The labor ministry plans to expand the scope of freelance workers eligible for workers’ accident compensation insurance to cover all industries in principle. A subcommittee of the Labor Policy Council, which advises the labor minister, held a meeting to discuss the plan Monday. The measure, which the ministry hopes to implement by autumn next year, … Read more
These maternity ward closures have disproportionately impacted California’s low-income and Latino populations as well as communities where access to maternal care is already limited. According to a CalMatters analysis of census tracts where closures have occurred, the median household income was about $12,000 less than in communities where maternity wards remain open. Case in point: … Read more
The Financial Services Agency plans to revoke major used car dealer Bigmotor’s registration as an insurance agent on Nov. 30 following revelations about its fraudulent auto insurance claims, financial services minister Shunichi Suzuki said Tuesday. The administrative penalty, the heaviest punishment against insurance agents, will be given to Bigmotor after hearing opinions from the company … Read more
NEW DELHI: Insurance companies have to keep a check on incidents of mis-selling, Insurance Ombudsman Delhi region Sunita Sharma said on Monday. Stressing that customers are the king and insurers are in existence because of customers, she said companies should avoid mis-selling products. Sharma, a former LIC MD, said usually companies engage customers till the … Read more
BY LEVI SUMAGAYSAY | CalMatters In September, Gov. Gavin Newsom issued an executive order for “prompt regulatory action” to address the plight of California homeowners facing availability and affordability problems in home and fire insurance. But at its present pace — and with doubts from consumers, lawmakers and insurers about the Department of Insurance’s proposals … Read more
By Anna Bahney | CNN Washington, DC — When Michael Monaghan, a real estate agent with Coldwell Banker Sellers Realty in northern California, got an offer for a home in Bayside at the seller’s $650,000 list price in September, he told the buyer’s agent that the buyer needed to start looking for insurance immediately. “I … Read more
The auto insurance industry in the U.S. is in trouble. Insurance companies are complaining about the rising costs of doing business. Because of this, as The Washington Post reports, drivers across the country are facing increasing premiums. Gen Z and Millenials Are Having Trouble Making Car Payments On Time Insurance companies don’t seem to want … Read more
Sompo Japan Insurance President Giichi Shirakawa will step down to take responsibility for the handling of a high-profile insurance fraud involving Bigmotor, the insurer’s parent company said Friday. The major Japanese insurer’s close relationship with Bigmotor — a used car dealership and repair chain — has come under scrutiny since the dealership chain was found … Read more
Japan’s Fair Trade Commission has launched an investigation into Bigmotor Co.’s business practices as the scandal-hit used car dealership and repair chain is suspected of infringing on the profits of subcontractors, sources familiar with the matter said Saturday. Bigmotor, embroiled in a scandal over excessive repair fees and auto insurance fraud, may have forced its … Read more
By Rebecca Blackwell and Laura Bargfeld | Associated Press HORSESHOE BEACH, Fla. — The worst of Hurricane Idalia left residents of a region of tight-knit communities trying to find places to live as they rebuild — if they decide it’s even worth it — and waiting potentially weeks for electricity to be restored after winds … Read more