Tesla And Musk Go After The Auto Insurance Market

Florida has a property insurance problem. There is no single solution to this complex challenge, but one vein to mine: Dig deep into why so many insurance companies have failed in Florida recently.“ Well, duh,” you might say.“ That’ s too obvious.” Maybe so, but unfortunately on this important question, Florida hasn’ t moved past“ duh.”. The last hurricane hit Florida in 2018.

(The Center Square) – Washington state announced this week that it had requested a waiver from the federal government to allow currently ineligible immigrants to receive health insurance through the state marketplace exchange – a move that could cost Washington taxpayers up to $1 billion per year. "Washington state submitted a groundbreaking Section 1332…

Last Thursday, the Senate confirmed Jerome Powell for a second four-year term as head of the Federal Reserve, despite the fact that the highest inflation the United States has experienced in four decades occurred under his tenure. Powell was expected to be confirmed without a hitch, having received near-unanimous support from Democrats and Republicans on…

German insurer Allianz has agreed to pay some $6 billion for marketing structured investment funds that collapsed after the sharp stock market corrections triggered by the onset of the 2020 coronavirus pandemic. Allianz's payout includes a $2.33 billion fine, $3.24 billion restitution to affectees and $463 million in forfeiture, according to the plea…

Bearing her name, address and the last four digits of her Social Security number, the letter inside said she had been awarded unemployment benefits- a problem, she later recalled, since she had never applied for them. "It was so easy for them to use my Social Security number to get unemployment." The more than $5 trillion approved since the start of the pandemic has…

President of the Federal Reserve of New York and, in this capacity, a fixed voting member of the Federal Open Market Committee, John Williams said he expects a series of interest rate hikes in the US, as the US Central Bank fights strong inflation in the country. At the same time, he warned that the war in Ukraine will cause further food price increases, while the…

–Some hospitals abused a federal discount drug program for uninsured people to bilk state taxpayers, according to a new report from the Massachusetts- based Pioneer Institute. Those hospitals, says the Pioneer Institute, also caused an escalation of health insurance premiums. For example, a hospital could buy a $100,000 oncology drug for $25,000, bill the…

An exceptionally robust job market. The Federal Reserve raising interest rates at a rapid clip. Overheated financial markets starting to correct themselves, with the frothiest sectors bearing the brunt. That's the situation today — and was also the situation in the spring of 2000, when the dot-com bubble started to burst. A recession followed, but not until a year later. Why it…

The Senate's sign-off last week on Jerome Powell's second term as head of the Federal Reserve leaves the helm of the U.S. central bank in the hands of a white male, just as it has been for most of its 108-year history. But later this summer, for the first time, white men will account for fewer than half of the Fed's policymakers. By September, eight of the 18 officials who…

A client had obtained a mortgage loan and then had to retire due to disability. The court understood that the entity had the obligation to have the mentioned policy and imposed moral and punitive damages. In a case of supervening disability, the Second Chamber of the Civil and Commercial Court of the city of San Salvador de Jujuy ordered a bank to cancel a credit…

Auto insurers in Massachusetts have increased their rates by an average of about one-half of 1 percent this year, a relatively modest increase at a time of extremely high inflation in almost every corner of the economy. The state Division of Insurance required all insurers to take into consideration the reduced driving of policyholders in 2020 and 2021 in the…

The General Assembly gave Illinois agritourism businesses some relief on liability insurance costs. For years, Illinois Farm Bureau and the Illinois Specialty Growers Association have worked to address agritourism liability issues against stiff opposition from the Illinois Trial Lawyers Association. Rachel Aud Crowe, D- Glen Carbon, and Senate…

The Massachusetts Division of Insurance has responded to the cries for action with draft regulations that, advocates say, could slow the growth of premiums and increase transparency into the rate-setting process for hundreds of thousands of individuals and small businesses. “A transparent process would not just groups like ours but others about what…

Click here to see the 20 Cities with the Worst Drivers report for 2021.. The Insurance Institute for Highway Safety recently reported that summer and early fall are the deadliest times of year on the country’ s roads, attributing this to the increased number of road trips and miles driven. In fact, July and August see approximately 116 road deaths per day in the U.S.,…

(The Center Square) – More than 20 business organizations sent a letter to New York’s state senators Monday urging them to repeal an auto insurance regulation in place since 1978 they say is outdated. The New York Insurance Association, the National Federation of Independent Business-New York, Associated General Contractors of New York State and The Business…

The federal government has sent billions in federal aid to states for Medicaid coverage during the pandemic. Millions are at risk of losing coverage.

Americans suffering from long COVID are running into the obstacles presented by health and safety net systems that are difficult to navigate in the best scenarios —and certainly aren't set up to deal with the ambiguity of a new chronic disease. Why it matters: Long COVID patients can be hit with the financial double whammy of expensive medical bills and a reduction of income, if…

Amid some other unfortunate economic developments— accelerating inflation, a stock-market plunge, declining productivity— there's one bright spot. So bright, in fact, it's almost blinding. U.S. employers added 428,000 jobs on net in April, about the same number added in March, the Bureau of Labor Statistics reported Friday.

A new Health Affairs study finds a small amount of physicians in Medicaid managed care networks, prompting questions about state network adequacy standards.