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Numerous Facts Omitted From Recent Wall Street Journal Article On Greg Lindberg’s North Carolina Insurance Companies

December 31, 2022 Newswires No comments.

For example, Mr. Lindberg has never spent a single night inside the Raleigh, N.C. house referred to in the Wall Street Journal reporting. This property was never used as a personal residence for Mr. Lindberg. Before he acquired his first insurance company, Mr. Lindberg established a no-dividend policy for each insurance company to protect policyholders and ensure…

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Investment Climate Panama

December 31, 2022

Lying at the crossroads of the North and South American continents and the Atlantic and Pacific oceans, Panama benefits from its strategic location, with the offshore finance, insurance, shipping registry, and tourism industries generating jobs and revenue. Panama also plans to construct a metro system in Panama City, valued at $1.2 billion and scheduled to be…

$65.3M Settlement Reached for Victims of Alleged Abuse at Centralia Kiwanis Boys Home [The Chronicle, Centralia, Wash.]

December 31, 2022

Dec. 30— The former administrator and the estate of the former director of the Centralia Kiwanis Vocational Home, which was reportedly fraught with abuse, negligence and fraud between 1971 and its closure in 1994, have agreed to a $65.3 million settlement to benefit victims of abuse at the home. They're still coming forward, "said attorney Darrell Cochran, whose…

Nonprofit report identifies Richmond as facing increased risk of climate disasters

December 31, 2022

King and Queen County, on Virginia's Middle Peninsula, had six federally declared disasters, the most in the state. FEMA and HUD have provided the state with more than $410 million in public post-disaster aid in the 11- year period, the report found– a figure that does not include insurance payouts or individual assistance from those agencies or support from…

YMI: NJ Department of Banking and Insurance Announces Abortion Coverage Requirements for 2023 Plan Year

December 31, 2022

Phil Murphy, D- New Jersey, posted the following news release on Dec. 30, 2022:. Following votes by the boards of both the Individual Health Coverage Program and the Small Employer Health Benefits Program, the New Jersey Department of Banking and Insurance today announced that requirements for comprehensive abortion coverage among insurers in the individual…

Judicial Council of California Issues Opinion in First American Title Insurance Vs. Arkesh Ventures and Kaushik Banerjee Case

December 31, 2022

SACRAMENTO, California, Dec. 31– The Judicial Council of California issued the following opinion on Dec. 29, 2022:. In the Court of Appeal of the State of California, Sixth Appellate District. Plaintiff First American Title Insurance Company, Inc. obtained a default judgment against defendants Kaushik Banerjee and Arkesh Ventures, Inc. in an action to enforce a…

Louisiana regulators continue allowing weak insurers to take on risky policies [The Advocate, Baton Rouge, La.]

December 31, 2022

Three months later, Safepoint assumed 24,000 more. Five months before Safepoint extended the first lifeline to Louisiana, in June 2021, its rating from A.M. Best— the leading rating agency for insurers— dropped so low that it could no longer insure homes with federally backed mortgages. Instead, Safepoint simply withdrew the negative grade, meaning A.M. Best no…

Louisiana regulators continue allowing weak insurers to take on risky policies

December 31, 2022

Three months later, Safepoint assumed 24,000 more. Five months before Safepoint extended the first lifeline to Louisiana, in June 2021, its rating from A.M. Best– the leading rating agency for insurers– dropped so low that it could no longer insure homes with federally backed mortgages. Instead, Safepoint simply withdrew the negative grade, meaning A.M. Best no…

Your Home column: Do you need Title Insurance?

December 31, 2022

Lender's Title Insurance is required, but owner's title insurance is optional. Title Insurance is a small price to pay to protect your interest in case anyone challenges your title after you close on your home. This advertisement is provided by Lori Thomas with Dodge County Title& Escrow, 549 N. Main St..

Louisiana regulators continue allowing weak insurers to take on risky policies

December 31, 2022

Three months later, Safepoint assumed 24,000 more. Five months before Safepoint extended the first lifeline to Louisiana, in June 2021, its rating from A.M. Best– the leading rating agency for insurers– dropped so low that it could no longer insure homes with federally backed mortgages. Instead, Safepoint simply withdrew the negative grade, meaning A.M. Best no…

Hail storm leaves damage in wake

December 31, 2022

The widespread damage to the northern end of the county saw car and homeowners insurance claims skyrocket, making this the ninth story in the Highlands News-Sun's Top 10.. Some neighborhoods were hit worse than others, like Sun N Lake in Sebring. Lake Placid was hit with rain but no hail.

Louisiana regulators continue allowing weak insurers to take on risky policies

December 31, 2022

Three months later, Safepoint assumed 24,000 more. Five months before Safepoint extended the first lifeline to Louisiana, in June 2021, its rating from A.M. Best– the leading rating agency for insurers– dropped so low that it could no longer insure homes with federally backed mortgages. Instead, Safepoint simply withdrew the negative grade, meaning A.M. Best no…

Keven Moore: The risks of space heaters; avoid being one of the many victims of home heating fire deaths

December 31, 2022

January is the month when winter has settled in and many of us are binge-watching our shows on Netflix, Hulu, Primetime or Disney curled up either in front of a warm fireplace or space heater. He has a bachelor's degree from the University of Kentucky, a master's from Eastern Kentucky University and 25- plus years of experience in the safety and insurance…

County commissioners to meet Tuesday morning

December 31, 2022

Jackson County Commissioners are slated to meet at 9 a.m. Tuesday at the Jackson County Courthouse, 111 S. Main St., Brownstown. Agenda items include discussion for renewal of the county's casualty and liability insurance with Beatty Insurance representative John Beatty; discussion of a contract with county attorney Susan Bevers for 2023; discussion for…

Floyd County approves mediation proposal with law enforcement center and courthouse update architect

December 31, 2022

The Floyd County Board of Supervisors made a move Friday morning to settle litigation against the architect for the county Law Enforcement Center and courthouse update projects that have ended up costing much more and taking much longer than originally estimated. The Board of Supervisors and Prochaska Associates, of Omaha, Nebraska, had filed claims…

CORRECTING and REPLACING Former Apple CEO John Sculley Bets on eternalHealth, a Medicare Health Plan in Boston, and Joins as the Chairman of the Board [Business Wire India]

December 31, 2022

eternalHealth, the first Medicare Advantage Health Plan to get licensed in Massachusetts in nearly a decade, is looking to disrupt the health insurance industry by providing high quality, affordable care to Beneficiaries in Massachusetts and eventually beyond. This in turn will make healthcare more accountable, accessible, and comprehensive, "said Mr….

Individual and small business health insurance plans must cover abortion care in N.J., new rules state [The Philadelphia Inquirer]

December 30, 2022

Dec. 31— New Jersey will require individual and small business health insurance plans to cover abortion care starting Jan. 1, the state Department of Banking and Insurance announced Friday. New Jersey is already among the states with the strongest abortion rights protections, and most insurers in New Jersey's individual and small employer markets already…

State reverses course, awards Medi-Cal contract to San Diego's largest operator [The San Diego Union-Tribune]

December 30, 2022

About 366,000 fewer San Diego County residents on Medi-Cal will have to change health plans as a result of an announcement from the California Department of Health Care Services Friday. A controversial announcement this summer awarded management of nearly 900,000 Medi-Cal beneficiaries in San Diego County to three companies: Health Net, Molina…

Heffernan Network Insurance Brokers Acquires SGB Insurance Services: Heffernan Network Insurance Brokers

December 30, 2022

2022 DEC 30– By a News Reporter-Staff News Editor at Mergers& Acquisitions Daily News– Heffernan Network Insurance Brokers, a subsidiary of Heffernan Insurance Brokers providing market access and support services to local insurance agencies, has acquired SGB Insurance Services located in Wildomar, CA. Founder and president Scott Becker joined Heffernan…

Global Indemnity Group, LLC Files SEC Form 8-K, Current Report: (Dec. 15, 2022): Global Indemnity Group LLC

December 30, 2022

2022 DEC 30– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a U.S. Securities and Exchange Commission filing by Global Indemnity Group, LLC was posted on December 15, 2022. The SEC file number is 0001193125-22-306008.. A U.S. Securities and Exchange Commission…

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