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University of California-Santa Cruz: Mangroves Reduce Flood Damages During Hurricanes, Saving Billions of Dollars in Property Losses

October 31, 2019

-A new report finds that mangroves provide valuable flood risk benefits and play a critical role in protecting coastal communities in Florida. Mangroves significantly reduce annual and catastrophic damages from storms and are a strong first line of defense for coastal communities, according to a new study from researchers at UC Santa Cruz, the Nature…

Udall, Heinrich Vote to Reverse Trump Admin. Effort to Roll Back Pre-Existing Condition Protections for Millions of Americans

October 31, 2019

Tom Udall, D- New Mexico, issued the following news release:. Today, U.S. Senators Tom Udall and Martin Heinrich voted to void the Trump administration’s recent rule issuing waivers to allow “junk plans” that do not offer full protections for preexisting conditions and fail to provide adequate health insurance. New Mexico lawmakers and Governor Lujan Grisham…

Senate Finance Subcommittee Issues Testimony From HHS on Medicaid

October 31, 2019

The Senate Finance subcommittee on Health Care issued the following testimony by Brian P. Ritchie, assistant inspector general for audit services of the Health and Human Services Department, at a hearing entitled “Medicaid: Compliance with Eligibility Requirements”:. “I am Brian P. Ritchie, Assistant Inspector General for Audit Services, U.S. Department of…

Brown Introduces Legislation to Fix Outdated Policies That Penalize Ohioans for Saving for Emergencies

October 31, 2019

Sherrod Brown, D- Ohio, issued the following news release:. Sherrod Brown hosted a news conference call as he introduces legislation to update the Supplemental Security Income program and allow Ohioans to save for emergencies without government penalties. Dorothy Gackstetter from Graytown whose son receives SSI benefits due to a developmental disability.

Sen. Whitehouse Issues Statement on Resolution to Protect Consumers From Junk Insurance Plans

October 31, 2019

Sheldon Whitehouse, D- Rhode Island, issued the following statement on a vote on a resolution that would have overturned a Trump administration rule expanding what he calls junk insurance plans that don’t require insurance companies to protect people with pre-existing health conditions or cover basic care:. “The Trump administration, aided by Republicans in…

Young Invincibles: New Bill Would Make Coverage More Affordable for Nearly 8 Million Young People

October 31, 2019

Today, Senator Tammy Baldwin and Congressman Donald McEachin introduced the Advancing Youth Enrollment Act in the U.S. Senate and the U.S. House of Representatives, respectively. A new Young Invincibles analysis of American Community Survey data estimates that nearly 8 million people ages 18-34 would receive increased financial assistance as a result of…

October 31, 2019

Cigna’s Continued Momentum Drives Strong Third Quarter 2019 Results and Increased Revenue and Earnings Outlook

Global health service company Cigna Corporation today reported strong third quarter 2019 results led by the Health Services and Integrated Medical segments. Shareholders’ net income for third quarter 2019 was $1.35 billion, or $3.57 per share, compared with $0.77 billion, or $3.14 per share, for third quarter 2018.. Cigna’s adjusted income from operations 2…

State Auto Financial Reports Third Quarter 2019 Results

October 31, 2019

State Auto Financial Corporation today reported third quarter 2019 net income of $11.5 million, or $0.25 per diluted share, compared to net income of $33.4 million, or $0.76 per diluted share, for the same 2018 period. Net income from operations 1 per diluted share for the third quarter of 2019 was $0.34 versus $0.44 for the same 2018 period. For the first nine…

October 31, 2019

Rising Medical Solutions Promotes Rachel Fikes to Chief Experience Officer

–Rising Medical Solutions executive, Rachel Fikes, has assumed a new, elevated position with the company as it looks to create further value for its two primary constituencies– its customers and its employee shareholders. Formerly the Vice President of Marketing and Director of the Workers’ Compensation Benchmarking Study, Fikes has been promoted to Chief e…

National Association of Mutual Insurance Companies Hails Committee Vote to Extend TRIA Program

October 31, 2019

The National Association of Mutual Insurance Companies issued the following news release:. The National Association of Mutual Insurance Companies welcomed today’s vote by members of the House Financial Services Committee to extend the Terrorism Risk Insurance Act. In response Congress established the TRIA program to help absorb the potential shock of a…

S&P Global Platts: SoCal Ed Says Power Shutoffs Necessary, But Not Always Effective

October 31, 2019

Edison International, whose utility subsidiary Southern California Energy has been following a power shutoff plan over the past few days as firefighters have fought wildfires in its service territory, told analysts it is seeking a revenue requirement increase in a rate case and will be spending $4.1 billion on wildfire mitigation out of a $25.6 billion…

Insurance Information Institute: CBS’s Brennan, Columbia’s Hubbard to Speak at 2020’s Joint Industry Forum

October 31, 2019

Margaret Brennan, moderator of CBS News’ Face the Nation, and Glenn Hubbard, former chairman of the U.S. Council of Economic Advisers, will address the 38th annual Property/Casualty Joint Industry Forum on Thursday, Jan. 16, 2020, at the Marriott Marquis Hotel in New York City’s Times Square. Brennan, in addition to serving as moderator of Face the Nation, is CBS News’…

Senator Cory Gardner Again Votes to Defend Toxic ‘Junk’ Health Plans That Can Deny Coverage for Pre-Existing Conditions

October 31, 2019

These junk plans are not required to cover pre-existing conditions, prescription drugs, or maternity benefits, and “generally refuse” to provide coverage to people who are pregnant or who have a history of cancer or other diagnoses, yet Senator Gardner just voted again to promote these harmful plans at Coloradans’ expense. “The last time Senator Gardner voted to…

October 31, 2019

Provision is now CameraMatics – Driving new Standards in Vehicle and Driver Safety, Globally

Announcing the change, founder and Director Simon Murray said,‘ We’ re delighted to announce that ProVision is now called CameraMatics. ProVision CameraMatics was set up in Ireland in 2016 when Mervyn O’ Callaghan& Simon Murray identified a gap in the data and solutions that fleet managers, manufacturers and insurance companies needed to run fleets of any size…

Senator Joni Ernst Again Votes to Defend Toxic ‘Junk’ Health Plans That Can Deny Coverage for Pre-Existing Conditions

October 31, 2019

These junk plans are not required to cover pre-existing conditions, prescription drugs, or maternity benefits, and “generally refuse” to provide coverage to people who are pregnant or who have a history of cancer or other diagnoses, yet Senator Ernst just voted again to promote these harmful plans at Iowans’ expense. Senator Ernst once bragged about having the’…

Blue Capital: 3Q Earnings Snapshot

October 31, 2019

PEMBROKE, Bermuda _ Blue Capital Reinsurance Holdings Ltd. on Wednesday reported a loss of $1.1 million in its third quarter. On a per-share basis, the Pembroke, Bermuda- based company said it had a loss of 12 cents. Blue Capital shares have risen 28% since the beginning of the year.

Fourth Circuit Court Upholds Planned Parenthood’s Injunction Against Medicaid Ban

October 31, 2019

-In a win for Planned Parenthood South Atlantic’s patients, the fourth circuit affirmed that patients who use Medicaid as insurance can continue to choose the healthcare organization as their provider. In a major win for Planned Parenthood South Atlantic’s patients, the U.S. Court of Appeals for the Fourth Circuit today upheld a district court injunction…

In five-hour grilling over 737 MAX crashes, House panel reveals Boeing memos and calls on CEO Muilenburg to resign

October 31, 2019

Oct. 31– In a tense and revelatory hearing Wednesday, a U.S. House committee presented startling new evidence from internal Boeing documents showing that, before the first crash in 2018, some company engineers had discovered that a failure in a new flight-control system could be “potentially catastrophic”– information that was dismissed and never…

Changing estate tax laws makes planning complicated for couple

October 31, 2019

We created our estate plan 20 years ago when the lifetime estate tax exemption was under $1 million. Since then we’ve inherited money and our business has flourished, and we have about $12 million between us. The 2017 tax act increased the lifetime estate tax exemption to $11.2 million per individual, $22.4 per married couple.

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