California may use penalties to pay for health insurance subsidies

Health insurance subsidies - money - dollar sign

Governor Gavin Newsom has proposed a tax penalty that would cover the Californian subsidy costs. Governor Gavin Newsom has proposed a new move to fund health insurance subsidies in the state. It would provide an estimated 850,000 Californians with assistance in paying their premiums. The goal is to assist people who make too much to qualify for federal aid but struggle to pay premiums. To be able to afford to provide the additional health insurance subsidies, the Democratic governor has proposed a tax penalty. This would be applied to Californians…

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Substance abuse and mental health insurance claims double in ten years

Mental health insurance claims - young woman stressed

Claims are more than twice what they were a decade ago and the increase is driven by young adults and teens. Substance abuse and mental health insurance claims have spiked over the last decade, more than doubling during that time, said a new report. Moreover, the driving force behind this staggering growth rate is young adults and teens. The report was published in May by FAIR Health, a nonprofit health care organization. The report showed that rates of anxiety and depression among Americans of all ages have been rising over…

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Grumpy Cat’s owner faces income loss risk without social media insurance

Social media insurance loss - Image of Grumpy Cat

In the absence of coverage for animal influencers, owners risk financial losses when their pets die. Following the death of Grumpy Cat, the lack of a niche social media insurance product for animal influencers has fallen into the spotlight. As a result, the popular meme cat’s owner is at risk of some major financial losses. Under the law, a pet – even a social media influencer – is comparable to any other possession. Grumpy Cat left a fun and beloved legacy behind, along with a business that had been highly…

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Georgia insurance commissioner indicted in alleged $2 million fraud case

Georgia Insurance Commissioner - Dangling money

The U.S. attorney’s office described the case and the allegations against Jim Beck. Earlier this week, the United States attorney’s office laid out what it called a $2 million fraud case which involves Georgia Insurance Commissioner Jim Beck. The commissioner’s attorney entered into negotiations regarding when and how Beck would turn himself in. The Georgia insurance commissioner is the target of a 38 count indictment. It accuses Beck of widespread fraud regarding work he did for the Georgia Underwriting Association (G.U.A.). The alleged fraudulent activities all occurred before Beck was…

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Yoga insurance rises in popularity as instructors seek to cover themselves

yoga insurance - Yoga Post - woman

Teachers are discovering that despite their best efforts to instruct safe practices, injuries can occur. Even the best instructors who underscore safe, accurate postures are looking into yoga insurance on a rapidly increasing basis. This industry niche is helping yoga teachers to make sure they’re covered when injuries happen. Despite instructors’ best efforts some students use asanas incorrectly or push themselves too far. Most reputable yoga instructors require their students to disclose medical conditions that could affect their safety in class. They will also pay close attention to their students…

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Insurance adjuster credits solid evacuation plan for saving the treasures in Notre Dame

Insurance adjustor - Notre Dame Cathedral, France

Experts estimate that 90 percent of the priceless artworks and relics from the cathedral were saved. A leading insurance adjuster Michel Honore has issued high praise to the Notre Dame cathedral evacuation plan and those who carried it out. He stated that it was because of this process and the cool-headedness of those who executed the contingency plan that about 90 percent of the cathedral’s relics, artwork and other treasures were saved. Despite the widespread damage from the heartbreaking fire in the 12th century cathedral, much was saved. Honore is…

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Notre Dame fire insurance is non-existent, but donations for repairs are high

Notre Dame Fire - Notre Dame Cathedral

The French State owned cathedral was self-insured as there isn’t coverage available for priceless artwork and structures. The devastating and heartbreaking Notre Dame fire was watched from around the world. Thoughts and prayers poured in to Paris expressing sympathy for the loss of so much of the historical and religious structure. At the same time, many were asking who would have to foot the bill to have it rebuilt. The cathedral was 856 years old at the time of the Notre Dame fire. It was irreplaceable unto itself but also…

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