insurance

nursing home

Rising Property Insurance Rates in Florida Forcing Nursing Homes to Close: Report

Florida's officials report that rising commercial property insurance prices have caused hundreds of nursing homes to close in the last five years.

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American Businessman Accused of Hiring Hitman to Kill His Wife for Massive Insurance Money Admits Funneling Millions to Lover's Business

American Businessman Accused of Hiring Hitman to Kill His Wife for Massive Insurance Money Admits Funneling Millions to Lover's Business

An American businessman is currently on trial in Jamaica for allegedly hiring a hitman to kill his wife to collect a massive life insurance payout.

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UK

UK: Record-Breaking Surge in Weather Damage Claims Leaves Home Insurers Reeling With £573 Million in Losses

Industry records show that storms and extreme rain caused a record £573 million ($715 million) in UK home insurance claims last year.

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Car Insurance Prices Keep Rising Without Any Immediate Signs of Relief

Car insurance prices are increasing at an alarming rate, and hundreds of thousands of drivers are expected to see a rate hike of nearly 20% this year.

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Annual Report Shows Vermont Has The Best Insurance Regulatory System

The annual Insurance Regulation Report Card determined the effectiveness of the states' insurance regulatory system. The report revealed that Vermont has the best insurance regulation, receiving an A+ grade.

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Vermont Ranks Low In Health Care Access Due To Over-Regulation

A recent study that focused in measuring health care openness and access ranked Vermont among the worst in the nation. Jared Rhoads, a research project manager with the Dartmouth Institute for Health Policy and one of the authors of the study, cited the state's over-regulation as one of the factors for the ranking.

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Insurance Group Advises Insurers To Consider Climate Risk More

Insurers should consider climate risk more, advised by the investment group.

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PCI On Getting More Mascular

The Property Casualty Insurers Association of America (PCI) is strengthening its adherance to its rules and policies.

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Next Insurance Raised $13 Million In Seed Funds

Next Insurance raised a seed fund of $13 million led by Zeev Ventures together with TLV Partners and Ribbit Capital. The fund will be used to help small businesses seek and get insurance online without any difficulty.

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Precautions and Solutions in Selling Business Assets

To secure assets from a company sale, there are two main things that one needs to do: make sure the business entity of the company is preferable for private assets protections and put the said assets in an adequate insurances and retirement accounts.

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Parker Conrad steps down as Zenefits CEO

Parker Conrad, co-founder and CEO of Zenefits steps down from his post as the company is under lots of pressure to meet its revenue projection. Besides that, the company also is under investigation for breaking few insurance regulations in at least seven different states.

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Evergrande Bought 50% of Great Eastern Life Assurance for Share 3.9 billion yuan to diversify into insurance

One of the largest property developers in China, Evergrande Real Estate Group Ltd., acquired 50 percent share from Great Eastern Life Assurance Co for 3.9 billion yuan, or $610 million, to get into the insurance industry.

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China’s Anbang insurance to acquire US insurer Fidelity & Guaranty Life in a $1.6 B deal

Anbang Insurance Group Co. Ltd., a China-based leading global insurance group, has agreed to buy U.S. annuities and life insurance provider Fidelity & Guaranty Life (FGL) for about $1.57 billion in cash.

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Entrepreneurs' Financial Checklist

Entrepreneurship is a big jump for someone to pursue rather than having the normal working hour. Besides focusing on the business aspect of the company, entrepreneurs also need to brush off in their financial apparatus as it will determine how well an entrepreneur could sustain his or her life. Hence, it is a wise decision for an entrepreneur to create a finance checklist for himself.

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Swiss Re to buy Guardian Financial Services for $2.45B

Switzerland reinsurer Swiss Re AG has decided to acquire the UK-based Guardian Financial Services from private equity (PE) firm Cinven for GBP 1.6 billion ($2.45bn). The acquisition will help in strengthening the British business of the unit.

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