Universal Life's Rocky Road: The Latest

As we’ve been saying for a long time, the first few Universal Life iterations contained the seeds of their own destruction. Flashing forward a bit, we more recently noted that carriers themselves seem to have a penchant for, shall we say, tweaking that downward decline: “[P]erhaps inspired by the TA litigation, policyholders of other carriers are also suing their insurers, citing much the same legal reasoning.” The newest to enter… Read Article →


SSE makes last-ditch bid for Shetland wind subsidy

Wind power developers on Scottish islands face costly challenges similar to those off the coast due to hostile weather and transmitting power to the mainland. It also offers the same benefits: strong wind speeds which are more consistent than those onshore. In a letter to Business Secretary Greg Clarke SSE, together with would-be Scottish island wind developers including EDF, Peel Energy, 2020 Renewables and Hoolan Energy, restated its case ahead of… Read Article →


Will life insurance agents soon need to redefine their jobs?

If Trump repeals the federal estate tax, higher-end agents may find themselves in wealth management. High-end life insurance agents may have a career shift headed their way if President Elect Donald Trump follows through on the elimination of the federal estate tax. It is still unknown as to whether or not Trump will indeed proceed with that proposal. That said, if he does, it could force agents selling life insurance… Read Article →


Canadian patients continue to seek medical care from Buffalo-area hospitals

Canadian patients continue to be an added source of revenue for Western New York hospitals. A total of 840 Canadian patient visits were recorded at hospitals in the eight-county region in 2015, down from 979 in 2014. The largest share of cases involved outpatient services and emergency department (ED) visits, accounting for 40.6 percent and 35.6 percent, respectively, of the total. The remainder were classified as inpatient, 12.7 percent, and… Read Article →


Failure to Resuscitate

A couple weeks back we shared the news that Obamacare enrollment was flatlining. However, there were still four weeks left in open enrollment which gave hope to resuscitation. Yesterday HHS released another data set with two additional weeks of open enrollment. The prognosis is now dire and indications are showing a failure to resuscitate. The enrollment figures released show only 63,190 new plan selections since January 1st. This is compared… Read Article →


Trump health care reform will include “insurance for everybody”

According to the President-Elect, he is close to completing a replacement for the Affordable Care Act. The President-Elect has now said that the Donald Trump health care reform is coming close to completion. This will replace the Affordable Care Act which was President Obama’s signature health care law. The goal of Trump’s overhaul of Obamacare will be to make sure there is “insurance for everybody.” The announcement of this Trump… Read Article →


Kettering Health Network-CareSource lawsuit to return to court

A court will hear arguments this year on a years-long legal dispute between two major health care companies. Oral arguments are scheduled for March 7 in the Second District Court of Appeals for the continuing, multi-million dollar lawsuit stemming from a contract dispute that dates back to 2013. Kettering Health Network claimed CareSource under-paid it $4.1 million for almost 600 surgeries performed on CareSource members. Messages seeking comment were left… Read Article →

Anthem and AllClear ID

I just received notice from Anthem about the expiration of the AllClear ID protection that was provided after they were hacked: Identity Protection Services due to expire soon January 13, 2017 As you know, individuals impacted by the 2015 cyber attack against Anthem were offered two years of AllClear ID Credit and Identity Theft Monitoring Services (called PRO). That two-year time frame is coming to a close.  We’re writing to… Read Article →


Working households are gloomier about the future than pensioners

Working-age households have for the first time become more pessimistic about the future than their retired counterparts, against a backdrop of rising inflation and stagnant wage growth. Unlike their retired peers, who have enjoyed above-inflation increases in their pensions and property values, working-age households have seen little or no increases in their incomes and now face the prospect of higher prices for things like food, fuel, clothing and overseas holidays, according… Read Article →