Elevated death benefits aside, most of the costs of COVID are medical and will be picked up by health insurers, Moody’s Investors Service said in a new report.
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A recent study by global management consultant Oliver Wyman concluded that if insurers sold life insurance to women at the same proportion of their income as men, $500 billion in new written premiums could be created.
Lighthouse Property Insurance Corp. reported having 13,200 policies in Florida at the end of 2021. Lighthouse also wrote policies in Louisiana, North Carolina, South Carolina and Texas.
The bill features provisions to loosen restriction on annuities in retirement plans in a section called Preservation of Income.
Insurance and Safety Fire Commissioner John F. King announced Tuesday a $5 million fine against Blue Cross Blue Shield as the result of a months-long Market Conduction Examination into violations.
A majority of workers say the pandemic has made them more concerned about their finances, both immediate and long-term financial security.
Retirees and preretirees often hope for a Goldilocks financial world where investment returns increase year after year, nest eggs are more than adequate to support a long retirement, and there’s money left over to fund bequests to children, grandchildren and favorite charities.
Nearly 46,000 people in New York who are currently ineligible for public health care programs due to immigration status would gain access to health insurance coverage under proposed state legislation, a report shows.
SECURE 2.0 is on the agenda for a House floor vote Tuesday afternoon. The move pumps up hope for the bill, which passed the congressional Ways and Means Committee last year but lost momentum and was not tacked onto other bills.
The White House will ask Congress on Monday to pass a new minimum tax on billionaires as part of a budget proposal intended to revitalize President Joe Biden’s domestic agenda and reduce the deficit.
The viability question of the government benefit and its trust fund is perhaps more vital for women because of the length and dependence of female beneficiaries, with a full 96% of Social Security survivor benefits going to women.
Virtually all consumers – 95% of them – are satisfied with their coverage, with 90% saying that their plan helps pay for needed critical medical expenses and eases concerns about preserving financial security.
From April 2014 to December 2019 the BitClub Network solicited money from investors in exchange for shares of purported cryptocurrency mining pools and and rewarded investors for recruiting new investors into the scheme.
IMOs with the appetite and ability to analyze big data and accurately forecast customer product and channel engagement demands will outsmart the competition.
Brothers Jonathan and Daniel Markovich have been sentenced to lengthy prison terms after a federal jury found them guilty of bilking $112 million out of private insurance companies for bogus addiction treatment services.
American workers of all generations put comfortable retirement among their top life goals, yet a large percentage are uncertain about how to plan for it, when to retire, and how they will pay for it, according to a Principal survey.
Fighting inflation takes action that is both decisive and intelligent. Above all, it takes resolve, because the policy measures that are necessary to beat inflation are rarely popular.
Decentralized communications between insurers, employers and health care providers historically created frustration for consumers and inefficiencies for insurers.
Florida policyholders of Avatar Property & Casualty Insurance Co., which was declared insolvent earlier this month, have until April 13 to find new carriers.
The Federal Reserve officials indicated an aggressive path of interest rate increases ahead, with rate hikes expected at each of the next six Federal Reserve meetings being held this year.
