Original source: http://www.mid.ms.gov/newsroom/pressreleases/2019/Pressrel091319.pdf
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Mississippi Insurance Department (09/13/19)
Mississippi Insurance Commissioner Mike Chaney accepted a 4 percent decrease in prices for State Farm house insurance providers. The speed decrease goes into effect Jan. 1, 2020, to get new companies and March 1, 2020, to get renewals. “That is the third speed reduction for State Farm homeowner prices in the previous four years,” said Chaney. “It is excellent news for customers that competition and market share continue to lead to lower rates” Person-to-person could be varied by premiums depending on the homeowners coverage and coverages that are selected. Customers with questions may contact their regional State Farm agent to discuss their situation…. Read More
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Original source: http://www.mid.ms.gov/newsroom/pressreleases/2019/Pressrel091319.pdf
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Mississippi Insurance Department (09/13/19)
Mississippi Insurance Commissioner Mike Chaney accepted a 4 percent decrease in prices for State Farm house insurance providers. The speed decrease goes into effect Jan. 1, 2020, to get new companies and March 1, 2020, to get renewals. “That is the third speed reduction for State Farm homeowner prices in the previous four years,” said Chaney. “It is excellent news for customers that competition and market share continue to lead to lower rates” Person-to-person could be varied by premiums depending on the homeowners coverage and coverages that are selected. Customers with questions may contact their regional State Farm agent to discuss their situation…. Read More
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Original source: https://www.wsj.com/articles/pg-e-strikes-11-billion-settlement-with-insurers-over-deadly-wildfires-11568383221
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Wall Street Journal (09/13/19) Sebastian, Dave
About Sept. 13, Pacific Gas & Electric Corp. (PG&E) attained an $11 billion settlement to resolve the majority of claims by insurance carriers from the 2017 Northern California wildfires and the 2018 Camp Fire. It would be the second resolution with major collections of wildfire claimants of the company. Back in June, PG&E agreed to pay $1 billion to compensate counties, more than a dozen California cities, and agencies including losses caused by fatal wildfires sparked by its equipment. The settlement involves roughly 85% of insurance subrogation claims against the business, allowing insurance companies to chase those deemed responsible. They’re based on insurer payouts with policy for wildfires to people and businesses. The settlement would be subject to the approval of the bankruptcy court overseeing PG&E’s Chapter 11 program, which provides $18 billion into wildfire victims, auto companies that have paid fire statements and towns, and other public entities that battled the blazes in 2017 and 2018. PG&E added it is continuing to work to resolve claims. As part of the statement, the $14 billion equity financing commitment was confirmed by PG&E for the Chapter 11 plan. Related Stories: Financial Times (subscription); CNBC; Reuters; CBS News; BestWire (subscription); Bloomberg… Read More
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Original source: https://www.wsj.com/articles/pg-e-strikes-11-billion-settlement-with-insurers-over-deadly-wildfires-11568383221
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Wall Street Journal (09/13/19) Sebastian, Dave
About Sept. 13, Pacific Gas & Electric Corp. (PG&E) attained an $11 billion settlement to resolve the majority of claims by insurance carriers from the 2017 Northern California wildfires and the 2018 Camp Fire. It would be the second resolution with major collections of wildfire claimants of the company. Back in June, PG&E agreed to pay $1 billion to compensate counties, more than a dozen California cities, and agencies including losses caused by fatal wildfires sparked by its equipment. The settlement involves roughly 85% of insurance subrogation claims against the business, allowing insurance companies to chase those deemed responsible. They’re based on insurer payouts with policy for wildfires to people and businesses. The settlement would be subject to the approval of the bankruptcy court overseeing PG&E’s Chapter 11 program, which provides $18 billion into wildfire victims, auto companies that have paid fire statements and towns, and other public entities that battled the blazes in 2017 and 2018. PG&E added it is continuing to work to resolve claims. As part of the statement, the $14 billion equity financing commitment was confirmed by PG&E for the Chapter 11 plan. Related Stories: Financial Times (subscription); CNBC; Reuters; CBS News; BestWire (subscription); Bloomberg… Read More
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Original source: https://www.tn.gov/commerce/news/2019/9/13/tennessee-consumers-must-be-wary-of-hurricane-related-price-gouging–scams.html
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Tennessee Department of Commerce and Insurance (09/13/19)
In the aftermath of Hurricane Dorian’s current landfall in North Carolina, Tennessee Attorney General Herbert H. Slatery III and the Tennessee Department of Commerce & Insurance (TDCI) are urging Tennessee consumers to be alert to potential cost, charity scams, and the sale of water-damaged vehicles. “While many Tennesseans reveal the’volunteer spirit’ by helping their friends and neighbors recover following a natural disaster, some unscrupulous individuals use the occasion of a tragedy to better themselves at others’ expense,” explained TDCI Interim Commissioner Carter Lawrence. “We are reminding Tennesseans to be wary of potential Hurricane Dorian scams at the months and weeks ahead and always report any illegal or suspicious action immediately to law enforcement authorities.” Any individual is required by law to disclose such history to the purchaser. Once titling that vehicle, the buyer will be given a vehicle title indicating the salvage history of the vehicle. Anyone attempting to purchase a car in the near future should try to get to the automobile history before purchasing, and must be on the lookout for indications of a flood automobile, such as a odor , damp carpets, or mud/silt beneath the chairs…. Read More
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Original source: https://www.tn.gov/commerce/news/2019/9/13/tennessee-consumers-must-be-wary-of-hurricane-related-price-gouging–scams.html
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Tennessee Department of Commerce and Insurance (09/13/19)
In the aftermath of Hurricane Dorian’s current landfall in North Carolina, Tennessee Attorney General Herbert H. Slatery III and the Tennessee Department of Commerce & Insurance (TDCI) are urging Tennessee consumers to be alert to potential cost, charity scams, and the sale of water-damaged vehicles. “While many Tennesseans reveal the’volunteer spirit’ by helping their friends and neighbors recover following a natural disaster, some unscrupulous individuals use the occasion of a tragedy to better themselves at others’ expense,” explained TDCI Interim Commissioner Carter Lawrence. “We are reminding Tennesseans to be wary of potential Hurricane Dorian scams at the months and weeks ahead and always report any illegal or suspicious action immediately to law enforcement authorities.” Any individual is required by law to disclose such history to the purchaser. Once titling that vehicle, the buyer will be given a vehicle title indicating the salvage history of the vehicle. Anyone attempting to purchase a car in the near future should try to get to the automobile history before purchasing, and must be on the lookout for indications of a flood automobile, such as a odor , damp carpets, or mud/silt beneath the chairs…. Read More
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Original source: http://insurance.ky.gov/ppc/Documents/Workerscomp.pdf
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Kentucky Department of Insurance (09/13/19)
The Kentucky Department of Insurance (DOI) announced the approval of this 2019 rate filing utilized to develop premiums for workers’ compensation coverage. For the 14th consecutive year, the filing indicates a general decrease in Kentucky’s decrease costs. A loss price is an average reimbursement for lost wages dependent on the degree of handicap, also medical benefit payments. DOI Commissioner Nancy Atkins features the decrease to the pro-growth leadership of the General Assembly and Governor Bevin, as well as, the continuing reduction of workplace injuries. “The general reduction demonstrates the effectiveness of HB 2 and also the devotion of Kentucky companies to worker safety,’ she says. “The Commonwealth is currently taking the necessary actions to improve investment and job development. The diminished claim figures continue to make Kentucky a appealing nation to conduct business.” According to the reduction costs figures filed in the 2019 rate filing, there is a normal reduction of 9 percent throughout the course codes utilized in Kentucky. Over the previous two years, the Department has declared more than a decrease in reduction costs Normally. The approved rate filing is effective Oct. 1…. Read More
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Original source: http://insurance.ky.gov/ppc/Documents/Workerscomp.pdf
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Kentucky Department of Insurance (09/13/19)
The Kentucky Department of Insurance (DOI) announced the approval of this 2019 rate filing utilized to develop premiums for workers’ compensation coverage. For the 14th consecutive year, the filing indicates a general decrease in Kentucky’s decrease costs. A loss price is an average reimbursement for lost wages dependent on the degree of handicap, also medical benefit payments. DOI Commissioner Nancy Atkins features the decrease to the pro-growth leadership of the General Assembly and Governor Bevin, as well as, the continuing reduction of workplace injuries. “The general reduction demonstrates the effectiveness of HB 2 and also the devotion of Kentucky companies to worker safety,’ she says. “The Commonwealth is currently taking the necessary actions to improve investment and job development. The diminished claim figures continue to make Kentucky a appealing nation to conduct business.” According to the reduction costs figures filed in the 2019 rate filing, there is a normal reduction of 9 percent throughout the course codes utilized in Kentucky. Over the previous two years, the Department has declared more than a decrease in reduction costs Normally. The approved rate filing is effective Oct. 1…. Read More
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Original source: https://www.courant.com/business/hc-biz-health-insurance-rates-approved-20190913-ahm4v6gi6nhjvpsgemyjruannu-story.html
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Read the launch from the Connecticut Insurance Department.
Hartford Courant (09/13/19) Singer, Stephen
Connecticut Insurance Commissioner Andrew Mais approved an average growth for individual health insurance programs of 3.7% from an ordinary petition of 7.9% for 2020 health insurance programs. He also accepted an average growth for small group programs of 9.2%, down from the requested average of about 12 percent. Mais says about $54 million will be saved by Connecticut customers. The decision has for health plans accessible the exchange rate increases asked. “I shall continue to work collaboratively with stakeholders in Connecticut’s health care system to discover methods to attain significant savings while continuing to encourage accessibility to a number of the greatest health care services in the nation,” he states. Rising health care costs for greater demand for services and prescription drugs can be currently contributing to the insurance costs, the section explains. Other factors cited by regulators include the reinstatement of their mandated health insurance tax, which accounted for about $53 million, or a mean of 3% in extra premium. … Read More
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Original source: https://www.courant.com/business/hc-biz-health-insurance-rates-approved-20190913-ahm4v6gi6nhjvpsgemyjruannu-story.html
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Read the launch from the Connecticut Insurance Department.
Hartford Courant (09/13/19) Singer, Stephen
Connecticut Insurance Commissioner Andrew Mais approved an average growth for individual health insurance programs of 3.7% from an ordinary petition of 7.9% for 2020 health insurance programs. He also accepted an average growth for small group programs of 9.2%, down from the requested average of about 12 percent. Mais says about $54 million will be saved by Connecticut customers. The decision has for health plans accessible the exchange rate increases asked. “I shall continue to work collaboratively with stakeholders in Connecticut’s health care system to discover methods to attain significant savings while continuing to encourage accessibility to a number of the greatest health care services in the nation,” he states. Rising health care costs for greater demand for services and prescription drugs can be currently contributing to the insurance costs, the section explains. Other factors cited by regulators include the reinstatement of their mandated health insurance tax, which accounted for about $53 million, or a mean of 3% in extra premium. … Read More
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Original source: https://www.abcfoxmontana.com/news/state/up-to-montanans-could-recoup-money-from-insurance-scheme/article_0c623a2c-1030-53aa-8fcb-92ee29b97eb1.html
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ABCMontana (09/14/19) Plank, Thomas
The Montana State Auditor’s Office recently declared up to 3,645 Montanans might be eligible to recoup cash from a short-term medical insurance plan that conducted in 2012-2016. The auditor’s office arrived with call centers, insurance companies, and people who utilized deceptive sales tactics to sell insurance policies to Montanans to a $284,500 settlement. Kyle Schmauch, communications director for the Montana State Auditor, says,”We obtained the names and addresses of those 3,600 people from business records,” although the auditor’s office is unsure how many of them were offered policies under false pretenses or with deceptive sales tactics. The auditor’s office sent letters to the potentially affected Montanans, that will have to reply by Nov. 9 to become eligible for the restitution obligations. “It will take at least a month, it might take up to a couple of weeks, but it’s going to be less than six months,” Schmauch states, adding that the timeframe will likely hinge on the number of people affected. He adds that the companies stopped doing business or and people had changed their business techniques…. Read More
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Original source: https://www.abcfoxmontana.com/news/state/up-to-montanans-could-recoup-money-from-insurance-scheme/article_0c623a2c-1030-53aa-8fcb-92ee29b97eb1.html
We search the web everyday to help you to realize to the need of getting a Property Damage Adjustment Consultant on your team. Take a few seconds to read this article we ran across.
ABCMontana (09/14/19) Plank, Thomas
The Montana State Auditor’s Office recently declared up to 3,645 Montanans might be eligible to recoup cash from a short-term medical insurance plan that conducted in 2012-2016. The auditor’s office arrived with call centers, insurance companies, and people who utilized deceptive sales tactics to sell insurance policies to Montanans to a $284,500 settlement. Kyle Schmauch, communications director for the Montana State Auditor, says,”We obtained the names and addresses of those 3,600 people from business records,” although the auditor’s office is unsure how many of them were offered policies under false pretenses or with deceptive sales tactics. The auditor’s office sent letters to the potentially affected Montanans, that will have to reply by Nov. 9 to become eligible for the restitution obligations. “It will take at least a month, it might take up to a couple of weeks, but it’s going to be less than six months,” Schmauch states, adding that the timeframe will likely hinge on the number of people affected. He adds that the companies stopped doing business or and people had changed their business techniques…. Read More
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Original source: https://www.arkansasonline.com/news/2019/sep/15/deal-sets-up-insurer-for-stakes-in-2-ma/
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Arkansas Democrat-Gazette (09/15/19) Davis, Andy
A proposed bargain today awaiting approval from the Arkansas Insurance Department would result in health insurance Anthem acquiring a stake in two of the three managed-care companies serving Arkansas Medicaid recipients. Anthem announced on June 6 that it had reached an agreement to buy Beacon Health Options, that possesses 16.67percent of Empower Healthcare Solutions, a provider-led entity, and offers administrative services to that provider. In a recent public hearing on the proposed purchase, Jay Wagner, an Anthem vice president and counsel, said that his company will have”limited capacity” to restrain Empower’s operations after the merger and has no plans to make any modifications to the company. Arkansas Insurance Department Deputy Commissioner Suzanne Tipton, that presided over the hearing, also stated the section”will approve this” based on the testimony and records supplied and Insurance Commissioner Allen Kerr’s inspection. Tipton expected the division to issue an official order of approval”over the next week”… Read More
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Original source: https://www.arkansasonline.com/news/2019/sep/15/deal-sets-up-insurer-for-stakes-in-2-ma/
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Arkansas Democrat-Gazette (09/15/19) Davis, Andy
A proposed bargain today awaiting approval from the Arkansas Insurance Department would result in health insurance Anthem acquiring a stake in two of the three managed-care companies serving Arkansas Medicaid recipients. Anthem announced on June 6 that it had reached an agreement to buy Beacon Health Options, that possesses 16.67percent of Empower Healthcare Solutions, a provider-led entity, and offers administrative services to that provider. In a recent public hearing on the proposed purchase, Jay Wagner, an Anthem vice president and counsel, said that his company will have”limited capacity” to restrain Empower’s operations after the merger and has no plans to make any modifications to the company. Arkansas Insurance Department Deputy Commissioner Suzanne Tipton, that presided over the hearing, also stated the section”will approve this” based on the testimony and records supplied and Insurance Commissioner Allen Kerr’s inspection. Tipton expected the division to issue an official order of approval”over the next week”… Read More
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Original source: https://www.washingtonpost.com/business/economy/purdue-pharma-drugmaker-accused-of-fueling-the-opioid-epidemic-files-for-bankruptcy/2019/09/15/dbba6ec6-d7f3-11e9-a688-303693fb4b0b_story.html
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Washington Post (09/15/19) Rowland, Christopher
Purdue Pharma, blamed for spurring the nation’s opioid outbreak during sales of its own pain medication OxyContin, filed for bankruptcy on Sept. 15. The move is part of a settlement with tens of a large number of litigants, likely to be accompanied by disputes over how to split the proceeds. Have enticed of tapping billions of dollars out of the funds of the company over the past decade, the family. Under the newly announced settlement, 24 states and more than authorities plaintiffs agreed to the dissolution of the company and also a contribution. The settlement doesn’t include any admission of wrongdoing and could reorganize Purdue to a trust that could continue to produce OxyContin, along with reverse”rescue'” medications which will be distributed free of cost to communities nationwide. Lawsuits are also pending against manufacturers of vendors as well as the generic version of OxyContin and retail pharmacy chains. … Read More
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Original source: https://www.washingtonpost.com/business/economy/purdue-pharma-drugmaker-accused-of-fueling-the-opioid-epidemic-files-for-bankruptcy/2019/09/15/dbba6ec6-d7f3-11e9-a688-303693fb4b0b_story.html
We search the net everyday to guide you to relate to the importance of having a Property Damage Adjustment Consultant on your team. Look at this web post we located.
Washington Post (09/15/19) Rowland, Christopher
Purdue Pharma, blamed for spurring the nation’s opioid outbreak during sales of its own pain medication OxyContin, filed for bankruptcy on Sept. 15. The move is part of a settlement with tens of a large number of litigants, likely to be accompanied by disputes over how to split the proceeds. Have enticed of tapping billions of dollars out of the funds of the company over the past decade, the family. Under the newly announced settlement, 24 states and more than authorities plaintiffs agreed to the dissolution of the company and also a contribution. The settlement doesn’t include any admission of wrongdoing and could reorganize Purdue to a trust that could continue to produce OxyContin, along with reverse”rescue'” medications which will be distributed free of cost to communities nationwide. Lawsuits are also pending against manufacturers of vendors as well as the generic version of OxyContin and retail pharmacy chains. … Read More
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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/ghighlmRcr8/
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Merlin Law Group cares about insurance consumers’ interests. Insurance company attorneys care about their gains and profits for their insurers. I said in David Berardinelli turned into a Policyholder Advocate, I would be finishing a novel with ForbesBooks regarding insurance policyholders Payup, and this particular book! , is going to be released this November.
. … Read More
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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/ghighlmRcr8/
We run around the net everyday to make you to relate to the idea of keeping a Property Damage Adjustment Consultant on your team. Take a look at this article we just found.
Merlin Law Group cares about insurance consumers’ interests. Insurance company attorneys care about their gains and profits for their insurers. I said in David Berardinelli turned into a Policyholder Advocate, I would be finishing a novel with ForbesBooks regarding insurance policyholders Payup, and this particular book! , is going to be released this November.
. … Read More
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Original source: https://www.apnews.com/2e4cfc57460d47bc8a5282a8b5656493
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Associated Press (09/14/19)
The Illinois Department of Insurance says residents have managed to accumulate more than $15 million from lost or unclaimed life insurance policies this year. Insurance Director Robert Muriel says about 25% of life insurance policies are not paid to beneficiaries since family members don’t know about the coverage or do not have the necessary paperwork. He adds that citizens can get help finding insurance policies issued to a deceased family member by filing a request on line . Muriel explains insurance companies are legally necessary to attempt to locate the beneficiaries of someone, but can get support. Related Stories: Chicago Defender; Edge ; The Lane Report; GCN… Read More
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Original source: https://www.apnews.com/2e4cfc57460d47bc8a5282a8b5656493
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Associated Press (09/14/19)
The Illinois Department of Insurance says residents have managed to accumulate more than $15 million from lost or unclaimed life insurance policies this year. Insurance Director Robert Muriel says about 25% of life insurance policies are not paid to beneficiaries since family members don’t know about the coverage or do not have the necessary paperwork. He adds that citizens can get help finding insurance policies issued to a deceased family member by filing a request on line . Muriel explains insurance companies are legally necessary to attempt to locate the beneficiaries of someone, but can get support. Related Stories: Chicago Defender; Edge ; The Lane Report; GCN… Read More
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