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Ernst Works to Kick 'Creeps' Out of the Federal Workplace, Including FDIC

December 14, 2023

Joni Ernst, R- Iowa, issued the following news release:. After the Federal Deposit Insurance Corporation failed to answer her oversight questions on time, U.S. Senator Joni Ernst is following up on her promise for accountability by introducing legislation to ensure federal employees and contractors who are found guilty of sexual misconduct face serious…

Patent Application Titled “Decentralized Attribute-Based Access Control” Published Online (USPTO 20230388287): Patent Application

December 14, 2023

2023 DEC 14– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a patent application by the inventors DINGLE, Pamela; JAHROMI, Babak Ghane; KOEN, Peter; LATZELSPERGER, Paul; MARINO, James; VAN DER WIELE, Stefanus Martinus, filed on May 31, 2022, was made available online on…

Patent Issued for System and method of authenticating devices for secure data exchange (USPTO 11831774): Humana Inc.

December 14, 2023

2023 DEC 14– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Alexandria, Virginia, by NewsRx journalists, a patent by the inventors Chun, Jaewook, Flores, Andrew, Nuziale, Salvatore, Persaud, Anthony, Ryder, Avery, Spindell, Henry, filed on June 9, 2021, was published online on November 28, 2023.

Patent Issued for Intelligent prediction systems and methods for conversational outcome modeling frameworks for sales predictions (USPTO 11829920): Allstate Insurance Company

December 14, 2023

2023 DEC 14– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Alexandria, Virginia, by NewsRx journalists, a patent by the inventors Fiddler, Garrett, Pripstein, Eric, filed on July 13, 2020, was published online on November 28, 2023. The assignee for this patent, patent number 11829920, is Allstate…

Patent Issued for Audio sensor based vehicle fault diagnostics system (USPTO 11828732): Massachusetts Mutual Life Insurance Company

December 14, 2023

2023 DEC 14– By a News Reporter-Staff News Editor at Insurance Daily News– Massachusetts Mutual Life Insurance Company has been issued patent number 11828732, according to news reporting originating out of Alexandria, Virginia, by NewsRx editors. The patent’ s inventors are Depaolo, Damon Ryan, John, Jiby, Knas, Michal, Shubrick, Payton A.. This patent was filed on May…

Center on Budget & Policy Priorities: Chart Book – Social Security Disability Insurance

December 14, 2023

Social Security Disability Insurance, an integral part of Social Security, provides modest but vital benefits to workers who can no longer support themselves due to a serious and long-lasting medical impairment. Some 7.4 million people received disabled-worker benefits from Social Security in October 2023. SSDI benefits are financed primarily by part of…

Congressional Research Service: 'U.S. Assistance for Sub-Saharan Africa – An Overview' (Part 2 of 2)

December 14, 2023

WASHINGTON, Dec. 14– The Congressional Research Service issued the following report on Nov. 7, 2023, entitled " U.S. Assistance for Sub-Saharan Africa- An Overview:". DFC provides developing countries with loans, loan guarantees and insurance, direct equity, and technical assistance aimed at fostering economic development and advancing U.S. economic interests…

Webster Signs Definitive Agreement to Acquire Ametros

December 14, 2023

Webster Financial Corporation today announced that its principal bank subsidiary Webster Bank, N.A. has signed a definitive agreement to acquire Ametros Financial Corp, a custodian and administrator of medical funds from insurance claim settlements, from funds managed by Long Ridge Equity Partners. Average cost of less than 10 basis points with near-zero…

AM Best Assigns Preliminary Credit Assessment to Federal Life Insurance Company

December 14, 2023

AM Best has assigned a Preliminary Credit Assessment to Federal Life Insurance Company with a Financial Strength Assessment of A- pca and a Long-Term Issuer Credit Assessment of“ a-” pca. The outlook assigned to this PCA is stable. Financial flexibility is viewed as positive as the company has access to additional capital at the holding company level, and from its…

House of Assembly to Debate Corporate Income Tax for Multinationals with Revenue of €750M+

December 14, 2023

Today the Government of Bermuda announced that the House of Assembly will debate the Corporate Income Tax Act 2023 affecting Bermuda businesses that are part of Multinational Enterprise Groups with annual revenues of €750 M or more. Bermuda is advancing its CIT for implementation on January 1, 2025, and will continue to monitor further developments…

New Management Study Findings Recently Were Published by Researchers at Union University (Interdependence between business insurance and entrepreneurship and their impact on the economic growth): Business – Management

December 14, 2023

According to news originating from Novi Sad, Serbia, by NewsRx correspondents, research stated,“ Research Question: What type of mutual relations exist between business insurance and entrepreneurship, and how do they impact economic growth? Our news journalists obtained a quote from the research from Union University:“ Idea: To test whether the…

Management Change/Compensation – Form 8-K

December 14, 2023

On December 11, 2023, Brian K. Haendiges, Executive Vice President- U.S. Life Insurance, informed Genworth Financial, Inc. of his intention to resign from this position effective December 31, 2023. Mr. Haendiges will remain employed with the Company in an advisory role through April 2024 to ensure a smooth transition to a new Executive Vice President- U.S. Life…

RLI Announces Retirement of Jonathan Michael as Chairman of the Board; David Duclos to Serve as Independent Chairman Upon Michael’s Retirement

December 14, 2023

RLI Corp.– RLI Corp. announced today that Jonathan E. Michael, Chairman of the Board, will retire from the Board of Directors at the conclusion of the 2024 Annual Meeting of Shareholders in May, consistent with the Company’ s established succession plan. He has 45 years of global reinsurance and insurance industry experience, which included roles as CEO of QBE…

Thomas D. Elias: What blackmail won for insurance companies

December 14, 2023

Now it's clear the companies won immense new freedoms from longstanding regulations that have saved California insurance customers billions of dollars since 1988, when voters passed Proposition 103– and despite this, some firms are still not back in the market here. Here's how the blackmail worked: Companies like State Farm, Allstate and Farmers stopped…

Federal government approves part of Mississippi's plan to help struggling hospitals

December 14, 2023

JACKSON— The federal government has approved the first part of Mississippi's plan to help some of the state's financially strapped hospitals receive more Medicaid money, Gov. The Centers for Medicare and Medicaid Services approved part of the proposal Reeves released in September, in which hospitals would pay higher taxes so the state could draw more…

The California Medical Association Selects The Doctors Company as Its Exclusive Medical Professional Liability Insurance Company Corporate Sponsor

December 14, 2023

–The California Medical Association, representing nearly 50,000 physicians, has chosen The Doctors Company, part of TDC Group, as its exclusive medical professional liability insurance company corporate sponsor. We are steadfastly committed to supporting the medical profession in California and continue to empower physicians and advance healthcare…

Commissioner Causey warns consumers to Medicare, health insurance scams

December 14, 2023

RALEIGH— North Carolina Insurance Commissioner Mike Causey sounded the alarm to North Carolina Medicare and health insurance consumers as the end of the open enrollment period nears for both Medicare and the Affordable Care Act programs. The Department's Consumer Services Division and Agent Services Division found out, in some instances, unscrupulous…

OneShield & Coforge Join Forces to Elevate Customer Success on OneShield's Enterprise SaaS Platform

December 14, 2023

–OneShield, a leader in core systems for the insurance industry, is excited to announce their strategic partnership with Coforge, a global digital services and solutions provider. "We are thrilled to join forces with Coforge in our shared commitment to empowering clients on the OneShield platform," said Ken Shapiro, Chief Revenue Officer at OneShield.

Howden Tiger Partners with VIP Software to Deliver Loss Cost – Benchmarking Data and SaaS enabled Compliance Applications

December 14, 2023

–Howden Tiger, the reinsurance broking arm of Howden, the global insurance group, today announces its new partnership with VIP Software, the leading vendor management platform for insurers. VIP Software has reshaped vendor management in the insurance industry, and this strategic alliance is designed to expand the current success path by leveraging mutual…

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