Insurance Premium – Car Insurance In Memphis http://carinsuranceinmemphis.net/ Wed, 29 Jun 2022 09:35:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://carinsuranceinmemphis.net/wp-content/uploads/2021/06/icon-1.png Insurance Premium – Car Insurance In Memphis http://carinsuranceinmemphis.net/ 32 32 4 things you might not know about return of premium life insurance – InsuranceNewsNet https://carinsuranceinmemphis.net/4-things-you-might-not-know-about-return-of-premium-life-insurance-insurancenewsnet/ Wed, 29 Jun 2022 09:35:05 +0000 https://carinsuranceinmemphis.net/4-things-you-might-not-know-about-return-of-premium-life-insurance-insurancenewsnet/ CHICAGO – June 29, 2022 – (Newswire.com) iQuanti: Traditional term life insurance offers an inexpensive way to cover your loved ones for a fixed period, usually 10 to 30 years. However, if you survive the policy, the insurer keeps all the premiums you have paid over the years. This is where life insurance with refund […]]]>
CHICAGOJune 29, 2022 – (Newswire.com)

iQuanti: Traditional term life insurance offers an inexpensive way to cover your loved ones for a fixed period, usually 10 to 30 years. However, if you survive the policy, the insurer keeps all the premiums you have paid over the years.

This is where life insurance with refund of premiums can come in handy. This is a life insurance policy, often available as an endorsement, which costs more but, if you survive the policy, the insurer will refund all your premiums. Let’s dive deeper into some things you need to know reimbursement of life insurance premiums so you can decide if this is the right type of font for you.

1. Your refunded premiums are not taxed

If you survive your return of premium life insurance policy and your premiums are refunded to you, they are not taxed. This is because your refunded premiums are considered a refund rather than income, which means that life insurance with refund of premiums can be a good investment and benefit you later in life if you outlive the policy.

2. They cost more than traditional term life insurance policies

Return of premium policies have higher premiums than traditional term life insurance, so you’ll need to budget more for your monthly payments. However, these can be worth the cost. Either you will protect your loved ones if you die during the policy period, or you will get all your money back when you survive the policy.

3. You may be able to convert to a permanent life insurance policy

Permanent life insurance policies offer guaranteed lifetime coverage as long as you pay your premiums on time. Plus, they allow you to build cash value. A portion of each premium is paid into your cash value, which then increases tax-deferred at a certain rate depending on the type of permanent policy.

In some cases, you may be able to convert your return of premium life insurance to a permanent life insurance policy. This can be a great option if you decide you still want your life insurance coverage later in life and need an additional investment vehicle. Your premiums may increase to account for your advancing age, but you won’t have to worry about being denied coverage.

4. You can lose your premiums in the event of early termination of the contract

If your policy ends prematurely for non-payment of premiums, you may not be able to recoup those premiums, so it is essential to maintain your premiums for the duration of the policy. Depending on the company and the policy, terminating your policy early for other reasons can cause you to lose your premiums, so be sure to plan to keep your policy for the full term.

The bottom line

Return of premium life insurance costs more than traditional term life insurance, but you’re essentially buying peace of mind with this type of policy. Either you provide financial support to your loved ones if you die during the term of the policy, or you get your money back. As long as you stick to your premiums and don’t cancel early, there’s less risk of loss. Additionally, you may be able to convert your policy to a permanent life insurance policy if you wish to maintain coverage and increase cash value. Be sure to weigh your budget against your life insurance coverage needs before deciding if a premium refund policy is right for you.

press release department
by
Newswire.com

]]>
Legal clashes await US companies covering workers’ abortion costs https://carinsuranceinmemphis.net/legal-clashes-await-us-companies-covering-workers-abortion-costs/ Mon, 27 Jun 2022 17:34:33 +0000 https://carinsuranceinmemphis.net/legal-clashes-await-us-companies-covering-workers-abortion-costs/ (Reuters) – A growing number of large U.S. companies have said they will cover travel costs for employees who have to leave their home countries to have abortions, but these new policies could expose companies to lawsuits and even potential criminal liability, legal experts said. Amazon.com Inc., Apple Inc., Lyft Inc., Microsoft Corp. and JPMorgan […]]]>

(Reuters) – A growing number of large U.S. companies have said they will cover travel costs for employees who have to leave their home countries to have abortions, but these new policies could expose companies to lawsuits and even potential criminal liability, legal experts said.

Amazon.com Inc., Apple Inc., Lyft Inc., Microsoft Corp. and JPMorgan Chase & Co. were among the companies that announced plans to provide these benefits through their health insurance plans ahead of Friday’s U.S. Supreme Court ruling reversing the landmark 1973 ruling. . Roe vs. Wade decision that legalized abortion nationwide.

Less than an hour after the ruling was released, Conde Nast chief executive Roger Lynch sent a memo to staff announcing a travel reimbursement policy and calling the court’s decision “a blow to human rights.” reproductive”. Walt Disney Co. unveiled a similar policy on Friday, telling employees it recognizes the decision’s impact on abortion but remains committed to providing full access to quality health care, according to a spokesperson.

Health insurer Cigna Corp., Paypal Holdings Inc., Alaska Airlines Inc. and Dick’s Sporting Goods Inc. also announced refund policies on Friday.

Abortion restrictions that were already on the books of 13 states went into effect following Friday’s ruling and at least a dozen more Republican-led states are expected to ban abortions.

The court’s decision, prompted by its conservative majority, upheld a Mississippi law that bans abortion after 15 weeks. Meanwhile, some Democratic-led states are taking steps to bolster abortion access.

Companies will have to navigate this patchwork of state laws and risk the ire of anti-abortion groups and Republican-run states if they adopt pro-employee abortion policies.

Texas state lawmakers have already threatened Citigroup Inc. and Lyft, which previously announced travel refund policies, with legal repercussions. A group of Republican lawmakers, in a letter last month to Lyft chief executive Logan Green, said Texas “will take swift and decisive action if the ride-sharing company implements the policy.”

Lawmakers also introduced a series of abortion-related proposals, including a bill that would bar companies from doing business in Texas if they paid for state residents to have abortions elsewhere.

Lawsuits in sight

According to Robin Fretwell Wilson, a law professor at the University of Illinois, it’s likely only a matter of time before the companies are sued by states or anti-abortion activists claiming the payments related to abortion violate state prohibitions on facilitating or aiding and abetting abortions. and expert in health law.

“If you can sue me as the person for transporting your daughter across state lines, you can sue Amazon to pay for it,” Wilson said.

Amazon, Citigroup and other companies that have announced refund policies did not respond to requests for comment. A spokesperson for Lyft said, “We believe access to healthcare is essential and transportation should never be a barrier to that access.”

For many large companies that fund their own health plans, federal law governing employee benefits will provide crucial cover in civil lawsuits over their reimbursement policies, multiple attorneys and other legal experts said.

The Employees Retirement Income Security Act of 1974 prohibits states from adopting requirements that “relate” to employer-sponsored health plans. For decades, courts have interpreted this language to outlaw state laws that dictate what health plans can and cannot cover.

ERISA regulates employee benefit plans funded directly by employers, called self-insured plans. In 2021, 64% of U.S. workers with employer-sponsored health insurance were covered by self-insured plans, according to the Kaiser Family Foundation.

According to Katy Johnson, senior health policy attorney at the American Benefits Council trade group, any company sued over an abortion travel reimbursement demand will likely cite ERISA as a defense. And that will be a strong argument, she said, especially for companies with general policies for reimbursing necessary medical travel rather than those that prioritize abortion.

Ms Johnson said reimbursements for other types of travel related to medical reasons, such as visits to hospitals designated as “centres of excellence”, are already common, even if policies related to abortion are still relatively rare.

“While this may seem new, it is not in a general sense and the law already tells us how to handle it,” Ms Johnson said.

Limits

The argument has its limits. Fully insured health plans, in which employers purchase coverage from a commercial insurer, cover about one-third of workers with insurance and are regulated by state law, not ERISA.

Most small and medium-sized American businesses have fully insured plans and could not argue that ERISA prevents states from limiting abortion coverage.

And ERISA cannot prevent states from enforcing criminal laws, such as those in several states that make it a crime to aid and abet abortion. Thus, employers who adopt refund policies are vulnerable to criminal charges from state and local prosecutors.

But since most criminal abortion laws have not been enforced for decades, deer was decided, it’s unclear whether officials would try to sue the companies, according to Danita Merlau, a Chicago-based attorney who advises companies on employee benefits issues.

]]>
Name the best football coverage through video, audio and the written word https://carinsuranceinmemphis.net/name-the-best-football-coverage-through-video-audio-and-the-written-word/ Sat, 25 Jun 2022 13:52:57 +0000 https://carinsuranceinmemphis.net/name-the-best-football-coverage-through-video-audio-and-the-written-word/ Nominations are now open for the 2022 World Soccer Talk® Awards. Rewarding the best football coverage across video, audio and the written word, the awards are voted on by football fans around the world. Categories include everything from the best football streaming service and podcast to the best commentator, writer and more. Applications are open […]]]>

Nominations are now open for the 2022 World Soccer Talk® Awards. Rewarding the best football coverage across video, audio and the written word, the awards are voted on by football fans around the world. Categories include everything from the best football streaming service and podcast to the best commentator, writer and more.

Applications are open today through Thursday, June 30 at midnight ET.

World Soccer Talk Awards: Nomination Process

Here’s how it works:

World Soccer Talk has created several categories that cover the world of English language football/soccer culture. Our panel recommended who to include in the categories. However, we need your help. We open applications to your suggestions and recommendations. Please review the nominees, and if any are missing, let us know in the comments section before nominations close on Thursday, June 30 at midnight ET.

After the deadline has passed, no additional candidates will be added.

Then, on Friday July 1, the 2022 World Soccer Talk Awards will officially open. Throughout July, football fans around the world can vote for their favorites in the different categories. After the prizes close on July 31, we announce the winners on August 1.

Drum roll please. Here are the nominees for the 2022 World Soccer Talk Awards:

TV, streaming and video section

Best TV Coverage

be in sports
CBS Sports
ESPN
FOX Sports
Gol TV
NBC Sports

Best Streaming Service

ATA Soccer
DirecTV streams
ESPN+
Fanatiz
Fubo TV
Paramount+
Peacock
TV Sling
Tic
ViX
YouTube Television

Best Presenter

Dan Thomas
Kate Abdo
Kay Murray
Poppy Miller
Rebecca Lowe
Rob Stone
Sebastien Salazar
Steve Bower

Best Commentator

Arlo White
Derek Rae
Ian Dark
Jenn Hildreth
Jim Proudfoot
strong jeans
Jon Champion
JP Dellacera
Martin Tyler
Pierre Drury
Rob Palm

Best Co-Commentator

Aly Wagner
Andy Townsend
Graeme Le Saux
Jim Beglin
Lee Dixon
Matteo Bonetti
Maurice Edu
Stewart Robson
Stu Holden
Taylor Twellman
Tony Gale

Best Studio Analyst

Alexis Lalas
Charlie Davies
Clint Dempsey
Craig Burley
Danny Higginbotham
Ian Joy
Jamie Carragher
Maurice Edu
Micah Richards
Nico Cantor
Oguchi Onyewu
Robbie Earle
Robbie Mustoe
Shaka Hislop
Steve Nicol
Thierry Henry
Tim Howard

Best YouTube Channel

COPA90
ESPN-FC
Daily Football
Footy Adventures
HeilRJ
HITC Sevens
Mark Goldbridge – It’s Football
football

Best Fan YouTube Channel

American Hammers TV
Television for Arsenal fans
Blue Lions Television
Chelsea Fan TV
Football Miami TV
Red Men Television
Stretford paddock
WeAreTottenhamTV

The written word

Best website

soccer equalizer
ESPN-FC
Objective
soccer america
Athleticism

best writer

Charles Bohm
David Orstein
Philippe Cardenas
Grant Wahl
Jeff Carlisle
John Nicholson
Jonathan Tannenwald
Jonathan Wilson
Meg Linehan
Pablo Maurer
Sam Stejskal
Sid Lowe
Steven Goff

The spoken word

best podcast

Allocation disorder
Third striker
Extra time
soccer hike
weekly football
Full time with Meg Linehan
Soccer with Grant Wahl
Men in blazers
What Golazo
Spanish football podcast
State of the Union
This Peter Croupton
The 2 robbers
athletic football
The Gab & Juls show
The game
Total football show
Totally football show

Best Podcast Host

James Richardson
Max Rushden
Michael Davies
Roger Bennett
Taylor Rockwell

Best Podcast Analyst

Barry Glendenning
Charlie Stillitano
Ray Hudson
Tommy Smith

Best Club Podcast

AssBlog
The Anfield envelope
The blue room
The Spurs Show
The Tuesday Club

Thanks in advance for your suggestions and feedback!

]]>
Zurich fights viral coverage appeal of La. Helicopter Co. https://carinsuranceinmemphis.net/zurich-fights-viral-coverage-appeal-of-la-helicopter-co/ Thu, 23 Jun 2022 21:45:00 +0000 https://carinsuranceinmemphis.net/zurich-fights-viral-coverage-appeal-of-la-helicopter-co/ By Ganesh Setty (June 23, 2022, 5:45 p.m. EDT) — Zurich has urged the Fifth Circuit to uphold the dismissal of the lawsuit of a Louisiana-based helicopter services company seeking to recoup business interruption losses related to COVID-19, after a state appeals panel handed a New Orleans restaurant owner a rare victory in his own […]]]>
By Ganesh Setty (June 23, 2022, 5:45 p.m. EDT) — Zurich has urged the Fifth Circuit to uphold the dismissal of the lawsuit of a Louisiana-based helicopter services company seeking to recoup business interruption losses related to COVID-19, after a state appeals panel handed a New Orleans restaurant owner a rare victory in his own pandemic lawsuit.

A “single dissenting opinion” from this court does not warrant a departure from the Fifth Circuit’s pro-insurer rulings in pandemic coverage cases like Q Clothier New Orleans LLC et al. vs. Twin City Fire Insurance Co. and Louisiana Bone & Joint Clinic LLC v. Transportation Insurance Co., Zurich said in a brief on Wednesday.

These two cases “sound the…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

]]>
Cover of January 6, a new series Laura Ingraham and the debate of two senators https://carinsuranceinmemphis.net/cover-of-january-6-a-new-series-laura-ingraham-and-the-debate-of-two-senators/ Wed, 22 Jun 2022 02:10:24 +0000 https://carinsuranceinmemphis.net/cover-of-january-6-a-new-series-laura-ingraham-and-the-debate-of-two-senators/ Laura Ingraham, host of the Fox News talk show “The Ingraham Angle.” The Washington Post via Getty Images Fox Nation tends to get a fraction of the coverage CNN garnered for its short-lived CNN+ streaming service, which is a bit surprising for a whole host of reasons — not the least of which is the […]]]>

Fox Nation tends to get a fraction of the coverage CNN garnered for its short-lived CNN+ streaming service, which is a bit surprising for a whole host of reasons — not the least of which is the former platform. -streaming form is attached to cable information channel who has spent 20 years now at No. 1.

A new Fox Nation series debuting Wednesday and hosted by Fox News’ Laura Ingraham, meanwhile, is as good an example as any differentiated way Fox has cultivated its own streaming service. For one thing, the news network never positioned Fox Nation as any sort of platform on which to build the network’s post-TV future. This is the route taken by CNN, and not even a month plus some $300 million later, it’s clear that this approach hasn’t worked so well.

At a cost to subscribers of $5.99/month, on the other hand, Fox Nation is a nearly 4-year-old streamer that aims to be an additive experience, designed specifically for Fox superfans — for consumers who want it. more, in other words, what they already get from Fox News on TV. The result? Fox Nation shows, like Ingraham’s new trio Hidden Treasures with Laura Ingrahamin which the star Fox host will travel the country highlighting some of her “most special treasures,” according to Fox.

Also this month, when it comes to other types of content subscribers can access through the streamer, Fox Nation livestreamed coverage of the congressional committee investigating the January 6 attack at the United States Capitol. The platform also aired an hour-long policy debate between U.S. Senator Lindsey Graham and Bernie Sanders, an event hosted by the Orrin G. Hatch Foundation, the Bipartisan Policy Center, and the Edward M. Kennedy Institute for the State Senate. -United.

New show by Laura Ingraham

“Because there’s so much bad news out there, it’s easy to miss the wonderful people and places that tell America’s enduring story,” Ingraham shared with me on his Fox Nation show. , which kicks off in Wyoming and finds Ingraham touring the National Military Vehicle Museum between the Grand Tetons and Yellowstone National Park.

“From self-taught artists to wartime innovators, the ‘hidden gems’ we present will hopefully inspire and enrich Fox Nation viewers as much as they have for me.”

Ingraham – the most-watched woman in cable news, according to the latest Nielsen data – in episode two will take viewers to New Orleans, to detail the story behind the iconic Mardi Gras floats. She’ll end up in historic Germantown, Pennsylvania to chat with an austic artist about her work in the area.

Other Fox Nation shows

In addition to shows like Ingraham’s new series, the Fox Nation library includes something on the order of 5,000 hours of content – from lifestyle and entertainment content to documentaries and, of course, TV shows. conservative opinion of the news network’s most prominent figures.

The types of docuseries offered here also include American dynasty, which arrives on Fox Nation on June 27. This 8-episode series will explore the colorful histories of America’s aristocracies, from the Vanderbilts and Rockefellers to the Ford, Getty, du Pont, Morgan, Kennedy and Bush dynasties. Special guests will include John D. Rockefeller’s great-grandson, David Rockefeller; the son of the late Senator Ted Kennedy, Patrick J. Kennedy; and with commentary from guests including former late-night icon and car enthusiast Jay Leno, who will talk about the Ford family.

Later this year, meanwhile, the star of one of the highest rated TV series around – Kevin Costner of Paramount Network’s Yellowstone — is heading to Fox Nation to helm a four-part documentary series honoring, as the star should, Yellowstone National Park.

Costner will narrate and host Yellowstone: 1-50, which is slated to arrive in the fourth quarter on Fox Nation. Developed by Costner’s Territory Films with Warm Springs Productions, the series is timed to coincide with the park’s 150th anniversary this year – and Fox adds that the four episodes will air “consecutively on the platform throughout its first week”.

]]>
How the war in Ukraine benefits Russian insurers and drives up insurance premiums everywhere https://carinsuranceinmemphis.net/how-the-war-in-ukraine-benefits-russian-insurers-and-drives-up-insurance-premiums-everywhere/ Mon, 20 Jun 2022 14:07:18 +0000 https://carinsuranceinmemphis.net/how-the-war-in-ukraine-benefits-russian-insurers-and-drives-up-insurance-premiums-everywhere/ A EU/UK Package prohibit their insurers provide cover to ships carrying Russian oil cause tensions with Washington. America argues that Europe’s dominance of global insurance will make it very difficult for Russia to export oil if this continues, which could drive oil prices much higher than they are already. Yet that may not happen, because […]]]>

A EU/UK Package prohibit their insurers provide cover to ships carrying Russian oil cause tensions with Washington. America argues that Europe’s dominance of global insurance will make it very difficult for Russia to export oil if this continues, which could drive oil prices much higher than they are already.

Yet that may not happen, because Russia is make moves overcome the problem itself. The national reinsurance company, RNRC, is would have intervened replace Western insurance companies by insuring fleets and their cargoes. Russia will also now provide liability and environmental damage insurance in place of the Protection and Indemnity (P&I) clubs. If these changes are viable in the long term, it will mean that some of the business that was primarily aimed at European and UK insurance companies will now be kept in Russia.

This is just one of the many ways Western insurance is affected by the war in Ukraine. Insurers are already facing heavy losses Sanctions passed in March prohibiting the provision of various types of coverage to Russia-related activities. This has significant implications at all levels for business and society. So what happens and where does it go from here?

Insurance and geopolitics

The insurance sector dwarfs the GDP of every country in the world except China and the United States. We thought it was worth more than 5 trillion US dollars (£4 trillion) in premiums paid in 2021 and is expected to increase by 10% in 2022.

We’re all used to thinking that insurance companies protect people and businesses from risk, but behind that lies another set of specialist companies called reinsurers. These players insure the risks of insurance companies against, for example, losses resulting from claims, i.e. they offer insurance taken out on insurance. In some cases, complex insurance and reinsurance networks exist to ensure that the risk is properly protected.

Main insurers and reinsurers by turnover

2021 data.
Gallagher Re Reinsurance Market Report for the year 2021; Reinsurance News

Before the invasion of Ukraine in February, there were instances where sanctions against Russia involved the insurance industry. When the United States pressured Germany to abandon its NordStream 2 gas pipeline project, insurance and reinsurance companies were among those who got out until the Biden administration relaxed its approach.

This time around, it’s a whole different level. Complaints have been made on policies related to aviation, maritime transport, trade credit, cyber and political risk. This represents only a relatively modest exposure for the entire industry, but the potential long-term effects are another matter. Since the imposition of Western sanctions in March, major players such as Lloyd’s of London, Swiss Re and SCOR and brokers such as Marsh, Aon and Willis Towers Watson have stopped take new business from Russia. With a considerable amount of assurance previously provided to Russian sectors such as aviation and space in London and New York, for example, this is a major change.

We are now in a situation where the planes of the world no longer fly through Russia. This raises the prospect of years, if not decades, of claims by owners of up to 600 planes seizedmany of which are rented out.

Count the cost

It is not easy to estimate the overall blow to the Western insurance industry from the deterioration of relations with Russia. This is partly because much depends on the worsening of the current crisis and the possibility of finding a political or military solution.

In early April, a S&P Global report predicted losses to specialized categories such as aviation, maritime and political risk would be in the range of US$16-35 billion. Only Lloyd’s of London was reported in March as facing payments in aviation and space between US$1 billion and US$4 billioni.e. 1% of its premiums.

HQ sign for Lloyd's of London
The Lloyd’s insurance market is among those hard hit.
Simon Vayro

industry could be affected by payments on claims for one or even two decades, acting as a brake balance sheets of insurers waiting. Those who have not yet downloaded their Russian business also runs the risk of their policies being seized by the Russian government.

Meanwhile, premiums are rising more and more as insurers seek to make up for their losses, especially in all categories except life insurance. It is said that worldwide aviation insurance premiums have doubled as insurers seek to protect their profit margins. Premiums on tankers and other important goods in the Black Sea, such as agricultural and grain products, also increased significantly. All of this will translate into higher prices for consumers and businesses, even outside of all the other current inflationary pressures.

Another affected area is cyber insurance, which protects against the risk of cyberattacks. With Russia being linked to numerous cyberattacks, both in connection with Ukraine and other countries, the demand for cyberinsurance has increased, but it is becoming increasingly difficult to obtain and therefore prices are soaring.

Russia is a potential winner in much of this. Assuming the sanctions continue, it is likely that Western insurers will increasingly be replaced by Russian insurers (and those from countries it deems friendly). For instance, The RNRC is already replacing Western reinsurers for other cargoes than oil. Russia could also follow the model in iran where various new state guaranteed reinsurance pools, companies, P&I clubs and co-insurance (several companies providing cover) have been created in response to the sanctions.

Russian sanctions and the forced exodus of Western companies from the Russian market give Russia the chance to have inherited in-house expertise and knowledge of the insurance and reinsurance industry that it does not have. paid. While Western insurance companies have to absorb the hit from the sanctions, it is not entirely clear that their Russian counterparts will suffer in the same way.

]]>
US Open 2022 standings: Live coverage, today’s golf scores, Country Club round three updates https://carinsuranceinmemphis.net/us-open-2022-standings-live-coverage-todays-golf-scores-country-club-round-three-updates/ Sat, 18 Jun 2022 21:54:21 +0000 https://carinsuranceinmemphis.net/us-open-2022-standings-live-coverage-todays-golf-scores-country-club-round-three-updates/ Cream has risen to the top of the standings halfway through the 2022 US Open. Leading the charge is two-time major winner Collin Morikawa, who is tied for the lead and a shot at the rest of the field after having signed for Friday’s fastest lap. Earlier this week, Morikawa insisted his iron game wasn’t […]]]>

Cream has risen to the top of the standings halfway through the 2022 US Open. Leading the charge is two-time major winner Collin Morikawa, who is tied for the lead and a shot at the rest of the field after having signed for Friday’s fastest lap. Earlier this week, Morikawa insisted his iron game wasn’t where he wanted it; however, he managed to take the lead with a big effort from his short game.

He will likely need that iron game to improve as the National Championship progresses with a litany of contenders positioned on his heels. Defending champion Jon Rahm played alongside Morikawa the first two days and is just one stroke down at 4 under alongside Rory McIlroy. Masters champion Scottie Scheffler is two strokes off Morikawa’s pace at 3 under and has a fantastic opportunity to capture his second major of the year despite being stuck on the less fortunate side of the draw. All in all, the big boys have come to play, and the next 36 holes will be as thrilling as we’ve seen all year.

CBS Sports will update this story with scores and highlights below. Check out the live scores at the top of this story, a more detailed ranking, Tour 3 Departure Times and our complete US Open TV Schedule Coverage Guide.

]]>
The live music industry in the midst of an insurance crisis https://carinsuranceinmemphis.net/the-live-music-industry-in-the-midst-of-an-insurance-crisis/ Fri, 17 Jun 2022 06:02:25 +0000 https://carinsuranceinmemphis.net/the-live-music-industry-in-the-midst-of-an-insurance-crisis/ Leadbeater Hotel owners Mark Omizzolo and Joe Downey are struggling to find an affordable insurer. -Image of PR document Concert halls are in the midst of another crisis as insurance companies strip them of coverage. At least 30 venues across the country are facing insurance renewal issues, according to the Australian Live Music Business Council. […]]]>

Leadbeater Hotel owners Mark Omizzolo and Joe Downey are struggling to find an affordable insurer. -Image of PR document

Concert halls are in the midst of another crisis as insurance companies strip them of coverage.

At least 30 venues across the country are facing insurance renewal issues, according to the Australian Live Music Business Council.

While some have faced premium hikes of up to 300% due to fears of being in a high-risk industry, others have tried to renew after years with their provider only to get pulled out altogether. insurance.

The council is working with companies to find overseas insurers, with Australian providers unable to offer suitable policies.

The live music industry has been dogged by longstanding misconceptions about the risks associated with venues, and it has worsened in the wake of COVID-19, the council said.

“We’re using the data we’ve collected from these sites on their complaints history to essentially say that this is not a high-risk environment,” said the council’s chief executive, Phil Brown. , at the AAP.

“The messaging around the nature of risk in live music hasn’t been helped one bit throughout COVID, but it also goes to this really tired assumption that a live music venue is full of sex, drugs and rock and roll.”

Mr Brown said small and medium-sized venues were the “incubators” of musical talent in Australia.

The owners of the Leadbeater Hotel in Richmond in Melbourne were forced to search for a new supplier for a week after their insurance company‘s overseas-based underwriter rejected their renewal in May.

A final swipe at a reasonably priced policy was pushed back Friday afternoon, leaving them with a premium 10 times the cost of last year’s policy.

“(Other companies) will insure us if we agree to be just a pub and not a music venue, which is not allowed for us,” co-owner Joe Downey said.

“And then the other option is to just become a venue, and you can only operate during paid show times.”

The problem is not exclusive to the live music industry.

The entertainment industry is on the brink of collapse due to skyrocketing insurance premiums, according to Australian Amusement Association vice-president Damian De Jong.

The number of insurers willing to cover attractions has dropped significantly during the COVID-19 pandemic, he said.

Mr De Jong, who owns his own entertainment company Action Events Group, already spends more than 20% of his company’s turnover on liability insurance alone.

A pre-COVID insurance premium of $20,000 can now reach $100,000.

“We keep the kids active; we get them running, having a good time,” De Jong said.

“It’s not far from disappearing.”

The Insurance Council of Australia said a tough market means underlying capital is harder to come by and reinsurance is more expensive.

“This impacts the availability and affordability of liability insurance in certain markets, including the entertainment industry and for certain operators of tourist attractions and licensed sites,” a spokesperson said.

“There is no silver bullet to solve these problems, and solutions, where they exist, require a concerted effort between insurers, businesses and government.”

The council and insurers were working with business representatives to improve the affordability and availability of insurance, they said.

]]>
PCORI fees due August 1 for self-insured health plans https://carinsuranceinmemphis.net/pcori-fees-due-august-1-for-self-insured-health-plans/ Wed, 15 Jun 2022 05:46:53 +0000 https://carinsuranceinmemphis.net/pcori-fees-due-august-1-for-self-insured-health-plans/ Late last year, the IRS increased the fees that insurers or sponsors of self-insured health plans pay each year to fund the Federal Trust Fund for the Institute for Focused Outcomes Research. patient (PCORI). The new fee is $2.79 per covered person, with other fees described below. Fees are usually due July 31 each year, […]]]>

Late last year, the IRS increased the fees that insurers or sponsors of self-insured health plans pay each year to fund the Federal Trust Fund for the Institute for Focused Outcomes Research. patient (PCORI). The new fee is $2.79 per covered person, with other fees described below.

Fees are usually due July 31 each year, but for 2022 fees are due August 1, as July 31 falls on a Sunday this year.

Fees apply to health insurance plans from the previous calendar year. According to the IRS
Notice 2022-04the annual fee adjustments are as follows:


  • For plan years ending on or after October 1, 2021 and before October 1, 2022 (including calendar year plans), fees are
    $2.79 per person covered by the plan — employees and dependents — up from $2.66 a year earlier.

  • For plan years that ended on or after October 1, 2020, and before October 1, 2021, the fees are
    $2.66 per person, compared to $2.54 the previous year.

However, according to a
March 4, 2022, update Q&A from the IRS on PCORI fees:


  • After September 20, 2021 and before October 1, 2022, the applicable dollar amount is $2.79.

  • After September 30, 2020 and before October 1, 2021, the applicable dollar amount is $2.66.

Self-insured employers pay the annual PCORI fee directly to the IRS. For fully insured employers, the cost is paid by the insurance provider, although the cost may be factored into premium increases.

Fees are reported and paid annually with IRS submission
Form 720 (Quarterly Federal Excise Tax Return) and are due by July 31 of the year following the end of the plan year, unless that date falls on a weekend or federal holiday .




Fees apply until 2029

The Affordable Care Act created a fee to fund a Washington, DC-based institute that conducts research on the comparative effectiveness of medical treatments. The fee was originally intended to apply only to plans with terms ending after September 30, 2012 and before October 1, 2019. However, as part of the 2019 bipartisan budget law, the annual PCORI filing and fees were extended for another 10 days. years, until 2029.

“The PCORI fee is calculated using the average number of lives covered by the policy or plan and the applicable dollar amount for that policy year or plan year,” explained William Sweetnam, legislative and technical director of the Council of employers on flexible compensation in Washington. , DC “The applicable dollar amount was $2 when the fee was enacted as part of the Affordable Care Act, and this amount is increased annually based on increases in the projected per capita amount of national health care spending. .”

PCORI Fee Calculation

The IRS offers self-insured employers options for determining the average number of plan enrollees, which the IRS calls covered lives — employees, spouses, and dependents covered by the health insurance plan. According to the IRS,
plan sponsors can use one of the following methods to calculate the average number of lives covered by the plan:


  • The actual counting method. Plan sponsors add up the total lives covered for each day of the year, divided by the total number of days in the plan year.

  • The snapshot method. Sponsors add up the total number of insureds covered as of a date in each quarter of the plan year.

  • The snapshot factor method. Similar to the snapshot method, the number of lives covered on a given day can be determined by counting the actual number of lives covered that day or by treating those who have self-coverage only as one life and those who have coverage other than for themselves only. like 2.35 lives.

  • The Form 5500 method. Plan sponsors use a formula that includes the number of participants reported on Form 5500 for the plan year.

The IRS released
a chart showing the application of PCORI fees to common types of health coverage.

FSA, HRA and other benefits

In general, health Flexible Spending Accounts (FSAs) are considered
excepted services and therefore do not require payment of Form 720 and PCORI fees “unless the employer – not just the employee – makes contributions to it
that exceeds the lesser of $500 per year or a dollar-for-dollar equivalent of the employee’s contributionsaid Gary Kushner, president and CEO of Kushner & Company, an HR strategy and benefits consulting firm in Portage, Michigan. ” with the appropriate payment per registrant.

For health reimbursement arrangements (HRAs), employers should “look at the integrated group health plan first,” Kushner advised. “If the [health] is fully insured, the employer must file the 720” and pay the fee for each employee with an employer-sponsored HRA. The fee is paid per employee, and spouses and children covered by the fully insured health plan do not are not included in the fee calculation.

“If, however, the underlying group health plan is self-funded, then no separate 720 need be filed for the integrated HRA, but rather a deposit and fee for the self-funded group health plan is due,” Kushner noted. In this case, the fee is calculated based on the lives covered, not just the employees.

While the insurance company is responsible for paying the PCORI fee for the fully insured medical plan,”the employer is responsible for paying PCORI fees on the HRA“, wrote Karen Hooper, vice president and chief compliance officer at Newfront, an insurance and financial services company in San Francisco. “The IRS is essentially double-dipping in this scenario by imposing the PCORI fee on the same lives covered by both principal medical and the HRA. In recognition of this, the HRA PCORI fee paid by the employer is determined by counting only one life per employee participating in the plan (not dependents).”

The PCORI fee
does not apply to Health Savings Account (HSA) participantsbecause HSAs are individual accounts, not group health plans.

The fee also “does not apply to dental and vision coverage which are excluded benefits (whether through a stand-alone insurance policy or by meeting the ‘non-full’ test for self-care coverage). insured),” Hooper explained, and “virtually all dental and vision plans are excluded benefits.”

Missed payment deadlines

“An employer who neglects to report and pay PCORI fees when due must immediately, upon becoming aware of the oversight, file Form 720 and pay the fee (or file a corrected Form 720 to report and pay the fee, if the employer timely filed the form for other reasons, but failed to report and pay the PCORI fee),” advised Ethan McWilliams, senior compliance analyst at Lockton, a benefits broker and service company based in Kansas City, Missouri.

Employers in this situation should be sure to use the form for the correct tax year.

“The IRS can collect interest and penalties for late filing and payment, but it has the authority to waive penalties for cause,” he noted.

Future charges

The dollar amount of the PCORI fee is adjusted annually to reflect national health care spending inflation, as determined by the Secretary of Health and Human Services (HHS).

“Because of the fact that [HHS] did not publish updated national health expenditure tables for 2021,
this year’s fees are based on the projections set out in the 2020 tables“, according to a client alert from the law firm Fraser Trebilcock in Lansing, Michigan. “As such, plans should pay particular attention to next year’s fee changes,” which could reflect several years of care inflation. health.


[Need help with legal questions? Check out the new

SHRM LegalNetwork.]

]]>
Military museum threatened by soaring insurance costs https://carinsuranceinmemphis.net/military-museum-threatened-by-soaring-insurance-costs/ Mon, 13 Jun 2022 13:54:00 +0000 https://carinsuranceinmemphis.net/military-museum-threatened-by-soaring-insurance-costs/ The founder of the Collon Military Museum, William Sullivan, says he is heartbroken at the thought of having to close his beloved museum due to soaring insurance costs and tariffs. illiam Sullivan shares with the public his wide range of military memorabilia, which he has lovingly collected for nearly 50 years, at his museum in […]]]>

The founder of the Collon Military Museum, William Sullivan, says he is heartbroken at the thought of having to close his beloved museum due to soaring insurance costs and tariffs.

illiam Sullivan shares with the public his wide range of military memorabilia, which he has lovingly collected for nearly 50 years, at his museum in Starinagh.

But with annual insurance now at €28,000 and municipal rates of, he says, €1,000 a month, William feels he can’t stay open any longer.

“I get a lot of sleepless nights now, when I go down to the museum and look around and say, ‘I’ve let you guys down,'” says William, whose museum draws 15,000 visitors a year to the Valley of the River. Boyne: “I barely take a paycheck myself. for that – it’s purely a passion of mine to make history interesting for people – but I love doing it, and I can’t bear to think I’ll have to shut it down.

When William opened it eight years ago, his insurance was €6,500 a year, and it has increased steadily over the past few years, and is now almost five times that.

“It’s quite a deal breaker, but on top of that I have to pay commercial rates to Meath County Council, even though museums are exempt from tariffs,” he says. “They listed me as a warehouse and not a museum, which is killing me, because it’s a big attraction for the area.

Local Aontu representative Peter Whelan made representations on behalf of William and the museum.

“The War Museum was granted planning permission in 2012 as a museum by Meath County Council, and received a grant of €200,000 (public funds) from the Meath Partnership in 2013 for a War Museum military,” he said. “It has been listed along with many other non-profit organizations and businesses in the Meath area, at award ceremonies hosted by Meath County Council and others, so I have written a letter to Meath County Council requesting a meeting with the council’s chief executive and asking them to explain this anomaly.

“I have had hundreds of people contact me in support of William and his museum. I hope the council can correct this anomaly and I will also ask them to reimburse William and his company with the rates that were taken.”

In response, Meath County Council said:

“The Valuation Office has classified the property as a warehouse for valuation purposes. Any issues with this should be referred to them, they are the statutory body providing valuation services for the State,” said a spokesperson. “Meath County Council deals with all businesses in terms of the type of business engaged, not the categorization of property given by the Assessment Office. This can be shown more recently in relation to recent schemes commercial rate waivers, restart grants, and SBASCs. Many different types of businesses operate out of warehouse/storage type facilities, gyms, cafes, etc. and are treated on that basis.”

William says he has received offers from the public regarding Go Fund Me pages or fundraising campaigns, but he urges people not to.

“I’m very grateful, but it’s a long-term plan that I need, not a quick fix,” he says. “I need a miracle but miracles happen, and I’ve had 46 years of pure pleasure, and it’s been hard. I’ve met the best people and had the best time of my life, so if it ends, so be it.

]]>