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Tough Medicine

October 31, 2022 Newswires No comments.

Higher costs for medical care and health insurance may be the next burdensome inflation shoes to drop on the U.S. economy. The U.S. spends $4.1 trillion annually on health care between private insurance, government-run Medicare and Medicaid and other components of the medical sector, according to the federal government's National Health Expenditure report.

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Online insurance enrollment opens for 2023, here is what you need to know [The Morning Call]

October 31, 2022

Tuesday marks the start of open enrollment for Pennie, the state’ s online health insurance marketplace. Open enrollment will last until Jan. 15, but Dec. 15 is the deadline to pick an insurance plan that will start Jan. 1. It allows state residents to sign up for an insurance plan as long as they are a U.S. citizen, national or have qualified immigration status.

St. Louis duo charged with armed robbery in Granite City [The Telegraph, Alton, Ill.]

October 31, 2022

Brian L. Doss Jr., 19, and Semaj S. Bass, 20, both of St. Louis, were each charged with aggravated battery with a firearm and armed robbery, both Class 1 felonies. In an unrelated case, an Alton man was charged Thursday with insurance fraud and disorderly conduct by the Madison County State's Attorney's Office. Michael Spatafora II, 36, of Alton, was charged Oct. 27 with…

Patent Issued for Modulation of advertisement display based on vehicle operation data (USPTO 11468476): Allstate Insurance Company

October 31, 2022

2022 OCT 31– By a News Reporter-Staff News Editor at Insurance Daily News– From Alexandria, Virginia, NewsRx journalists report that a patent by the inventors Lundsgaard, Soren K., filed on October 8, 2019, was published online on October 11, 2022. The patent’ s assignee for patent number 11468476 is Allstate Insurance Company. News editors obtained the following…

Researchers Submit Patent Application, “Method And System For Creating Real-Time Driver Telematic Signatures”, for Approval (USPTO 20220327629): Patent Application

October 31, 2022

2022 OCT 31– By a News Reporter-Staff News Editor at Insurance Daily News– From Washington, D.C., NewsRx journalists report that a patent application by the inventor Chan, Neil G., filed on June 27, 2022, was made available online on October 13, 2022. No assignee for this patent application has been made. News editors obtained the following quote from the background…

Patent Issued for Systems and methods for dynamically generating optimal routes for management of multiple vehicles (USPTO 11466998): State Farm Mutual Automobile Insurance Company

October 31, 2022

2022 OCT 31– By a News Reporter-Staff News Editor at Insurance Daily News– State Farm Mutual Automobile Insurance Company has been issued patent number 11466998, according to news reporting originating out of Alexandria, Virginia, by NewsRx editors. The patent’ s inventors are Brannan, Joseph Robert, Gross, Ryan Michael, Williams, Aaron. This patent was filed on…

Brain’s sensitivity to different types of regret may impact mood disorders like depression, Mount Sinai researchers find: The Mount Sinai Hospital / Mount Sinai School of Medicine

October 31, 2022

2022 OCT 31– By a News Reporter-Staff News Editor at Insurance Daily News– Researchers from the Icahn School of Medicine at Mount Sinai have learned that the way the brain processes the complex emotion of regret may be linked to an individual’ s ability to cope with stress, and altered in psychiatric disorders like depression. The study, published October 19 in…

Research Results from Showa University Update Knowledge of Coumarins and Indandiones (Risk and benefit trade-off of thromboprophylaxis in patients with Fontan circulation: insights from the National Database of Health Insurance Claims of Japan): Drugs and Therapies – Coumarins and Indandiones

October 31, 2022

2022 OCT 31– By a News Reporter-Staff News Editor at Insurance Daily News– Researchers detail new data in coumarins and indandiones. Our news editors obtained a quote from the research from Showa University:“ On the other hand, the main adverse effect of thromboprophylaxis is bleeding, which may increase the risk of death. We identified 1903 patients who…

Health insurance companies overpay for some hospital radiology services: Radiological Society of North America

October 31, 2022

2022 OCT 31– By a News Reporter-Staff News Editor at Health Policy and Law Daily– OAK BROOK, Ill.- Health insurance companies may be overpaying for common radiology services, according to a study published in Radiology, a journal of the Radiological Society of North America. “Many commercial plans are leaving money on the table when negotiating price with…

Supplemental financial information

October 31, 2022

for the period ending September 30, 2022. These consolidated financial statements and exhibits should be read in conjunction with the consolidated financial statements and notes included with our periodic filings with the U.S. Securities and Exchange Commission. for the period ending September 30, 2022.

Portfolio of securities owned

October 31, 2022

The Cincinnati Life Insurance Company. *Redeemable preferred holdings with a total book value of $5,000,000 and market value of $5,000,000 are reported as fixed maturities on the Cincinnati Financial Corporation balance sheets. Cincinnati Financial Corporation published this content on 31 October 2022 and is solely responsible for the information…

NYC warns that active city workers could have to pay for health insurance if Medicare Advantage push fails [New York Daily News]

October 31, 2022

Mayor Adams’ administration is considering slapping health insurance premiums on active municipal employees if its controversial effort to shift the city’ s retired workforce into a privatized Medicare plan falls apart, the Daily News has learned. Nonetheless, Adams’ team has floated it as a last resort in negotiations with the Municipal Labor Committee on…

Fairfax Announces Successful Completion of Sale of Global Pet Insurance Operations to Independence Pet Group

October 31, 2022

–Fairfax Financial Holdings Limited announces the successful completion of the previously announced sale of all of its interests in the Crum& Forster Pet Insurance Group™ and Pethealth Inc. to Independence Pet Group and certain of its affiliates, which are majority owned by JAB Holding Company, for a purchase price of US $1.4 billion in the form of US $1.15…

Aflac: Q3 Earnings Snapshot

October 31, 2022

_ Aflac Inc. on Monday reported third-quarter net income of $1.6 billion. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share. Seven analysts surveyed by Zacks expected $4.62 billion.

American Equity Recognized for Award-Winning Customer Satisfaction Among Annuity Providers in the U.S. by J.D. Power

October 31, 2022

American Equity Investment Life Holding Company ® is proud to announce its subsidiary American Equity Investment Life Insurance Company ®, a leader in the sale of fixed index annuities, has been ranked the highest annuity provider for Customer Satisfaction in the J.D. Power 2022 U.S. “This is exciting news to hear we have increased our score in this survey by…

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

October 31, 2022

The following discussion highlights significant factors influencing the condensed consolidated results of operations and financial position of Cincinnati Financial Corporation. It should be read in conjunction with the consolidated financial statements and related notes included in our 2021 Annual Report on Form 10- K. Unless otherwise noted, the…

Cincinnati Financial Reports Third-Quarter 2022 Results

October 31, 2022

–Cincinnati Financial Corporation today reported:. Third-quarter 2022 net loss of $418 million, or $2.64 per share, compared with net income of $153 million, or 94 cents per share, in the third quarter of 2021, after recognizing a $557 million third-quarter 2022 after-tax reduction in the fair value of equity securities still held. $95 million or 45% decrease in…

Aflac Incorporated Announces Third Quarter Results, Reports Third Quarter Net Earnings of $1.6 Billion, Declares Fourth Quarter Cash Dividend

October 31, 2022

–Aflac Incorporated today reported its third quarter results. Net earnings were $1.6 billion, or $2.53 per diluted share, compared with $888 million, or $1.32 per diluted share a year ago, reflecting a release of $695 million in deferred taxes in the third quarter. Net earnings in the third quarter of 2022 included net investment gains of $199 million, or $0.31 per…

NYC warns that active city workers could have to pay for health insurance if Medicare Advantage push fails [New York Daily News]

October 31, 2022

Mayor Adams’ administration is considering making active municipal employees pay for their health insurance premiums if its controversial effort to shift the city’ s retired workforce into a privatized Medicare plan falls apart, the Daily News has learned. Nonetheless, Adams’ team has floated it as a last resort in negotiations with the Municipal Labor…

Benjamin Bomhoff Wins Award for “CTO of the Year” at Excellence in Insurance Innovation, Sponsored by Insurity

October 31, 2022

Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced that Benjamin Bomhoff is the recipient of the“ CTO of the Year” award at Excellence in Insurance Innovation. Prior to Fleming Insurance Holdings, Bomhoff spent nearly a decade in Florida in the personal lines market. “Thank you to Insurity for this award.

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