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Insurer required to turn over documents in Hurricane Sally claim dispute

November 27, 2023

An appeals court Wednesday rejected arguments by a property-insurance company that it should not have to turn over some documents in a lawsuit about damage to a Pensacola home in Hurricane Sally. Property owners Thomas and Lisa Thompson received estimates of more than $285, 000 to repair wind damage caused by the 2020 storm. The ydal awsui t af t e r Homeowners…

Congress needs to take action, or your taxes will be going up

November 27, 2023

President Joe Biden certainly hopes so, since the marks he's getting from the American people for his handling of the economy are some of the lowest on record. Look at a recent Financial Times/ University of Michigan poll that showed just 14% of voters said that financially, they were in a better position now. Heritage Foundation economist Richard Stern…

Why a 'Super El Niño' could help drought-stricken Kansas, Missouri

November 27, 2023

The phrase "El Niño" can conjure up images of horrendous weather: severe storms in the southern U.S. and droughts in Asia and Africa. But for Kansas and Missouri, El Niño, a months-long weather pattern that typically brings warm winters and extra precipitation to the central U.S., brings hope. The National Center for Atmospheric Research predicted the current…

7 steps to protect loved ones from financial fraud

November 27, 2023

With fraud increasing in complexity, frequency and deception, it's natural to be concerned for the privacy and financial security of the loved ones in your life. Here are seven steps to help protect your loved ones' financial lives:. Educate your loved ones about common types of fraud.

In national scam to steal mail, banking identities, this Louisiana man is bound for prison

November 27, 2023

A Slidell man is headed to prison in a national scam to pilfer mail from blue collection boxes, steal the victims' identities and cash fraudulent checks in their names. Federal prosecutors say Ronald S. Riley Jr., 28, gained $250,000 from his crimes. His crimes came in a national outbreak of mail thefts made possible by someone stealing, duplicating and selling the…

WNS Recognized as a ‘Leader’ in P&C Insurance for the Ninth Consecutive Year by Everest Group

November 27, 2023

NEW YORK& MUMBAI, India—- WNS Limited, a leading provider of global Business Process Management solutions, today announced that it has been recognized as a‘ Leader’ for the ninth consecutive year in Everest Group’ s Property and Casualty Insurance BPS PEAK Matrix ® Assessment 2023. WNS was also named a‘ Star Performer’ by Everest Group based on the company’ s…

Report: Shopping around cuts healthcare costs

November 27, 2023

Healthcare services, according to a new report from the Commonwealth Foundation, shouldn't be any different. The foundation, which advocates for fiscally conservative policies, said health care across Pennsylvania is "inaccessible, confusing and unaffordable. In a 2020 report from the Economic Policy Institute, researchers said job losses in the insurance…

Best’s Market Segment Report: AM Best Maintains Positive Outlook on Delegated Underwriting Authority Enterprises Segment

November 27, 2023

An additional factor partly contributing to the positive outlook is the technology and talent within the segment that continue to drive innovation, according to a new Best’ s Market Segment Report, titled,“ Market Segment Outlook: Delegated Underwriting Authority Enterprises.”. “The DUAE segment is still burgeoning with opportunity despite capacity…

Athene Executes Block Reinsurance Transaction in Japan

November 27, 2023

“This transaction builds on the power of Apollo and Athene’ s combined offerings to insurers in Japan, helping them to provide their policyholders and clients with long term retirement income,” said Matthew Michelini, Apollo Partner and Head of Asia Pacific. Since 2020, Athene has been active in the local new business reinsurance market, with four flow…

Regulatory Capital Rules: Risk-Based Capital Requirements for Depository Institution Holding Companies Significantly Engaged in Insurance Activities

November 26, 2023

Agency: " Board of Governors of the Federal Reserve System." SUMMARY: The Board of Governors of the Federal Reserve System is adopting risk-based capital requirements for depository institution holding companies that are significantly engaged in insurance activities. FOR FURTHER INFORMATION CONTACT: Lara Lylozian, Deputy Associate Director and Chief…

Open Meeting of the Federal Advisory Committee on Insurance

November 26, 2023

The FACI provides non-binding recommendation and advice to the Federal Insurance Office in the U.S. Department of Treasury. The webcast will also be available through the FACI's website:…

Savvy Senior: How a Health Savings Account Can Boost Your Retirement Savings

November 26, 2023

I'm interested in contributing to a health savings account to help boost my retirement savings but would like to better understand how they work. To qualify, you must have a health insurance policy with a deductible of at least $1,500 for an individual or $3,000 for a family in 2023. In 2024, the deductible rises to $1,600/ individual or $3,200/ family.

Alaska health care providers sue to keep state rule mandating minimum payments

November 26, 2023

A group of Alaska health care providers has sued the state government, seeking to keep in place a state regulation that sets a floor for how much private health insurance plans pay for out-of-network services. The Alaska Division of Insurance plans to repeal the rule effective Jan. 1. John Morris, who chairs a coalition of doctors that, along with other provider…

What licensing, bonding and insurance means

November 26, 2023

Here at Angi, we repeat one piece of advice more often than any other: Always ensure your contractor holds the necessary license, bonding, and insurance to do business. These are all excellent ideas to protect yourself, but what exactly do they mean, and to whom do they apply? Here's a handy guide to those terms and what they mean for you as a homeowner.

Ping An Chairman Dr. Ma Mingzhe Receives Director of The Year Award from The Hong Kong Institute of Directors

November 26, 2023

HONG KONG and SHANGHAI, Nov. 26, 2023/ PRNewswire/– Ping An Insurance Company of China, Ltd. is pleased to announce that Dr. Ma Mingzhe, Chairman of Ping An, has been honored by The Hong Kong Institute of Directors. The panel of judges from The Hong Kong Institute of Directors unanimously praised Dr. Ma for his exceptional leadership and foresight, saying: " Dr. Ma is a…

Worth noting, Nov. 25, 2023

November 25, 2023

Nominate your' Unsung Heroes' for a story in the Laramie Boomerang. The Laramie Boomerang thanks you in advance for helping us recognize the "Unsung Heroes" in our community. Enroll Wyoming offers free help with health insurance open enrollment.

Law loosens Illinois mandate for farm mutual insurance companies

November 25, 2023

There are 44 farm mutual companies with more than 50,000 policyholders in Illinois. Before, Illinois law required that catastrophic reinsurance policies have no caps on claims made. Four companies were offering reinsurance contracts to Illinois farm mutual insurance companies as of Jan. 1, but only one was expected to continue to offer the terms that would…

Executive Councilor Demands Accountability in Blood Lead Screenings for NH Children

November 25, 2023

CONCORD— At the November 8, 2023, Executive Council meeting, District Three Executive Councilor Janet Stevens, demanded accountability and compliance from the three Managed Care Organizations, which oversee delivery of the state's Medicaid and Children's Health Insurance Program to 82,462 New Hampshire children and young adults. "The data is…

IDOI SHIP program launches events to help Hoosiers navigate Medicare open enrollment

November 25, 2023

The Indiana Department of Insurance State Health Insurance Assistance Program has started its statewide virtual and on-site Medicare Advantage Open Enrollment presentations and events to help Hoosiers prepare for Medicare Open Enrollment. Hoosiers eligible for Medicare will be able to select coverage for 2024 from Oct. 15 to Dec. 7, 2023.

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