April 28– LANSING– An attorney suing the Michigan Unemployment Insurance Agency, alleging it has wrongly accused tens of thousands of residents of fraud and unlawfully confiscated tens of millions of dollars in benefits and penalties, says an auditor general’s report released last week that was highly critical of the agency supports her claims.
Newswires
Auto Insurance Specialists today announces the availability of affordable Rideshare Insurance for drivers of Uber, Lyft, Sidecar and other Transportation Network Companies. Rideshare Insurance through AIS is currently available in Arizona, California, Illinois, Nevada, Oklahoma, Oregon and Texas. We’re happy to see insurance companies responding and…
Mercer has signed an agreement with RiskFirst to offer the risk management platform PFaroe ® to clients and pension schemes. Alan Baker, Partner and UK Head of DB Risk at Mercer, comments:“ In the face of ongoing volatility and other pressures, companies and trustees are looking for innovative ways to manage their pension scheme liabilities.
April 28– Health insurers pay higher prices in Minnesota than in most parts of the country for more than 200 common health care services, according to a new report that challenges the state’s reputation for frugal health care. For about 20 services, the average price in Minnesota is at least twice the national average, according to the report from the Health Care…
–Today, nonprofit Transamerica Center for Retirement Studies ® released The Current State of Retirement: A Compendium of Findings About American Retirees. The 118- page survey report provides in-depth perspectives on retirees including attitudes about life in retirement, time commitments, living arrangements, and personal finances.
April 27– WENATCHEE– Local Democrats say their party is abuzz about the bid of personable, well-known Seattle- area sportscaster Tony Ventrella to unseat six-term Republican Dave Reichert in the 8th Congressional District. “Democrats on the west side are very excited about him,” Clark Hansen, chair of Chelan County Democrats, said Tuesday. It includes Chelan…
April 28– ST. LUCIE COUNTY– A statewide criminal network involving racketeering, extortion, car and boat thefts, fraud and drug trafficking based in Port St. Lucie has been shut down, said Sheriff Ken Mascara. Two of the nine people arrested were from the Treasure Coast: the ringleader from Port St. Lucie, and a man from Palm City. Department of Homeland Security, U.S….
April 27– Kevin Price, Raleigh County fire levy coordinator, is urging the community to vote May 10 in support the levy, which will generate $3.5 million per year in revenue for 14 fire departments throughout the county. The levy was first passed with just over 63 percent support in 2012 at a rate of $4 million per year. “Without the levy, there is no doubt in my mind that…
April 27– CEDAR RAPIDS– The estate of a Cedar Rapids employee who died last year in a motor vehicle accident involving a man accused of fleeing police while high on methamphetamines has reached a tentative $100,000 wrongful death settlement, according to city documents. Under the Iowa Workers’ Compensation law, the city of Cedar Rapids could be compensated out…
–Finaccord’s report titled Travel Insurance and Assistance in Australia is about the current status and likely future development of the market for stand-alone travel insurance policies in Australia. It includes the following unique features:- data spanning 2011 to 2015 for the underlying travel market with a segmentation by type of journey and with…
Mohamed El-Erian, chief economic adviser at Allianz SE and a Bloomberg View columnist, said in an interview with Frankfurter Allgemeine that the European Central Bank is attempting an“ insane experiment” with negative rates. With nearly $8 trillion of sovereign bonds globally at negative yields and debtors in Japan getting paid to borrow, investors and bank…
April 27– PROVIDENCE, R.I.– Cranston estate planner Joseph A. Caramadre is asking the U.S. Supreme Court to review his conviction in a multi-million dollar investment scheme that wagered on the lives of terminally ill people. Caramadre is being represented by John W. Mitchell, a New York defense lawyer who was part of the team that successfully defended developer…
_ XL Group PLC on Wednesday reported first-quarter net income of $21.9 million. The Dublin- based company said it had net income of 7 cents per share. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
April 27– The Pennsylvania Insurance Department has announced approval of rate hikes for four companies selling long-term care insurance whose requests for large increases prompted a state hearing last month. The rate hikes affect in different ways 46,525 existing policyholders covered by four companies: Genworth Life Insurance, John Hancock Life…
–John Hancock’s acquisition of New York Life’s Retirement Plan Services was awarded “Deal of the Year” at the 23 rd Annual Mutual Fund Industry Awards event, sponsored by Fund Industry Intelligence, on April 26, in New York City. About John Hancock and Manulife John Hancock Financial is part of Manulife Financial Corporation, a leading international financial…
–Synopsis Timetric’s’ Reinsurance in the UAE, Key Trends and Opportunities to 2019′ report provides detailed analysis of the market trends, drivers and challenges in the UAE reinsurance segment. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period and forecast period….
Unfortunately, many Medicaid and Medicare allergy testing policies have placed excessive restrictions on allergy blood tests, which are recognized as being equivalent with skin prick tests by the NIH, as well as peer-reviewed medical and scientific literature. “Allergies impact a growing number of Americans from all walks of life, but children and…
–Leading travel insurance comparison website Squaremouth has been named one of the Best Places to Work in Tampa Bay by the Tampa Bay Business Journal, ranked No. 12 in the “Nearly Big” category. —Anna Gernandt, Squaremouth Web Designer. Within one month of joining the company, Web Designer Anna Gernandt received a mandatory day off and $200 bonus for her birthday.
BOSTON– United States Attorney Carmen M. Ortiz announced today that drug companies Wyeth and Pfizer, Inc., have agreed to pay $784.6 million to resolve allegations that Wyeth failed to give the government the same discounts it provided to private purchasers of its drugs, as required by the Medicaid program. “This significant settlement illustrates that the…
