• Insurance

    Unvaccinated workers pay more for health insurance at some companies : NPR

    Passengers check bags for a Delta Air Lines, Inc. flight during the COVID-19 pandemic at Los Angeles International Airport. Patrick Fallon/AFP via Getty Images hide caption toggle caption Patrick Fallon/AFP via Getty Images Passengers check bags for a Delta Air Lines, Inc. flight during the COVID-19 pandemic at Los Angeles International Airport. Patrick Fallon/AFP via Getty Images As Covid cases surged over the summer, Delta Air Lines CEO Ed Bastian took action: Unvaccinated workers would have to pay an extra $200 a month for their health insurance, starting Nov. 1. It felt less onerous than the vaccine mandate imposed on  

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  • Business Analysts

    Johnson & Johnson will split into two companies to be more nimble

    Johnson & Johnson is peeling off a consumer health business that helped it become the world’s biggest healthcare products maker. The company said Friday that it will separate its segment that sells Band-Aids, Listerine and over-the-counter medicines such as Tylenol from its pharmaceutical and medical device businesses. Company leaders told analysts that the split, which will create another publicly traded company for the consumer health side, will make each business more nimble in adapting to its respective markets. Chief Executive Alex Gorsky said that although the company’s broad focus has worked in the past, the split addresses segments that “have  

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  • Home Insurance

    Insurance agents fear rising homeowners insurance as companies leave Louisiana

    NEW ORLEANS (WVUE) -Houma native Lauren Rohlfs says she still has damage to her mobile home, but with a cryptic answer from her Maison insurance agent, she’s fearful if she’ll ever receive the checks needed to get the work done. “I called to ask them if they’re canceling policies and she said ‘well, I’m not really supposed to answer those kinds of questions’… I’m still waiting for them to pay out my claim from Ida,” said Rohlfs. Rohlfs hopes she’s in a better position as she recently renewed, but in a release, Florida-based Fed Nat announced Maison will no longer  

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  • Home Insurance

    Hochul signs law preventing home insurance companies from discriminating against dog breeds

    ALBANY, N.Y. — Home insurance companies will no longer be able to deny or cancel coverage in New York based on the breed of the homeowner’s dog. On Saturday, Gov. Kathy Hochul signed legislation that prohibits insurers from canceling or refusing to issue or renew insurance because they deem the type of dog a higher liability risk. The bill also prevents insurance companies from imposing higher premiums for certain policies based on the dog’s breed. “To own a pet is a blessing and we owe it to the animals of New York to keep them safe and healthy,” Hochul said.  

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  • Insurance

    The Secret Lists of Dog Breeds Banned by Insurance Companies

    Redhead American pit bull terrier – Credit: nndanko – stock.adobe.com We may receive payment from affiliate links included within this content. Our affiliate partners do not influence our editorial opinions or analysis. To learn more, see our Advertiser Disclosure. When you get your next homeowners or renters insurance policy you may discover a very innocent-looking question: “Do you own a dog?” More from Rolling Stone It’s not a conversation starter. Many home insurance companies have actual, official lists of banned dog breeds that they file with state insurance departments. If one of these canines lives in your home, you could  

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  • Insurance

    Insurance Companies Are Trying Desperately to Stop Medicare Expansion in the Budget Reconciliation

    As Medicare Advantage continues to drive profits for the nation’s major health insurance companies, the industry is lobbying against a provision in the reconciliation bill that could save the government nearly $150 billion over the next decade on a much-needed expansion of the country’s Medicare program and prevent even more money from being funneled to private health insurance companies. Medicare Advantage — the privatized version of the national health insurance program for people over the age of sixty-five and people with disability status — has become a cash cow for private health insurers. As small- and medium-sized employers struggle to  

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  • Financial Analysis

    TRAVELERS COMPANIES, INC. – 10-Q – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

    The following is a discussion and analysis of the Company’s financial conditionand results of operations. FINANCIAL HIGHLIGHTS 2021 Third Quarter Consolidated Results of Operations •Net income of $662 million, or $2.65 per share basic and $2.62 per share diluted •Net earned premiums of $7.83 billion •Catastrophe losses of $501 million ($395 million after-tax) •Net unfavorable prior year reserve development of $56 million ($44 million after-tax) •Combined ratio of 98.6% •Net investment income of $771 million ($645 million after-tax) •Net realized investment gains of $8 million ($7 million after-tax) •Operating cash flows of $2.54 billion 

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  • Business News

    In struggle to fix supply chain, small businesses fear losing out to larger companies with more spending power

    mall businesses are hopeful that shipping bottlenecks may begin to ease after President Joe Biden announced an initiative in which the congested port of Los Angeles will run “24/7.” But owners and experts warn that the ports are just one part of the supply chain logjam. “With the holidays coming up, you might be wondering if gifts you plan to buy will arrive on time,” Biden said at a news conference Wednesday. “Today we have some good news. We’re going to help speed up the delivery of goods all across America. “Our goal is not only to get through this  

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