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Opinion: The annual health plan reboot and its unwelcome surprises

January 18, 2023

For most Texans, the new year offers a time to celebrate, realign priorities and renew hope. The clock resets on annual health insurance premiums, which averaged $22,463 for family coverage in 2022, up 43 percent since 2012 and projected to rise another 5.6 percent this year. Health insurance deductibles or out-of-pocket maximum amounts can be as high as $9,100…

AM Best Upgrades Credit Ratings of Marysville Mutual Insurance Company

January 18, 2023

AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating to“ a” from“ a-” of Marysville Mutual Insurance Company. The outlook of these Credit Ratings has been revised to stable from positive. However, as a single-state property insurer with geographic concentration in Kansas, Marysville’ s limited scale of operations…

Davenport woman faces insurance fraud charges [Quad City Times, Davenport, Iowa]

January 18, 2023

Jan. 17— A Davenport woman is facing charges of insurance fraud after she allegedly filed fraudulent documents in connection with an insurance claim, the Iowa Insurance Division's Fraud Bureau announced Tuesday. Hosmer was arrested in Muscatine on Sunday and booked into the Muscatine County Jail. Muscatine County District Court electronic records on…

The Hartford Names Hank Dominioni Head Of Northeast Division Sales And Underwriting For Middle And Large Commercial

January 18, 2023

The Hartford has appointed Hank Dominioni head of sales and underwriting for its Middle and Large Commercial Businesses’ Northeast Division. The Hartford has appointed Hank Dominioni head of sales and underwriting for its Middle and Large Commercial Businesses’ Northeast Division. Dominioni has been with The Hartford for more than 20 years, most recently…

New CPT Code Now Effective for Second Level of Lumbar Total Disc Replacement Procedures

January 18, 2023

New CPT codes are created after review by the AMA CPT Editorial Panel and minimally meet several criteria, including:. The Editorial Panel consists of a cross-functional membership of medical specialty societies; the Blue Cross and Blue Shield Association; and others that represent America's Health Insurance Plans and private health organizations.

New York Life Wealth Watch 2023 Outlook: 1-in-3 Individuals Hopeful About Finances in 2023, Despite Inflation, Recession Concerns

January 18, 2023

“While financial health and confidence for Americans may differ for myriad factors, it’ s worth noting that women and Gen Xers, or those within the“ Sandwich Generation,” are likely parent-caregivers, handling both parent or guardian and unpaid adult caregiving roles, often leading to greater levels of stress,” said Suzanne Schmitt, Head of Financial Wellness at…

NFP Acquires Jess S. Morgan & Co., a Los Angeles-based Business Management Firm

January 18, 2023

NFP, a leading property and casualty broker, benefits consultant, wealth manager and retirement advisor, today announced it has acquired Jess S. Morgan& Company, Inc., a business management consulting firm located in Los Angeles, CA. Jess Morgan will join NFP's recently rebranded Ground Control Business Management, the Los Angeles- based firm serving high net…

Introducing Claims Launchpad by Five Sigma: Start Handling Claims in Minutes

January 18, 2023

NEW YORK, NY, U.S., January 18, 2023/ EINPresswire.com/– Five Sigma, an emerging leader in SaaS insurance claims management solutions, today introduced Five Sigma Claims Launchpad, a launch wizard designed to help property and casualty insurance companies jumpstart their claims operations- enabling them to start handling claims in minutes, without dependence…

AM Best Revises Outlooks to Negative for Post-Telecommunication Joint Stock Insurance Corporation

January 18, 2023

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Post-Telecommunication Joint Stock Insurance Corporation. The ratings reflect PTI’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral…

Blink Parametric and Firemelon Team Up

January 18, 2023

Blink Parametric and Firemelon Limited have announced a strategic partnership to offer ease of access to Blink Parametric real-time parametric solutions and assistance to all travel insurance providers served by Firemelon's Magenta Insurance System platform. Firemelon's Magenta platform is utilised for policy administration by over 30 insurers,…

Iredell sheriff: Woman ran fundraising scam for young girl with life-threatening illness

January 18, 2023

Tammy Ann Domenick, 53, formerly of Buckingham Court, Troutman, is facing six counts of felony obtaining property by false pretense. She is currently in custody in Arizona awaiting extradition to Iredell County. Iredell Sheriff Darren Campbell, in a news release, said that a woman filed a report last July claiming she had been scammed out of money donated to a…

Evoke Pharma Announces Acceptance of an Abstract at the Academy of Managed Care Pharmacy (AMCP) Annual Meeting 2023

January 18, 2023

–Evoke Pharma, Inc., a specialty pharmaceutical company focused primarily on treatments for gastrointestinal diseases with an emphasis on GIMOTI ® nasal spray, today announced that its abstract entitled“ Real-World Healthcare Resource Utilization of Patients Treated with Metoclopramide Nasal for Diabetic Gastroparesis” will be presented at the…

BeiGene Announces Expansion of Coverage on China’s National Reimbursement Drug List

January 18, 2023

CAMBRIDGE, Mass.& BASEL, Switzerland& BEIJING—- BeiGene, a global biotechnology company, today announced that the National Reimbursement Drug List released by China’ s National Healthcare Security Administration has been updated to include four new indications for its PD-1 inhibitor tislelizumab. “The expanded coverage of tislelizumab, new inclusion of…

North Carolina man wins $1 million lottery prize after buying $30 scratch-off

January 18, 2023

HALIFAX COUNTY, N.C.– Richard Todd, of Roanoke Rapids, bought a $30 scratch-off and won a $1 million prize, according to an NC Education Lottery news release. Todd bought his winning Millionaire Maker ticket from the Speed Mart on East 10th Street in Roanoke Rapids. He could choose to receive his prize as an annuity of $50,000 over 20 years or a lump sum of $600,000.

Biden touts rising wages, but inflation has kept workers from enjoying the benefits

January 18, 2023

–President Joe Biden touted Americans' rising wages over the weekend, but a closer look shows there is more to the story. "Only a few months of Biden's presidency have seen wages and earnings rise faster than prices," said E.J. Antoni, an economist at the Heritage Foundation. " Over the last two years, the American people have become demonstrably worse off with the…

Affordable Care Act enrollment soars

January 18, 2023

The program has steadily grown in popularity in Georgia. In Georgia, 10 insurers offered plans for 2023, including big players such as Aetna, Anthem, and Ambetter as well as upstarts like Oscar and Friday. One reason the program has soared in popularity in Georgia is that the Inflation Reduction Act a then- Democratic Congress passed last year increased the…

Bonds start to lose attractiveness, as inflation slows

January 18, 2023

I bonds currently being sold carry an interest rate of 6.89%, compared to 3.65% for a 30- year Treasury bond. Series I savings bonds have received a lot of hype over the past two years, and they certainly have performed well. That rate is calculated each May 1 and Nov. 1, using the consumer-price index for the past six months.

New federal office will help tackle Louisiana's massive 'orphan' oil well problem

January 18, 2023

Jan. 17— The federal government is establishing an office dedicated to cleaning up abandoned oil and gas sites, a move that Louisiana officials say will likely speed the process of tackling the state's growing' orphan' well problem. Late last year, the Interior Department began working with DNR to plug about 150 wells in five national wildlife refuges in…

DISHONEST CONTRACTORS TARGETING HOMEOWNERS AFTER RECENT CATASTROPHIC WEATHER EVENTS

January 18, 2023

According to modeling and analysis conducted by Karen Clark& Co, the winter storm caused nearly $5.4 billion in insured losses across 42 states. Separately, record rainfall, flooding, and mudslides continue to wreak havoc on residents of California with some areas of the state recording nearly a foot of rain in the past 30 days. With extreme weather impacting…

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