Posted in

Johnny Knoxville says the Jackass cast was once ‘uninsurable’

Johnny Knoxville knows that he’s lucky to be alive — and so does his insurance company. Asked if he is an insurance agent’s worst nightmare during a Vanity Fair lie detector interview, the fifty-two year old stunt performer and Jackass star attempted a lie: “No,” he said, before looking towards the lie detector operator. “Does that sound true?” After receiving a firm headshake, Knoxville fessed up. “Okay,” he admits. “You got me, I am.” Knoxville has sprained, torn and broken many body parts over the course of his career. Alongside the rest of the Jackass cast members, he spent years…
Posted in

EverQuote Announces Decision To Exit Health Insurance

Health Exit Will Drive Greater Strategic Focus and Improved Capital Utilization Company Announces Second Quarter 2023 Earnings Call CAMBRIDGE, Mass., July 06, 2023 (GLOBE NEWSWIRE) — EverQuote, Inc. (Nasdaq: EVER), a leading online insurance marketplace, today announced that it will exit its health insurance vertical, beginning June 30, 2023. The health insurance vertical includes EverQuote’s marketplace and direct to consumer agency (DTCA) serving the Medicare and “Under 65” health insurance market, and represented approximately 10% of the Company’s revenue in fiscal year 2022. “We are making the strategic decision to exit an area that requires significant capital investment and scale…
Posted in

How will AI affect the international private medical insurance market?

How will AI affect the international private medical insurance market? | Insurance Business America Life & Health How will AI affect the international private medical insurance market? AXA head speaks on bias and freeing workers from the ’80/20 rule’ Life & Health By Gia Snape Artificial intelligence (AI) and machine learning (ML) are rapidly transforming the global insurance landscape. But AI biases and data privacy risks pose a significant concern in the international private medical insurance (IPMI) industry. “AI can decide whether some claims are valid within seconds. This gives businesses within our industry the opportunity to both save costs…
Posted in

Judge temporarily blocks Major Adams from switching NYC retires to Medicare Advantage

A trial court judge has temporarily blocked Major Adams from switching retired city workers to a cost-cutting Medicare Advantage Plan. Manhattan Supreme Court Judge Lyle Frank granted a temporary restraining order Thursday that, until he issues a final ruling, prevents roughly 250,000 city retirees and their dependents from losing their current health insurance. The retirees who brought the lawsuit “have shown that numerous promises were made by the City to then New York City employees and future retirees” about their coverage, according to court documents. The court found a likelihood of it ultimately ruling in their favour, and that any…
Posted in

What is an Irrevocable Trust?

A trust is an estate planning tool that allows a person to control their assets during their lifetime and make provisions for incapacity and death. Many trusts are revocable, however, irrevocable trusts can be an incredibly useful way to plan for your future. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here). One thing you should know about irrevocable trusts is that, unlike revocable or living trusts, irrevocable trusts cannot be changed or amended. They are set in stone. A…
Posted in

Base Salary Increases, Social and Health Insurance Caps to Rise

While changes to the base salary (not to be confused with the minimum wage) generally only impact government workers, there are some changes to social and health insurance payments that foreign firms should be aware of. What’s changed? On November 11, 2022, the National Assembly approved a resolution to increase the base salary from July 1, 2023. This would see the base salary of government employees increase from VND 1,490,000 (US$63.25) to VND 1,800,000 (US$76.41) per month. This salary represents a 20.8 percent increase over the current base salary. This was codified in Decree No. 24/2023/ND-CP dated May 14, 2023.…
Posted in

French state to reduce the amount it contributes to your dental bills

France’s social security fund Assurance Maladie will directly refund less dental treatment in a bid to cut €500 million a year from its budget. Its share of dental bills will drop from the standard 70% to 60% from October 1. For people with top-up health insurance, that means their insurer will now cover 40% of treatment, up from 30%. Those providing this insurance, however, will likely pass on this extra cost to customers in the form of higher premiums, said Marie-Laure Dreyfuss, General Delegate of the Center Technique des Institutions de Prévoyance (CTIP). They are already set to invest half…
Posted in

With no room to raise taxes, where will Adams find the money for his pricey union deals?

Retired city workers are understandably upset the city is changing their health insurance, forcing them into a plan with less flexibility effective September. But they shouldn’t be surprised: Something had to give. Our retirees are getting off easy — so far. Mayor Eric Adams registered the new contract last week with healthcare provider Aetna to start administering the less-generous Medicare contract in the fall, overriding Comptroller Brad Lander’s objections. Thanks to a higher federal subsidy for the new Advantage plan, as well as stricter rules for specialty visits and the like, the city expects to save $600 million a year.…