—President Donald Trump says Republicans will be “the party of health care.” THE FACTS: The White House, executive branch agencies like Health and Human Services, and Republicans in Congress do not have a comprehensive plan to provide “far better” health care than the Affordable Care Act and there’s no indication they are working on one. Some Republicans argue that…
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Schlichter Bogard & Denton Achieves $55 Million Settlement in Historic 401(k) Case against ABB
ABB Inc., the law firm represented a class of participants in the ABB 401 plans, in a suit which alleged breaches of fiduciary duty under the Employee Retirement Income Security Act and that ABB subsidized its corporate expenses with fees paid out of its employees’ retirement assets. Tussey v. ABB Inc. was the first 401 case to go to a full trial and the longest such…
AM Best’s Insurance Law Podcast Discusses Fraudulent Water Claims
AM Best and Best’ s Insurance Professionals and Claims Resource have released the latest installment of the Insurance Law Podcast, a series that examines timely claims and insurance issues from a legal perspective. The podcast features Shelly Lee Griffin, executive partner at Secrest Wardle. Secrest Wardle is a Qualified Member of Best’s Recommended…
March 28– Mar. 28– Friday is the deadline for Florida homeowners to apply for help to repair damage caused by Hurricane Irma. “Rebuild Florida is using federal funding to repair, rebuild or replace the homes of those impacted by Hurricane Irma,” said Ken Lawson, executive director of the Florida Department of Economic Opportunity. “We need Florida’s construction…
KBRA Releases Insurance Research: Insured Losses Rising for Tornadoes
Kroll Bond Rating Agency releases a research report on the rising risks of tornadoes. The National Weather Service said the tornado was a category EF4 storm, which was part of a system that also barreled through sections of South Carolina, Georgia and Florida with wind speeds of 170 miles per hour. With hurricanes grabbing the headlines in 2017 and 2018, and…
Arkansas’ Republican governor is urging lawmakers to keep a Medicaid expansion program despite a federal judge’s ruling blocking the state from enforcing a work requirement. Gov. Asa Hutchinson said Thursday he hoped the federal government would appeal the ruling against the state’s requirement that those on its Medicaid expansion work or lose coverage. A federal judge in Washington on Wednesday blocked Medicaid work requirements in Kentucky and Arkansas.
March 28– Mar. 28– April is a tough month to not think about your money. This year, Michigan’s Money Smart Week isn’t just one stretch of seven days. “It’s cheaper to fix what you’ve got, especially when it’s fixed for free at the Repair Cafe,” said Denise Harris-Fiems, a reference librarian at the White Lake Township Library, which will host the event April 6.
AM Best Withdraws Credit Ratings of Arab Insurance Group (B.S.C.)
The company reported a net loss of USD 52 million in 2018. Although Arig’ s own reinsurance and investment operations reported positive earnings, these were offset by significant underwriting losses from its Lloyd’ s participation, amounting to USD 28.3 million, and a USD 21.5 million provision for fraud uncovered in one of its subsidiaries.
Artificial Intelligence in United States Insurance Industry – Forecast to 2025: A $2.62 Billion Opportunity – ResearchAndMarkets.com
Artificial Intelligence spend in insurance industry in United States has increased at 83.3% during 2018 to reach US$ 258.7 million. This business intelligence report aims to analyze market opportunities and risks in adoption of artificial intelligence in insurance industry in United States. This research report provides in-depth analysis, covering…
Houston, TX—- 03/28/2019– A Long-term care insurance policy is a contract between an insurance company and an insured. Advances in Internet infrastructure and rising insurance policy costs are major factors paving the way for Long-Term Care Insurance. The Long-Term Care Insurance market is characterized by a number of opportunities for aggregating…
Medicare Issues Draft Local Coverage Determination for Natera’s New Prospera™ Kidney Transplant Rejection Test
–Natera, Inc., a global leader in cell-free DNA testing, today announced that Palmetto MolDx has issued draft local coverage determination for use of the company’s new Prospera donor-derived cell-free DNA test to detect active rejection in kidney transplant recipients. “I am pleased with the draft coverage decision and look forward to working with Medicare…
AM Best Revises Issuer Credit Rating Outlook to Negative for PT Asuransi Jasa Indonesia (Persero)
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of“ bbb+” of PT Asuransi Jasa Indonesia. The outlook of the FSR remains stable. The ratings reflect Jasindo’ s balance sheet strength, which AM Best categorizes as strong, as well as its strong operating…
Guardian Designated a ‘Best Place to Work for LGBTQ Equality’ by Human Rights Campaign’s Corporate Equality Index
–The Guardian Life Insurance Company of America ®, a mutual life insurer and a leading provider of whole life, dental, individual disability income insurance and employee benefits, has earned a perfect score of 100 in the Human Rights Campaign Foundation’s 2019 Corporate Equality Index and in recognition of its commitment to diversity and inclusion has been…
MedeAnalytics and UST Global Announce Partnership to Launch MedeCreate™
DENVER and ALISO VIEJO, Calif., March 28, 2019/ PRNewswire/– Today MedeAnalytics, a software as a service healthcare analytics company and UST Global, a business process as a service firm, announced a partnership with a go-to-market strategy for leveraging new, leading-edge technology creating custom analytics for UST Global’s client, Friday Health Plans.
AM Best Affirms Credit Ratings of China Taiping Insurance (Macau) Co., Ltd.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of China Taiping Insurance Co., Ltd.. CTIM’ s risk-adjusted capitalization, as measured by Best’ s Capital Adequacy Ratio, returned to the strongest level at year-end 2018 from the adequate level a year ago, after settling the majority of its claims and receiving…
Pune, India—- 03/28/2019– The global Logistics insurance market is anticipated to reach USD 61.55 billion by 2025. The Logistics Insurance market report is a comprehensive research study of this business space that has been projected to garner highly appreciable returns by the end of the forecast duration. American International, Allianz, DB Schenker, Dawson,…
Philadelphia, PA—- 03/28/2019– Freedom Insurance Group, Inc., a leading independent car insurance agency in Philadelphia, reminds area residents that the start of spring is the perfect time to reassess their car insurance policy and make sure they’re getting the proper level of coverage for the right price. Philadelphia drivers can contact Freedom Insurance…
Philadelphia, PA—- 03/28/2019– Freedom Insurance Group, Inc., a leading independent car insurance agency in Philadelphia, reminds area residents that the start of spring is the perfect time to reassess their car insurance policy and make sure they’re getting the proper level of coverage for the right price. Philadelphia drivers can contact Freedom Insurance…
AM Best Affirms Credit Ratings of LocalTapiola General Mutual Insurance Company
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of LocalTapiola General Mutual Insurance Company. The outlook of the Long-Term ICR is positive, while the outlook of the FSR remains stable. The group generated an operating profit of approximately EUR 200 million in 2018, underpinned by a technical profit,…
