• August 23, 2021

Which life insurance companies cover which customers

New York life insurance firm wilson has agreed to pay $8.5 million to settle charges of misleading insurance claims, the largest ever settlement in a federal fraud investigation, the Justice Department announced today.The settlement resolves the federal fraud charges brought by the Department of Justice and the U.S. Attorney’s Office for the Southern District of…

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Life insurance company paid $10M in settlement over false claims

Life insurance giant Paychex has agreed to pay $10 million to settle allegations that it was mis-reporting its life insurance policies to insurers and underpaying consumers, the company said in a statement Friday.The settlement is the latest in a string of lawsuits that have accused the company of misleading consumers about its life and disability…

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When the government stops providing life insurance coverage, it could mean the end of the American dream

It could mean a life of constant stress and anxiety.Or it could be a life with enough savings to buy a car or pay for a vacation.In a world where government can no longer pay for life insurance, it can mean a much different life.But that is exactly what is happening in a handful of…

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Alexa and Evy’s life insurance agent is fired after making racist comments

ALEXANDRIA, Va.— A life insurance company has fired an employee after he tweeted racist comments.Alexa and Evans have an extensive insurance policy that covers them if something goes wrong.But one of their policyholders recently got sick, and it cost them a large chunk of their life insurance.The woman, who was not identified, was told by…

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How to Get Out of a Crisis Without Getting Killed

The Westwood insurance company is on the run.In fact, the Westwood Insurance Agency is being sued by the family of one of its employees for wrongful death after his car was stolen from his home.The Westwood Agency has been plagued by lawsuits since it was formed in the early 1990s.In 2012, Westwood sued the family…

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Why the government needs to raise taxes on the rich

The US government should introduce a tax on the wealthy, and the idea is gaining traction among economists and policymakers.The Tax Foundation, a think tank, has a number of proposals, including levying a 25 per cent surcharge on all net worth, which would be passed on to the top 1 per cent of earners.But one…

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How to get coverage in the 2018-19 year

The 2018-2019 season is only two months away, and the odds are high that your health insurance policy won’t be in place until 2020.With that in mind, here are the best ways to get covered in the new year.1.Get covered before your deductible hits The 2018 tax year begins on January 1.If you haven’t filed…

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Why the U.S. could be in for a financial shock with its capital gains tax hike

The U.K. has already announced a new capital gains rate of 8.5%, but a U.C.V. tax on stocks would hit American investors hard.A new U.N. proposal on capital gains taxes will also raise the stakes for U.A.E. investors.U.H.I.C.’s Peter Smith reports.

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