Mindblown: a blog about philosophy.
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Investigation revealed an Insurance fraud of $ 212,307 by mother and daughter
February 10, 2021. (Los Angeles, Calif., Economic & Insurance News by Insurance Market 360) – Hazel Edwards, 59, and Laquinta Lowe,38, of Chula Vista arrested in a fraud claims of $2.12Million. Action was initiated on both, with reference to the complaint of Edwards insurance Company in 2018 producing the necessary documents of 2014-2017 on multiple offenses,…
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DIFS, Michigan, facilitated a reimbursement $ 16,200,000 to clients’ in the FY 2020!
February 09, 2021 (LANSING, Mich., Economic & Insurance News by Insurance Market 360) – Department of Insurance and Financial services, DIFS, Michigan facilitated customers to receive $16.2 Million in the fiscal year with reference to various complaints raised by the citizens of Michigan. Out of the total settlement of $16.2M, $9 Million was retrieved from…
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November statistics reveal decline in new constructions completion
February 05, 2021 (Washington, DC, Economic & Insurance News by Insurance Market 360) – Data of November 2020 released by the US Census Bureau and department of Housing and urban development exhibits the decline in newly completed house constructions than building permissions and house starting in comparison with the values in October 2020. Calculation is done…
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New Year May Could be a Challenge To Commercial Business: A Report by Best’s Market
February 04, 2021 (Oldwick, NJ, Economic & Insurance News by Insurance Market 360) – Commercial line industry is expected to face more trouble in 2021 than the previous year. Financial havoc, social inflation due to judicial operations in addition to Covid-19 can have a negative impact on the niche and Insurance sector in major. Unfavourable weather is…
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Non availability of construction material pushing contractors into trouble
February 03, 2021 (Washington, D.C., Economic & Insurance News by Insurance Market 360) – Surprisingly, 71%, of contractors have scarcity of minimum one construction material in addition to 89% impact on business due to shortage of skilled labour, project delay due to pandemic and worker’s health. Wood is the most non available material for construction. Though the…
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Lloyds’s Latest Integrated and Innovative Model for a Green Future!
February 02, 2021. (London, Economic & Insurance News by Insurance Market 360) – New Year marked a latest comprehensive initiation by Lloyds to gear up the economy. In its latest vision, the premium insurance company announced to bring in reforms in inclusive working culture, global transition, accountable underwriting and investment and new policies in fossil energy…
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Sale of new homes become tough in November 2020
January 29, 2021. (Washington, D.C., Economic & Insurance News by Insurance Market 360) -Shortage of construction material and challenges to meet the demand declined the sales of new homes in November 2020 as per the latest report of US Department of Housing and Urban Development and Census Bureau. Single built home sales went down by…
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Premiums of Commercial Insurance may even be tougher in 2021
January 28, 2021 (Arlington, VA, Economic & Insurance News by Insurance Market 360) – Insurance market place reality report of 2021 on NASDAX by Willis anticipates that the premium cost for commercial Insurance in every segment could be high in 2021. Business uncertainties, risk factors, manmade and natural calamities in addition to the ongoing pandemic all…
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Insurance commissioner’s nod benefit 347K Policy holders of Los Angeles
January 27, 2021. (Los Angeles, CA, Economic & Insurance News by Insurance Market 360) -The decision of Insurance Commissioner Ricardo Lara’s approval to exempt 347K policy holders of Los Angeles from annual premium of 2020 against Bobcat fire brings up the total beneficiaries to 2.4 million against the holocaust in California. The resolution was taken…
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Commercial Insurance premiums are on rise in Q320
January 26, 2021. (Arlington, VA, Economic & Insurance News by Insurance Market 360) – Survey conducted by Willis Towers Watson, the leading Global Consultants with 36 commercial Insurers reported that the premium cost is increased by 10% on aggregate in the third quarter of 2020. The participated companies hold a share of 1/5th of total trade…
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