Original source: https://www.wsj.com/articles/drug-prices-to-be-disclosed-in-tv-ads-soon-11557335295
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Wall Street Journal (05/08/19) Armour, Stephanie
Beneath a new Trump government rule — place to take effect this summer — drugmakers must incorporate list prices for drugs covered by Medicare or Medicaid in their tv advertisements. The rule aims to increase in costs. Drugmakers must incorporate the wholesale acquisition cost, or list price, if it is equivalent to or greater than $35 for a month’s supply, and have to place the listing price at the close of the ad in a way that it can be viewed clearly. In 2017, over $5.5 billion has been spent prescription-drug advertising, including nearly $4.2 billion on TV ads. Drugmakers say providing the listing cost would confound and mislead customers who might think they must pay more than they actually would. List prices are higher than what customers pay for drugs. The government argues that list prices matter to individuals, particularly consumers. Related Stories: Associated Press; Financial Times (subscription)… Read More
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Original source: https://www.wsj.com/articles/drug-prices-to-be-disclosed-in-tv-ads-soon-11557335295
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Wall Street Journal (05/08/19) Armour, Stephanie
Beneath a new Trump government rule — place to take effect this summer — drugmakers must incorporate list prices for drugs covered by Medicare or Medicaid in their tv advertisements. The rule aims to increase in costs. Drugmakers must incorporate the wholesale acquisition cost, or list price, if it is equivalent to or greater than $35 for a month’s supply, and have to place the listing price at the close of the ad in a way that it can be viewed clearly. In 2017, over $5.5 billion has been spent prescription-drug advertising, including nearly $4.2 billion on TV ads. Drugmakers say providing the listing cost would confound and mislead customers who might think they must pay more than they actually would. List prices are higher than what customers pay for drugs. The government argues that list prices matter to individuals, particularly consumers. Related Stories: Associated Press; Financial Times (subscription)… Read More
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Original source: http://www.insurance.ca.gov/0400-news/0100-press-releases/2019/release039-19.cfm
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California Department of Insurance (05/07/19)
Psychologist Danita Stewart of Chatsworth and Dr. Catalino Dureza of La Quinta were Billed for allegedly submitting fraudulent insurance claims Including Medical Legal Tests in an attempt to steal tens of thousands of Bucks from multiple insurers.
“Workers’ compensation insurance fraud is now a multibillion dollar drain on our nation’s economy,” said Insurance Commissioner Ricardo Lara. “It is essential that we work together with our partners in law enforcement to capture fraudsters like those that are leading to higher insurance premiums for all Californians.” 36 deceptive insurance claims were allegedly submitted by stewart between June 2015 and April 2015 to five insurance coverage for Medical Legal Evaluations for an amount of $90,714. Dureza had obtained the certification for Medical Evaluations to conduct and charge, however his certification lapsed. He continued to bill and run for Medical Legal Evaluations, and he had been recertified he charged and conducted for unauthorized Medical Legal Evaluations…. Read More
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Original source: http://www.insurance.ca.gov/0400-news/0100-press-releases/2019/release039-19.cfm
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California Department of Insurance (05/07/19)
Psychologist Danita Stewart of Chatsworth and Dr. Catalino Dureza of La Quinta were Billed for allegedly submitting fraudulent insurance claims Including Medical Legal Tests in an attempt to steal tens of thousands of Bucks from multiple insurers.
“Workers’ compensation insurance fraud is now a multibillion dollar drain on our nation’s economy,” said Insurance Commissioner Ricardo Lara. “It is essential that we work together with our partners in law enforcement to capture fraudsters like those that are leading to higher insurance premiums for all Californians.” 36 deceptive insurance claims were allegedly submitted by stewart between June 2015 and April 2015 to five insurance coverage for Medical Legal Evaluations for an amount of $90,714. Dureza had obtained the certification for Medical Evaluations to conduct and charge, however his certification lapsed. He continued to bill and run for Medical Legal Evaluations, and he had been recertified he charged and conducted for unauthorized Medical Legal Evaluations…. Read More
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Original source: https://www.myfloridacfo.com/sitePages/newsroom/pressRelease.aspx?id=5278
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Florida Department of Financial Services (05/08/19)
Together with President Donald J. Trump’s May 8 visit into the Panhandle, CFO Jimmy Patronis released the following announcement regarding the service Northwest Florida has received for Hurricane Michael recovery:”The Panhandle cannot be forgotten, and I understand President Trump will continue to struggle for this particular area. President Trump came down to find the devastation days after Michael, and I can’t thank him enough for his valuable support. We appreciate all he’s done and his dedication to helping Floridians who are struggling in the aftermath of a Category 5 hurricane. Leader Mitch McConnell has called by the Senate for passing an aid package earlier Memorial Day. Here is my message: this relief can’t arrive soon enough.”… Read More
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Original source: https://www.myfloridacfo.com/sitePages/newsroom/pressRelease.aspx?id=5278
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Florida Department of Financial Services (05/08/19)
Together with President Donald J. Trump’s May 8 visit into the Panhandle, CFO Jimmy Patronis released the following announcement regarding the service Northwest Florida has received for Hurricane Michael recovery:”The Panhandle cannot be forgotten, and I understand President Trump will continue to struggle for this particular area. President Trump came down to find the devastation days after Michael, and I can’t thank him enough for his valuable support. We appreciate all he’s done and his dedication to helping Floridians who are struggling in the aftermath of a Category 5 hurricane. Leader Mitch McConnell has called by the Senate for passing an aid package earlier Memorial Day. Here is my message: this relief can’t arrive soon enough.”… Read More
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Original source: https://www.tn.gov/commerce/news/2019/5/8/state-fire-marshal-s-office-promotes-may-as-building-safety-month–.html
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Tennessee Department of Commerce and Insurance (05/08/19)
Tennessee Gov. Bill Lee declared May 2019 as Building Safety Month to raise public awareness of the critical role construction codes perform in ensuring fire and life safety. The Tennessee State Fire Marshal’s Office (SFMO) is proud to combine Gov. Lee along with the International Code Council in boosting this Yearly campaign. “Our group of fire prevention specialists works closely with homebuilders, contractors, and other people in the construction industry to make sure Tennesseans are safeguarded by compliance with the construction standards that encourage public safety,” said State Fire Marshal and also Tennessee Commerce & Insurance (TDCI) Commissioner Julie Mix McPeak. “ensuring buildings have been constructed to code helps limit the risk of injury, death, and property damage.”… Read More
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Original source: https://www.tn.gov/commerce/news/2019/5/8/state-fire-marshal-s-office-promotes-may-as-building-safety-month–.html
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Tennessee Department of Commerce and Insurance (05/08/19)
Tennessee Gov. Bill Lee declared May 2019 as Building Safety Month to raise public awareness of the critical role construction codes perform in ensuring fire and life safety. The Tennessee State Fire Marshal’s Office (SFMO) is proud to combine Gov. Lee along with the International Code Council in boosting this Yearly campaign. “Our group of fire prevention specialists works closely with homebuilders, contractors, and other people in the construction industry to make sure Tennesseans are safeguarded by compliance with the construction standards that encourage public safety,” said State Fire Marshal and also Tennessee Commerce & Insurance (TDCI) Commissioner Julie Mix McPeak. “ensuring buildings have been constructed to code helps limit the risk of injury, death, and property damage.”… Read More
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Original source: https://www.wvinsurance.gov/Portals/0/pdf/Press%20Release%20-%20Teen%20Driving%20and%20Prom%20Season%205.19.pdf?ver=2019-05-08-152249-153
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West Virginia Offices of the Insurance Commissioner (05/08/19)
During prom and graduation year, teens are more likely to be involved in an auto accident than any other period of the year. Educating yourself and your driver about insurance consequences and the dangers of driving can save money and lives. Research suggests parents who set principles that are driving reduce the possibility of accidents in half. It’s necessary to speak openly about your expectations for behavior that is behind-the-wheel. A tool is a teenager driver contract. West Virginia Insurance Commissioner James Dodrill encourages parents and explore and their teenaged driver to produce the contract jointly. “This will provide young drivers a better comprehension of why it’s important to follow the rules about: curfews, number of passengers, mobile phones, being mindful of other drivers, and how good grades, accidents, and offenses affect insurance premiums,” Dodrill says…. Read More
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Original source: https://www.wvinsurance.gov/Portals/0/pdf/Press%20Release%20-%20Teen%20Driving%20and%20Prom%20Season%205.19.pdf?ver=2019-05-08-152249-153
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West Virginia Offices of the Insurance Commissioner (05/08/19)
During prom and graduation year, teens are more likely to be involved in an auto accident than any other period of the year. Educating yourself and your driver about insurance consequences and the dangers of driving can save money and lives. Research suggests parents who set principles that are driving reduce the possibility of accidents in half. It’s necessary to speak openly about your expectations for behavior that is behind-the-wheel. A tool is a teenager driver contract. West Virginia Insurance Commissioner James Dodrill encourages parents and explore and their teenaged driver to produce the contract jointly. “This will provide young drivers a better comprehension of why it’s important to follow the rules about: curfews, number of passengers, mobile phones, being mindful of other drivers, and how good grades, accidents, and offenses affect insurance premiums,” Dodrill says…. Read More
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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/BP_Qqe-hywE/
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When their insurance companies mistreat Oreganians, they can turn into the state authorities for support. Oregon’s Department of Financial Regulation has the ability to accept and investigate complaints from consumers. Filing a customer complaint can be done in the Division’s website and is an easy process. The website comprises a fillable form that…… Continue Reading
… Read More
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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/BP_Qqe-hywE/
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When their insurance companies mistreat Oreganians, they can turn into the state authorities for support. Oregon’s Department of Financial Regulation has the ability to accept and investigate complaints from consumers. Filing a customer complaint can be done in the Division’s website and is an easy process. The website comprises a fillable form that…… Continue Reading
… Read More
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Original source: https://www.wsj.com/articles/for-blackstone-insurance-is-next-big-push-on-route-to-1-trillion-asset-goal-11557312738
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Wall Street Journal (05/08/19) Gottfried, Miriam
Blackstone Group would like to turn its insurer into a grid, aiming to more than twice the $50 billion of fixed-annuity along with other insurance assets it manages over time. FGL Holdings Inc., the life-insurance company formerly called Fidelity and Guaranty Life, ” is in the middle of all Blackstone’s insurance plan. Blackstone puts a lot of the insurance policy money that is new to work in its real-estate debt industry and also in funds handled GSO Capital Partners, by its own credit department, and early results are promising. FGL’s investment yield jumped from 4.21percent in 2017 to 4.64% in 2018, although the danger rating on its investments as measured by the National Association of Insurance Commissioners stayed exactly the same, according to a April 5 FGL investor presentation. While critics at rival insurance companies and professors have argued that such vehicles are riskier than they may seem because they frequently blend riskier pieces of assets like financing obligations or mortgage-backed securities with safer ones, proponents state companies like FGL are more focused on risk management than many U.S. life insurers and are clear in their assets…. Read More
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Original source: https://www.wsj.com/articles/for-blackstone-insurance-is-next-big-push-on-route-to-1-trillion-asset-goal-11557312738
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Wall Street Journal (05/08/19) Gottfried, Miriam
Blackstone Group would like to turn its insurer into a grid, aiming to more than twice the $50 billion of fixed-annuity along with other insurance assets it manages over time. FGL Holdings Inc., the life-insurance company formerly called Fidelity and Guaranty Life, ” is in the middle of all Blackstone’s insurance plan. Blackstone puts a lot of the insurance policy money that is new to work in its real-estate debt industry and also in funds handled GSO Capital Partners, by its own credit department, and early results are promising. FGL’s investment yield jumped from 4.21percent in 2017 to 4.64% in 2018, although the danger rating on its investments as measured by the National Association of Insurance Commissioners stayed exactly the same, according to a April 5 FGL investor presentation. While critics at rival insurance companies and professors have argued that such vehicles are riskier than they may seem because they frequently blend riskier pieces of assets like financing obligations or mortgage-backed securities with safer ones, proponents state companies like FGL are more focused on risk management than many U.S. life insurers and are clear in their assets…. Read More
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Original source: https://www.clarionledger.com/story/news/politics/2019/05/08/car-insurance-costs-mississippi-jackson-high-rates/1128302001/
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Mississippi Clarion Ledger (05/08/19) Ramseth, Luke
Mississippi has the 16th-highest car insurance rates in the nation, with drivers paying almost $70 more per year compared to the nationwide average, according to a recent report by TheZebra.com. But, Insurance Commissioner Mike Chaney stated that statewide, rates should closely reflect the average noting that State Farm, Progressive, and other insurance businesses have asked the consent to decrease premiums of his office. “Competition and market share have turned around proposed rate increases by many businesses, such as State Farm,” Chaney said. “In addition, new technology used in cars and in driver instruction by insurance companies has driven down costs for customers.” However, he said prices are being increased by driving. “That has not gotten improved at all,” he said, even as insurance companies seek methods to induce drivers to avert it…. Read More
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Original source: https://www.clarionledger.com/story/news/politics/2019/05/08/car-insurance-costs-mississippi-jackson-high-rates/1128302001/
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Mississippi Clarion Ledger (05/08/19) Ramseth, Luke
Mississippi has the 16th-highest car insurance rates in the nation, with drivers paying almost $70 more per year compared to the nationwide average, according to a recent report by TheZebra.com. But, Insurance Commissioner Mike Chaney stated that statewide, rates should closely reflect the average noting that State Farm, Progressive, and other insurance businesses have asked the consent to decrease premiums of his office. “Competition and market share have turned around proposed rate increases by many businesses, such as State Farm,” Chaney said. “In addition, new technology used in cars and in driver instruction by insurance companies has driven down costs for customers.” However, he said prices are being increased by driving. “That has not gotten improved at all,” he said, even as insurance companies seek methods to induce drivers to avert it…. Read More
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Original source: https://kfor.com/2019/05/08/insurance-officials-encouraging-oklahomans-to-look-into-flood-insurance/
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KFOR.com (OK) (05/08/19) Querry, K.
Oklahoma officials encourage visitors to have a close look at their insurance policy as heavy rains persist. Oklahoma obtained 4.75 inches of rainfall on average in April, and it can be nearly 1.5 inches above standard. Officials with the Oklahoma Insurance Department warn that many homeowners and renters insurance policies don’t insure flood-related losses, which need coverage. The construction is typically covered by flood insurance, and another premium can be paid to coverage items inside the home…. Read More
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Original source: https://kfor.com/2019/05/08/insurance-officials-encouraging-oklahomans-to-look-into-flood-insurance/
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KFOR.com (OK) (05/08/19) Querry, K.
Oklahoma officials encourage visitors to have a close look at their insurance policy as heavy rains persist. Oklahoma obtained 4.75 inches of rainfall on average in April, and it can be nearly 1.5 inches above standard. Officials with the Oklahoma Insurance Department warn that many homeowners and renters insurance policies don’t insure flood-related losses, which need coverage. The construction is typically covered by flood insurance, and another premium can be paid to coverage items inside the home…. Read More
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Original source: https://insurance.maryland.gov/Pages/newscenter/NewsDetails.aspx?NR=2019221
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Maryland Insurance Administration (05/08/19)
The Federal Emergency Management Agency (FEMA) Region III, in partnership with the State of Maryland, hosted the Maryland Flood Insurance Partners Roundtable.
FEMA, the Maryland Emergency Management Agency, the Maryland Insurance Administration, and the Maryland Department of the Environment planned and coordinated the roundtable to bring together key stakeholders to talk about flood insurance and hazard. “Insurance provides the only best protection against danger, especially flooding,” stated Insurance Commissioner Al Redmer, Jr.”We continue to discuss insurance information daily with all the people of Maryland to assist them understand their risk and to safeguard themselves and their home.”… Read More
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Original source: https://insurance.maryland.gov/Pages/newscenter/NewsDetails.aspx?NR=2019221
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Maryland Insurance Administration (05/08/19)
The Federal Emergency Management Agency (FEMA) Region III, in partnership with the State of Maryland, hosted the Maryland Flood Insurance Partners Roundtable.
FEMA, the Maryland Emergency Management Agency, the Maryland Insurance Administration, and the Maryland Department of the Environment planned and coordinated the roundtable to bring together key stakeholders to talk about flood insurance and hazard. “Insurance provides the only best protection against danger, especially flooding,” stated Insurance Commissioner Al Redmer, Jr.”We continue to discuss insurance information daily with all the people of Maryland to assist them understand their risk and to safeguard themselves and their home.”… Read More
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