Jared Golden, D- Maine, issued the following news release:. “USDOL guidance… does not provide needed flexibility to the states and would prohibit the Maine Department of Labor from requiring reimbursing employers to cover 50 percent of the cost of claims up front and drawing down the remaining 50 percent from USDOL directly,” the delegation wrote.
Newswires
Most Dangerous Roads During COVID-19 Stay-at-Home Orders
–QuoteWizard ®, a LendingTree company, and one of the nation’s leading online insurance marketplaces released a report analyzing which states have the speediest and most accident-prone drivers to see where roads could be most dangerous during COVID-19 stay-at-home orders. Fewer drivers on the road traveling less miles are leading to a drastic drop in car…
A $500,000 term life policy lasting 20 years would cost an average of $30 per month for a 35- year-old nonsmoker in good health. “Ultimately, the amount of coverage you have should be enough to meet all of your future financial obligations, minus the assets that would be liquidated on your passing,” said Chris Moon, Insurance Product Manager at ValuePenguin.com.
Essent Group Ltd. Announces Offering of 11,000,000 Common Shares
Essent Group Ltd. announced today that it has commenced a public offering in which it is offering 11,000,000 common shares. The offering is being made through joint book-running managers Goldman Sachs& Co. LLC and J.P. Morgan Securities LLC. The common shares are being offered pursuant to an effective shelf registration statement under the Securities Act of…
Tuesday afternoon at the White House, President Trump announced a push that, if successful, will cap the cost of insulin for millions of seniors on Medicare. Thanks to a deal struck between insulin suppliers and insurers, drug plans offering the new benefit under Medicare Part D will have the cost of the lifesaving substance capped at $35 a month, which the White…
Woodruff Sawyer Adopts CyberCube’s Broking Manager
US-based Insurance brokerage Woodruff Sawyer has partnered with CyberCube to become one of the first organizations to leverage CyberCube’ s“ Broking Manager” in its insurance advisory services. Woodruff Sawyer, a 100- year-old insurance broker headquartered in San Francisco, advises clients on business risks and risk mitigation in the areas of cyber…
Pie Insurance Raises $127 Million in Latest Financing
–Pie Insurance, one of the fastest-growing insurtechs in the country, today announced the closing of $127 million in new financing and capital commitments. Gallatin Point Capital joined Pie’s current investors in the capital raise, including Greycroft, SVB Capital, Aspect Ventures, Elefund, and Sirius International Insurance Group, Ltd. The new financing…
May 28– Healthcare for Missouri, the coalition leading the charge to pass Medicaid expansion in the state, applauded Gov. “Over the last couple of months, we've seen a lot of heroics by essential workers, who were on the front lines and having to come to work every day while most of us were having to stay home,” said Jack Cardetti, Healthcare for Missouri spokesman.
The American Association of People with Disabilities issued the following news release:. The American Association of People with Disabilities, the Disability Rights Education and Defense Fund, the Judge Bazelon Center for Mental Health Law and 16 other leading disability rights organizations, represented pro bono by law firms Dentons and Baker Hostetler,…
Frost & Sullivan Names Shift Technology 2020 Global Claims Solutions for Insurance Market Leadership Award Winner
To determine award recipients, analysts from Frost& Sullivan focus on a set of specific criteria to identify the areas of performance excellence that led to the company’s leadership position. According to Clare Walker, principal consultant, Business and Financial Services, Frost& Sullivan, “Shift Technology’s dedication to the insurance industry and high…
New York City Corporation Counsel James E. Johnson joined a multistate coalition in filing a lawsuit challenging the Trump Administration's disastrous final rule rolling back the national Clean Car Standards. Sound science and good policy supported Clean Car Standards that have made a tremendous difference, “said Corporation Counsel James E. Johnson.
Collision avoidance systems are eliminating more crashes as the technology improves, according to a new study of insurance claims data from various BMW models. In its latest study, the Highway Loss Data Institute compared insurance claims data from BMW vehicles for model years 2013-17. The analysis showed that the combination of improvements in front…
May 28– Chris Trotta, owner of The Vintage Wave, a shop in Asbury Park, knows the recovery of his business from the coronavirus shutdown won't be simple, but he's staying positive. Phil Murphy closed all nonessential businesses on March 21, turning the lights off on many small retailers that line main streets of the Jersey Shore's downtowns. So what will happen when…
May 28– Saratoga County debuted a website Wednesday to help businesses navigate the reopening process. A Facebook Live event Wednesday morning also directed Saratoga County business owners to saratogacountyny.gov for guidance on how to reopen their businesses. A business impact survey showed that 59% of Saratoga County businesses showed they were at…
U.S. Senator Sherrod Brown joined a bipartisan group of 125 Members of Congress in a letter to President Donald Trump, Secretary of Defense Mark Esper, and Federal Emergency Management Agency Administrator Peter Gaynor calling on the Trump Administration to ensure National Guard personnel who are serving on the front lines of the Coronavirus Disease 2019…
David Trone, in a letter to President Donald Trump, Secretary of Defense Mark Esper, and Federal Emergency Management Agency Administrator Peter Gaynor calling on the administration to ensure National Guard personnel who are serving on the front lines of the Coronavirus Disease 2019 response efforts across the nation receive the federal benefits they…
U.S. Congressman Garret Graves announced Central Private School is receiving $10,043,000.86 in a Federal Emergency Management Agency Federal Grant as a result of damages to the school during the 2016 Flood. “Central Private gets to celebrate tomorrow night with a long overdue groundbreaking ceremony for their new campus- made possible by a recent law…
Geneva Association Ernst Meyer Prize 2020 Recognises Academic Studies on Insurance Customer Behavior
The 2020 Geneva Association Ernst Meyer Prize has been granted to Lu Li of Ludwig-Maximilians-Universitat Munchen for her thesis,' Essays on Information, Risk Preferences, and Risk Management' and to Stefan Schelling of Ulm University for his thesis,' Behavioral Aspects of Product Design and Demand in Retirement Savings'. Jad Ariss, Managing Director of The…
The American Property Casualty Insurance Association issued the following news release:. The American Property Casualty Insurance Association and Dr. Robert Hartwig, director of the Risk and Uncertainty Management Center at the University of South Carolina's Darla Moore School of Business released a white paper entitled “Uninsurability of Mass Market…
