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United Surety & Indemnity Company Live with Majesco Digital 1st Platform Offering Customers an Unmatched Digital Claims Experience

April 20, 2023

Majesco, a global leader of cloud insurance platform software for insurance business transformation, today announced United Surety& Indemnity Company, the leading surety writer in Puerto Rico, is live with Majesco Digital 1 st ® Platform to create a next-gen digital claims experience. The USIC and Majesco cross-functional teams partnered to implement the…

Is an apology worth $15,000? Baton Rouge paid more to settle police lawsuit without one. [The Advocate, Baton Rouge, La.]

April 20, 2023

Apr. 19— A woman suing Baton Rouge police— accusing an officer of muting his body camera, spewing profanities at her and yanking her out of a car— gave Parish attorneys two choices in a settlement agreement, emails between her attorney and Parish counsel show: Pay her $55,000 in taxpayer money for damages, or pay only $40,000 but issue an apology.

Arity and Connected Analytic Services partner to promote safer driving with unique set of driving data

April 20, 2023

CHICAGO& PLANO, Texas—- Arity, a mobility and data analytics company, is teaming up with Connected Analytic Services, LLC, a Toyota affiliate, to provide driving data from connected vehicles to auto insurance carriers on behalf of vehicle owners to enable them to access usage-based auto insurance products. The partnership with CAS brings connected-car data from…

Horizon Healthcare Services Selects Cognizant to Support its Government Healthcare Programs for 1.2 Million Members

April 20, 2023

–Cognizant has been selected by Horizon Healthcare Services, Inc., New Jersey's oldest and largest health insurer, to support its government healthcare programs. "Our collaboration with Cognizant has helped keep Horizon compliant with government requirements and establish us as a market leader in New Jersey for Medicaid, D-SNP, and other programs," said Mark L….

Houlahan and Paid Leave Working Group Meet With Insurance Industry Leaders at Third Meeting

April 20, 2023

Chrissy Houlahan, D- Pennsylvania, issued the following news release on April 19, 2023:. Yesterday, Representatives Chrissy Houlahan and Stephanie Bice hosted their third meeting of the Bipartisan Working Group on Paid Family Leave. The Bipartisan Working Group on Paid Family Leave is made up of six Members of Congress– Houlahan and Bice are joined by…

Best’s Commentary: Embedded Insurance Gains Profile as a Digital Option

April 20, 2023

”later this month at RISKWORLD— the RIMS 2023 Annual Conference and Exhibition, which takes place April 30- May 3, 2023, at the Georgia World Congress Center in Atlanta. The embedded insurance discussion is scheduled for 4 p.m. on Tuesday, May 2. To learn more about RISKWORLD, please visit the event overview. Headquartered in the United States, the company does…

Sensely Labs Successfully Integrates chatGPT, Adding a New Layer of Enterprise Intuition

April 20, 2023

–Today Sensely's lab division announced the initial integration of chatGPT into its Front Door Navigator product. Front Door Navigator is a conversational application designed to quickly assist insurance policyholders to get their most pressing questions answered intuitively. Featuring a robust set of pre-built, targeted intents for consumer…

9 Potential Investor Benefits of Oxbridge Re’s (NASDAQ: OXBR) Web3 Startup SurancePlus

April 20, 2023

SurancePlus, a wholly-owned subsidiary of Oxbridge Re Holdings Limited, is currently offering an innovative opportunity in the form of DeltaCat Re tokens, which are asset-backed digital reinsurance securities. NASDAQ-Listed Parent Company SurancePlus benefits from the strong foundation and reputation of its parent company, Oxbridge Re Holdings…

Department of Labor Reaches Settlement With Prudential Insurance Company of America to Revise Life Insurance Practices That Denied Claims

April 20, 2023

The U.S. Department of Labor Employee Benefits Security Administration issued the following news release on April 19, 2023:. The U.S. Department of Labor today announced a settlement with the Prudential Insurance Company of America– a subsidiary of Prudential Financial Inc.– that will require the financial giant to revise its practices after a federal…

Assurant Partners with CNH Industrial Capital, the Captive Finance Company of CNH Industrial, to Provide Equipment Protection and Insurance Products through their Dealer Network

April 20, 2023

Assurant, Inc., a leading global business services company that supports, protects, and connects major consumer purchases like automobiles, as well as commercial equipment, is partnering with CNH Industrial Capital America LLC and CNH Industrial Capital Canada Ltd., the captive finance companies of CNH Industrial N.V.. CNH Industrial is a global leader in…

Allstate Announces March and First Quarter 2023 Catastrophe Losses, Implemented Auto Rates and Prior Year Reserve Reestimates

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 resulted in a premium impact of 1.7%, which are expected to raise annualized written premiums by approximately $454 million,” said Jess…

Financial considerations in retirement

April 20, 2023

We often receive financial advice about the importance of retirement planning but less about what to do with our money once retirement arrives. If you are retired or will be soon, here are some tips to make your money go further. This includes Social Security benefits, employer-sponsored benefit plans and personal investments for many people.

William Lako: Plan for health care costs to protect retirement savings

April 20, 2023

According to the Employee Benefit Research Institute, couples 65 and older will likely need between $212,000 and $383,000 to cover their health care costs in retirement. Earmarking nearly $400,000 right out of the gate is a little extreme, if not nearly impossible, for most. First, realize that retirement can last 20 to 30 years, so most investors are looking at…

At-Bay Introduces World's First InsurSec Solution to Address Growing Cybercrime Rates among U.S. Small Businesses

April 20, 2023

At-Bay, the insurance provider for the digital age, today announced the launch of At-Bay Stance— the world’ s first InsurSec solution designed to help small-to-mid-sized businesses close their persistent security technology and skills access gap, all through their cyber insurance policy. "SMB security is broken," said Rotem Iram, CEO and Co-Founder of At-Bay.

Allstate Announces March and First Quarter 2023 Catastrophe Losses, Implemented Auto Rates and Prior Year Reserve Reestimates – Form 8-K

April 20, 2023

Allstate Announces March and First Quarter 2023 Catastrophe Losses, Implemented Auto Rates and Prior Year Reserve Reestimates NORTHBROOK, Ill., 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. Catastrophe losses for March events were estimated at $1.26…

Top-10 Medicare Advantage plans dominate market

April 20, 2023

Los Angeles, CA April 19, 2023—- The top-10 Medicare Advantage plans dominate the growing MA market according to information shared today by the American Association for Medicare Supplement Insurance. "While there are several hundred plans competing for Medicare Advantage enrollments, the top few really dominate," notes Jesse Slome, director of the…

Woman without a license treated patients with ‘life-threatening’ conditions, feds say

April 20, 2023

Theresa Pickering, 55, treated patients with“ life-threatening” conditions, prescribed drugs and diagnosed illnesses without a license at a family medical practice in Norcross, about 20 miles northeast of Atlanta, prosecutors said. In the current case, Pickering, of Norcross, was sentenced to two years and nine months in prison for committing healthcare fraud,…

Biden says he won't cave to GOP's "whacko notions" on debt ceiling

April 20, 2023

If the Republican-controlled Congress and Mr. Biden cannot reach an agreement on the debt limit in the next several weeks, the government could default on its bills, resulting in economic chaos in the U.S. and across the globe. Mr. Biden has called on Congress to raise the nation’ s debt limit, while Mr. McCarthy, California Republican, is demanding massive spending…

Agency Information Collection Activities; Submission for OMB Review; Comment Request; Notice to Employees of Coverage Options Through Health Insurance Marketplace

April 20, 2023

SUMMARY: The Department of Labor is submitting this Employee Benefits Security Administration- sponsored information collection request to the Office of Management and Budget for review and approval in accordance with the Paperwork Reduction Act of 1995. FOR FURTHER INFORMATION CONTACT: Mara Blumenthal by telephone at 202-693-8538, or by email at…

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