The FDIC— which is funded by premiums paid by banks and savings associations— protects up to $250,000 in individual deposit accounts and up to $250,000 for each person’ s share of joint accounts. FDIC insurance covers money in checking, savings and money market deposit accounts, certificates of deposit and official items issued by a bank, such as cashier’ s checks…
Newswires
NORTHBROOK, Illinois, April 21– Allstate, a property and casualty insurance company, issued the following news release on April 20, 2023:. The Allstate Corporation today announced estimated catastrophe losses for the month of March of $1.17 billion or $927 million, after-tax. Since the beginning of the year, rate increases for Allstate brand auto insurance have…
The National Health Insurance Scheme was introduced in the country in 2001 to deal with the financial hardship among the populace that had become a barrier to their access to even basic healthcare services. Prior to 2001, access to healthcare was by the cash-and-carry system. The minister's example of some pregnant women having to pay GHC1000 to undergo…
The U.S. Department of Labor has asked the Office of Management and Budget to review an information collection entitled "Notice to Employees of Coverage Options through Health Insurance Marketplace." The notice was issued by Mara Blumenthal, senior Paperwork Reduction Act analyst. The Department of Labor is submitting this Employee Benefits Security…
–The American Land Title Association, the national trade association of the land title insurance industry, alongside AARP, the Florida Land Title Association and AARP Florida applaud the Florida legislature for passing Senate Bill 770, which will protect homeowners from the predatory practice of filing of unfair real estate fee agreements in property…
Supplemental Disclosures As previously disclosed, on February 7, 2023, Oak Street Health, Inc., a Delaware corporation, entered into an Agreement and Plan of Merger with CVS Pharmacy, Inc., a Rhode Island corporation, Halo Merger Sub Corp., a Delaware corporation and a wholly owned subsidiary of Parent, and for the limited purposes set forth therein, CVS Health…
In a brief flash of bipartisan amity, more than 40,000 Florida children got one step closer to being eligible for affordable health insurance through Florida KidCare and Healthy Kids this week. Even though it was quick, it was a moment of pure joy, with sponsors Robin Bartleman, D- Weston and Dana Trabulsy, R- Fort Pierce, surrounded by Republican and Democratic…
The Canadian Securities Administrators and the Canadian Council of Insurance Regulators today published changes to enhance total cost reporting disclosure for investment funds and individual segregated fund contracts. "Investors need to be aware of and understand the costs they pay to assess the value they receive and to make informed decisions," said…
Federal prosecutors announced charges Thursday against a California doctor who allegedly ran a $230 million fraud during the pandemic, billing the government for uninsured claims for patients who either had insurance or weren't treated. The Justice Department said the cases included nearly $490 million in false billings. That included a case against…
As pandemic-era provisions expire, millions of people in the United States will lose their health insurance as states begin to purge people from Medicaid. Medicaid, with its free or low-cost care, is a lifeline for more than 90 million people who otherwise couldn't pay the exorbitant costs of health care plans and premiums. My family is among them, and I've seen…
beckley, w.va.— Paul Richard Massey, 50, of Shady Spring, pleaded guilty Thursday to wire fraud and money laundering. According to court documents and statements made in court, Massey was employed as a claims adjuster for Allstate Insurance Company from 2015 until June 2019. Massey admitted to authorizing and issuing a $15,110.29 check on behalf of Allstate to a…
Apr. 19— Seema Nanda, U.S. solicitor of labor, during a nomination hearing in 2021. In a settlement with the U.S. Department of Labor, Prudential Financial has pledged to no longer deny claims on life insurance policies after collecting premiums from policyholders it later determined had failed to prove "insurability" to qualify for coverage.
Apr. 20– Alaska this month resumed its annual reviews of Medicaid eligibility for the first time since the COVID-19 pandemic began, as part of a return to federal pre-pandemic policies. Alaska's Medicaid programs are sometimes referred to as DenaliCare and Denali KidCare. An annual renewal process, which was paused during the pandemic, restarted April 1…
2023 APR 20– By a News Reporter-Staff News Editor at Insurance Daily News– New research on Insurance is the subject of a report. Funders for this research include Laura and John Arnold Foundation, NIH National Institute on Aging. Our news journalists obtained a quote from the research from RAND Corporation,“ Setting A total of 87 employers from across the nation…
2023 APR 20– By a News Reporter-Staff News Editor at Insurance Daily News– State Farm Mutual Automobile Insurance Company has been issued patent number 11620689, according to news reporting originating out of Alexandria, Virginia, by NewsRx editors. The patent’ s inventors are Jennings, Robert Alpine, Kobulnicky, Ben, Lommatsch, Theresa E.. This patent was filed on…
2023 APR 20– 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 Abraham, Loida R.; Krasnoff, Nathaniel J., filed on September 30, 2022, was made available online on April 6, 2023. No assignee for this patent application has been made.
2023 APR 20– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting based on a preprint abstract, our journalists obtained the following quote sourced from medrxiv.org:. “With the low adhesion to voluntary mutual health insurance, Senegal’ s policymakers have sought to understand the feasibility of compulsory health…
2023 APR 20– By a News Reporter-Staff News Editor at Insurance Daily News– Researchers detail new data in dental calculus. According to news originating from Busan, South Korea, by NewsRx correspondents, research stated,“ Periodontal disease is a chronic disease that is increasing year by year.”. The news reporters obtained a quote from the research from Silla…
2023 APR 20– By a News Reporter-Staff News Editor at Insurance Daily News– Current study results on nutrition and health have been published. According to news reporting originating from the Universitas Teuku Umar by NewsRx correspondents, research stated,“ The prevalence of stunting children under-five in Aceh Province is still high due to multiple factors,…
