Above Photo: More than half of all directors sitting on the board of 30 major insurance companies analysed were linked to polluting industries. DeSmog. Analysis found links to Exxon, Koch Industries, and the US Chamber of Commerce, raising concerns about a potential “revolving door,” one campaigner said, between the insurance and fossil fuel industries. Just over half of all directors at 30 of the world’s largest insurance companies have affiliations to polluting companies and organisations, reveals an investigation by DeSmog, including several individuals holding senior roles at some of the world’s largest energy companies. The findings raise concerns over a potential […]
Insurance
17 posts
Ask your liberal friends about Danny Glover. They will say – superstar actor featured in the Lethal Weapon film series. Civil rights activist. Democracy Now regular. Supporter of Bernie Sanders for President and for single payer national health insurance. But ask older Americans who watch a lot of cable television about Danny Glover, and they will tell you about Danny Glover – paid actor for big pharma and the insurance industry. As it turns out, Glover is the civil rights face of corporate liberalism. I didn’t believe it when I first heard about it this week. But then, reality was just […]
US President Donald Trump said the FBI targeted him for a “coup” after newly released documents showed that federal agents bought liability insurance over fears their handling of the Trump-Russia probe could lead to legal trouble. The new documents were disclosed in a federal court filing on Thursday by Sidney Powell, defense attorney for former Trump adviser Michael Flynn. Seizing on the new release, the president ran a victory lap at a campaign rally in Florida, telling the crowd the FBI had been “caught” attempting a “coup.” “Today a trove of text messages was released from FBI agents involved in the […]
It could become the most costly damage in US history, surpassing those Los Angeles suffered in the 1992 riots after police officers were acquitted in the beating of black man Rodney King. Damage caused by violent protests only from 26 May to 8 June could cost US insurance companies from $1 billion to $2 billion, according to Property Claim Services (PCS), the insurance industry’s primary source for reporting on insured losses from catastrophes. PCS has collected US insurance claims history related to civil unrest since 1950 to learn that this year’s riots could be the most expensive, going far higher than the […]
José spent three months in the hospital being treated for COVID-19. “All of the nurses clapped for me as I was leaving the hospital,” he says. But now he faces a long recovery at home. Eddie Quiñones for NPR hide caption toggle caption Eddie Quiñones for NPR José spent three months in the hospital being treated for COVID-19. “All of the nurses clapped for me as I was leaving the hospital,” he says. But now he faces a long recovery at home. Eddie Quiñones for NPR In early August, José came home to the Chicago apartment he shares with his wife […]
Health Insurance And The COVID-19 shock By Josh Bivens and Ben Zipperer, EPI. August 30, 2020 Health Insurance And The COVID-19 shock2020-08-302020-08-30https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2017/09/healthcare-for-people-150×78.jpg200px200px Because the large majority of nonelderly U.S. households rely on employer-sponsored insurance (ESI) to pay for health care, any economic shock that destroys jobs also destroys access to health coverage. The COVID-19 crisis is one such shock, causing a near-total shutdown of huge swaths of the U.S. economy in March and April. While there was a large bounce back in job growth in May and June and, to a lesser extent, in July, the overall level of employment remains historically depressed relative […]
Crypto exchange Shakepay, which describes itself as “Canada’s fastest-growing bitcoin platform,” conducted a “proof-of-reserves” audit and acquired an insurance policy to reinforce its security, perhaps learning a lesson from fellow Canadian platforms QuadrigaCX, Einstein and Coinsquare, which all lost customer funds or have otherwise been involved in scandals over the past 20 months. The Montreal-based crypto exchange hired blockchain forensics firm CipherBlade to conduct a full audit of its reserves and security policies. To safeguard its customers’ funds, the exchange also tapped a third-party custodian and secured a specific insurance policy for its cold wallets through Aon, underwritten by insurers with […]
Data provider Chainlink will provide decentralized weather data for insurance startup Arbol, according to a blog shared with CoinDesk. Arbol provides crop insurance for small to medium-sized farmers or enterprises. Smart contracts pay claims to subscribers when a preset value – such as the average monthly temperature or rainfall – turns out different than the contract specifies, the firm said. Called parametric insurance, the financial derivative is often used in agriculture to hedge against future events, such as a bad harvest. Other firms, notably CME Group, also offer weather derivatives that require middlemen. Arbol insurance, on the other hand, self-executes using […]
Testing And Medical Insurance: A Profitable Disaster By Sara Founders, Workers.org. August 15, 2020 Testing And Medical Insurance: A Profitable Disaster2020-08-152020-08-15https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/08/covid-testiing081320-1080×720-e1597504225308.jpeg200px200px Above photo: Drive-through COVID-19 testing in Bergen County, N.J. These tests were a “partnership” of state government with Quest Diagnostics and Walmart stores hosting the sites. In the midst of a capitalist crash and an out-of-control health crisis, two mega-industries that bear a heavy burden of responsibility for the health disaster are reporting soaring profits. “The nation’s leading health insurers are experiencing an embarrassment of profits,” reported the New York Times Aug. 6. “Anthem, Humana and United Health Group second quarter earnings are […]
https://cdn1.img.sputniknews.com/img/104701/10/1047011096_0:285:5472:3363_1200x675_80_0_0_afbf4dbf15014d6dafad69ae062d132c.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202008031080049777-us-prosecutors-reveal-trump-financial-probe-may-include-bank-insurance-fraud/ Tropical Storm Isaias isn’t the only tempest bearing down on New York: court filings by state prosecutors on Monday revealed their investigation into the finances of US President Donald Trump includes probes into other possible financial crimes, such as insurance fraud and bank fraud, and not just hush money payments. In a new filing made at the US District Court for the Southern District of New York on Tuesday, Manhattan District Attorney Cyrus Vance Jr. argues Trump’s legal team is mistaken in claiming that their investigation into the president’s financial records is limited to […]
Evertas, an insurance provider focused on the cryptocurrency space, has raised $2.8 million in a seed round led by Morgan Creek. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Maxwell has been indicted for allegedly scheming with the late Jeffrey Epstein, her former boyfriend and close associate, to groom young women and girls for sexual abuse. The British socialite has yet to enter a plea deal and is expected to be brought to a New York court later this week. Ghislaine Maxwell has secretly compiled copies of Jeffrey Epstein’s sex tapes as insurance that could keep her out of jail, The Daily Mail reports, citing Maxwell’s former friend. “The secret stash of sex tapes I believe Ghislaine has squirreled away could end up being her get-out-of-jail card if the authorities […]
Crises often highlight both the best and the worst of humanity. Coronavirus is no exception. It has brought out the best in America’s health-care workforce. Public support for nurses, doctors, and other frontline workers is overwhelming. Doctors, nurses, respiratory therapists, food service workers, janitors, and administrators, among countless others have risen to the challenges of high intensity work in the setting of a novel virus, without preventative strategies or treatment options, limited testing, little PPE, and not enough ventilators. Doctors are going to work in some cases not knowing whether we will be paid, and in all cases not knowing whether […]
Some cities, such as Washington, D.C. are offering free coronavirus testing for people who’ve attended protests. Where free tests aren’t available, some people may find insurance refuses to cover precautionary testing. Carolyn Kaster/AP hide caption toggle caption Carolyn Kaster/AP Some cities, such as Washington, D.C. are offering free coronavirus testing for people who’ve attended protests. Where free tests aren’t available, some people may find insurance refuses to cover precautionary testing. Carolyn Kaster/AP In the wake of the massive turnout at anti-racism demonstrations around the country, public health officials are encouraging protesters to get tested for the coronavirus. As purely precautionary testing […]
People wearing masks walk past a mural of encouragement displayed outside a store amid the coronavirus pandemic on Tuesday in Washington, D.C. Olivier Douliery/AFP via Getty Images hide caption toggle caption Olivier Douliery/AFP via Getty Images People wearing masks walk past a mural of encouragement displayed outside a store amid the coronavirus pandemic on Tuesday in Washington, D.C. Olivier Douliery/AFP via Getty Images On this broadcast of The National Conversation, we’ll answer your questions about health insurance, job searching during a pandemic and breakups. We’ll also hear from kids and the questions they have. Source link
Bitcoin warehouse Bakkt has onboarded more than 70 clients for its custody services and given them the option to tap more than $600 million in insurance coverage overall, the company announced Monday. In a blog post, the company said it had partnered with insurance broker Marsh to provide up to $500 million-worth of cover. Bakkt customers would have to purchase this insurance themselves, and it would be in addition to, rather than instead of, the custodian’s existing $125 million insurance coverage. Marsh has been involved in the crypto space since at least 2018, and already facilitates or provides insurance for Crypto.com […]
A patient with suspected COVID-19 arrives at Maimonides Medical Center in Brooklyn in early April. Even as the risk of big medical bills climbs, many Americans are losing their jobs and health insurance right now. Spencer Platt/Getty Images hide caption toggle caption Spencer Platt/Getty Images A patient with suspected COVID-19 arrives at Maimonides Medical Center in Brooklyn in early April. Even as the risk of big medical bills climbs, many Americans are losing their jobs and health insurance right now. Spencer Platt/Getty Images If there’s a time that people particularly need access to good health care and health insurance, it’s during […]