President Trump is riding one of the strongest economies in modern U.S. history, even as House Democrats move their impeachment effort into high gear this week. White House economic adviser Larry Kudlow summed up the jobs report for the president this way: “It's a sunny day, sir.” The White House and its Republican allies are using the historically strong economy as…
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National health spending reached $3.6 trillion– about $11,172 per person– in 2018, a 4.6% increase from the previous year, according to an annual report by the Office of the Actuary at the Centers for Medicare and Medicaid Services, published online in Health Affairs. Employer-sponsored health insurance is getting more expensive as well.
–US insurance revenues are forecast to advance 4.3% annually in nominal dollars through 2023, according to Insurance: United States, a report recently released by Freedonia Focus Reports. Population growth and continued expansion in economic activity are projected to drive insurance demand. These and other key insights are featured in Insurance: United…
NEW YORK–(BUSINESS WIRE)–New York Life, America’s largest mutual life insurer, today announced that the company expects to pay eligible participating…
MetLife, Inc. (NYSE: MET) today announced an expansion of its benefits offerings in the U.S. to include Health Savings &…
Nov. 21– A jury heard opening statements from attorneys and cross-examination of witnesses Wednesday in the first day of the criminal trial of local insurance agent and Glynn County Commissioner Bob Coleman. Both Bob Coleman and his wife, Sherry, were charged by a Glynn County grand jury in January with 15 counts of felony violation of the Georgia Insurance Code–…
MetLife, Inc. (NYSE: MET) (“MetLife”) and Bequest, INC (d/b/a Willing), a leading digital estate planning service, today announced they have…
PARK RIDGE, Ill. (Nov. 20, 2019) — With news of the yield curve inversion and the presence of additional economic…
LINCOLN, Nebraska, (November 18, 2019) – Ameritas Life Insurance Corp. will now offer a new whole life insurance product, Ameritas…
DES PLAINES, Ill., Nov. 19, 2019/ PRNewswire/– The National Insurance Crime Bureau today released its annual Hot Wheels report, which identifies the 10 most stolen vehicles in the United States. The report examines vehicle theft data submitted by law enforcement to the National Crime Information Center and determines the vehicle make, model, and model year most…
Think about what we are hearing from Elizabeth Warren, Joe Biden, Bernie Sanders, and the rest of the Punch and Judy Show. Payroll taxes would rise to pay for Social Security benefit expansions and Medicare for All. Meanwhile, Mr. Trump and the Republicans in Congress have the 2017 tax cut to trumpet— a reform that by almost any objective measure has worked better for…
The grand jury in Lexington indicted Michael McNew on one charge of conspiracy to commit mail fraud and wire fraud and five counts of wire fraud. McNew allegedly worked with others to defraud the federal government, which backs insurance policies for farmers, and ARMtech Insurance Services, a private company. Some initials match those of farmers who have…
MUNICH and REDMOND, Wash., Nov. 14, 2019/ PRNewswire/– On Thursday, Allianz SE and Microsoft Corp. announced a strategic partnership focused on digitally transforming the insurance industry, making the insurance process easier while creating a better experience for insurance companies and their customers. “Teaming up with Microsoft and leveraging Azure’s…
In June, PricewaterhouseCoopers got the guessing game started, publishing its closely-watched cost trend report for 2020, which predicts a 5 percent premium increase. The Society for Human Resource Management followed in August with an identical number. According to an annual employer health benefits survey published in September by Kaiser Family…
MILWAUKEE, Nov. 13, 2019 /PRNewswire/ — A new release of findings from Northwestern Mutual’s C.A.R.E. (Costs, Accountabilities, Realities, Expectations) Study…
BOSTON – Nov. 13, 2019 – One-third of 65-year-olds will likely live past 90, but many are underfunded for that…
NEW YORK, N.Y., Nov. 12, 2019 – This holiday season, will Americans seek adventure over relaxation on their winter getaways?…
The just announced increased 2020 tax deductible limits can be a significant benefit for those with tax-qualified long-term care insurance…
He’s the superintendent of Rockland County’s Highway Department and his workers have the unpleasant task of cleaning up after a fatal encounter between deer and car. This has been a particularly busy year for deer strikes in New York and New Jersey is close to matching last year’s figures. The largest jump has been on roads patrolled by Troop F, which includes…
The house, business and warehouse fires occurred in San Jose and Stockton between December 2011 and September 2013, according to the California Department of Insurance. The department opened a joint investigation, dubbed Operation Firebird, with the San Jose Fire Department, Santa Clara County District Attorney’s Office and San Joaquin District…
The health of millennials is deteriorating more rapidly than older generations’ did, and that could have a devastating effect on the economy, according to a new report by Moody’s Analytics and the Blue Cross Blue Shield Association.
HealthPartners is closing 30 retail pharmacies as well as its mail-order pharmacy operations next year due to economic pressures that officials say give an advantage to larger operators in the industry. HealthPartners, which is a nonprofit health insurer that also runs clinics and hospitals in Minnesota and Wisconsin, said it will work with patients…
Baltimore, Md. (November 7, 2019)— LifeMark Partners and BRAMCO Financial Resources have joined forces to create LIBRA Insurance Partners (LIBRA),…
WASHINGTON, D.C. (Nov. 11, 2019) – Fifty-one insurance and financial services professionals, one representing each state and the District of…
Net written premium for the three months ended September 30, 2019 was $10.325 billion, an increase of $136 million or 1.3% over the same period in 2018. Pre-tax operating income before partnerships, limited liability companies and other equity method income for the three months ended September 30, 2019 was $125 million, a decrease of $187 million or 59.9%…
President Emmanuel Macron’s visit to China this week suggests that the United States risks being sidelined on the global stage under President Donald Trump. Just as the Trump administration formally launched the process of pulling out of the 2015 Paris climate agreement, France and China issued a ” Beijing call” on Wednesday for increased global cooperation…
–A new survey from Wilmington Trust, in collaboration with experts from its parent company M&T Bank, finds that a clear majority of owners of privately held businesses are unprepared to transition or sell their business, even as Baby Boomers retire and hundreds of thousands of businesses come to market over the next decade. The quarterly survey, Wilmington…
—A New Jersey man is not going to prison for orchestrating a slip and fall insurance scam. Under terms of a plea agreement, a judge on Monday instead sentenced 58- year-old Alexander Goldinsky to probation, community service and ordered him to pay $563.48 in restitution to an insurance company. Middlesex County prosecutors say Goldinsky was an independent…
The deadline to file a claim for losses from the Camp Fire and some other wildfires linked to Pacific Gas& Electric Co. has been extended, and more people are likely to be eligible to file than they think. The claims are part of the bankruptcy case against the utility for its suspected role in the 2018 Camp Fire in Paradise, as well as the 2017 wine country fires and the…
RADNOR, PA, – November 5, 2019 – Planning for long-term care needs has become an increasingly important topic as the…
CHATTANOOGA, Tenn. (Nov. 5, 2019) — Nearly half (49%) of U.S. workers plan to enroll in a high-deductible health plan…
On average, smokers will pay nearly double the amount of life insurance premium as nonsmokers, a study revealed.
AUSTIN, TEXAS —With the Democratic primary debates for the 2020 presidential election in full swing, insuranceQuotes.com released the results of…
The Louisville, Kentucky- based Humana announced Monday it’d be cutting 2% of its workforce by the end of the year, with some employees being let go as early as Thursday. The Courier-Journal reports that Humana employs 41,600 nationwide, so 2% would be about 832 people. Information from: Courier Journal, http://www.courier-journal.com.
The top five states for metal theft claims were: New Jersey, Pennsylvania, Ohio, New York, and Illinois. When ranked by the number of claims per 100,000 in population, the top five states are: Connecticut, New Jersey, Rhode Island, Delaware, and Maryland. The top five core-based statistical areas were: New York- Newark- Jersey City, NY-NJ-PA, Philadelphia- Camden-…
–The Insurance Institute for Highway Safety rated the pedestrian crash prevention systems of 16 midsize cars in the lead-up to Halloween, a holiday that consistently ranks among the deadliest days for pedestrians in the United States. Four luxury and two nonluxury midsize cars earn a superior rating for their pedestrian crash prevention systems, while four…
—Flooding along the Missouri River has stretched on for seven months in places and could endure through the winter, leaving some Upper Midwest farmland and possibly some homes encased in ice. In Missouri’s Holt County, where Bullock serves as emergency management director, roughly 30,000 acres of the 95,000 acres that flooded last spring remain underwater,…
–It won’t come as a surprise that business owners view 401 s as advantageous both for their business and their employees. And with the Bureau of Labor Statistics reporting 71 percent of all U.S. workers have access to retirement benefits, offering a 401 to employees has become necessary in order to competitively attract and retain talent in today’s strong,…
Security Benefit Life Insurance Company today announced the launch of its new Strategic Growth Series Annuities, two new fixed index annuities which offer contract-holders the ability to safely accumulate and grow retirement assets without the risk of market losses. “We set out to design an annuity series that provides financial representatives and…
Oct. 28– A behind-the-scenes struggle over what Pennsylvania doctors can do to patients? Jonathan Garino, a leader of the Pennsylvania Orthopaedic Society, said insurance companies’ use of the process is out of control. Steven Mentzer of Lancaster County and Rep.
Oct. 28– The annual sign-up period for individuals to sign up for health insurance is just around the corner and Iowa’s market is in a better place than it was in recent years, some experts say. In the past, Iowa has dealt with an unstable insurance market. “We don’t expect anything different for the coming year,” said Scott Sundstrom, vice president of government…
“Mr. Lindberg has asserted from the outset that the allegations about his insurance companies and him are false and is pleased that Mr. Freeh and his team to have agreed to take on this assignment,” a spokesperson for Mr. Lindberg stated. Mr. Lindberg started a small health insurance compliance and reimbursement newsletter business with $5,000 in 1991 that became…
House conservatives on Tuesday announced a plan that they said is an alternative to “Medicare for All” and other single-payer proposals being debated by Democratic presidential candidates.
But plans remain unaffordable for those who do not qualify for subsidies, a government report announced.
Foresters Financial today announces that it has entered into a definitive agreement with Nassau Financial Group, subsidiary Nassau Life Insurance Company, to acquire Foresters Financial Holding Company, Inc. and its subsidiary Foresters Life Insurance and Annuity Company.
JERSEY CITY, N.J., Oct. 10, 2019 (GLOBE NEWSWIRE) — Private U.S. property/casualty insurers’ surplus reached a new record of $802.2…
Oct. 11– Former Charlotte financial adviser Jim Heafner and Taylor Capital Management have been ordered to pay $1.03 million by a regulatory agency after five Charlotte- area retirees say they invested with Heafner and lost more than $500,000. Clients had accused him of selling unregistered financial instruments issued by 1 Global, the Observer reported in…
Oct. 10– Pollsters on both sides of the aisle agree that it’s Democrats who have the advantage on one of the 2020 election’s top issues: health care. The analysis from Democratic pollsters Celinda Lake and Paul Maslin, GOP pollster B.J. Martino and Republican strategist Brian Reisinger came during a WisPolitics.com polling summit in Madison Wednesday…
MINNEAPOLIS – Americans’ fear of a recession continues to rise, as half of Americans now say they are worried a…
MILWAUKEE – (Oct. 10, 2019) – Zywave, a leading insurance tech provider, today released the results from its highly anticipated…
Rates Up 4% in Third Quarter Transportation and Habitational Risks Assessed Largest Rate Increases US property and casualty insurers continue…
Composite Rate for Personal Lines Insurance Rises to Plus 4.5% Homeowners rates continue to increase across US The composite rate…
—Asian shares followed U.S. stocks lower after a disappointing update on American manufacturing that stirred worries about the economic outlook. Japan’s Nikkei 225 index shed 0.5% to 21,778.61 while the Hang Seng in Hong Kong lost 0.2% to 26,029.11. The U.S. factory report showed that manufacturing weakened in September for the second straight month as…
Winston-Salem and Forsyth County homeowners will face a 3.5% increase in their insurance rate as part of a settlement approved Friday by state Insurance Commissioner Mike Causey. The rate, which goes into effect May 1, is significantly less than the 20% hike sought by the N.C. Rate Bureau in December. Commissioner Mike Causey also approved an overall 4.3%…
A new study finds that more and more seniors are delaying retirement to work longer. The labor force participation rate for the 65-74 age group alone has increased by nine percentage points, from 18% to 27%, in the past 20 years. For the 75+ group, the labor force participation rate nearly doubled over the same time period.
—Japanese automakers on Thursday urged the government to do more to support the industry after their government signed a trade deal with the U.S. that kept auto tariffs unchanged. Automakers were hoping to see tariffs eliminated, but Japan only managed to keep them at 2.5% and win a U.S. promise of no more for now. The agreement only allows Japan to delay auto tariff…
Sep. 25– Lori Ann Lewis was doing charity work in downtown Orlando when, by chance, she ran into someone who worked in the gold business. It was in the lobby of the Seacoast Bank skyscraper in 2016, just before the presidential election, when she met Susan Kitzmiller, an employee at U.S. Coin Bullion, a precious metals investment firm. The owners of the company would…
Falls Church, Va. – The National Association of Insurance and Financial Advisors announced the creation of the Talent Development Center…
–A new survey conducted by eToro, a global trading platform with 11 million registered users, found that more than two-thirds of US investors fear a recession is looming. Survey respondents cited the ongoing trade conflict between the United States and China— as well as challenges with Mexico— as the most prevalent geopolitical factors that will impact their…
Money and finances cause young adults a lot of stress, a survey revealed.
