Cathy McMorris Rodgers, R- Washington, Republican leader of the House Energy and Commerce Committee, issued the following news release on March 30, 2022:. Energy and Commerce Committee Republican Leader Cathy McMorris Rodgers spoke before the Rules Committee during a hearing on H.R. 6833, an attempt by Democrats to revive socialist drug pricing in the tax and…
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–Hub International Limited, a leading full-service global insurance broker and financial services firm, announced today the launch of HUB Care Concierge, an innovative technology platform for employers to support employees with their health and wellbeing and to help improve productivity and retention. "At HUB, we're focused on the entire continuum of…
CCC Intelligent Solutions, the SaaS platform powering the P&C insurance economy, today announces asTech ®, a Repairify company and a leader in diagnostic, calibration, and programming solutions, has joined the CCC ® Diagnostics network. Safe, quality repairs are the primary Repairify objective, and CCC Diagnostics is an important connection for us to better…
–Enact Holdings, Inc. a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that its flagship legal entity, Enact Mortgage Insurance Corporation, has secured approximately $325 million of additional excess of loss reinsurance coverage. This credit risk transfer transaction covers a portfolio of existing…
Insurance and Safety Fire Commissioner John F. King announced today a $5 million fine against Blue Cross Blue Shield as the result of a months-long Market Conduction Examination into Download this pdf file. violations of state laws and Agency rules and regulations by the insurance carrier. Furthermore, Blue Cross Blue Shield may be subject to additional…
The Federal Deposit Insurance Corporation issued the following statement by Martin J. Gruenberg, acting chairman, board of directors on the request for comment on the Statement of Principles for Climate-Related Financial Risk Management for Large Financial Institutions:. The proposed Statement of Principles provides a high-level framework for the safe…
THE BENEFITS OF ADOPTING THAT CUTE KITTEN OR ADORABLE PUPPY MAY SEEM LIKE THEY FAR OUTWEIGH THE COSTS OF AN INITIAL VET VISIT along with some shots, flea medication and food, but one accident or unanticipated illness later and suddenly the costs– totaling potentially thousands of dollars– will turn a joyous addition into a heavy burden. Carmel Valley resident…
$2.1 Billion Capital Raise Positions Fortitude Re for Continued Growth and Industry Leadership New Agreement with Fortitude Re Expected to Increase Global Credit Fee-Earning AUM by $50 Billion and Expected to Increase Annualized Fee Related Earnings by $50 Million NEW YORK and HAMILTON- Global investment firm Carlyle and FGH Parent, L.P., the parent…
The following table shows the condensed financial results for the Company's insurance operations for the years ended December 31, 2021 and 2020. Profitability in 2021 increased due to a $7,234,000 increase in insurance premiums, a $2,466,000 increase in gains on investments and other assets, a $1,280,000 increase in net investment income, a $661,000…
Brian Webb, of Naples, was arrested March 15 after he failed to turn himself in March 14, records show. Brandon Jourdan, of Cape Coral, a contractor for Webb's company, was arrested March 13. His contractor, Brandon Jourdan, is accused of paying, waiving or rebating all or part of an insurance deductible with the intent to injure, defraud or deceive, according to his…
ATLANTA– Georgia's insurance department has fined Anthem/Blue Cross Blue Shield $5 million for several violations of state law following a months-long investigation. To avoid additional fines, Blue Cross Blue Shield must develop a new process for handling provider complaints, pay claims within the time frames established under state law, and load…
COVID-19 exposed and deepened many inequities in our state. Our U.S. Senators Shaheen and Hassan, along with our entire congressional delegation, showed their commitment to this issue last year by passing the American Rescue Plan Act which included an important expansion of health insurance subsidies. Because of this expansion in 2021, nearly 23,000…
President Biden has proposed a "Billionaire Minimum Income Tax." Actually, the tax applies to families with a net worth in excess of $100 million. Selling "Old Age, Survivors, and Disability Insurance" to the public might be a bit of a slog.
Victims of the Surfside condominium collapse made impassioned pleas about how money in a legal dispute should be divided, but at the end of a court hearing Wednesday the judge overseeing the case was not swayed and approved an $83 million settlement he had previously endorsed. Miami-Dade Circuit Court Judge Michael Hanzman listened to emotional arguments…
Judge hears passionate arguments from Surfside victims but OKs $83 million settlement [Miami Herald]
Victims of the Surfside condominium collapse made impassioned pleas about how money in a legal dispute should be divided, but at the end of a court hearing Wednesday the judge overseeing the case was not swayed and approved an $83 million settlement he had previously endorsed. Miami-Dade Circuit Court Judge Michael Hanzman listened to emotional arguments…
ATLANTA- Georgia's insurance department has fined Anthem/Blue Cross Blue Shield $5 million for several violations of state law following a months-long investigation. To avoid additional fines, Blue Cross Blue Shield must develop a new process for handling provider complaints, pay claims within the time frames established under state law, and load…
2022 MAR 30– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators publish new report on nutrient research. Our news correspondents obtained a quote from the research from Dong-A University:“ This study aimed to investigate the timing of AR and the factors determining early AR by tracking BMI patterns using large-scale longitudinal…
According to news reporting out of Hefei, People’ s Republic of China, by NewsRx editors, research stated,“ For a long time, the relationship between agricultural insurance and the input of chemical fertilizer has been controversial.”. Our news reporters obtained a quote from the research from Anhui University:“ Since the pilot of policy-based agricultural…
Another Florida Home Insurer Loses Stability Rating, Likely To Be Dissolved
Lighthouse Property Insurance Corp. reported having 13,200 policies in Florida at the end of 2021. Lighthouse also wrote policies in Louisiana, North Carolina, South Carolina and Texas.
