insurance

Paducah auto body shop reports receiving fraudulent unemployment insurance claims | News



PADUCAH — A Paducah-based auto body shop has been getting fraudulent unemployment insurance claims, the president of the business tells Local 6. 

Randy Wiersma, president and founder of Randy’s Body Shop on Kentucky Avenue, said on Monday his business received notices stating that two former employees had filed claims for unemployment insurance benefits against the business, because of “lack of work due to COVID-19.” The notices state they are from the Kentucky Office of Unemployment Insurance.

Wiersma said the notices are fraudulent, because the body shop has not laid off any employees during the pandemic, and business has actually been

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Insurance companies could drop newer policy holders following historic 2020 hurricane season

BATON ROUGE – Following a record season last year, the National Oceanic and Atmospheric Administration is considering moving the start of the hurricane season to May 15.

Tropical storm Arthur started the 2020 season forming in mid-May. Before it was over, Louisiana was hit five times. Now, some homeowners are getting hit again by being dropped by their insurance companies.

Louisiana Department of Insurance Commissioner Jim Donelon says it’s a direct result of last year’s hurricane season and some of the smaller companies are feeling the heat.

“Yes, it is happening but not to a great extent,” he said.

The

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Pandemic Insurance Helped the N.C.A.A. Tournament and Others

The N.C.A.A. has been buying coverage for its men’s basketball tournament since the late 1990s, when its annual budget was less than $450 million in today’s dollars. (In its last pre-pandemic fiscal year, the N.C.A.A. reported about $1.1 billion in revenues, including $868 million in television and marketing rights fees.)

“You started to see increases in these media contracts, and it made people realize they needed to protect their revenue streams,” said Kathleen McNeely, the N.C.A.A.’s chief financial officer since 2011.

Underwriters and college sports officials believed there was a very low risk that the tournament, a vast event with

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Spring Crop Insurance Guarantees Set at $4.58 for Corn, $11.87 for Soybeans

For most Midwestern growers, the deadline to purchase crop insurance is March 15. University of Illinois ag economist Gary Schnitkey said farmers should expect premiums to increase. He also encourages farmers to consider a new supplemental crop insurance product, called the Enhanced Coverage Option. While it’s based on county yields instead of farm history, it has a high probability of paying out. For more details on that program, please read “New Crop Insurance Option Provides Higher Levels of Coverage” here: https://www.dtnpf.com/….

Higher crop insurance guarantees reflect the upward trend in prices that began last August, as Chinese demand for

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Covid relief bill will make health insurance more affordable for millions

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If getting health insurance through a public exchange has been too pricey for you, that could soon change.

The $1.9 trillion Covid stimulus package that’s expected to clear the House of Representatives on Friday includes several provisions that aim to make health care more affordable for households. They include: increasing premium subsidies (technically tax credits) through the federal marketplace and state exchanges for 2021 and 2022, expanding who qualifies for them and forgiving amounts due by taxpayers who received too much in subsidies in 2020 (and minimizing that issue for 2021).

While various parts

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8 Insurance Products You May Not Need

These days, it seems like every other television commercial is for yet another insurance product. While consumer choice can be a good thing, not all insurance is as essential as the ads make it seem. “There’s a lot of sales and marketing based on fear that especially targets retirees,” says Jonathan Howard, a certified financial planner with SeaCure Advisors in Lexington, Ky., as well as a former insurance salesman. “People end up buying because they’re terrified of a loss rather than to cover an actual insurance need.”

Although Howard believes insurance plays an important role in anyone’s financial plan, some

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