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Obamacare payments to insurers to continue

Obamacare payments to insurers to continue

Key Obamacare subsidies to insurers will be paid this month, the White House confirmed to The Hill on Wednesday, one day before the deadline to make July’s cost-sharing reduction (CSR) payments. The administration has not made a commitment beyond this month. The payments help low-income people afford […]

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Philly fire department official charged with insurance fraud

Philly fire department official charged with insurance fraud

A 16-year veteran of the Philadelphia Fire Department (PFD), who was recognized as a high-ranking minority in the department, was charged with insurance fraud for allegedly torching a car. Yolanda Stallings, 43, formerly Executive Chief of Strategic Services of PFD, was charged with a series of crimes […]

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Chubb launches multi-line industry practice in North America

Chubb launches multi-line industry practice in North America

Chubb has launched a multi-line industry practice within its Major Accounts division, which will be focused on providing insurance products and solutions for best-in-class large risk transportation clients in the US and Canada. The transportation industry practice will offer a range of coverages and services to transportation […]

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Cruz health plan gets good HHS grades, poor reception by others

Cruz health plan gets good HHS grades, poor reception by others

Contradicting the opinion of most policy experts, a draft report from the Trump administration forecasts better enrollment and lower premiums for everyone who buys their own health insurance if a controversial amendment proposed by Sen. Ted Cruz of Texas were to become law. The draft surfaced just […]

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Prudential enters Indonesian life insurance market

Prudential enters Indonesian life insurance market

Prudential Financial announced that it has created a joint venture with CT Corp., a Jakart, Indonesia-based firm, to distribute life insurance products to the third most-populated Asian nation. According to a statement from Prudential, the agreement to create a multi-channel distribution strategy has been approved by Indonesian […]

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Wells to lead commercial insurance operations in Northeast, Mid-Atlantic

Wells to lead commercial insurance operations in Northeast, Mid-Atlantic

New Jersey-based Chubb has appointed Alexander Wells as regional manager for the Northeast and Mid-Atlantic regions of the its commercial insurance division. Besides New Jersey, Chubb’s brokerages offices in the Mid-Atlantic are in Maryland, Pennsylvania, Virginia and Washington, D.C. In the Northeast, it has offices in Massachusetts, […]

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GOP bill to revamp Obamacare loses more support

GOP bill to revamp Obamacare loses more support

Republicans face the prospect that their proposed health care plan will not make it to the Senate floor for a vote as two more GOP senators said they will not support the measure, putting in jeopardy one of President Trump’s top priorities. Hopes of a vote on […]

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N.Y. launches online re-license process for insurance agents

N.Y. launches online re-license process for insurance agents

New York regulators have launched an online application to speed up the re-licensing process for agents and brokers whose original licenses were expired for more than two years. According to the New York State Department of Financial Services (DFS), the online re-licensing application is available to property/casualty, […]

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Senate health bill still short on ‘yays’ but leaders vow vote next week

Senate health bill still short on ‘yays’ but leaders vow vote next week

  Senate Republican leaders Thursday released their revised bill to “repeal and replace” the Affordable Care Act, but they acknowledged that furious days of negotiation have not yet secured the 50 votes necessary to pass the measure over unanimous Democratic objections. Sen. John Cornyn (R-Texas) the No. […]

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Nursing homes move into the insurance business

Nursing homes move into the insurance business

Around the country, a handful of nursing home companies have begun selling their own private Medicare insurance policies, pledging close coordination and promising to give clinicians more authority to decide what treatments they will cover for each patient. These plans are recent additions to the Medicare Advantage […]

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