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Keyword: insurance

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  • Dozens Died in California Wildfires. Why Is the State Forcing Insurance Companies To Ignore Risks?

    11/10/2020 3:31:59 PM PST · by nickcarraway · 9 replies
    Reason ^ | 11.10.2020 | Scott Shackford
    The state's insurance commissioner forbids the canceling of policies for homes in risky areas.California was besieged by wildfires all summer, torching more than 4 million acres of land, leaving thousands without homes and 31 dead. While wildfires are a common occurrence in the Golden State, 2020 is wrapping up to be the harshest in modern history, a result of a mix of climate change, poor forest management, and citizens' insistence on moving into wooded areas prone to fires. Unfortunately, California seems hellbent on prohibiting market solutions from fixing that third problem. The state's insurance commissioner has announced that the state...
  • Businesses Trying to Rebound After Unrest Face a Challenge: Not Enough Insurance

    11/09/2020 9:21:00 PM PST · by yesthatjallen · 10 replies
    NYT ^ | 11 09 2020 | Nellie Bowles
    Some activists have downplayed the damage to businesses from looting and arson in racial justice protests around the country. But some small entrepreneurs are struggling. SNIP It’s a prominent refrain these days from activists in the aftermath of arson and looting — businesses have insurance. Buildings can be repaired. Broken glass is a small price to pay in a movement for justice. One new book, called “In Defense of Looting,” for example, argued that looting is an essential tactic against a racist capitalist society, and a largely victimless crime — again, because stores will be made whole through insurance. The...
  • USAA Announces 3-Year, $50 Million Commitment to Advance Racial Equality

    10/18/2020 1:20:48 PM PDT · by Pining_4_TX · 86 replies ^ | 10/13/20 | USAA community manager
    USAA has committed $50 million to nonprofit organizations over the next three years to help improve racial equality and positively address the employment, educational and economic disparities that exist within communities of color and low-income military communities. The goal of our targeted contributions is to help close gaps across education and job training, employment and income disparity.
  • FBI whistleblower - Mueller and Weissman were out to “get Trump”

    09/25/2020 1:26:46 PM PDT · by Starman417 · 38 replies
    Flopping Aces ^ | 09-25-20 | DrJohn
    Nancy Pelosi is now out there spitting out all sorts of gibberish and horse manure, which means something big us up and she is desperately trying to steer attention away from it. This is what that is. In the release of an explosive document based on interviews with an FBI agent we learn that Robert Mueller and his team were not interested in evidence- because they had none- but were interested in trying to "get Trump." Now this is nothing new for a lot of us because we'd said this from the beginning but it sure is nice to have...
  • Did FBI employees admit to insurance fraud?

    09/26/2020 5:05:47 AM PDT · by MtnClimber · 70 replies
    American Thinker ^ | 26 Sep, 2020 | Andrea Widburg
    On Thursday, in his continued effort to get his case dismissed, Michael Flynn filed a third brief supporting the original dismissal claim. This made waves because it included texts between FBI analysts in which they admitted that they knew the investigation against Michael Flynn was unfounded and driven by partisan animus. The text messages might have revealed more than that: One texter confessed that those involved bought professional liability insurance after becoming afraid that news might leak about their conduct. They might have committed insurance fraud if they didn’t let the insurance companies know they had already committed wrongful acts....
  • ‘Trump Was Right’: Explosive New FBI Texts Detail Internal Furor Over Handling Of ‘Crossfire Hurricane’ Investigation

    09/24/2020 2:20:10 PM PDT · by CFW · 71 replies
    The Federalist ^ | 9/24/2020 | Sean Davis and Mollie Hemingway
    Federal Bureau of Investigation (FBI) agents tasked by fired former Director James Comey to take down Donald Trump during and after the 2016 election were so concerned about the agency’s potentially illegal behavior that they purchased liability insurance to protect themselves less than two weeks before Trump was inaugurated president, previously hidden FBI text messages show.
  • Best CCW insurance

    09/24/2020 10:53:37 AM PDT · by TermLimits4All · 23 replies
    9-24-2020 | Myself
    What are the CCW insurance companies you are subscribed to?
  • HANDOUCH! Woman who deliberately SAWED OFF her hand to claim £925,000 in insurance scam is jailed for two years.

    09/17/2020 5:15:28 PM PDT · by L.A.Justice · 29 replies
    The Sun (US Edition) ^ | September 12, 2020 | Patrick Knox
    A YOUNG woman who deliberately sliced her hand off with a circular saw so she could claim a £925,000 insurance payout has been jailed. Julija Adlesic, 22, from Ljubljana, Slovenia, hatched a macabre plot with her boyfriend to chop off her left hand above the wrist — and then leave it at home when they went to the hospital so it could not be reattached.
  • Riots following George Floyd’s death may cost insurance companies up to $2B

    09/16/2020 7:15:10 AM PDT · by karpov · 35 replies
    New York Post ^ | September 16, 2020 | Noah Manskar
    Insurance companies could pay up to $2 billion in claims stemming from riots sparked by the police killing of George Floyd — making them the most expensive in US history, a new report says. The record-setting insured losses piled up as the demonstrations sometimes devolved into looting, arson and vandalism in 20 states across the country from May 26 to June 8, Axios reported Wednesday, citing figures from the Insurance Information Institute. “It’s not just happening in one city or state — it’s all over the country,” Loretta L. Worters, a spokeswoman for the industry group, told Axios. “And this...
  • No, insurance won't save the businesses destroyed by anti-police riots

    09/01/2020 6:02:20 AM PDT · by karpov · 34 replies
    Washington Examiner ^ | August 31, 2020 | Becket Adams
    No, you idiots, insurance will not even begin to cover the short- and long-term damage inflicted by riots in Portland, Kenosha, Chicago, and elsewhere. In fact, as business owners whose shops were destroyed or badly damaged during the Minneapolis riots are finding out, the cost of recovery is far greater than their insurance payouts. “Dozens of owners whose Twin Cities properties were severely damaged in the May riots have been stunned to discover that the money they would collect from their insurance company for demolition won’t come close to the actual costs of doing the job,” the Minneapolis Star Tribune...
  • After a Riot, Who Pays for The Damage?

    08/26/2020 6:15:21 PM PDT · by Libloather · 39 replies ^ | 2/26/20
    Riots erupt in the United States often in the wake of racial tensions created by police activities. Often beginning as peaceful protests, these demonstrations sometimes degenerate into violent riots where people and property suffer harm, leaving innocent people to pick up the pieces. **SNIP** Insurance The first entities that typically must pay for these injuries and damages are insurance companies. When a property owner suffers losses thanks to rioters, insurance policies will often cover the losses. Similarly, those injured on someone's property may be able to seek relief from the insurance company of the property owner. And, of course, the...
  • Union Says ‘Panicked’ Teachers Preparing ‘Living Wills, Life Insurance’ as Schools Open

    07/29/2020 6:05:32 AM PDT · by ChicagoConservative27 · 42 replies
    Breitbart ^ | 07/28/2020 | Dr Susan Berry
    The nation’s largest teachers’ union says many of its members are so anxious about returning to school that some are preparing with “living wills and life insurance.” According to NEA Today, the news outlet for the National Education Association (NEA), “anxious educators have a message for administrators and lawmakers: ‘We want to teach our students, but we don’t want to die doing it.’”
  • More than $500 Million Stolen From State of Maryland In Unemployment Fraud Scheme

    07/18/2020 1:38:04 PM PDT · by CheshireTheCat · 24 replies
    Big League Politics ^ | July 18, 2020 | Richard Moorehead
    Maryland Governor Larry Hogan announced that the state had discovered a “massive” unemployment fraud scheme, bilking the state’s unemployment insurance fund of more than $500 million dollars, and possibly stealing much more from other states across the country on Wednesday. Governor Hogan held a press conference to announce the discovery of the fraud ring by the state. The organized fraudsters allegedly used information stolen from the state from previous data briefs to impersonate the identity of tens of thousands of people, filing 47,500 fraudulent unemployment insurance claims. The state currently believes that approximately $501 million in unemployment insurance benefits were...
  • Medicare Questions

    07/07/2020 7:58:06 PM PDT · by metmom · 63 replies
    July 7, 2020
    This past May I turned 65 and HAD to go on Medicare. I'm curious about other people's experiences with it. I hate it, myself. Our primary insurance that was mr. mm's from work is now allegedly the secondary insurance, and our rates for that insurance went down, but I am getting nailed to the wall with prescription expenses. Some of the meds I am on for my Mast Cell Disorder are ridiculously expensive and even with the so-called co-pays, would bankrupt us because of the coverage gap. I have medicare Part B and D but I have no way of...
  • Mystery of $2 Billion of loans backed by fake gold in China; More than a dozen Chinese financial institutions loaned billions to Wuhan Kingold Jewelry with pure gold as collateral and insurance policies to cover any losses.

    06/29/2020 10:07:55 AM PDT · by SeekAndFind · 27 replies
    Nikkei Asian Review ^ | 06/29/2020 | WU YUJIAN, WU HONGYURAN, BAI YUJIE and HAN WEI, Caixin
    More than a dozen Chinese financial institutions, mainly trust companies, loaned 20 billion yuan ($2.8 billion) over the past five years to Wuhan Kingold Jewelry Inc. with pure gold as collateral and insurance policies to cover any losses. Kingold is the largest privately owned gold processor in central China's Hubei province. Its shares are listed on the Nasdaq stock exchange in New York. The company is led by Chairman Jia Zhihong, an intimidating ex-military man who is the controlling shareholder. What could go wrong? Well, plenty, as at least some of 83 tons of gold bars used as collateral turned...
  • Minneapolis Restaurant Owners Encouraged Violence... Including Against Their Own Business

    05/31/2020 7:47:00 AM PDT · by rktman · 35 replies ^ | 5/30/2020 | Beth Baumann
    The Bangladeshi-Indian restaurant, Gandhi Mahal, in Minneapolis' 3rd Precinct was burned to the ground during riots that ravaged the city Thursday night into Friday morning. The restaurant sat in the epicenter of where America's riots began following the death of George Floyd. In fact, 18-year-old Hafsa Islam, the restaurant owner's daughter, saw Floyd being arrested while she was making a Door Dash delivery. She learned later in the day that Floyd had died. Hafsa was originally upset with the fact that her family's business – and main source of income – was lost until she heard her father say, "Let...
  • Portland Chef Naomi Pomeroy Sues Insurer for Denying Coverage of Losses During the Pandemic

    05/14/2020 9:18:56 AM PDT · by nwrep · 42 replies
    Williamette Week ^ | May 13, 2020 | Tess Riski
    Naomi Pomeroy, the award-winning chef and owner of Northeast Portland restaurant Beast, today filed a class action lawsuit demanding her insurer cover business losses related to COVID-19. The lawsuit, filed Wednesday in federal court, could set a precedent for thousands of businesses across the state—and possibly the country—that were denied insurance coverage for losses incurred when a pandemic shut down dining rooms. Many businesses, including Beast, had "business interruption" coverage through their insurance policies. But insurers across the nation have told policyholders that pandemic-related losses aren't covered. Beast, owned by Pomeroy, is now suing its insurance company, Berkley North...
  • Why are French Restaurants and Shops Burning Down?

    04/15/2020 5:27:02 PM PDT · by CheshireTheCat · 38 replies
    Right Wire Report ^ | April 15, 2020 | Blue Agent 007
    Here somewhere in a sleepy town in picturesque France, a new nefarious activity is occurring as a result of the Coronavirus “pandemic.” All of a sudden, restaurants and shops are coming up destroyed by fire. In the night from Saturday to Sunday (Right Wire Report reporter), a fire damaged three businesses located at the port in this sleepy town. Two restaurants in another part of the town were also affected....
  • Why Owning A Gun Is A Completely Rational Insurance Policy Against Danger

    04/08/2020 7:55:23 AM PDT · by Kaslin · 44 replies
    The Federalist ^ | April 8, 2020 | Timothy Hsiao
    Owning a gun is like keeping a spare tire in your trunk, a first aid kit at home, or an emergency savings account. We hope never to use them, but weÂ’re glad we have them The social and economic uncertainty surrounding the Wuhan coronavirus pandemic has Americans understandably concerned about their personal safety. In March 2020, the FBI reported the highest monthly number of firearms background checks ever recorded: 3,740,688. Compared to March of the previous year, Americans bought 1.1 million more guns in a single month. Ammunition is also flying off the shelves, with sales in some states increasing...
  • A fire at a Florida airport destroyed more than 3,500 rental cars

    04/05/2020 7:32:13 PM PDT · by BenLurkin · 80 replies
    CNN ^ | 04/05/2020 | Melissa Alonso
    A fire that spread through a grassy area of Southwest Florida International Airport has destroyed thousands of rental cars, fire department officials said. The blaze began Friday, spanned 15 acres and originally involved only 20 cars in the grassy rental car overflow area at the airport in Fort Myers, fire department officials said. But by the time it was extinguished, the flames had destroyed more than 3,500 rental cars, a Lee County Port Authority spokesperson told CNN affiliate WINK. Melinda Avni, Mitigation Specialist for Florida Forestry Service of Caloosahatchee, said authorities were called to put out the fire around 5...