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Sellers charged with arson, fraud, aggravated assault

July 27, 2023

Courtney Sellers, 34, of Screven has been charged with arson, insurance fraud, aggravated assault, and cruelty to children, Georgia Insurance and Safety Fire Commissioner John F. King announced Monday. On July 17 the Jesup Fire Department reached out to investigators from the State Fire Marshal's Office in reference to video and audio footage from a fire on July…

Second quarter 2023 results: SCOR generates EUR 192 million net income in Q2 2023, contributing to EUR 502 million net income in H1 2023

July 27, 2023

SCOR generates EUR 192 million net income in Q2 2023, contributing to EUR 502 million net income in H1 2023. SCOR SE’ s Board of Directors met on 26 July 2023, under the chairmanship of Fabrice Brégier, to approve the Group’ s financial statements for the first half of 2023.. We are now finalizing the new Strategic Plan, which will be presented on 7 September 2023.”.

Las Vegas casino mogul Steve Wynn to pay $10M to end fight over claims of sexual misconduct

July 27, 2023

—Casino mogul Steve Wynn's long legal fight with Nevada gambling regulators over claims of workplace sexual misconduct is expected to end Thursday with a settlement calling for him to pay a $10 million fine and cut virtually all ties to the industry he helped shape in Las Vegas. Under terms of the deal, Wynn will be allowed to maintain“ passive ownership” of up to 5%…

Covered California to lower patient costs after Democratic lawmakers win funding from Newsom [The Sacramento Bee]

July 26, 2023

The state’ s health insurance exchange will zero out some patients’ hospital deductibles, up to $5,400; lower the copay of primary care visits from $50 to $35; and reduce the cost for generic drugs from $19 to $15. Covered California CEO Jessica Altman argues these are tangible reductions— savings on deductibles and copays on top of subsidies to lower monthly…

Tottenham owner Lewis surrenders to US authorities

July 26, 2023

British billionaire Joe Lewis has surrendered to United States authorities regarding an insider trading charge. In a statement the US Securities and Exchange Commission said: "Today we charged investor Joseph C. Lewis for illegally tipping material nonpublic information to his then-girlfriend, Carolyn W. Carter, as well as his two private pilots, Patrick J….

Kaiser responds to picketing in California [Times-Herald, Vallejo, Calif.]

July 26, 2023

Jul. 26— A day after picketing began in front of some Kaiser Permanente facilities to protest a short-staffing situation, the organization responded, saying the "events are not strikes and that the facilities will remain open and operate normally." Although no picketing had begun yet outside of the Vallejo and Vacaville facilities, picketing was scheduled on…

FormerEastHartford therapist accused of defrauding CT Medicaid program of $102,000, officials say [Journal Inquirer, Manchester, Conn.]

July 26, 2023

"Evidence acquired through an investigation showed that Trading Spaces, LLC was not meeting with clients as reported, however Patterson submitted claims to the Department of Social Services for payment." They said claims submitted to the state Department of Social Services by Patterson contained false, incomplete, deceptive or misleading information,…

State paid at least $5.2 billion in fraudulent or excessive unemployment claims during pandemic, audit finds [Chicago Tribune]

July 26, 2023

The state agency that distributes unemployment benefits paid out more than $5 billion in fraudulent or excessive claims over two years when the COVID-19 pandemic forced businesses to cut back their operations or shut down, leaving many Illinoisans out of work, according to a report from the Illinois auditor general. Among the missteps by the Illinois…

Motor Vehicle Insurance Market to grow by USD 405.19 billion from 2022 to 2027|Increasing government regulations on mandatory insurance coverage in developing countries to boost the market growth – Technavio

July 26, 2023

One of the main factors for the significant growth of the motor vehicle insurance market in North America is the presence of a regulatory environment in the region. The regulatory framework is strictly enforced in North America and is designed in such a way as to protect consumers and ensure fair competition among insurers. The increasing government…

Tottenham Hotspur owner Joe Lewis pleads not guilty to insider trading charges in NYC, released on $300M bond [New York Daily News]

July 26, 2023

Tottenham Hotspur football club owner Joe Lewis pleaded not guilty to insider trading charges in New York City on Wednesday and was released on a staggering $300 million bond secured by his yacht and private plane. He can’ t travel outside the Southern and Eastern Districts of New York, the Northern District of Georgia, and Florida. Lewis, who’ s also accused of…

Covered California to lower patient costs after Democratic lawmakers win funding from Newsom [The Sacramento Bee]

July 26, 2023

The state’ s health insurance exchange will zero out some patients’ hospital deductibles, up to $5,400; lower the copay of primary care visits from $50 to $35; and reduce the cost for generic drugs from $19 to $15. Covered California CEO Jessica Altman argues these are tangible reductions— savings on deductibles and copays on top of subsidies to lower monthly…

LifeWallet Announces Fiscal Year and Fourth Quarter 2022 Financial Results

July 26, 2023

–MSP Recovery, Inc. d/b/a LifeWallet, a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, announced it has filed its Annual Report on Form 10- K for the fiscal year ended December 31, 2022. As described in our Current Report on Form 8- K filed with the SEC on April 14, 2023, we identified errors in the accounting for the…

Moderator: Aaron Diefenthaler July 25, 2023 10:00 a.m. (CDT) – Form 8-K

July 26, 2023

Operator: Good morning, and welcome to the RLI Corp. Second Quarter Earnings Teleconference.. Please refer to the risk factors described in the company's various SEC filings, including in the annual report on Form 10- K, as supplemented in Forms 10- Q, all of which should be reviewed carefully. Additionally, equity in earnings of Maui Jim and the related taxes were…

Covered California to lower patient costs after Democratic lawmakers win funding from Newsom [The Sacramento Bee]

July 26, 2023

The state’ s health insurance exchange will zero out some patients’ hospital deductibles, up to $5,400; lower the copay of primary care visits from $50 to $35; and reduce the cost for generic drugs from $19 to $15. Covered California CEO Jessica Altman argues these are tangible reductions— savings on deductibles and copays on top of subsidies to lower monthly…

Researchers Submit Patent Application, “Information Processing Apparatus, Information Processing Method, And Information Processing Program”, for Approval (USPTO 20230215526): Patent Application

July 26, 2023

2023 JUL 26– 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 HIRAGAMI, Tomohide; HOSONO, Yasuyuki; KANEKO, Yasuhisa; KITAMURA, Nobuya; NAGAMIYA, Kenji, filed on November 29, 2022, was made available online on July 6, 2023. No assignee for this patent application has…

Damanhour University Researcher Adds New Data to Research in Mathematics (A New Lomax Extension: Properties, Risk Analysis, Censored and Complete Goodness-of-Fit Validation Testing under Left-Skewed Insurance, Reliability and Medical Data): Mathematics

July 26, 2023

2023 JUL 26– By a News Reporter-Staff News Editor at Insurance Daily News– Current study results on mathematics have been published. According to news reporting out of Damanhour, Egypt, by NewsRx editors, research stated,“ The idea of symmetry, which is used to describe the shape of a probability distribution, is a key concept in the theory of probability.”.

Patent Issued for Authentication based on user interaction with images or objects (USPTO 11696140): United Services Automobile Association

July 26, 2023

2023 JUL 26– 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 Billman, Bradly Jay, Erickson, Jennifer Hunt, filed on April 26, 2021, was published online on July 4, 2023. The assignee for this patent, patent number 11696140, is United…

Patent Issued for Personalized health system, method and device having a nutrition function (USPTO 11694778): Vydiant Inc.

July 26, 2023

2023 JUL 26– 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 Carlone, Terry, Green, John, Kaput, James, Morine, Melissa, Priami, Corrado, filed on March 25, 2022, was published online on July 4, 2023. The assignee for this patent, patent number…

Patent Issued for Controlling autonomous vehicles to provide automated emergency response functions (USPTO 11694553): Allstate Insurance Company

July 26, 2023

2023 JUL 26– By a News Reporter-Staff News Editor at Insurance Daily News– Allstate Insurance Company has been issued patent number 11694553, according to news reporting originating out of Alexandria, Virginia, by NewsRx editors. The patent’ s inventors are Briggs, Ryan M., Gibson, Timothy W., Kumar, Surender, Slusar, Mark V.. This patent was filed on February 15, 2021 and…

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