• Insurance

    A Louisiana Health System Will Increase Insurance Fees of Employees With Unvaccinated Spouses

    Louisiana’s largest nonprofit health care provider will increase its employees’ insurance fees next year if their spouses or domestic partners are unvaccinated, the provider said. Ochsner Health said in a letter to its employees last month that it was adding the extra charge — about $200 a month, starting next year — for unvaccinated spouses and domestic partners who are covered by the company’s insurance plan. The letter said this move was an effort to “protect our entire Ochsner team, which includes employees, their families and the communities we serve.” Sign up for The Morning newsletter from the New York  

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  • Business Marketing

    6 ways to help increase retail sales

    Sales are the lifeblood of your retail business. A solid sales strategy can help you increase retail sales and drive more profits. Consider every step of the transaction: customer service, fulfilment and marketing. Improve the customer experience at any one of those steps, and you could make a big difference in your total sales. To help your retail business stand out, get creative. Read these six tips for increasing sales and driving engagement with your customers. 1. Create an energetic and inviting space Design your store with merchandising in mind to grab customers’ attention and draw them into your  

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  • Insurance

    New York individual health insurance plan rates to increase 3.7% in 2022

    Albany, N.Y. — New Yorkers with individual health insurance plans will see rates increase by an average of 3.7% in 2022, the state announced today. The rate changes will range from a low of -4.4% for Independent Health in Buffalo to a high of 9.7% for Healthfirst, an insurer in the New York City area. Here are 2022 rate changes for insurers that sell individual policies in Central New York: Excellus, 4.5%; Fidelis, -0.1%; CDPHP, 7%; MVP, 8.5%. About 264,000 New Yorkers are enrolled in individual plans. Another 900,000 New Yorkers are enrolled in small group plans, which cover employers  

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  • Home Insurance

    Citizens Insurance to increase number of home inspections; how will it impact rates and uninsurable properties? | Florida

    The State-run Citizens Property Insurance Corp plans to increase the number of annual home inspections it conducts from 5,205 in 2020 to 90,695 by 2025. The rationale for the proposal, according to the company, is to enable Citizen to set insurance policy rates and reduce the number of claims that customers file more accurately. According to a document detailing the proposal, and reported in the South Florida Sun Sentinel, the added inspections would focus on the age and condition of roofs, electrical systems, plumbing systems, air conditioning units and hurricane protection. Citizens Board of Governors will consider the proposal Wednesday. 

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  • Financial Analysis

    Recent Analysis of Consumer Financial Protection Bureau Data Shows Exponential Increase in Fintech and Crypto Complaints to CFPB | Insights

    Data intelligence company Morning Consult recently analyzed consumer complaints made to the Consumer Financial Protection Bureau (CFPB). The analysis showed that fintech and crypto-related complaints made by consumers to the CFPB “exploded” in early 2021 compared to the same period in 2020. Our clients should be aware that the sharp increase in fintech and crypto consumer complaints is well known within the CFPB and that fintech enforcement is key priority for the CFPB Office of Enforcement. The Office of Enforcement is already active in the fintech space and seeking new matters for investigation. Jurisdictional lines are just now being drawn  

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  • Business Accounting

    Three Ways Today’s Accounting Professionals Can Increase Their Value

    Founder and CEO of CPA Department, I share tips about growing and leading small businesses. getty Many accounting professionals spend significant time preparing financial statements, conducting audits and preparing tax returns. All of these activities look historically at transactions and focus on compliance requirements of the organization such as submitting financial statements to investors or filing prior year tax returns and paying taxes due. As the profession undergoes digital transformation, traditional roles and activities of accountants must necessarily change and transform, as well. PwC conducted a survey in 2017 of digitization’s impact on financial statement audits, which found that respondents  

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  • Unsecured Loans

    How to use a personal loan to increase your credit score

    You can use a personal loan to build credit and increase your credit score, but be sure to consider the ways that borrowing could also hurt it. (iStock) A personal loan can be a valuable financial tool to pay off debt. Whether it’s paying for an unexpected medical bill or consolidating high-interest debt, there are many possible uses for this type of unsecured loan. In addition to helping you cover unforeseen expenses, personal loans – in addition to an auto loan or student loans – can also impact your credit score. Here’s the catch, though — they can  

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  • Vehicle Insurance

    New bill could increase Florida drivers’ auto-insurance rates

    Rates in Florida could go up by as much as $300 a year if you carry the bare minimum of $10,000 for personal injury protection insurance. Governor Ron DeSantis could sign a bill requiring mandatory bodily injury starting at $25,000. That decision would mean your rates could go up 50{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} as early as January. John Gardner, who owns the Lee County Insurance Agency, pointed out that 26{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} of drivers on the road carry the minimum limits of bodily injury coverage. He said those who currently carry $25,000 in injury coverage may not see any increase in their rates. Gardner worries  

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