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Supervisors respond to Willson lawsuit

October 21, 2022

WAPELLO- The Louisa County Board of Supervisors have filed a response in Louisa County District Court to an earlier petition from Sam Willson, Wapello, challenging his removal from the Louisa County Conservation Board. In their Oct. 11 response, which was filed by attorney Holly Corkery of Lynch Dallas, P.C., Cedar Rapids, attorney for the county's insurance…

Arete and Cyentia Release Report Revealing Data-Driven Insights on Ransomware for Insurance Carriers

October 21, 2022

–Arete, a leading global cyber risk management company, has released the second volume of its Investigative Cybercrime Series in collaboration with cybersecurity research firm Cyentia. The report, titled Reining in Ransomware, explores the most prolific ransomware strains, ransom demand and payment trends, and the implications of data exfiltration.

Fontana approves 2023 Geneva Lake contract agreements; Trustees approve $30,000 subsidy to cover 'pretty significant' employee health insurance premium increases

October 21, 2022

Trustees on Oct. 3 approved contracts for various Geneva Lake services provided to the Village of Fontana by the Geneva Lake Environmental Agency, the Geneva Lake Law Enforcement Agency and the Geneva Lake Water Safety patrol. Fontana trustees approved an unchanged $35,000 budget request from the Williams Bay- based Geneva Lake Environmental Agency in…

Medicare Waiting Period And Premium Changes Signal Good News For Seniors In 2023

October 21, 2022

–The Social Security Administration has announced changes in Medicare coverage that will benefit seniors enrolling for the first time, according to Allsup, a nationwide provider of disability representation, health insurance benefits and return to work services. Beginning Jan. 1, 2023, Medicare Part B will start the first day of the month after an individual…

Meet the candidates in Florida’s general election on Nov. 8 [Orlando Sentinel]

October 21, 2022

Here is a look at key local and state races for the Florida general election on Nov. 8. Charlie Crist, 66, served as a Democrat in the U.S. House from 2017 to 2022 representing St. Petersburg. Ron DeSantis, 44, a Republican, has been governor since 2019 after serving in Congress from 2013 to 2018.

RLI CORP – 10-Q – Management's Discussion and Analysis of Financial Condition and Results of Operations

October 21, 2022

These assumptions are subject to various risks, uncertainties and other factors, including, without limitation those set forth in "Item 1 A. Risk Factors" within the Annual Report on Form 10- K for the year ended December 31, 2021 and Part II within this report. You should review the various risks, uncertainties and other factors listed from time to time in our…

Guidelines for Appeals of Material Supervisory Determinations

October 21, 2022

Agency: " Federal Deposit Insurance Corporation." DATES: Written comments must be received by the FDIC on or before November 21, 2022 for consideration. *Mail: James P. Sheesley, Assistant Executive Secretary, Attention: Comments–RIN 3064- ZA20, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429..

Agency Information Collection Activities; Proposed Collection; Comment Request; Federal Insurance Office Climate-Related Financial Risk Data Collection

October 21, 2022

Agency: "Federal Insurance Office, Departmental Offices, Treasury." SUMMARY: Pursuant to the Federal Insurance Office Act of 2010, the Federal Insurance Office of the U.S. Department of the Treasury intends to request approval from the Office of Management and Budget for the collection of information from certain property& casualty insurers regarding their…

‘Rotting from the inside out’ — How to avoid buying a car flooded by Hurricane Ian [South Florida Sun-Sentinel]

October 21, 2022

Prior to Hurricane Ian, Florida had more flood-damaged cars on its roads— 33,500— than any other state except Texas, according to Carfax. And nearly half of those flood-damaged Florida cars were in the South Florida metropolitan area, Voss said. Among the 553,244 Ian-related property damage claims logged as of Oct. 19 by the Florida Office of Insurance Regulation,…

Meet the candidates in Florida general election on Nov. 8 [Orlando Sentinel]

October 21, 2022

Here is a look at key local and state races for the Florida general election on Nov. 8. Charlie Crist, 66, served as a Democrat in the U.S. House from 2017 to 2022 representing St. Petersburg. Ron DeSantis, 44, a Republican, has been governor since 2019 after serving in Congress from 2013 to 2018.

AM Best Affirms Credit Ratings of Everen Specialty Ltd.

October 21, 2022

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Everen Specialty Ltd.. AM Best also has affirmed the Long-Term Issue Credit Rating of“ bbb” on the $200 million, 8.00% deferrable subordinated debentures, due Sept. 15, 2034. The outlook of these Credit Ratings is stable.

Fannie Mae Executes its Tenth Credit Insurance Risk Transfer Transaction of 2022 on $9.6 Billion of Single-Family Loans

October 21, 2022

–Fannie Mae announced today that it has executed its tenth Credit Insurance Risk Transfer™ transaction of 2022. As part of Fannie Mae's ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2022-10 transferred $265 million of mortgage credit risk to private insurers and reinsurers.

AM Best Removes From Under Review With Negative Implications, Assigns Negative Outlook to Best Meridian Insurance Company and Best Meridian International Insurance Company SPC

October 21, 2022

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Best Meridian Insurance Company and Best Meridian International Insurance Company SPC. The outlook assigned to these Credit Ratings is negative. To support capitalization, BMI Financial Group, the…

USD 921.05 Billion Growth expected in Health Insurance Market by 2026 | 1,200+ Sourcing and Procurement Report | SpendEdge

October 21, 2022

–Health Insurance will grow at a CAGR of 7.27% by 2026. This report offers key advisory and intelligence to help buyers identify and shortlist the most suitable suppliers for their Health Insurance requirements. Buyers should align their preferred pricing models for Health Insurance with the wider industry and identify the cost-saving potential.

Remarks by FDIC Acting Chairman Martin J. Gruenberg at the Brookings Institution on the Prudential Regulation of Crypto-Assets

October 21, 2022

WASHINGTON, Oct. 21– The Federal Deposit Insurance Corporation issued the following remarks on Oct. 20, 2022, by Acting Chairman Martin J. Gruenberg at the Brookings Institution on the prudential regulation of crypto-assets:. I would like to thank the Brookings Center on Regulation and Markets for hosting today's program and giving me the opportunity to share…

MSU Research: Health Insurance Companies Overpay For Some Hospital Radiology Services

October 21, 2022

EAST LANSING, Michigan, Oct. 21– Michigan State University issued the following news:. Health insurance companies may be overpaying for common radiology services, leading to higher costs for patients and providers, according to a new study by Michigan State University researchers. Health insurance companies may be overpaying for common radiology services,…

State of Michigan Announces Settlement of Civil Rights Class Action Alleging False Accusations of Unemployment Fraud

October 21, 2022

Michigan Attorney General Dana Nessel issued the following news release on Oct. 20, 2022:. The State of Michigan has reached a $20 million settlement resolving a class action lawsuit alleging that the Unemployment Insurance Agency used an auto-adjudication system to falsely accuse recipients of fraud, resulting in the seizure of their property without due…

NY State of Health Promotes Affordable Health Insurance at Rite Aid Locations Across New York State

October 21, 2022

NY State of Health, the state's official health plan Marketplace, today announced its continued partnership with Rite Aid to help New Yorkers find a health plan that fits their needs and budget. Certified Enrollment Assistors will be available at Rite Aid locations across the state to provide information about affordable coverage, answer questions and make…

Kin Insurance Provides Hurricane Ian Update

October 21, 2022

Kin, the direct-to-consumer home insurance company built for every new normal, today announced select preliminary outcomes surrounding Hurricane Ian, the Category 4 storm that made landfall in Florida on September 28, 2022. The projected net exposure of Kin Interinsurance Network, a reciprocal exchange, is $2.5 million, while Kin Insurance, Inc., through its…

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