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AXA XL and Pearl Insurance celebrate 20-year partnership delivering Realtors' E&O protection

December 14, 2023

–AXA XL, the specialty risk division of global insurer AXA, and Pearl Insurance, a division of One80 Intermediaries, are marking a milestone– 20 years of partnership delivering tailored Errors and Omissions insurance for real estate agencies. Our strong 20- year partnership with Pearl certainly exemplifies what can be done, "says Frank Palermo, Head of…

ACA Has Helped Cut Independent Worker Uninsured Rate Nearly in Half, Yet Many Remain Without Health Coverage Due to Perceived Unaffordability

December 14, 2023

–Stride Health, the platform powering benefits for the gig economy, is releasing the findings of its annual Health Insurance Accessibility report that analyzes the different healthcare challenges that independent workers and self-employed Americans face as compared to individuals with employer sponsored health insurance. While we see the cost of…

Amwins Underwriting Announces New Livestock Insurance Program

December 14, 2023

"We understand livestock are important and valuable investments and protecting insureds against sudden loss helps keep farms and ranches running smoothly," said Diane Lesher, president at Equisure. About Amwins Amwins is the largest independent wholesale distributor of specialty insurance products in the U.S. dedicated to serving retail insurance…

FEMA: Public Invited to Review Flood Maps in Amherst County, Virginia

December 14, 2023

The U.S. Department of Homeland Security's Federal Emergency Management Agency issued the following news release:. FEMA is proposing updates to the Flood Insurance Rate Map for Amherst County, Virginia. The updated maps were produced in coordination with local, state and FEMA officials.

Allstate Announces November 2023 Implemented Rates

December 14, 2023

The Allstate Corporation today announced implemented auto and homeowners insurance rates for November 2023. Implemented rate increases and inflation in insured home replacement costs resulted in a 12.6% increase in homeowners insurance average gross written premium in November 2023 compared to the prior year,” said Jess Merten, Chief Financial Officer…

US Fed holds key rate steady and signals three cuts likely in 2024

December 14, 2023

The Fed's decision to keep its key lending rate between 5.25 percent and 5.50 percent lets policymakers determine "the extent of any additional policy firming that may be appropriate," the US central bank said in a statement. The Fed's stance signals a continuation of its long-running battle to slow inflation towards its long-term target of two percent amid a…

Biden to announce rebates for drugs that raised prices faster than rate of inflation

December 14, 2023

"For the last quarter of 2023, 48 Medicare Part B drugs raised their prices faster than inflation, and some drug companies raised prices of certain medications faster than inflation for every quarter over the last year," the White House said in a statement. The White House on Thursday also announced that 64 drugs in total saw price increases that outpaced the rate…

Partial mistrial for Kentucky doc accused of unneeded surgeries to defraud insurers

December 14, 2023

Richard Paulus ended in a partial mistrial due to a hung jury. Jurors were tasked with reaching a unanimous verdict determining guilt or innocence on 10 criminal charges stemming from the United States' allegation Paulus performed unnecessary procedures to defraud insurance companies. District Judge David L. Bunning instructed jurors to head back to the…

What a soft landing for the economy means for your clients

December 14, 2023

Many experts are coming to believe that the Federal Reserve will engineer a soft landing, where inflation slides toward the central bank's 2% target and the economy doesn't fall into recession. Goldman Sachs economist Jan Hatzius sees only a 15% chance of recession in 2024 while he predicts GDP growth of 2.1%. "What we are expecting now is a soft landing," Nancy…

Former Saratoga Springs restaurant owner admits to PPP fraud charges

December 14, 2023

Scott Solomon, 37, of Albany, was the former owner of popular Saratoga Saratoga Springs restaurants Siro's, near Saratoga Race Course, and Pig' N Whistle restaurant, which was briefly open on Broadway. U.S. Attorney Carla B. Freedman and Special Agent in Charge Craig L. Tremaroli, of the FBI' s Albany Field Office, made the announcement about Solomon's case Monday.

Westfield Specialty Names 2 Leaders; Enters International Property D&F Business

December 14, 2023

The new International Property division will be led by Richard Wood, Executive Vice President, Head of Property, International Insurance, who will join the company in July 2024. Richard Wood joins Westfield Specialty from Lancashire Group, where he was Group Head of D&F Property. Prior to Lancashire, Richard worked at Catlin Group where he led the Direct…

Allstate announces November 2023 auto and home rates

December 14, 2023

Allstate Announces November 2023 Implemented Rates NORTHBROOK, Ill., December 14, 2023- The Allstate Corporation today announced implemented auto and homeowners insurance rates for November 2023. "Allstate continued to make progress on our comprehensive plan to improve profitability. Implemented rate increases and inflation in insured home…

Opinion: Saint Francis Health System transforming patient care through new Medicare program

December 14, 2023

The first Saturday of the month, on Saint Francis Serves Day, volunteers from Saint Francis Health System fan out across communities in eastern Oklahoma for a day of service to nonprofit agencies that aid the most vulnerable people in our communities. In an effort to improve the quality and affordability of the health care services we provide to our Medicare…

235848 DENNIS BRYANT

December 14, 2023

HIT/RUN LEAVE SCENE PROP DAM- MISDEMEANOR Bond: $2500.00 Type: SECU Status: INAC. FAILURE TO REDUCE SPEED- MISDEMEANOR Bond: $0.00 Type: INCL Status: INAC. NO LIABILITY INSURANCE- MISDEMEANOR Bond: $0.00 Type: INCL Status: INAC.

SBI Life signs MOU with Shri Kshetra Dharmasthala Rural Development Project BC Trust® to make insurance solutions accessible to rural people of Karnataka & Kerala

December 14, 2023

–SBI Life Insurance, one of the most trusted life insurers in India, signed MOU with Shri Kshetra Dharmasthala Rural Development Project BC Trust ® in Dharmasthala, Karnataka. With a focus to support financial inclusion, empower rural women and social development amongst the stakeholders, life insurance solutions are being made easily accessible to the…

Pa. Senate Republicans: Phillips-Hill's Measure Enhancing Pennsylvania's Travel Insurance Framework Garners Senate Support

December 14, 2023

The Pennsylvania Senate Republicans issued the following news release:. The Senate of Pennsylvania unanimously approved legislation that would update the regulatory framework for travel insurance in the commonwealth, according to the measure's sponsor, Sen. The passage of this legislation would add Pennsylvania to the list of 32 other states that have…

African Development Bank and ICIEC Partner to Support Financing of ESG Projects in Cote D'Ivoire With EUR 194 Million Insurance Support

December 14, 2023

The African Development Bank Group and The Islamic Corporation for the Insurance of Investment and Export Credit, a multilateral credit and political risk insurer and a member of the IsDB Group, have signed a strategic risk sharing engagement aimed at fostering sustainable development in Cote d'Ivoire. In this landmark collaboration, ICIEC has provided an…

Northwestern University: Nearly 40% of Type 2 Diabetes Patients Stop Taking Their Second-Line Medication

December 14, 2023

CHICAGO, Illinois, Dec. 14– Northwestern University issued the following news release:. *First large U.S. study to show such high discontinuation rates. The study was published Dec. 12 in the American Journal of Managed Care.

United States Insurance Distribution Technology Market Report 2023-2026: Rising Penetration of Cloud-based Insurance Technology Services and Escalating Demand for Digital Self-Service

December 14, 2023

–The "The US Insurance Distribution Technology Market: Insights& Forecast with Potential Impact of COVID-19" report has been added to ResearchAndMarkets.com' s offering. The US insurance distribution technology market is projected to reach US $209.99 billion in 2023, growing at a CAGR of 7.60% during the forecast period. Insurance distribution…

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