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Gary Balzofiore, president of Standard Security Life Insurance Company of New York has announced his retirement, effective February 28, 2023. Scott Boutin, senior vice president and Chief Claims Officer for Reliance Standard Life Insurance Company and Matrix Absence Management, has been named his successor, according to Reliance President Chris Fazzini.

–Cardata, which simplifies mileage reimbursement for employees, and Trellis, an insurtech enabling partners to offer embedded insurance, announced a new partnership to help Cardata users find compelling savings on best-in-class auto insurance. "Cardata's mission is to be the easiest, most cost-effective way to reimburse employees for using their personal…

LONDON, GREATER LONDON, UK, January 30, 2023/ EINPresswire.com/– The Business Research Company’ s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032. North America is expected to hold the largest insurance agencies market share. Major players in the insurance agencies market include McGriff…

The Federal Emergency Management Association is awarding an additional $7.1 million in federal grants for hurricane recovery efforts in Southwest Louisiana. *$2,784,548.25 to the city of Lake Charles for repairs to the Public Works Administration building. *$1,429,379.82 to the Calcasieu Parish School Board for repairs to the J.I. Watson Elementary…

Nearly 40% of deaths in California during the first 10 months of 2022 took place at home, up from. about 36% for all of 2019, according to death certificate data from the California Department of Public Health. The trend is amplified among California residents with serious chronic conditions.

Wyoming has joined a 25- state lawsuit against the U.S. Department of Labor over a new rule that will allow 401 managers to direct people's retirement savings into environmental and social investments, Gov. The rule is set to take effect on Jan. 30. A "stated desire to address climate change" by the Biden Administration may put retirement savings up against…

Six Orleans Parish Criminal District Court staffers have sued their employer, alleging officials failed to enroll them in a state retirement system for years— ultimately depriving them of hundreds of thousands of dollars— even as the court quietly paid two other employees more than $150,000 for the same lost funds. In their lawsuit— filed Wednesday in Civil…

Just before the new year, President Biden signed the Secure Act 2.0 into law. The new amounts are $22,500 for 401 programs and $6,500 for those with IRA accounts. That means 401 contributors can now kick in an extra $7,500 over the stated limits and IRA account holders an extra $1,000.

When it comes to Social Security and retirement, you may have conflicting viewpoints: On one side, you hope to start collecting your benefits as soon as you're eligible— or maybe you're concerned you'll need that income sooner. While it does make sense to wait as long as you can, Sherman Hohenberger, lead wealth planner at Wells Fargo Wealth& Investment Management,…

For example, a 30- year-old with $50, 000 in her 401 who saves $300 a month could have around $830, 000 by age 65, assuming a conservative long-term return of 6 percent, compounded monthly. If she stopped contributing in 2022 for one year, she'd have an extra $3, 600, less taxes, in her take-home pay. However, by not contributing $3, 600, that money misses out on 35 years of…

In 2022, 48% of Medicare beneficiaries were enrolled in Medicare Advantage plans instead of original Medicare, and experts predict that number will be higher in 2023.. "I help my clients with Medicare choices, and what I tell them all is that if you can afford it, you should sign up for traditional Medicare with a Medicare supplement plan," says David Haas, a…

That’ s certainly the case when it comes to some Republicans and their new“ never touch Social Security and Medicare” position. Now, to be fair, the GOP’ s well-intentioned engagement in the overall debt-ceiling dispute is limited by the short time Congress has to raise the limit, all but ruling out credible reforms of Medicare or Social Security.

If you did not apply for Medicare Part B within three months before or after turning age 65, you have another chance each year during the General Enrollment Period. The period runs from January 1 to March 31 every year. If you don't enroll in Part B when you're first eligible for it, you may have to pay a late enrollment penalty for as long as you have Part B coverage.

Consistently falling prices alongside a stronger-than-expected fourth-quarter gross domestic product and next week's anticipated less aggressive interest rate hike from the Federal Reserve are changing economists' tune and renewing hopes about the overall health of the economy. The day before, data came down showing that the U.S. economy grew at an…

How can a smaller move send a big message? That’ s the dilemma the Federal Reserve finds itself in as it meets this week to discuss its a target short-term interest rate. And there’ s no doubt on Wall Street they will hike rates by one-quarter of 1%, according to the CME FedWatch Tool.

Despite a short rally in December, the bond market suffered its worst decline in decades, thanks to the Federal Reserve's swift and sizable interest rate increases in 2022. All told, there was "nowhere to hide," says John Lovito, co-chief investment officer of global fixed income at American Century Investments. "Bonds are going to be back in 2023," says Luis Alvarado,…

As part of its $6 trillion spending spree, Congress created four new unemployment insurance programs. The Department of Labor "s inspector general" testified in March 2022 that the unprecedented infusion of federal COVID-19 relief funds into UI programs during the pandemic gave individuals and organized crime groups a high-value target to exploit.