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    Miami : Manhattan prosecutor Cyrus Vance, who is investigating Donald Trump for alleged tax, banking and insurance fraud, obtained the former president’s tax returns after a lengthy legal battle, a spokesman said Tuesday. “Our office obtained the documents on Monday,” Vance spokesman Danny Frost told .. Prosecutor Vance has been trying to obtain Trump’s tax returns and other tax documents from 2011 to 2018 for more than a year, but his accounting firm Mazars refused to release them. Initially, the prosecutor’s investigation focused on payments made to the pornographic actress Stormy Daniels and another alleged Trump lover to buy his silence, in violation of the US electoral financing law. But the prosecution later expanded it to “possible criminal behavior within the Trump Organization,” the company that regroups the former real estate mogul and is not listed on the stock exchange, such as tax and insurance fraud. Vance’s investigation is...
    GLENVIEW, Ill. (CBS) — There was a small victory this week for a group of restaurants fighting to have insurance companies pay out certain COVID-19 claims. As CBS 2 Political Investigator Dana Kozlov reported Tuesday, a federal judge ruled one case can proceed – despite the insurance company’s request to have it tossed. READ MORE: We Do Not Stick Strictly To Those Phases: Arwady On Why Some Chicago Neighborhoods Are Allowing Anyone 18 And Over To Get A COVID Vaccine The owner of one restaurant in Glenview, and another in Wilmette, said he has insurance to protect him from business interruptions. He has been paying premiums for decades and has never had a claim before – which is why he began fighting when he did have a claim and was denied. The Valley Lodge Restaurant in Glenview has been in business for 52 years. Owner Bill Stavrou and employees get...
    The Aéma group, born from the merger of mutual insurers Macif and Aésio, announced on Tuesday that it had entered into exclusive negotiations with British insurer Aviva to buy back its French branch for an amount of 3.2 billion euros. “Aéma Groupe has expressed its interest in acquiring Aviva France and has submitted a firm offer through its affiliate Macif,” a group press release indicates. “After several weeks of joint work, the two groups have decided to enter into exclusive negotiations,” said Aéma, which will rely on its “own funds” as well as on “debt raising” to finance the operation. Read also: Macif and Aésio seal their union and confirm their interest in Aviva France Extend Aéma’s service offering This buyout project is part of Aéma’s strategy to “become a benchmark player in the insurance market in France”. Aviva France achieved a net profit of 335 million euros in...
    Heres what we know about the United flight that suffered engine damage and dropped debris in Denver area Democrats accuse GOP and Manchin of bias on Biden nominations © FG Trade/Getty Images Some people wearing facemasks are on a laptop trying to figure out what to do with their life insurance policy. Life insurance is a useful tool, but there may be times when you wish you could wave those premiums away and get some of your money back. Thankfully, some (although not all) insurance policies do give you that option. Whole life insurance, permanent life insurance, variable life insurance and universal life insurance all have cash value components, which means that if you cancel your policy, you will get some money back. Term life insurance does not offer a cash value option. Load Error Before you surrender your life insurance policy to get access to its cash...
    This fall, price-conscious fashionistas once again will be able to get their Century 21 fix — in South Korea. The iconic Big Apple department store — a mecca for bargain hunters until it went bankrupt in September and liquidated its 13 stores in New York, Florida and Pennsylvania — is preparing for a comeback that will include stores overseas and the relaunch of its e-commerce site, according to a report. Owned and operated by the Gindi family for 60 years, the discount retailer — where shoppers could score designer brands like Chanel, Prada and Burberry for up to 50 percent off — inked a licensing deal to open a nine-story, 100,000-square-foot store in South Korea, where it had a strong following, according to Women’s Wear Daily. The Gindis blamed the bankruptcy, which spurred hundreds of layoffs last fall, on their insurance company for not paying the company’s business interruption...
    MONTPELIER, Vt. (AP) — The state of Vermont is celebrating the 1,200th captive insurance company. Gov. Phil Scott says that on Jan. 1 the Department of Financial Regulation granted a license to Sustainable Assurance Company, which was formed by the Lancaster County Solid Waste Management Authority of Pennsylvania. Captive insurance companies are wholly owned subsidies of large corporations that want to insure themselves against property loss, casualty and liability. Since Vermont began hosting captive insurance companies in 1981, the industry has generated hundreds of millions of dollars in direct taxes and fees to the state and employs hundreds of people, primarily in management, accounting, law, banking and investments. Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Tags: Vermont, Associated Press
    The Securities and Exchange Commission is following up on a critical report about Clover Health by short-selling specialist Hindenburg Research and has told the insurance company to preserve any relevant documents. Clover, backed by venture capitalist Chamath Palihapitiya, said Friday it would cooperate with the request from the SEC. The company’s share price at noon Friday was down 2.1 percent, at $11.97. Clover said the SEC had requested “document and data preservation for the period from January 1, 2020, to the present, relating to certain matters that are referenced in the (Hindenburg) article.” The company also disclosed a separate earlier inquiry from the US Department of Justice, but added it had not received any civil investigative demands or subpoenas from the department. Palihapitiya and the company were fully aware of the DOJ inquiry, which it did not consider as “material information” for its earlier disclosures, Clover said. On Thursday, Hindenburg published a scathing report,...
    More On: short seller Clover Health stock drops on allegations it’s facing DOJ probe ‘Dr. Frankenstein’ of short selling says his firm will make a major shift GameStop trading craze lifts shares of mining firm with same ticker GameStop rally continues as officials raise possibility of foul play The Securities and Exchange Commission is following up on a critical report about Clover Health by short-selling specialist Hindenburg Research and has told the insurance company to preserve any relevant documents. Clover, backed by venture capitalist Chamath Palihapitiya, said Friday it would cooperate with the request from the SEC. The company’s share price at noon Friday was down 2.1 percent, at $11.97. Clover said the SEC had requested “document and data preservation for the period from January 1, 2020, to the present, relating to certain matters that are referenced in the (Hindenburg) article.” The company also disclosed a separate earlier inquiry from the US...
    Clearview AI, the US company that developed the controversial facial recognition technology, has carried out illegal “mass surveillance” in Canada, according to an investigation report released by the Canadian Privacy Commission. The report notes that the U.S. company has created a database of “more than three billion face pictures” including many Canadians and children. Canadian police officers and private organizations approached it without the consent of individuals. The report recommended that the company complete the package and remove the images it had already collected, but Clearview declined to comment, saying “its actions have not caused any harm to the public.” Last summer, UK and Australian data security regulators announced they would launch a similar joint investigation into “web scraping” used by the company, namely the automatic information retrieval of a website. On the French side, the complaint was filed in July 2020. The California Supreme Court on...
    Elm Company (a government-owned investment firm) announces the availability of technical jobs in the city (Riyadh) for those with a bachelor’s and master’s degree or experience in computer science or information technology: – Technical Advisor Cyber ​​Security Information Confirmation and Access Control (Technical Consultant – Cyber ​​Security Information Confirmation and Access Control)Requirements: Bachelor’s or Master’s Degree and Degree (Forensics or CISSP) in Information Technology or Computer Science Major with 10 years experience in a similar field is preferred. – Senior Cyber ​​Security Analyst (Senior Cyber ​​Security Analyst)Requirements: At least 4 years experience in information technology, or two years experience in information security and a bachelor’s or master’s degree in IT or computer science majors with professional certification in information security. Benefits of working at Elm: Competitive monthly salary.Annual increase based on performance appraisal.Annual bonus from profit.Good loans.Medical insurance for the employee and his family.Medical insurance for the employee’s parents.Motor...
    Army investigating officer for attending pro-Trump rally in D.C. White House counsel and Barr warned Trump not to self-pardon Best landlord insurance Property owners who rent apartments or condos to tenants need to have a special kind of insurance called landlord insurance. Traditional homeowners insurance only covers owner-occupied properties and does not extend coverage to rented spaces. © Westend61/Getty Images A female landlord handing the keys off to her tenants (a young couple). If you own rental properties, understanding landlord insurance and what it covers is important. Landlord insurance explainedLandlord insurance is a type of insurance policy that covers rental properties. It is similar to homeowners insurance, but there are several key differences. Here are the coverages that come with a standard landlord insurance policy: Dwelling insurance: Dwelling insurance covers the exterior of the building from certain perils, like fire, falling objects and wind damage. ...
    TipRanks 3 “Strong Buy” Stocks with Over 9% Dividend Yield Markets ended 2020 on a high note, and have started 2021 on a bullish trajectory. All three major indexes have recently surged to all-time highs as investors seemingly looked beyond the pandemic and hoped for signs of a rapid recovery. Veteran strategist Edward Yardeni sees the economic recovery bringing its own slowdown with it. As the COVID vaccination program allows for further economic opening, with more people getting back to work, Yardeni predicts a wave of pent-up demand, increasing wages, and rising prices – in short, a recipe for inflation. “In the second half of the year we may be on the lookout for some consumer price inflation which would not be good for overvalued assets,” Yardeni noted.The warning sign to look for is higher yields in the Treasury bond market. If the Fed eases up on the low-rate policy,...
    Miguel Berchelt vs. Oscar Valdez confirmed for February 20 in Las Vegas BLM vs Capitol protests: This was the police response when it was Black protesters on DC streets last year GE wont claw back former CEO Jeff Immelts pay after private jet scandal Jeff Immelt's 16 years at the helm of General Electric left the company in shambles. The once-great company was drowning in debt, under fire from authorities and facing severe financial stress. © Peter Foley/Bloomberg/Getty Images Jeffrey Immelt, chief executive officer of General Electric Co. (GE), listens during an event at the Economic Club of New York in New York, U.S., on Thursday, June 22, 2017. Last week, Immelt announced he would step down as CEO on Aug. 1. Immelt's successor, John Flannery, said he plans to review the General Electric Co. empire he's inheriting, fueling speculation that the $240 billion company is headed for a major slimdown. Photographer: Peter...
    New York (CNN Business)Jeff Immelt's 16 years at the helm of General Electric left the company in shambles. The once-great company was drowning in debt, under fire from authorities and facing severe financial stress. A year after he stepped down as CEO in 2017, GE's crumbling stock was kicked out of the Dow Jones Industrial Average for the first time in more than a century. Immelt further angered shareholders because GE used not one, but two, private jets to escort him around the world. Yet despite the missteps of the Immelt era, GE's board of directors won't attempt to claw back its former CEO's compensation."The board has concluded that the company has no sound legal basis to seek clawbacks or other litigation," GE said in a statement.GE said that a "thorough investigation," led by outside, independent counsel, did not find evidence of actionable misconduct such as material accounting errors, bad...
    By MEG WINGERTER, The Denver Post DENVER (AP) — When a doctor told Toni Stammler her 4-week-old son Milo needed urgent surgery because only one of his lungs was functioning, there was barely time to pack a bag — let alone try to shop around. “In that moment, I honestly thought my baby could die,” she said. “In a situation like that, I don’t think any mother should have to think about that, about what is this going to cost.” An air ambulance carried Stammler and Milo from Montrose to Centennial. Milo did well after the surgery at Children’s Hospital Colorado, and Stammler and her husband Peter expected their insurance would cover much of the cost, since they’d already spent most of the $10,000 annual out-of-pocket maximum their plan required. Then the bill came in the mail. It was nearly $82,000. The Stammlers’ insurance, through Peter Stammler’s job in the...
    LaGuardia, worst airport in America, aims to be its best Two House Republicans tell CNN they expect at least 140 House Republicans to vote against counting electoral votes New York Life Closes Historic $6.3 Billion Deal for Cigna Unit (Bloomberg) -- New York Life Insurance Co. capped off the year by completing the biggest deal in its 175-year history. © Photographer: Mario Tama/Getty Images A sign on the office building of New York Life Insurance Company in New York City. The company closed the $6.3 billion cash purchase of a Cigna Corp. unit that sells life, accident and disability insurance, a transaction announced last December. The takeover will add roughly 3,000 employees and more than 9 million customers, with the unit operating as a standalone business to be renamed New York Life Group Benefit Solutions. Load Error “This acquisition, the largest in our company’s history, reinforces our financial...
    Kyle Trask addresses his future with Florida All Of The Outrageous And Surprising Things Queen Elizabeth II Owns How to Retire in 2021 When you are ready to retire, there are certain basic things you should do before you leave the comfort and security of your old job. You need to make final adjustments to your financial plan and make important decisions about Social Security and health insurance. © (Getty Images) Portrait of a senior woman planning personal finances at a cafe. Here's a checklist for retiring in 2021: Decide when to start Social Security. Sign up for Medicare or other health insurance. Check your retirement benefits. Take advantage of last-minute benefits at work. Consider rolling over your 401(k) to an IRA. Make a financial plan. Decide what to do next. Remember to do these things if 2021 is the year you’re finally going to take the...
    Lemonade Inc. Co-founder and CEO Daniel Schreiber speaks onstage during Day 1 of TechCrunch Disrupt SF 2018 at Moscone Center on September 5, 2018 in San Francisco, California.Kimberly White | Getty Images Shares of online insurance company Lemonade plunged as much as 15% Monday as investors prepare for the company's insider selling restrictions to end on Tuesday. Lemonade has been among the best performing companies that went public this year. Shares have soared more than 300% above its initial offering price in July. However, roughly 44 million shares will be eligible for sale starting Tuesday, and traders are bracing for potential volatility. Lemonade, launched in 2016, offers insurance to renters and homeowners. It uses artificial intelligence and chatbots to make it easier and faster to find and buy insurance. Lemonade was named of of CNBC's Disruptor 50 companies in 2020, placing at No. 17. Subscribe to CNBC on YouTube.VIDEO2:4802:48Lemonade CEO...
    Nashville bombing: Authorities know Anthony Quinn Warner triggered the blast, but motive still a mystery I was always terrified of wasting time. A cancer diagnosis made me reconsider. Lemonade Falls Ahead of Lockup Expiry After Year’s Best IPO (Bloomberg) -- The best-performing listing of 2020 is poised to enter the new year with extra volatility after insider selling restrictions expire this week. Shares fell 6.4% in premarket trading on Monday. Insurance provider Lemonade Inc. is trading more than 350% above its July 1 initial public offering price, the best of any 2020 debut above $300 million, according to data compiled by Bloomberg. But roughly 44 million additional shares -- mostly held by insiders -- will be eligible for sale on Tuesday, according to the IPO prospectus. © Bloomberg Shares outperform insurance peers before selling restrictions are lifted The company’s shares have soared on the promise of its digital platform...
    NEW YORK (AP) — Stocks that moved heavily or traded substantially Wednesday: Discovery, up $1.05 to $28.26 Oprah Winfrey sold most of her stake in OWN to the media company, news outlets reported. Nikola, down $1.80 to $15.03 The electric vehicle maker said it was discontinuing its collaboration with Republic Services on developing garbage trucks. Palantir Technologies, up 65 cents to $28.69 The data and software company signed a new two-year contract with the United Kingdom’s National Health Service. Cloudera, up 36 cents to $15 The provider of data management services announced a new credit facility that will be used to fund stock repurchases. Ambac Financial, up 38 cents to $16.83 The company agreed to buy a majority stake in Xchange Benefits, which provides international insurance underwriting, Marathon Oil, up 50 cents to $6.81 Energy companies rose more than the rest of the market as crude...
    An insurance company is suing a widow whose Uber driver husband was killed by a drunk multimillionaire in a speeding Lamborghini to make her pay back the estimated $1million settlement they gave her.  On September 21, 2016 J. Gerald Smith, 82, was hit by health club mogul Roger Wittenberns in a $354,000 mustard yellow Lamborghini in Delray Beach, Florida. His widow Lisa Smith reached a confidential settlement with James River Insurance Company, which insured Gerald driving for Uber, as well as a undislosed financial deal with Wittenberns.  James River didn't disclose the amount but said they paid out the driver policy limit of $1million, plus $250,000 on top of it, according to the Sun Sentinel. Now James River is suing Lisa Smith claiming she's obligated to return the money they gave her in their agreement because she reached another settlement with Wittenberns. Lisa Smith (right) is being sued by James River...
    This is America: Stop gaslighting me with the Asian model minority myth Google Waives $1.5 Billion DeepMind Loan as AI Costs Mount Securian Financial Review Securian Financial was founded in 1880 as Minnesota Mutual. In 2001, the company was rebranded as Minnesota Life Insurance. Fast forward to 2018, Minnesota Life Insurance took on the name of its parent company brand, Securian Financial. © MoMo Productions/Getty Images A single mom and her two kids are laughing and sitting together on the couch in the living room Today, Securian Financial is the 8th largest life insurance company in the United States. It serves more than 21 million customers in North America and has nearly $1.3 trillion in life insurance policies in force. The company offers a few different life insurance products and gets good ratings from industry experts. Load Error Our full Securian Financial review may help you determine if...
    Jack Steinberger, Nobel laureate in physics, dies at 99 She helped with Puerto Ricos first COVID-19 cases. Now, this health worker is islands first to get vaccine Japan Post Insurer Plans $2.9 Billion Buyback From Parent (Bloomberg) -- Japan Post Holdings Co.’s insurance unit plans to buy back about 300 billion yen ($2.9 billion) of shares from its parent, giving the insurer more freedom to expand its business, according to people with knowledge of the matter. © Bloomberg Signage for Japan Post Group is displayed in Tokyo, Japan, on Thursday, Jan. 9, 2020. Japan Post Holdings Co.’s new chief executive officer Hiroya Masuda vowed to restore the group’s reputation and said it’s too soon to think about growing the business after an insurance scandal brought down his predecessor. The holding company, which owns about 64% of Japan Post Insurance Co., will sell some shares to shrink its stake to...
    Auto insurers have made billions of dollars in profit this year while offe customers on promised refunds, according to a consumer advocacy group.  Allstate, Geico, Progressive and other insurers vowed in April to return a portion of monthly premiums to motorists, reflecting a sharp decline in driving because of the coronavirus pandemic. Yet while the companies kept their word, they have typically returned less than half of one month's payment to homebound drivers, according to a survey released Wednesday from the U.S. Public Interest Research Group that reviewed refunds in ever U.S. state. "What they offered is not enough," said Jacob van Cleef, a consumer watchdog associate at U.S. PIRG.  Customers should not have to pay full monthly premiums when so many drivers are unemployed and stuck at home, consumer advocates have argued, pointing to the decline in people on the road. Instead, insurers should offer another round of much larger...
    More On: sales Gucci footwear discounted up to 20 percent off for DSW sale 39 useful gifts for anyone with an iPhone, AirPods, iPad or Apple Watch Best cozy Christmas gifts of 2020: 20 ideas for the comfiest winter yet Garmin smartwatches discounted up to 50 percent for Amazon sale Many of us picked up new skills and habits in quarantine, from endlessly scrolling through TikTok videos to joining the legions of people who can now make sourdough bread. And while some of us might have a new hobby or even a passion project, some of us were lucky enough to adopt a new furry friend. With all of us spending more time at home than ever, there’s truly no better time to be a pet parent and take care of all the training (and cuddling) they require. But if there’s one thing your cat or dog needs that...
    New York (CNN Business)General Electric misled shareholders about the deterioration of its insurance and power businesses in the years before its stock price imploded, according to the Securities and Exchange Commission.GE agreed Wednesday evening to pay a $200 million penalty to settle the regulatory agency's investigations, which began about three years ago. These "disclosure failures" between 2015 and 2017 meant investors were blindsided when those businesses eventually stumbled badly, regulators said.GE's (GE) share price collapsed by a staggering 76% in 2017 and 2018 and the company was forced to dismantle its empire to pay down a pile of debt. Larry Culp already saved GE. Hell make $230 million if he can revitalize the company"GE's repeated disclosure failures across multiple businesses materially misled investors about how it was generating reported earnings and cash growth as well as latent risks in its insurance business," Stephanie Avakian, director of the SEC's divisions of...
    Casey Goodson shooting is renewing calls for change in a city fighting deeply rooted racism Florida adds 9,592 new COVID-19 cases and 84 deaths as the states positivity goes up GE Fined $200 Million in SEC Probe of Power, Insurance Units (Bloomberg) -- General Electric Co. was fined $200 million for allegedly misleading investors about the finances of its power unit and an old insurance business, as a multi-year U.S. Securities and Exchange Commission probe culminated in one of the regulator’s largest-ever settlements tied to accounting disclosures. © Photographer: Goh Seng Chong/Bloomberg The General Electric Co. (GE) logo The industrial giant failed to tell shareholders that a sizable part of its power division’s earnings in 2016 and 2017 stemmed from reductions in prior cost estimates, the SEC said in a statement Wednesday. GE also lowered projected claim costs in its long-term care insurance portfolio from 2015 to 2017 --...
    Come on, USA, everyones doing it ???? Saudi prince asks US court to dismiss assassination lawsuit GE Fined $200 Million Over SEC Probe into Power, Insurance Units (Bloomberg) -- General Electric Co. was fined $200 million for allegedly misleading investors about the finances of its gas-power unit and a run-off insurance business, settling a long-standing U.S. accounting probe that has weighed on the company. © Photographer: Goh Seng Chong/Bloomberg The General Electric Co. (GE) logo GE failed to explain to shareholders that a sizable portion of its power earnings in 2016 and 2017 stemmed from reductions in prior cost estimates, the Securities and Exchange Commission said in a Wednesday statement. Load Error GE also lowered projected claims costs in its long-term care insurance portfolio from 2015 to 2017, while failing to disclose corresponding uncertainties on future liabilities, the SEC said. “Investors are entitled to an accurate picture of...
    President Trump to hold White House COVID-19 summit as pressure mounts for FDA vaccine approval Brexit talks enter the final stage — maybe There’s only one company that could get in the way of Tesla shares’ path to $2,500, and it’s not another car maker, says veteran tech investor © Getty Images KEY WORDS Load Error That’s the rationale Gene Munster, co-founder and managing partner at Loup Ventures, gave CNBC in an interview Monday when asked about where Tesla is headed from here. His target: $2,500 within three years. Such a rally in the stock would bring Tesla’s valuation above $2 trillion, joining Apple at this point, as the only other company in that lofty realm. Interestingly, Munster says Apple is the only company that could get in the way of his bullish outlook. “Whatever their ambitions are in vehicles — I mean, it’s been really...
    Victory for trans advocates as Supreme Court rejects bathroom policy appeal National Zoo extends panda deal with China There’s only one company that could get in the way of Tesla’s path to $2,500, and it’s not an automaker, says veteran tech investor © Getty Images KEY WORDS Load Error That’s the rationale Gene Munster, co-founder and managing partner at Loup Ventures, gave CNBC in an interview Monday when asked about where Tesla is headed from here. His target: $2,500 within three years. Such a rally in the stock would bring Tesla’s valuation above $2 trillion, joining Apple , at this point, as the only other company in that lofty realm. Interestingly, Munster says Apple is the only company that could get in the way of his bullish outlook. “Whatever their ambitions are in vehicles — I mean, it’s been really quiet there, I’m not expecting anything...
    A Bridgeport man could face five years in prison after neglecting to mention while under oath that he was the beneficiary of a $100,000 life insurance policy for his mother, who died nine days after he filed for bankruptcy. Anthony Faustini, 57, was $86,862 in debt according to the office of the Connecticut U.S. Attorney. He reportedly filed for bankruptcy on March 12 of 2018; nine days later, his mother passed away.  On April 18 of that year, Faustini testified in bankruptcy court. When he was specifically asked whether "anybody died and left you any money," Faustini said "no" under oath, and he failed to list the policy in a document detailing all items of value in his possession.  On June 21 of 2018, the day after the Connecticut Bankruptcy Court absolved Faustini of all his debts, he contacted the life insurance company to ask about the status of his...
    TACOMA, Wash. (AP) — A lawsuit brought by a Bremerton family says an insurance company violated the Affordable Care Act by failing to cover gender-affirming health care for a transgender teenager. Pattie Pritchard sued Blue Cross Blue Shield of Illinois on behalf of her 15-year-old son, The News Tribune reported. “My son needs the medical care that will allow him to live, be healthy, and to thrive,” Pritchard said in a news release. “However, because he is transgender, I have to fight and jump through hoops for him to have access to the care that he needs, is legally entitled to and that he deserves. This denial also sends a message to my son and all transgender people, that their health care needs aren’t real or they’re not worthy of care. I won’t accept that.” Pritchard works for St. Michael Medical Center. She and the teen are both insured through...
    MIAMI (CBSMiami) – It is a COVID-19 testing lab on wheels and the promise is you can make an appointment and get your results fast. FastLabs provides the service for you if you need that coronavirus test within 15 minutes, but it comes at a price. It’s an example of private enterprise answering a need in the midst of the coronavirus pandemic. Doctor Raul Cruz of FastLabs says, “This lab is a modern mobile medical diagnostic facility and laboratory. What makes it different is it is mobile. According to the company, FastLabs will move their mobile unit to public events, to local businesses, to locations convenient for public access and you can get your results in minutes. “A lot of the testing you see in the community, have long lines, two-three days to get results. We can get it to you within minutes or hours,” says Cruz. But how...
    By TOM MURPHY, AP Health Writer UnitedHealth has debuted a lower-than-expected 2021 earnings forecast partly because of the unknown extent of COVID-19’s impact on the health care system. The nation’s largest health insurance provider said Tuesday that it expects to take a hit in the new year from treatment and testing costs tied to the pandemic. It believes it may see more claims for things like elective surgeries that people deferred this year as the pandemic spread. The company also cited a potential impact from rising unemployment, which can reduce employer-sponsored health insurance enrollment. The company said it expects adjusted earnings to range from $17.75 to $18.25 per share on revenue of between $277 billion and $280 billion. Analysts expect, on average, earnings of $18.39 per share on $278.46 billion in revenue in 2021, according to FactSet. SVB Leerink analyst Stephen Tanal said in a research note that the initial...
    UnitedHealth has debuted a lower-than-expected 2021 earnings forecast partly because of the unknown extent of COVID-19’s impact on the health care system. The nation’s largest health insurance provider said Tuesday that it expects to take a hit in the new year from treatment and testing costs tied to the pandemic. It believes it may see more claims for things like elective surgeries that people deferred this year as the pandemic spread. The company also cited a potential impact from rising unemployment, which can reduce employer-sponsored health insurance enrollment. The company said it expects adjusted earnings to range from $17.75 to $18.25 per share on revenue of between $277 billion and $280 billion. Analysts expect, on average, earnings of $18.39 per share on $278.46 billion in revenue in 2021, according to FactSet. SVB Leerink analyst Stephen Tanal said in a research note that the initial forecast was “likely...
    Live updates: Fauci warns that Thanksgiving could lead to surge on top of a surge Uproar in France over proposed limits on filming police Axa Sells Gulf Operations to Kuwaiti Group in $269 Million Deal (Bloomberg) -- Axa SA sold its Persian Gulf business for $269 million to a Kuwait-based group, as the French insurance giant shifts its focus and exits some overseas investments to shore up its finances amid the coronavirus pandemic. © Bloomberg The Axa SA company logo sits outside the offices of Axa U.K., in London, U.K. The Paris-based insurer said on Monday it sold its stakes in Axa Gulf, Axa Cooperative Insurance Company and Axa Green Crescent Insurance Company to Gulf Insurance Group, a Kuwaiti insurance group in which Canada’s Fairfax Financial Holdings Ltd. is a major shareholder. Load Error Axa has been seeking to raise funds by divesting peripheral operations under Chief Executive...
    David Dinkins, New York Citys first African-American mayor, dies at 93 4 myths about online safety that parents should know Insurer Metromile Will Go Public Using a Blank-Check Company (Bloomberg) -- Personal frustration with parking tickets led Metromile Inc. Chief Executive Officer Dan Preston to champion a feature to alert customers of his car-insurance company when they are parked in a street-sweeping spot, a surefire way to land a pricey fine. © Photographer: Smith Collection/Gado/Getty Images Close-up of logo for Metromile pay per mile car insurance company To take his company public, Preston selected a similarly novel approach: a merger with a blank-check company. Metromile will combine with a special purpose acquisition company, or SPAC, called Insu Acquisition Corp II, Metromile said Tuesday, confirming a report by Bloomberg earlier in the morning. When completed, the business will have an equity value of about $1.3 billion on a pro-forma basis, the companies...
    Instead of offering one or more options, some companies are turning health insurance shopping over to employees. A federal rule change last year stoked this new approach. It allows employers to reimburse workers for coverage they bought without paying a tax penalty. The concept sends employees to individual insurance markets where they can find more choices for coverage. It also protects employers from huge annual cost spikes. But it’s a big change for workers who are used to having their employer give them benefit choices every year. This new approach — known as an Individual Coverage Health Reimbursement Arrangement or ICHRA — started with coverage plans for this year. More workers will likely see them offered this fall during their company’s annual sign-up window for 2021 coverage. Benefits experts say the idea is drawing interest from employers, but they expect the option to grow slowly over the next few...
    If you've ever been in an unfortunate situation where you need to rely on your homeowner or renters insurance (e.g. your roommate left the oven on, your neighbor's pipes burst, or someone broke into your home), you know that dealing with the unexpected is stressful enough. Sadly, most insurance companies are slow-moving and expensive — and can leave you feeling like you're not getting the coverage you deserve for the rates you're paying. Thankfully, there's a different way of doing home and renters insurance: Meet Lemonade, a tech-driven, self-service insurance platform that not only gives you near-instantaneous answers but the kind of coverage you want for your home and valued possessions. Lemonade utilizes Maya, an artificial intelligence bot, to ask you a few questions to determine the perfect coverage for your needs. You won't spend hours waiting in a phone queue — in fact, you never have to...
    (CBS DETROIT) – General Motors plans to offer auto insurance through its vehicle safety company OnStar. The digital insurance service will start with Arizona residents this year. GM employees will also be the first to try OnStar insurance services. The company says OnStar insurance will be available to the general public in 2021. MORE FROM CBS DETROIT: Michigan Department Of Natural Resources Says Tiny, Invasive Insects From Asia Found In Michigan State Park MORE FROM CBS DETROIT: Police Seek Suspect Wanted In Fatal Hit-And-Run On Detroit’s East Side MORE FROM CBS DETROIT: Missed Gov. Whitmer’s Press Conference? Here’s Her Update On The State’s Response To COVID-19 © 2020 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Related
    After enrolling in OnStar Smart Driver, customers with eligible vehicles receive ongoing driving behavior feedback, such as hard braking, hard acceleration, late night driving and distance driven.GM General Motors is relaunching an auto insurance division as a way to generate new revenue using data from its growing numbers of connected vehicles in the U.S. The new business unit will be under the automaker's OnStar connectivity brand. Starting Wednesday, coverage will be offered to about 1,000 GM employees in Arizona before rolling out to its 85,100 U.S. employees and the general public by the end of next year. GM previously offered its own auto insurance from 1925 to 2008. The operations generated billions in annual revenue and contributed between $400 million and $1.1 billion to GM's bottom line during their final years of operation. Andrew Rose, president of OnStar Insurance Services, declined to disclose earnings projections for the new insurance business...
    Titans WR Davis expected to play after brothers death This is the best way to get your kids excited about veggies Life Insurance for Seniors As people get older, having life insurance can provide much needed financial peace of mind. A good life insurance policy could be a useful financial tool to help seniors pay off their mortgage, erase debt and get supplemental income after retirement. In addition, leaving loved ones enough money to pay outstanding debt, funeral costs or estate taxes (if a large inheritance is left) can reduce financial burdens inheritors may face. © Klaus Vedfelt/Getty Images Happy man playing with boy on sofa at home To choose the best life insurance for seniors, there are a few things to keep in mind. Seniors need to decide how long they need coverage for, how much coverage they want and what they want to use the money for....
    Mutual of Omaha on Thursday unveiled a new corporate logo depicting an African lion, replacing the Indian chief head that had been the symbol of the insurance and financial services company for 70 years. The Omaha, Nebraska-based company announced in July its plans for a change as corporations and sports teams around the country face increasing pressure to dump nicknames and depictions that reference American Indians amid a nationwide movement calling for racial justice. The company said in a news release Thursday that its new logo not only projects protection and strength but also delivers a strong brand connection to the company that might be as well known for its longtime sponsorship of the wildlife television program “Mutual of Omaha’s Wild Kingdom.” “We chose the symbol of a lion not only as a nod to our ‘Wild Kingdom’ heritage, but to represent the strong company we’ve always been,” said Keith...
    Sometimes I think it would be fun to be an advice columnist. Here are two situations that recently came my way. The first is about a lady, her broker, and her grandson. Dear Paul, I’m in my late 70s, and for the last seven years since my husband died and could no longer manage our money, I’ve had an adviser who is a lovely lady and obviously very smart. She always remembers my birthday, asks about my kids and grandkids, and is just as nice as can be. I’ve put my total trust in her, and I don’t seem to be in any danger of running out of money. Read: The COVID-19 economy is having a polarizing effect on retirement savers This year my grandson, who I adore, graduated from college with a degree in finance. He expressed an interest in my investments, so I gave him...
    By The Associated Press CVS Health has picked its next president and CEO from among its current group of executive leaders. The company said Friday that veteran insurance executive Karen Lynch will replace Larry Merlo, who plans to retire February 1. The 64-year-old Merlo will step down after serving as president and CEO of the drugstore chain and pharmacy benefits manager for a decade. Lynch, 57, is currently an executive vice president and also president of the company’s Aetna insurance division. CVS Health acquired Aetna in a roughly $69 billion deal it completed in 2018. Lynch came to CVS Health with Aetna and served as an executive with the Blue Cross-Blue Shield insurer Anthem before that. Woonsocket, Rhode Island-based CVS Health Corp. runs one of the nation’s largest drugstore chains with about 9,900 retail locations. In addition to selling insurance, it also runs prescription drug plans for big clients like...
    CVS Health has picked its next president and CEO from among its current group of executive leaders. The company said Friday that veteran insurance executive Karen Lynch will replace Larry Merlo, who plans to retire February 1. The 64-year-old Merlo will step down after serving as president and CEO of the drugstore chain and pharmacy benefits manager for a decade. Lynch, 57, is currently an executive vice president and also president of the company’s Aetna insurance division. CVS Health acquired Aetna in a roughly $69 billion deal it completed in 2018. Lynch came to CVS Health with Aetna and served as an executive with the Blue Cross-Blue Shield insurer Anthem before that. Woonsocket, Rhode Island-based CVS Health Corp. runs one of the nation’s largest drugstore chains with about 9,900 retail locations. In addition to selling insurance, it also runs prescription drug plans for big clients like insurers and employers...
    These states legalized recreational marijuana on Election Day Chipotle Has Seen Staff Shortages After Some Employees Tested Positive For COVID-19 Guardian Life Insurance Review 2020 Founded in 1860, Guardian Life Insurance has been providing life insurance policies for more than 160 years. Guardian offers all of the standard life insurance options, as well as a variety of other coverages to help you protect your finances. The company is highly rated, with good customer service and excellent financial strength. Guardian is licensed to do business in all 50 states. © Miguel Sanz/Getty Images A grandma sits on a chair with her grandson in her lap as they laugh together outside. Guardian Life insuranceGuardian Life is a highly rated company with a variety of coverage options. Guardian offers three types of life insurance: term, universal and whole life. While customers can get an initial quote for a term policy on Guardian's...
    Bermuda Championship Friday tee times, TV and streaming info Your Dunkin Donuts Could Be Closing for Good by the End of the Year Vacant home insurance Although home insurance is not legally required, every house should be covered by an insurance policy. That includes homes that are vacant or unoccupied. If you own a vacation property or travel for months at a time, you should consider purchasing vacant home insurance. Keep reading to learn what vacant home insurance covers, who needs it and how to buy a policy. © Boris SV/Getty Images A shot of an empty living room with a blue wall and a white chair. What is vacant home insurance?Vacant home insurance is a type of property insurance that specifically covers homes that are not being lived in. Standard home insurance policies usually do not cover homes that are left vacant for long periods of time. If...
    Fact check: Michigan governor encourages voters to drop off ballots, not mail them The most charming small-town restaurant in your state Primerica Life Insurance Review 2020 Founded in 1977, Primerica Life Insurance specializes in selling highly-rated term life insurance policies at an affordable rate. The company has a very narrow focus - it doesn't offer whole life or universal life insurance policies. Primerica receives mixed reviews for customer satisfaction, but most ratings agencies seem to agree the company services its customers well. Primerica has agents available in all 50 states, as well as the District of Columbia and many parts of Canada. © SolStock/Getty Images Grandmother plays with her granddaughter on the beach while a dog runs around the shore. Primerica life insuranceUnlike many companies in the industry, Primerica only offers one life insurance policy option. The company's term life insurance comes at an affordable rate, and allows you...
    DURHAM, N.C. (AP) — Two restaurant owners in North Carolina have won a lawsuit they filed accusing their insurance company of not honoring its contract when they had to close their businesses due to the coronavirus, according to a spokesperson for a company run by one of the owners. A Durham County Superior Court judge ruled in favor of Matt Kelly and Giorgios Bakatsias earlier this month regarding the lawsuit that was filed against Cincinnati Insurance Company in May, Jennifer Noble Kelly, spokesperson for Giorgios Hospitality Group, told WRAL-TV Wednesday. They both own restaurants in Durham. Kelly and Bakatsias’ lawsuit had asked the insurance company to require “payment for lost business income, extra expenses, and other business related losses" because of the pandemic and “related actions by governmental authorities requiring closure.” The judge’s ruling said the losses should be covered, but the insurance company is planning an appeal, said Cincinnati...
    Dodgers Turner removed from Game 6 clincher due to positive COVID-19 test The truth about rats and car engines Insurance Firm Root Poised to Price IPO Above Target (Bloomberg) -- Auto insurance platform Root Inc. and its shareholders raised $724 million in its U.S. initial public offering, with shares priced above a marketed range. © Bloomberg Light trails from traffic illuminate the Warringah Freeway and the Bradfield Freeway during the morning commute in Sydney, Australia, on Monday, May 25, 2020. Australia has a three-stage plan to reopen the economy by the end of July, after lockdown restrictions smashed businesses, particularly in the hospitality and services industry. The nation’s eight state and territory governments are moving at their own pace, depending on the number of Covid-19 infections in their jurisdictions. The Columbus, Ohio-based company sold 24.2 million shares, together with investors selling 2.6 million shares of their own, at $27...
    By Chibuike Oguh NEW YORK (Reuters) - Automobile insurance startup Root Inc sold shares in its initial public offering (IPO) on Tuesday at $27 apiece, above its target range, to raise $663.7 million, according to two people familiar with the matter. The IPO values Root, which has $200 million in debt, at $6.7 billion. The company had set an initial target price range of $22-$25 per share for a sale of almost 24.6 million shares. Root's IPO is bigger than those of other technology-powered insurance providers that have gone public this year. In May, insurance comparison website SelectQuote Inc raised $360 million in a listing that valued the firm at $3.25 billion, while SoftBank Group-backed insurance provider Lemonade Inc was valued at $1.6 billion in an IPO that raised $319 million in July. Founded in 2015, Root began by offering car insurance and now uses a smartphone-administered driving test and...
    The Ducks need new direction and new outlook The 50 Craziest, Most Bizarre Laws in Every State AIG Names Next CEO as It Splits Off Life Insurance Unit (Bloomberg) -- American International Group Inc. named Peter Zaffino as its next chief executive officer and indicated he’ll run a smaller and simpler company as the firm splits off its life-insurance business. Zaffino, currently AIG’s president, will take over the top job on March 1, when current chief Brian Duperreault becomes executive chairman, the company said in a statement Monday. AIG will also look to separate its life and retirement business, which accounted for about one-third of revenue last year. © Bloomberg AIG's No. 2 Is Fighting to Turn Around the House That Hank Built Peter Zaffino Load Error Photographer: Christopher Occhicone/Bloomberg Duperreault, 73, recruited Zaffino to join him at AIG shortly after returning in 2017 to try to turn...
    These college coaches are working to drive voter turnout among athletes This Is How Every Swing State Is Expected to Vote Tesla paid CEO Elon Musk $3 million to provide indemnity for directors and officers against legal claims Tesla CEO Elon Musk personally offered up to $100 million in indemnity coverage for officers and directors of the company. In exchange, Tesla paid Musk $3 million, a filing revealed on Monday. The highly unusual arrangement could have created conflicts of interest, as the board is supposed to oversee the CEO. © Provided by CNBC Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. Tesla paid CEO Elon Musk $3 million personally for 90 days worth of an important type of business insurance that indemnifies directors and officers of...
    Marshall Allen - Jeremy B. Merrill October 21, 2020 10:27AM (UTC) This article originally appeared on ProPublica. "Trumpcare" insurance will "finally fix healthcare," said an advertisement on Facebook. A Google ad urged people to "Enroll in Trumpcare plans. Healthcare changes are coming." The problem is, there's no such thing as "Trumpcare." Facebook and Google have promised to crack down on lies and misinformation about politics in the run-up to next month's presidential election, but they have run tens of thousands of ads in the past year containing false claims about health insurance reform and plans. : The "Trumpcare" ads don't appear to have a political aim and don't advocate for the reelection of President Donald Trump over former Vice President Joe Biden. Nonetheless, the Facebook ads touting these nonexistent products have been viewed some 22 million times in the past year, disproportionately in battleground states like Texas, Florida, Georgia,...
    RALEIGH, N.C. (AP) — A North Carolina insurance magnate and prolific political donor has started serving a federal prison sentence for corruption-related convictions. Greg E. Lindberg was in custody on Tuesday at a minimum-security prison in Montgomery, Alabama, according to Scott Taylor, a spokesman for the Federal Bureau of Prisons. A judge on Monday denied a second request by Lindberg’s lawyers to delay his Tuesday reporting date. Lindberg, 50, was sentenced in August to more than seven years in prison after being convicted of attempting to bribe North Carolina’s insurance commissioner to secure preferential regulatory treatment for his insurance business. Lindberg is appealing his convictions. Lindberg had given more than $5 million to state and federal candidates and committees since 2016, favoring Republicans but also giving to Democrats. John D. Gray, a consultant for Lindberg’s company, was convicted of charges similar to Lindberg’s. But Gray, 70, didn’t have to...
    (Reuters) - Shares of Shift Technologies Inc fell 6.7% in their Nasdaq debut on Thursday after the online used-car seller went public through a reverse-merger deal with blank check firm Insurance Acquisition Corp. Shift shares were trading at $10.86 in morning trade, compared with Insurance Acquisition's Wednesday close of $11.66. Shift is among a new breed of auto retailers that have tapped online channels to close deals without a handshake and are arranging for vehicles to be picked up or delivered without requiring customers to visit stores.. "We were actually on track for great growth this year before COVID came, but then the (pandemic) unexpectedly really turbocharged what we were doing," co-Chief Executive Officer Toby Russell said in an interview. In June, Shift agreed to go public in a reverse-merger deal with Insurance Acquisition, a special purpose acquisition company, at a valuation of $730 million. The deal closed earlier this...
    OAKLAND, Calif. (KGO) -- Landon Vivian, Managing Attorney, The Barnes Firm, based in Oakland, shares practical tips on what to do after a car accident."The details that occur at the time of the accident are critical down the road," says Landon.1. Make sure you're okay - if you're significantly injured, call for help.2. Document as much information as you can - if you have a mobile phone, take pictures.3. Find out if there are any witnesses - get their contact information.4. Get a copy of the police report.The Barnes Firm lawyers work with their client's insurance company and the insurance company of the person who was at fault.For their own clients, they sort out some of the issues like uninsured motorist coverage or underinsured.As soon as the other party's insurance company finds out your information, they'll begin trying to contact you. Landon advises, "Before you talk to that other person's...
    DJ LeMahieu, Yankees to wait until offseason to discuss extension Designer Victor Glemaud On Why There Is Room For All Black Fashion Initiatives Banner Life Insurance Review 2020 Banner Life Insurance is sold under its parent company, Legal & General, alongside its sister brand, William Penn. Since the 1980s, Legal & General has insured over 1.3 million people between the two brands, and has over $759 billion of coverage in force. That means Banner Life has a strong financial backing and its parent company has decades of experience in the life insurance sector. If you're curious about Banner Life, keep reading to see our full review of their life insurance policies and customer ratings. © FG Trade/Getty Images Older black couple sits with an insurance specialist in front of a laptop. Banner Life insuranceCurrently, Banner Life offers coverage in 49 states and Washington D.C. They offer just two policy...
    Neiman Marcus employees caught a break — sort of. After The Post revealed last month that the luxury department store’s furloughed workers were being asked to repay their company-covered health insurance costs within two months of returning to work, the company backed off the onerous demand, sources told The Post. “The employees are repaying the insurance, but now at a convenient pay plan versus the two months,” one employee who did not want to be identified told The Post. “Whatever time is needed [for repayment] will be given,” the employee said. Staffers say the company softened its stance after The Post’s Sept. 27 exposé highlighting the demands in light of the CEO showing off his luxurious Dallas mansion in Texas magazine. The 11-page spread on CEO Geoffroy van Raemdonck’s “1927 Italianate-style house,” decorated with art by Andy Warhol among other luxury items, created a stir at Neiman because it...
    Neiman Marcus employees caught a break — sort of. After The Post revealed last month that the luxury department store’s furloughed workers were being asked to repay their company-covered health insurance costs within two months of returning to work, the company backed off the onerous demand, sources told The Post. “The employees are repaying the insurance, but now at a convenient pay plan versus the two months,” one employee who did not want to be identified told The Post. “Whatever time is needed [for repayment] will be given,” the employee said. Staffers say the company softened its stance after The Post’s Sept. 27 exposé highlighting the demands in light of the CEO showing off his luxurious Dallas mansion in Texas magazine. The 11-page spread on CEO Geoffroy van Raemdonck’s “1927 Italianate-style house,” decorated with art by Andy Warhol among other luxury items, created a stir at Neiman because it popped...
    As independent music venues struggle to keep their heads above water during COVID-19 closures, two staples of Boulder’s live music scene have found support from a local cannabis company that loves to jam. Z2 Entertainment, the managing company for Boulder's Fox and Boulder theaters, has laid off close to 100 employees since the pandemic began, according to CEO Cheryl Liguori. After closing doors at both venues on March 13, Z2 continued to pay fixed overhead expenses without ticket sale income, operating at a significant loss. The Boulder Theater is now open on the weekends at 10 percent of normal capacity, while the Fox remains closed, with the earliest concert scheduled for February 2021. “It was a painful experience for everyone,” Liguori says of the last seven months in an email to Westword.Related Stories Third Boulder Dispensary Receives Medical Marijuana Delivery Permit CSU-Pueblo to Offer New Degree in Hemp Research COVID-19 Ushering in Automated Future...
    Texas Supreme Court Rules That 2 Million Voters in Houston Cant Get Applications for Mail-In Ballots Ruby Tuesday Has Filed For Chapter 11 Bankruptcy And Will Keep 185 Locations Permanently Closed Most Americans don't know these lucrative Social Security "secrets" Ad Microsoft Full screen 1/5 SLIDES © Provided by Best Life Walmart Will Finally Start Selling This in All 50 States The sheer scale at which Walmart operates can be difficult to fully appreciate. The company employs 2.2 million people around the world (1.5 million of them in the U.S.) and for the fiscal year ending January 31, 2020, they reported total revenue of $524 billion. Much of the store's success comes down to a constant adoption of new products and movements into new areas, and the latest could be one of the biggest—Walmart just announced...
    General Electric said Tuesday it received a Wells notice, saying that the Securities and Exchange Commission staff is considering recommending a civil action against the company for possible violations of securities laws. The industrial conglomerate said the issues the regulator could pursue relate to the company’s run-off insurance operations — a portfolio of about 300,000 long-term care insurance policies that it holds in its GE Capital unit. In 2017, GE took a surprise $6.2 billion accounting charge and said it would need to set aside $15 billion for long-term care insurance payouts, one of the largest such amounts ever. GE said the Wells notice is neither a formal allegation nor a finding of wrongdoing. “It allows GE the opportunity to provide its perspective and to address the issues raised by the SEC staff before any decision is made by the SEC,” the company said.
    General Electric said Tuesday it received a Wells notice, saying that the Securities and Exchange Commission staff is considering recommending a civil action against the company for possible violations of securities laws. The industrial conglomerate said the issues the regulator could pursue relate to the company’s run-off insurance operations — a portfolio of about 300,000 long-term care insurance policies that it holds in its GE Capital unit. In 2017, GE took a surprise $6.2 billion accounting charge and said it would need to set aside $15 billion for long-term care insurance payouts, one of the largest such amounts ever. GE said the Wells notice is neither a formal allegation nor a finding of wrongdoing. “It allows GE the opportunity to provide its perspective and to address the issues raised by the SEC staff before any decision is made by the SEC,” the company said. Filed under accounting ,  general electric...
    All the Cage: UFCs lucrative pandemic response; Perrys new money-making gimmick These Vintage Photos of 60s Hollywood Stars Will Leave You Feeling Nostalgic SEC: GE could face punishment over staggering insurance losses General Electric is once again in hot water with the Securities and Exchange Commission. © Andrew Harrer/Bloomberg/Getty Images The U.S. Securities and Exchange Commission headquarters stands in Washington, D.C., U.S., on Thursday, Jan. 2, 2020. The federal appeals court in Manhattan today said the government may pursue insider-trading charges under a newer securities-fraud law not subject to a key requirement of the statute prosecutors traditionally use. Photographer: Andrew Harrer/Bloomberg via Getty Images The SEC warned GE late last month that it plans to bring an enforcement action over the company's handling of an insurance portfolio, a filing on Tuesday revealed. GE had previously said the SEC was investigating staggering insurance losses of $6.2 billion. Load...
    A woman had to have her hip, leg and pelvis amputated because an insurance company delayed an MRI that later uncovered cancer by over a month, new court papers allege. Kathleen Valentini was told to get the MRI by a doctor Feb. 4, 2019, because of debilitating pain in her right hip that caused her to limp, a Manhattan Supreme Court lawsuit says. But insurance company Group Health Incorporated and the claim reviewing company eviCore said the procedure was “not medically necessary” when they overruled the doctor’s recommendation Feb. 16, 2019, the suit from Tuesday alleges. Instead, the insurance company said Valentini should receive six weeks of physical therapy first — despite the fact that she had just completed weeks of physical therapy that didn’t improve her pain and that “GHI had approved and paid for,” the court papers claim. “The insurance company and its utilization review lapdog had...
    A woman had to have her hip, leg and pelvis amputated because an insurance company delayed an MRI that later uncovered cancer by over a month, new court papers allege. Kathleen Valentini was told to get the MRI by a doctor Feb. 4, 2019, because of debilitating pain in her right hip that caused her to limp, a Manhattan Supreme Court lawsuit says. But insurance company Group Health Incorporated and the claim reviewing company eviCore said the procedure was “not medically necessary” when they overruled the doctor’s recommendation Feb. 16, 2019, the suit from Tuesday alleges. Instead, the insurance company said Valentini should receive six weeks of physical therapy first — despite the fact that she had just completed weeks of physical therapy that didn’t improve her pain and that “GHI had approved and paid for,” the court papers claim. “The insurance company and its utilization review lapdog had not...
    Premier League odds, Prince-Wright’s picks: Week 4 40 Great Gifts for Men That You Can Unearth on Amazon What is homeowners insurance and how does it work? If you want to choose the best homeowners insurance policy, you need to understand what you're getting. By doing some research, you will be able to buy a policy with confidence that you're making the right choice for you and your home. © Taiyou Nomachi/Getty Images Asian single mother with her two children in the kitchen, showing them how to bake a cake. What is homeowners insurance?Homeowners insurance is financial protection that you purchase from an insurance provider. It helps pay for damages if a disaster affects your home. A standard insurance policy protects you in a variety of ways: Home's structure and belongings: Home insurance protects the structure of a home as well as any belongings in the...
    Milans Ibrahimovic contracts COVID-19 This suburban Minneapolis estate is one of the most expensive homes for sale in America Don’t let common property title issues derail your home closing A new home becomes part of your life's story - but the home you're buying has its own story, and it may have left off on a cliffhanger. © romakoma/Shutterstock Two homes with adjacent driveways and landscaping Unresolved issues with a home's title can create major setbacks when the property is bought or sold. Unpaid debts, divorce, property line disputes or even a typo in the property's records can make it unclear who legally owns the home. These issues need to be resolved before a seller can transfer ownership of their home to a buyer. Load Error Here are some things to look out for, and what happens if an issue pops up.Common title issuesThere are a number of...
    Already reeling from the economic crash caused by the coronavirus, hundreds of U.S. companies say insurers are wrongly declining to honor policies they believed would help them weather unforeseen events, including the pandemic.  Roughly 1,100 suits have been filed against insurers since the public health crisis, mostly over disputes involving so-called business continuity, or "interruption," insurance, said Robert Hartwig, a professor at the University of South Carolina's Darla Moore School of Business. Such policies are designed to cover losses when an enterprise must temporarily shut down some or all of its operations, as companies were forced to do en masse earlier this year. Retailer Century 21, for example, blamed its insurer in announcing last month that the 60-year-old company would be closing for good. Century 21's owner said it would likely have been able to stay open, and perhaps saved thousands of jobs, had its insurers paid on the retailer's business interruption policy....
    SANTA ANA, Calif. (KABC) -- Dozens of furloughed workers employed by a food service company at John Wayne Airport protested outside the Orange County Board of Supervisors meeting Tuesday, upset to hear their employer was getting rent deferral.Bertha Saravia is a cancer survivor diagnosed with high blood pressure, asthma and Type 2 diabetes.Saravia worried about how she would cover her medical bills after hearing from her employer she would no longer receive health insurance benefits.1,150 more jobs lost as Virgin Atlantic completes COVID-19 rescue planEMBED More News Videos What are your rights if you're a furloughed worker? Here's what you can and cannot do. "I'm a cancer survivor for the last five years," Saravia said.Saravia was among the employees furloughed by a concessionaire at John Wayne Airport, HMSHost. She has worked at the pantry for 12 years. Saravia was one of 260 workers the company informed on June 4 that...
    The total cost of damages from the riots sparked by the death of George Floyd surpassed the cost of the 1992 Rodney King riots, according to estimates from insurance claims throughout the United States. The string of riots that followed Floyd's death from May 26 to June 8 are expected to cost between $1 billion and $2 billion, according to Axios. The protests took place throughout 140 U.S. cities, with some of the demonstrations devolving into violent riots filled with vandalism, arson, and looting. This year's riots surpassed the destruction that took place in 1992 in Los Angeles between April 29 and May 4, following the acquittal of the officers who had beaten King. Those riots cost $775 million, or roughly $1.4 billion when adjusted for inflation. The data was released by Property Claim Services, a company that has tracked insurance claims following riots for decades. The...
    Skip Bayless tries to clarify Dak remarks 13 Party Themes To Make Your Kids Next Birthday The Best One Yet Cash Surrender Value Life insurance is a useful tool, but there may be times when you wish you could wave those premiums away and get some of your money back. Thankfully, some insurance policies do give you that option, although not all of them. When it comes to cash surrender life insurance, term life insurance does not offer any. However, whole life, permanent life, variable life and universal life all have cash value components. © FG Trade/Getty Images Some people wearing facemasks are on a laptop trying to figure out what to do with their life insurance policy. If you're wondering what the cash surrender value of life insurance is, then you've come to the right place. This article will take you through the definition of cash surrender value,...
    Century 21 Stores — a destination for bargain hunters looking for fat deals on designer dresses and shoes, cosmetics and housewares for nearly 60 years — has filed for Chapter 11 bankruptcy and is winding down its business, shutting all 13 stores across New York, New Jersey, Pennsylvania and Florida. In a statement, Century 21 said that the decision followed nonpayment by the company's insurance providers of approximately $175 million due under policies put in place to protect against losses stemming from business interruption. That insurance money helped it rebuild its flagship store, a magnet for locals and tourists in downtown Manhattan after it was damaged by the September 11 attacks, the New York-based company said. "We now have no viable alternative but to begin the closure of our beloved family business because our insurers, to whom we have paid significant premiums every year for protection against unforeseen circumstances like...
    By ANNE D'INNOCENZIO, AP Retail Writer NEW YORK (AP) — Century 21 Stores — a destination for bargain hunters looking for fat deals on designer dresses and shoes, cosmetics and housewares for nearly 60 years — has filed for Chapter 11 bankruptcy and is winding down its business, shutting all 13 stores across New York, New Jersey, Pennsylvania and Florida. Century 21 joins more than two dozen retailers who have filed for bankruptcy since the pandemic, which forced non-essential stores to temporarily close. In a statement, the New York-based company said that the decision followed nonpayment by the company’s insurance providers of approximately $175 million due under policies put in place to protect against losses stemming from business interruption. That insurance money helped it rebuild its flagship store, a magnet for locals and tourists in downtown Manhattan after it was damaged by the 9/11 attacks, the company said. “We now...
    Liquidation sales are under way at all 13 Century 21 stores after the company announced Thursday it filed for Chapter 11 bankruptcy protection. The impetus was a non-payment of approximately $175 million declined by the company's insurance provider as a direct result of losses during the COVID-19 pandemic, the company said in a press release. The off-price retail store in business for more than 60 years was left with "no viable alternative" to closing," the company's co-CEO Raymond Gindi said.  "While retailers across the board have suffered greatly due to COVID-19, and Century 21 is no exception," he said, "we are confident that had we received any meaningful portion of the insurance proceeds, we would have been able to save thousands of jobs and weather the storm, in hopes of another incredible recovery." Century 21 will be removing a lawsuit pending in New York against a handful of insurance providers who...
    Liquidation sales are under way at all 13 Century 21 stores after the company announced Thursday it filed for Chapter 11 bankruptcy protection. The impetus was a non-payment of approximately $175 million declined by the company's insurance provider as a direct result of losses during the COVID-19 pandemic, the company said in a press release. The off-price retail store in business for more than 60 years was left with "no viable alternative" to closing," the company's co-CEO Raymond Gindi said.  Century 21 has four New Jersey locations: East Rutherford, American Dream Mall Morristown, 1 North Park Pl. Paramus, Bergen Town Center Elizabeth, Jersey Gardens "While retailers across the board have suffered greatly due to COVID-19, and Century 21 is no exception," he said, "we are confident that had we received any meaningful portion of the insurance proceeds, we would have been able to save thousands of jobs and weather...
    NEW YORK -- Century 21 Stores - a destination for bargain hunters looking for fat deals on designer dresses and shoes, cosmetics and housewares for nearly 60 years - has filed for Chapter 11 bankruptcy and is winding down its business, shutting all 13 stores across New York, New Jersey, Pennsylvania and Florida.Century 21 joins more than two dozen retailers who have filed for bankruptcy since the pandemic which forced non-essential stores to temporarily close.In a statement, the New York-based company said that the decision followed nonpayment by the company's insurance providers of approximately $175 million due under policies put in place to protect against losses stemming from business interruption. That insurance money helped it rebuild its flagship store, a magnet for locals and tourists in downtown Manhattan after it was damaged by the 9/11 attacks, the company said.RELATED | These Black-owned businesses look to each other to survive coronavirus...
    NEW YORK (CBS/AP) – Century 21 Stores – a destination for bargain hunters looking for fat deals on designer dresses and shoes, cosmetics and housewares for nearly 60 years – has filed for Chapter 11 bankruptcy and is winding down its business, shutting all 13 stores across New York, New Jersey, Pennsylvania and Florida. The Philadelphia location at 821 Market St. is one of the largest in the Fashion District. Century 21 joins more than two dozen retailers who have filed for bankruptcy since the pandemic which forced non-essential stores to temporarily close. In a statement, the New York-based company said that the decision followed nonpayment by the company’s insurance providers of approximately $175 million due under policies put in place to protect against losses stemming from business interruption. That insurance money helped it rebuild its flagship store, a magnet for locals and tourists in downtown Manhattan after it was...
    Off-price clothing retailer Century 21 — whose massive stores have been a mecca for generations of fashion-minded bargain hunters — filed for bankruptcy on Thursday, blaming insurance companies that failed to pay up during the pandemic. Known for deeply discounted designer goods, the department store has been a retail anchor for decades in lower Manhattan,  where it rebuilt its store across the street from the World Trade Center after severe damage from the Sept. 11 terrorist attacks. Its 13 stores in New York, New Jersey, Pennsylvania and Florid a will begin holding going out of business sales. The company filed for Chapter 11 bankruptcy in federal court in Manhattan and it moved a lawsuit against its insurance companies to the bankruptcy court, the company said. “While insurance money helped us to rebuild after suffering the devastating impact of 9/11, we now have no viable alternative but to begin...
    NEW YORK – Century 21 Stores — a destination for bargain hunters looking for fat deals on designer dresses and shoes, cosmetics and housewares for nearly 60 years — has filed for Chapter 11 bankruptcy and is winding down its business, shutting all 13 stores across New York, New Jersey, Pennsylvania and Florida. Century 21 joins more than two dozen retailers who have filed for bankruptcy since the pandemic which forced non-essential stores to temporarily close. In a statement, the New York-based company said that the decision followed nonpayment by the company’s insurance providers of approximately $175 million due under policies put in place to protect against losses stemming from business interruption. That insurance money helped it rebuild its flagship store, a magnet for locals and tourists in downtown Manhattan after it was damaged by the 9/11 attacks, the company said. “We now have no viable alternative but to...
    SAN ANTONIO – Are you looking to make some extra cash by making local deliveries for food or other essentials? You may want to check your auto policy first. With many still working or learning from home, making deliveries may be an excellent way to make ends meet or help with extra cash. If you are not covered by your insurance policy to drive for work, and if the company you want to work for doesn’t have an insurance policy that covers its drivers, then you may end up paying for any damage if you get into an accident on the job. The Federal Trade Commission says many delivery and ridesharing companies do not cover costs for medical bills or car repairs if you get into an accident on the job. Many personal auto insurance policies also won’t cover the business use of your personal vehicle. Before applying to become...
    With the ambition to be a benchmark player in digital services, Atupri is opening up to crypto-currencies. The Swiss insurer now accepts payments made in Bitcoin and Ether. A first in Switzerland. The Swiss authorities aim to make the country a “crypto-nation”, that is to say an economy welcoming to blockchain and crypto-currency investors. And traditional businesses also have a role to play. Historical health insurer with 110 years of existence, Atupri is not a player in the crypto ecosystem. It remains open to these new digital assets nonetheless. The insurance company will thus take care of the payments in crypto-currencies. Bitcoin and Ether, solutions from a digital service provider The 200,000 clients of the Swiss insurer now have the possibility to make their payments in Bitcoin or in Ether, the electronic money of the Ethereum blockchain. This innovation allows Atupri to claim a pioneering...
    49ers put Tavon Austin on IR 6 Silent Symptoms of Colon Cancer You Might Be Missing Transamerica Life Insurance Review 2020 Transamerica was founded in 1904 with the idea that "financial security should be available to everyone." In 1999, Transamerica became part of Aegon N.V., an international financial organization. For the last 20 years, Transamerica and Aegon have served 13 million customers in the United States. © kohei_hara/Getty Images Asian father sits with his young son on his lap in the kitchen, working out his bills and finances. Transamerica offers a number of different investment and retirement products, including life insurance. The company has impressive financial strength ratings and was ranked in J.D. Power's 2018 U.S. Life Insurance Study. In this article, we're doing a deep dive into Transamerica's life insurance offerings so you can decide if this provider is the right choice for you and your family. Load...
    Metromile CEO Dan PrestonWinni Wintermeyer Ford is giving new car buyers a way to save money on insurance now that millions of Americans are working from home and driving less than they were before the coronavirus hit the U.S. The automaker said Thursday it is partnering with start-up insurer Metromile to give drivers easier access to the company's pay-per-mile insurance offering. When drivers sign up on Metromile's app or website, the odometer on their new Ford will immediately connect to Metromile's software, which will start tracking miles. Car insurers have faced controversy in the six months since Covid-19 forced offices around the country to close and put an end to live events and group gatherings. Major insurers said in April that they would start providing refunds, credits or rate cuts to customers because of the plunge in drive time, but a number of class-action lawsuits have been filed by consumers who...
    VACAVILLE (CBS13) — No home, no job, and no way to rebuild, a Vacaville couple is left scrambling to figure out how to move forward after their home was destroyed by the LNU Lightning Complex Fire. “Within a minute or two, there was a pounding on the door from the authorities. They said, “Gotta get out, gotta get out,” said Curt Hatton. Hatton and his wife Aree took one last look at their home and the sign above their front door which read, “no bad days.” They fled the fire, which in minutes, took over Gibson Canyon. “Two days later, just rolling embers,” said Curt Hatton. The place they called home for 20 years was now just ash and debris. “I don’t know how to explain it, it’s deep in my heart,” said Aree Hatton. READ: Protest Held After Vacaville Prisons Aren’ Evacuated During LNU Complex Fires The only bright spot...
    VACAVILLE (CBS13) – No home, no job, and no way to rebuild, a Vacaville couple is left scrambling to figure out how to move forward after their home was destroyed by the LNU Lightning Complex Fire. “Within a minute or two, there was a pounding on the door from the authorities. They said, “Gotta get out, gotta get out,” said Curt Hatton. Hatton and his wife Aree took one last look at their home and the sign above their front door which read, “no bad days.” They fled the fire, which in minutes, took over Gibson Canyon. “Two days later, just rolling embers,” said Curt Hatton. The place they called home for 20 years was now just ash and debris. “I don’t know how to explain it, it’s deep in my heart,” said Aree Hatton. READ: Protest Held After Vacaville Prisons Aren’ Evacuated During LNU Complex Fires The only bright spot...
    No. 18 Xfinity Series team penalized post-Daytona 30 Fall Wreaths Thatll Make Your Front Door the Prettiest One on the Block Mutual of Omaha Life Insurance Review 2020 Life insurance plays an important role in assuring your loved ones are financially taken care of if you pass away. Mutual of Omaha, one of the top life insurance providers, is based in Nebraska and has been around for over 100 years. The company started by offering health and accident insurance in 1909 and expanded into life insurance in 1926. Take a closer look at Mutual of Omaha life insurance to decide what product is best for you. © Nitat Termmee/Getty Images A father and son are looking at family photos on a laptop. Mutual of Omaha life insuranceMutual of Omaha is a full-service life insurance company selling your typical types of life insurance products. It's a mutual company, meaning all...
    A collaboration with Bitcoin Suisse According to the official statement, the health insurance company Atupri has partnered with Swiss Bitcoin, a regulated financial intermediary in Switzerland for all types of services related to cryptocurrencies. His 200,000 customers can now pay the insurance costs with Bitcoin (BTC) and Ether (ETH). By collaborating with Bitcoin Switzerland, Atupri does not own any crypto-assets per se, but simply receives Swiss francs once BTC or ETH is traded by Bitcoin Switzerland. Users can configure this new payment method with just a few clicks on the insurance website. For this service, Atupri does not apply any additional fees, only the transaction fees are the responsibility of the customer. “As digital pioneers in the healthcare industry, we anticipate social trends and deliver insurance solutions with long-term perspectives,” said Caroline Meli, Marketing and Sales Manager at Atupri. “Blockchain technology and the associated use...
    “According to the official statement, the health insurance company Atupri has partnered with Swiss Bitcoin, a regulated financial intermediary in Switzerland for all types of services related to cryptocurrencies. Its 200,000 customers can now pay the insurance costs with bitcoin (BTC) and ether (ETH). By collaborating with Bitcoin Switzerland, Atupri does not own any crypto-assets per se, but simply receives Swiss francs once BTC or ETH is traded by Bitcoin Switzerland. Users can configure this new payment method with just a few clicks on the insurance website. For this service, Atupri does not apply any additional fees, only the transaction fees are the responsibility of the customer. “ Article by Clement Wardzala to read on cryptoast.fr See also: atupri.ch/fr/cryptocurrency Previous articleStrasbourg – CryptoPinte at the Blue Moon
    Verily is bringing the hardware, software and data science to Coefficient, while Swiss Re has the distribution network and practical knowledge in the $20 billion stop-loss market. Swiss Re made a minority investment in Coefficient, and the North American CEO of Swiss Re Corporate Solutions is poised to join the new company’s board of directors. Verily is responsible for a suite of health gadgets, medical research and COVID-19 testing solutions, and it’s the company behind Project Baseline, a comprehensive four-year study into human health around the globe. To that end, Verily created a smart watch with electrocardiogram technology built-in. Once Coefficient Insurance finds its footing, Verily wants that smart watch and any other devices it builds to play a role in tracking employees’ health. “Over time, Coefficient plans to integrate Verily’s suite of health devices and tech-driven interventions for workers and dependents into its precision risk solution to improve health...
    Verily Life Sciences, the health care company owned by Alphabet, is getting into insurance, the company announced today. Verily is launching a new subsidiary for the effort called Coefficient Insurance Company, which will be backed by the commercial insurance unit of Swiss Re Group. Coefficient plans to offer stop-loss insurance. The explanation for stop-loss is a little technical, but it boils down to this: Employers that pay for employee health claims out of pocket buy stop-loss insurance. Once they hit the predetermined point of money they pay for their employees’ health, the stop-loss insurance company pays the rest. Historically, Verily has been a turbulent company Insurance is something of a departure for Verily. A previous project from the company is Project Baseline, a massive medical study to better understand the human body. Project Baseline is also the banner Verily has used for its COVID-19 screening website, which President...
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