INSURANCE NEWS
Cigna Announces Settlement With US on Claims it Overcharged Medicare Advantage
Health insurer Cigna Group says it has reached a settlement with the United States over claims it overcharged the government’s Medicare Advantage program by making it appear patients were more ill than they actually were. The settlement, reached on Friday, …
Freight Rates for Grain Exports via New Black Sea Corridor Fall Sharply, Ukraine Says
A new corridor allowing cargo vessels to carry Ukrainian grain and iron ore from Black Sea ports has significantly lowered freight rates and they are likely to fall further, Ukraine’s farm minister said on Monday. Kyiv launched what it calls …
Don’t Expect the Same Raise You Got Last Year: Surveys
Companies are trimming their budgets for merit raises next year, a sign of belt-tightening that could surprise some employees who had enjoyed two straight years of increases. US employers surveyed by Aon Plc, which compiles compensation data on more than …
Homeowners Unprepared for Non-Weather-Related Water Damage: Report
Homeowners lack preparedness for non-weather-related water damage, even though water damage ranks as the second most prevalent cause of insurance loss claims, according to The Hanover Insurance Group in a new report. Despite being a leading cause of homeowners’ claims, …
Many US Cities Vulnerable to Low Water Pressure Amid Wildfire Dangers
Hours before devastating fires scorched the historic town of Lahaina on Maui, Kyle Ellison labored to save his rental house in Kula, a rural mountain town 24 miles away, from a different blaze. As high winds whipped burning trees and …
Chipotle Sued After Manager Allegedly Ripped off an Employee`s Hijab at Kansas Location
A federal agency has sued the restaurant chain Chipotle, accusing it of religious harassment and retaliation after a manager at a Kansas location forcibly removed an employee`s hijab, a headscarf worn by some Muslim women. In a lawsuit filed Wednesday, …
Truck Crash in Illinois Kills Five and Forces an Evacuation
SPRINGFIELD, Ill. (AP) – Five people were killed and five were seriously injured after a truck overturned in central Illinois, causing a toxic substance to leak from its cargo and forcing the evacuation of hundreds of area residents, authorities said …
New York Drying Out After Soaking by Record Rainfall
New York City began drying out Saturday after being soaked by one of its wettest days in decades, as city dwellers dried out basements and traffic resumed on highways, railways and airports that were temporarily shuttered by Friday`s severe rainfall. …
Fire Destroys Jamie Wyeth Paintings, Damages Historic Buildings, in Maine
A fire destroyed several waterfront buildings in Maine, including an art gallery with several paintings by Jamie Wyeth and an illustration by his grandfather, N.C. Wyeth., the building`s owner said Friday. The original paintings and illustration, along with several signed …
Report: Pilot Error, Training Issues Factors in Alaska Crash That Killed Czech Billionaire
The probable cause of a heli-skiing crash in Alaska in 2021 that killed a Czech billionaire and four others was a failure by the pilot to adequately respond to whiteout conditions, a federal accident report concluded. The report from the …
Baltimore Archdiocese Files for Bankruptcy As State Ends Shield Against Old Claims
The Archdiocese of Baltimore announced Friday it filed for Chapter 11 bankruptcy reorganization days before a new state law goes into effect removing the statute of limitations on child sex abuse claims and allowing victims to sue their abusers decades …
Washington Asks Insurers to Expedite Approval Process for Debris Removal After Wildfires
Washington Insurance Commissioner Mike Kreidler sent a letter asking insurance companies and adjusters working with communities impacted by the Gray and Oregon Road fires to expedite the approval process for debris removal. Speeding up the process will help assure people …