting on the appointment W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, said,“ John has been instrumental in the growth and development of Berkley Public Entity since he joined the…

Correction: California-Home Insurance story

September 28, 2023

—In a story published September 21, 2023, about property insurance, The Associated Press erroneously reported that insurers must pay into a fund to provide coverage for people who can’ t get coverage through no fault of their own. The fund is primarily funded by policies sold to customers. Insurers only pay into the fund if it is insolvent or to keep it from going…

Canada Jetlines Announces $13.5 Million Equity Financing

September 28, 2023

Canada Jetlines Operations Ltd., Canada’ s friendly leisure airline, is pleased to announce that it intends to undertake a non-brokered private placement with a single arm’ s length investor to raise $13,500,001. The investor is Jetstream Aviation Inc. the which is a Canadian corporation. The first settlement will occur within two business days of the…

AM Best Assigns Credit Ratings to Athene Co-Invest Reinsurance Affiliate 2A Ltd. and Athene Co-Invest Reinsurance Affiliate 2B Ltd.

September 28, 2023

AM Best has assigned Financial Strength Ratings of A and Long-Term Issuer Credit Ratings of“ a+” to Athene Co-Invest Reinsurance Affiliate 2 A Ltd. and Athene Co-Invest Reinsurance Affiliate 2 B Ltd. both domiciled in Bermuda. These two entities will be subsidiaries of Athene Holding Ltd. and collectively referred to as Athene Group. The outlook assigned to…

"No one wants to pay higher insurance rates," Citizens double-digit rate hike approved

September 28, 2023

Citizens Insurance policy holders will be tightening their belts during this holiday season, but it won't be from the turkey or ham. The Citizens Board of Governors on Wednesday morning approved a historic double-digit rate hike, set to be in place by year's end, raising homeowner policy rates by an average of 11.5% and many commercial policies by an average of…

Farmers Life Insurance Co. introduces Harvest fixed index annuity

September 28, 2023

–Farmers Life Insurance Company, a Tennessee domiciled life insurance company, has officially launched its first fixed index annuity product called the Harvest. "This is yet another exciting milestone for Farmers Life, as we continue to develop and deliver highly competitive products that meet critical and pervasive planning needs for a growing number of…

Health insurance bill designed to entice volunteer firefighters amid statewide shortage in Wyoming

September 28, 2023

State lawmakers said the bill was a "recruitment tool" to entice enrollment as Wyoming faces a statewide shortage of fire personnel. Bill draft 24 was unanimously passed by members of the Labor, Health and Social Services Committee on the second day of their two-day meeting in Saratoga. Cooper, who serves as the fire chief for Sublette County, told the Wyoming…

Staff shortages, sale of nonprofits threaten Wisconsin's Family Care, advocates say

September 28, 2023

Wisconsin's Family Care program, already confronting a caregiver shortage in serving people with disabilities and the frail elderly on Medicaid, faces more uncertainty as for-profit companies acquire two of four local nonprofits that run the program, advocates said Wednesday. They're concerned about access, "said Patti Jo Becker, co-chair of the Survival…

What to know about HSA’s and FSA’s

September 28, 2023

Paying for health care can be challenging— but are you taking full advantage of all the resources available to you? In fact, you can carry your HSA with you all the way until retirement, when you can use the money to pay for qualified expenses that Medicare or Medicare Supplement Insurance doesn't cover. In 2023, you can contribute up to $3,850 to an HSA, or $4,850 if…

Texas continues to see Medicaid application delays

September 28, 2023

AUSTIN— Texas' backlog of Medicaid health insurance applications is raising concerns that eligible Texans continue to go without health care even if they qualify. Since then, the Texas Health and Human Services Commission has been working to evaluate eligibility and remove those who no longer qualify as well as enroll new applicants, but the process has been…

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