The Property Casualty Insurers Association of America issued the following statement by President and CEO David A. Sampson in response to the Financial Stability Oversight Council’s decision to de-designate AIG as a nonbank systemically important financial institution:. “The overwhelming consensus among insurance experts is that traditional…
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U.S. Senator Elizabeth Warren, today joined Senators Bob Menendez, Cory Booker, and eight of their senate colleagues to call on President Trump to use the authority given to him under the Defense Production Act to more quickly respond to the disaster unfolding in Puerto Rico and the U.S. Virgin Islands. The federal government has the transportation and…
The Property Casualty Insurers Association of America issued the following statement by Nat Wienecke, senior vice president, federal government relations, on applauding the introduction of the “Federal Insurance Office Reform Act of 2017”:. This bipartisan legislation will reduce FIO’s domestic footprint, eliminate its quasi-regulatory authority, and…
Gregory W. Meeks, D- N.Y., issued the following statement urging House leadership to reauthorize the Children’s Health Insurance Program immediately:. “Since its creation, the Children’s Health Insurance Program has provided vital, life-saving care to millions of children across our nation. The nation’s governors have come together in a bipartisan coalition…
Another candidate, Johnese Smith, has proposed replacing the New Orleans Police Department with a fleet of “gladiators” who would be trained– and battle tested– at the lakefront. Edward Collins Sr. doesn’t even live in New Orleans but entered the race with the quixotic intention of “prosecuting” State Farm for insurance fraud. The race appears to be a toss-up among…
Rauner was already besieged by attacks from would-be Democratic challengers, and now socially conservative Republicans are echoing the partisan attacks, accusing the governor of being a liar who betrayed them. A tempestuous summer saw Rauner lose a lengthy budget battle as Republicans joined Democrats in approving a major income-tax increase.
—The Latest on President Donald Trump and Puerto Rico:. President Donald Trump is lashing out at the mayor of Puerto Rico’s capital city in a war of words over recovery efforts after Hurricane Maria smashed into the U.S. territory. President Donald Trump says Washington is— in his words— “fully engaged in the disaster and the response and recovery effort.
Attorneys for the three plaintiffs– two San Diego women and a Texas man, all former GE employees– are seeking class-action status in the complaint filed Tuesday in federal court in San Diego. The lawsuit covers the period from Jan. 1, 2011, to June 30, 2016– the day before General Electric completed sale of GE Asset Management, its investment management business, to…
Steve Daines, R- Mont., has introduced legislation to amend the Internal Revenue Code of 1986 “to retroactively repeal the individual mandate for health insurance.” Steve Daines in Washington at 320 Hart Senate Office Building, Washington, DC 20510; 202/ 224-2651; or in the state offices at 30 W. 14th St., Ste. 206, Helena, MT 59601; 406/ 443-3189; 104 4th St. N., Ste. 302, Great…
The Ohio Department of Insurance issued the following news release:. The Ohio Department of Insurance today announced the American Fraternal Alliance awarded Director Jillian Froment with the Outstanding Policymaker Award in recognition of her leadership on implementing reforms that provide additional consumer protections for Ohio consumers.
Steve Daines, R- Mont., issued the following news release:. U.S. Senator Steve Daines today introduced legislation, the Repeal and Refund Act, to retroactively repeal the individual mandate and refund everyone who has paid it. In 2015, nearly 30,000 Montanans had to pay the IRS $14,341,000 for choosing not to purchase Obamacare, an average tax of $487 per household….
Farmers Insurance, an insurance company, issued the following news release:. Farmers Insurance announced today that 15 teachers across the country are finalists for one of five $100,000 grants as part of the insurer group’s Thank America’s Teachers Dream Big Teacher Challenge. Each teacher is now one step closer to winning a $100,000 Dream Big Teacher…
Without congressional intervention, a $2 billion cut to DSH funding will happen Oct. 1, the start of the federal fiscal year. The Affordable Care Act mandated the cuts, assuming counterbalancing increases in coverage–increases that fell short of estimates after the U.S. Supreme Court made Medicaid expansion optional. Nancy Pelosi, 162 Democrats and 59…
The National Association of Insurance Commissioners issued the following news release:. Due to power outages and damage from Hurricane Maria, the National Association of Insurance Commissioners is assisting the Office of the Insurance Commissioner of Puerto Rico with communications to consumers, media and the insurance industry. The National…
The U.S. Department of Homeland Security’s Federal Emergency Management Agency issued the following news release:. Identity thieves and other criminals may attempt to prey on vulnerable survivors as they struggle to recover from the effects of Hurricane Irma. There is no fee required to apply for or receive help from FEMA, the U.S. Small Business…
The U.S. Department of Homeland Security’s Federal Emergency Management Agency issued the following news release:. Call the FEMA helpline at 800-621-3362 for information about many federal disaster assistance-related matters. FEMA allows one registration per household.
Northwell Health issued the following news release:. Approximately a month after giving notice that it plans to withdraw from New York State’s insurance market over the next year, Northwell Health announced today that, as part of an orderly wind-down of its insurance arm, CareConnect Insurance Company will not write or renew individual policies for calendar…
Department of Health and Human Services’ Centers for Medicare and Medicaid Services issued the following news release:. The Centers for Medicare& Medicaid Services announced that people with Medicare will have more choices and options for their Medicare coverage in 2018. CMS estimates that the Medicare Advantage average monthly premium will decrease by…
The Equal Employment Opportunity Commission issued the following news release:. A certified nursing assistant with rheumatoid arthritis was denied a reasonable accommodation and then unlawfully fired by a residential rehabilitation facility because of her disability, the U.S. Equal Employment Opportunity Commission charged in a lawsuit filed today.
