Insurance bill advances in House
… set regulations for health insurance prior authorization.
The Labor … provision that prohibits health insurance companies from requiring a … would have required health insurance companies to give … making authority. The health insurance company will have five …
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Comments On McQuiston – Car Insurance Rates Skyrocket …
By MARK DEVOLDERLos Alamos
Mr. McQuiston passed along an article (link) he read in Forbes magazine dated August 2023 (updated December 2023).
The article indicated the following:
Drivers currently pay an average of $1,668 for their car insurance policy, according to the online insurance agency Insurify. New Mexico, Nevada and New Jersey are seeing the highest annual rate increases in 2024,...
Policybazaar’s business scope widens to reinsurance broking with composite licence
The IRDAI has granted in-principle approval to Policybazaar Insurance Brokers to upgrade its direct insurance broking licence (serving both life and general insurance) to a composite insurance broking licence.
A composite insurance broker can also sell reinsurance products besides general and life insurance...
Policybazaar’s business scope widens to reinsurance broking with composite licence
The IRDAI has granted in-principle approval to Policybazaar Insurance Brokers to upgrade its direct insurance broking licence (serving both life and general insurance) to a composite insurance broking licence.
A composite insurance broker can also sell reinsurance products besides general and life insurance...
Senate tax proposal includes property insurance relief as FL homeowners struggle with affordability
Democrats have been critical of GOP legislative priorities in the 2024 legislative session, saying they haven’t done enough to address the property insurance crisis in Florida.
But on Monday, the GOP-controlled Senate Finance and Tax committee unveiled a $900 million tax relief package (SB 7404) that includes a one-year exemption on taxes, fees, and assessments for residential property insurance...
FDA approved a drug to help people with food allergies. But it can cost thousands without insurance
JACKSONVILLE, Fla. – The Food and Drug Administration has approved a drug to help people with food allergies in the event they are accidentally exposed.It’s called Xolair, and it’s been used to treat asthma for two decades. Now, it has a new use.News4JAX spoke to a local mom Monday who said her 9-year-old daughter, Catherine, ended up in...
Senate unveils tax plan with insurance tax cut, sales tax holidays
Senate leaders have released a $900 million tax cut plan, incorporating some proposals from Gov. Ron DeSantis‘ budget recommendations to cut insurance premium taxes and increase an allowance for small businesses remitting sales taxes.
The bill (SB 7074) would exempt flood insurance policies enacted or renewed after July 1 from premium taxes for one year.
Insurance companies would also be required...
Expedite efforts to trace claimants to unpaid policies: IRDAI tells insurers
Discussion with insurers disclosed that one of the reasons for the rise in unclaimed amounts is cases of consumers being not traceable. Representational file image.
| Photo Credit: MOHD ARIF
Concerned over mounting unclaimed amounts of policyholders with the insurers, regulator IRDAI wants insurance companies to redouble efforts in tracing the rightful claimants, including roping in e-commerce portals to locate them,...
Expedite efforts to trace claimants to unpaid policies: IRDAI tells insurers
Discussion with insurers disclosed that one of the reasons for the rise in unclaimed amounts is cases of consumers being not traceable. Representational file image.
| Photo Credit: MOHD ARIF
Concerned over mounting unclaimed amounts of policyholders with the insurers, regulator IRDAI wants insurance companies to redouble efforts in tracing the rightful claimants, including roping in e-commerce portals to locate them,...
