Newswires

JERSEY CITY, New Jersey, May 27– The American Property Casualty Insurance Association issued the following news release:. Despite experiencing an underwriting loss, the property/casualty insurance industry ended 2021 strong and able to support policyholders, according to a report from Verisk, a leading global data analytics provider, and the American…

Legislation recently signed into law by Minnesota Governor Tim Walz greatly enhances protections for consumers seeking lifetime income from annuities. Minnesota is the 25th state to implement the' best interest of consumer enhancements' in the National Association of Insurance Commissioners Suitability in Annuity Transactions Model Regulation.

Sherrod Brown, D- Ohio, has introduced legislation to "amend the Internal Revenue Code of 1986 to repeal the direct payment requirement on the exclusion from gross income of distributions from governmental plans for health and long-term care insurance." John Thune, R- S.D., Mark R. Warner, D- Va., and Chuck Grassley, R- Iowa. Sherrod Brown, 503 Hart Senate Office Building,…

Deputy Commissioner of the Captive Insurance Division at Vermont' s Department of Financial Regulation, David Provost, has announced his plan to retire at the end of the summer to ensure a smooth transition within the Department to new leadership. "We are committed to appointing a replacement that will maintain the tone and standard Dave has set in Vermont."

Some of the doubts were voiced from within the ruling GOP caucus in Tallahassee. Jim Boyd cautioned his colleagues this week. The Bradenton Republican, who also is an insurance agent, attempted to speed up the relief by proposing amendments to his bills on Tuesday that would expedite rulemaking and rate hearings.

–Tata AIA Life Insurance Co. Ltd., o n the back of its strong fund performance and bonus track record of last year, TATA AIA, one of India's leading life insurers, announced the launch of Tata AIA Life Insurance Smart Value Income Plan, a non-linked, participating life insurance savings plan. Tata AIA Life Smart Value Income Plan provides several first time features…

WARREN, New Jersey- May 27, 2022- Everest Insurance ®, the Insurance division of Everest Re Group, Ltd. today announced that it has officially entered the Latin American market after receiving approval from the Commission for the Financial Market to operate in Chile under the name Everest Compañía de Seguros Generales Chile S.A. Senior Vice President and…

WASHINGTON, May 27– The U.S. Department of Agriculture's Economic Research Service issued the following news:. Access to health care involves affordability, which is often tied to health insurance coverage, as well as availability of health care facilities and providers. Keywords: Health care access, health insurance, health care costs, self-employed, nonmetro,…

Some of the doubts were voiced from within the ruling GOP caucus in Tallahassee. Governor under pressure as Florida homeowners struggle: DeSantis signs property insurance reform bill. Bill approved amid dire warnings: Florida Senate approves property insurance bill as sponsor warns of imminent market collapse.

The U.S. property/casualty industry saw a 4.6% increase to $3.3 billion in net underwriting income in the first three months of 2022 over the same prior-year period, according to preliminary financial results. Overall P/C industry net income rose $29.0 billion for the three-month period. Industry surplus increased slightly by 0.5% from the end of 2021 to…

Beazley announced today that Matthew Westhoff has been appointed Head of North America Commercial Property, a new role that brings together the firm's US property teams under his leadership. Prior to joining the firm, he held leadership roles with Berkshire Hathaway and AIG/Lex and worked at a number of other leading carriers in the US. Richard Montminy,…

Female drivers in Montana are facing higher auto insurance premiums than male drivers one year after state lawmakers and the Governor repealed a law that prevented auto insurance companies from using gender to determine premiums. In April 2021, Governor Greg Gianforte signed into law HB 379, which repealed a long-standing ban on sex-based insurance…

I checked my email today and the Pennsylvania Fish and Boat Commission reminded me May 21 to 27 is National Safe Boating Week. If you own a boat in Pennsylvania it should be titled and registered with the Fish and Boat Commission. If in doubt about your boat's need for registration, simply go to fishandboat.com for all the facts.

Economists know that consumers spend more when their wealth increases, even if their income remains the same. It is one of the reasons why in the U.S., consumer spending continues to remain robust- until recently. The Federal Reserve Bank, in past efforts to control inflation, focused on removing the supply of credit to the financial markets.

In Ridgewood, school officials said the state estimated the district would save about $4.7 million in health benefits under the new plan. Had the savings materialized, they would potentially have impacted other programming and school services, said Ridgewood school board President Hyunju Kwak. Ridgewood is not alone, as other districts have told similar…

Sustained Acoustic Medicine Inventors ZetrOZ Systems Outlines How Patients and Providers Can Work Together in Accessing Healthcare Benefits ZetrOZ Systems ZetrOZ Systems TRUMBULL, Conn.- May 27, 2022-. Millions of Americans have faced the devastating reality of having to fight for the healthcare they deserve, even if they have health insurance. ZetrOZ…

Ron DeSantis, R- Florida, issued the following news release on May 26, 2022:. Governor Ron DeSantis signed bipartisan legislation implementing the most significant and comprehensive property insurance reforms Florida has seen in decades to provide short- and long-term relief to Floridians to combat skyrocketing insurance costs. "This package represents…

JB Pritzker, D- Illinois, issued the following news release on May 26, 2022:. Governor Pritzker today signed HB4703, SB3910, and HB0836 into law to increase protections and access for Illinois health insurance consumers. The new law grants the Illinois Department of Insurance additional authority to assist consumers facing astronomical bills because they…