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Homeowners facing harsh realities of FEMA's 50% rule

October 22, 2022

"The FEMA rule is going to impact a lot of people," said Charles Whittington, a real estate attorney with the Grant Fridkin Pearson P.A. law firm in Naples. The 50% rule is part of the FEMA- managed National Flood Insurance Program, which aims to control development on designated floodplains. Some local homeowners have limited or no previous knowledge of the FEMA rule…

IRS Issues Notice No. 2022-41 on Additional Permitted Election Changes for Health Coverage

October 22, 2022

The U.S. Department of the Treasury's Internal Revenue Service issued the following notice, which appeared in IRS Internal Revenue Bulletin No. 2022-43 on Oct. 24, 2022:. The Department of the Treasury and the Internal Revenue Service intend to modify the Income Tax Regulations under section 125 of the Internal Revenue Code consistent with the provisions of…

Reps. Brady, Buchanan Warn Biden Admin Against Destroying Key Documents on Unilateral Rewrite of Obamacare

October 22, 2022

Kevin Brady, R- Texas, Republican leader on the House Ways and Means Committee, issued the following news release and letter:. With the price of health insurance jumping 30 percent and the Biden Administration's decision to unilaterally rewrite Obamacare, key documents underpinning the move must not be destroyed prior to being turned over to Congress, write top…

SEC Issues No-Action Letter Regarding Everlake Life Insurance

October 22, 2022

You state that ELIC is a stock life insurance company, domiciled in the State of Illinois, that is subject to regulation by the Illinois Department of Insurance. You also state that ELIC is a direct wholly-owned subsidiary of Everlake US Holdings Company, a holding company incorporated in the state of Delaware, which is, in turn, a direct wholly owned subsidiary of…

CFO Patronis want Legislature to crack down on insurance fraud

October 22, 2022

TALLAHASSEE— Florida Chief Financial Officer Jimmy Patronis said he will press the Legislature to do more to rein in property insurance fraud in the aftermath of Hurricane Ian. He said "bad public adjusters swarming impacted areas, soliciting, and trying to make a quick buck" in the aftermath of Hurricane Ian, one of the worst storms to strike Florida in history.

CFO Patronis wants Legislature to crack down on insurance fraud

October 22, 2022

TALLAHASSEE— Florida Chief Financial Officer Jimmy Patronis said he will press the Legislature to do more to rein in property insurance fraud in the aftermath of Hurricane Ian. He said "bad public adjusters swarming impacted areas, soliciting, and trying to make a quick buck" in the aftermath of Hurricane Ian, one of the worst storms to strike Florida in history.

How to trap wasps and other great reader tips

October 22, 2022

Are you aware that your health insurance provider may be willing to cover the cost of your gym membership? Or that all you need to take care of those annoying wasps flying around your home may be as close as your food pantry? How about where and how to purchase beautiful, high-quality, name-brand men's belts for a song?

Florida CFO Patronis wants crack down on insurance fraud

October 22, 2022

TALLAHASSEE— Florida Chief Financial Officer Jimmy Patronis said he will press the Legislature to do more to rein in property insurance fraud in the aftermath of Hurricane Ian. He said "bad public adjusters swarming impacted areas, soliciting, and trying to make a quick buck" in the aftermath of Hurricane Ian, one of the worst storms to strike Florida in history.

Crist took action on cost-of-living issues

October 22, 2022

Charlie Crist's one term as governor of Florida was defined by many of the same affordability problems that Gov. Ron DeSantis is now facing. What happened during those years— especially his record on property insurance— is now coming under scrutiny as Crist runs for governor again and Florida faces another cost-of-living crisis, one that will only worsen after…

Florida's escalating cost of living – Disappearing dollar

October 22, 2022

Florida has long been known as a more affordable place to live than many parts of the country, with no state income tax, lower property taxes and a cheaper overall housing stock. Florida has its own homegrown cost-of-living crisis, though. The problem: The average premium for a Florida property insurance policy on a home with $300,000 worth of coverage went from…

Insurance fraud an issue Legislature needs to fix, Patronis says

October 22, 2022

TALLAHASSEE— Florida Chief Financial Officer Jimmy Patronis said he will press the Legislature to do more to rein in property insurance fraud in the aftermath of Hurricane Ian. He said "bad public adjusters swarming impacted areas, soliciting, and trying to make a quick buck" in the aftermath of Hurricane Ian, one of the worst storms to strike Florida in history.

10 tips for picking the right Medicare option

October 22, 2022

Enrollment continues through Dec. 7. Changes are effective Jan. 1. In 2023, all recommended vaccines, including shingles and tetanus, will be fully covered by Medicare Part D, which is either a stand-alone prescription plan or part of a Medicare Advantage plan, said Francine Chuchanis, director of entitlement rights for Direction Home Akron Canton Area Agency on…

Commentary Medicare for All is a timely prescription for the US

October 22, 2022

If true, it’ s odd that healthcare has hardly been raised as a campaign issue, even though it accounts for 20% of the U.S. economy. U.S. healthcare is a complex patchwork of public and private entities and programs, resulting in the most expensive per capita healthcare in the world. The US spending level was 25 percent higher than that of Switzerland… 108 percent higher…

Florida Chief Financial Officer: A voter's guide

October 22, 2022

How much does the position pay: $128,972. Profession: Chief financial officer and fire marshal for the state of Florida. Qualifications: As Florida's CFO, Jimmy Patronis Jr. has returned $1.2 billion in unclaimed property to citizens, arrested over 3,000 criminals committing insurance fraud, helped close 75,000 insurance claims and secured $136.5 million in…

Patronis seeks action on property insurance fraud

October 22, 2022

TALLAHASSEE— Florida Chief Financial Officer Jimmy Patronis said he will press the Legislature to do more to rein in property insurance fraud in the aftermath of Hurricane Ian. He said "bad public adjusters swarming impacted areas, soliciting and trying to make a quick buck" in the aftermath of Hurricane Ian, one of the worst storms to ever strike Florida.

Connecticut health insurers paid out an extra $1.8 billion last year [The Hour, Norwalk, Conn.]

October 22, 2022

Multiplying average claims administration costs against total membership across carriers and plans, last year's health insurance claims expenses in Connecticut added up to nearly $10.8 billion, compared to just under $9 billion in 2020.. Elevance Health subsidiary Anthem is the dominant carrier in Connecticut, one of two along with ConnectiCare to add…

Medicare for All, a timely prescription

October 22, 2022

If true, it's odd that health care has hardly been raised as a campaign issue, even though it accounts for 20% of the U.S. economy. In a 2019 academic paper entitled "It's Still The Prices, Stupid: Why The U.S. Spends So Much On Health Care," Johns Hopkins Professor Gerard Anderson and colleagues explain: " U.S. per capita health spending was $9, 892 in 2016.

Storm victims urged to file claims for any Hurricane Ian damage, deal directly with insurers

October 22, 2022

TAMPA, Fla.– The damage in Florida from Hurricane Ian is extensive but what if you think you have only a little damage? "File a claim, file a claim," said Barry Gilway, the CEO of Citizens Property Insurance, the state's insurer of last resort. But Mr. Gilway says you should do it now, even if you think your claim amount is less than your deductible.

Car reported stolen in 92 found buried at California mansion

October 21, 2022

—Three decades after a car was reported stolen in Northern California, police are digging the missing convertible out of the yard of a $15 million mansion built by a man with a history of arrests for murder, attempted murder and insurance fraud. The convertible Mercedes Benz, filled with bags of unused concrete, was discovered Thursday by landscapers in the…

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