Liability Insurance Proceeds and Coverage Considerations When Insureds File for Bankruptcy We’ve all seen the headlines—from Hertz to Brooks Brothers and CEC (Chuck E. Cheese’s parent), many prominent companies have filed for bankruptcy protection in recent months. The total number of Chapter 11 bankruptcy filings over the first half of 2020 was up 26% compared to the first six months of 2019, and most commentators expect to see this rise in bankruptcies continue as COVID-19 further hampers economic activity. Most practitioners with no real exposure to bankruptcy law may be aware of the general ramifications of bankruptcy proceedings. Upon a bankruptcy petition’s filing, all of the debtor’s...
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Most people hope to continue to live independently at home as we age. Not only is it comforting to be among family, friends, and familiar surroundings, there are many health and financial advantages too. Statistics show that people who spend their later years in their own home, as opposed to a nursing care facility, have a vastly improved quality of life. Physical health is better because of the reduced risk of getting an infection or virus. Mental health is generally better because there is less stress at home, and the financial burden of nursing home care is lifted when home care is a possibility. But aging in place can be challenging if you or your loved one has a mobility problem. If...
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John Hancock Life Insurance Co. plans to try out a number of wellness programs on some of its long-term-care insurance policyholders, which experts say would both help clients live longer, healthier lives and possibly provide an economic prop to one of the largest LTC insurers. The first of the pilot programs, the LIFT Wellness Program, involves an in-home visit by a registered nurse, who will “conduct an assessment, and may recommend certain behavior changes related to nutrition, exercise and/or home modifications with a focus on fall prevention,” according to a letter sent to advisers last month by the insurer and obtained by InvestmentNews. The assessment will be followed by...
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Protection for equipment that helps you and keeps you healthy At some point most of us will rely on a device to stay healthy, or for help in our daily life. We might need glasses, contact lenses or a hearing aid to help us see or hear. Crutches, a wheelchair or a stair lift might help us get around more easily. Some of us will need breathing equipment such as a nebuliser or portable oxygen tanks to stay healthy. In future more of us will use wearable technology to manage our fitness or to keep a check on a medical condition. It can add up to a lot of expensive equipment for your health and well-being, so it pays to check that you are covered in case of theft or damage. What’s covered by...
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Abstract Introduction: Recent years have seen an increased utilisation of upper body lift following massive weight loss. Although it is typically considered cosmetic, the recurrent skin conditions and decline in quality of life may warrant medical necessity. We evaluated current insurance coverage and characterised policy criteria for upper body lift in the post-bariatric population. Methods: We defined upper body lift as a combination of mastopexy and upper back excision (UBE) and conducted a cross-sectional analysis of US insurance policies. Insurance companies were selected based on their enrolment data and market share. A web-based search and telephone interviews were conducted to...
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What Is a Moratorium? A moratorium is a temporary suspension of an activity or a law until future events warrant lifting the suspension or related issues have been resolved. A moratorium may be imposed by a government or by a business. Moratoriums are often enacted in response to temporary financial hardships. (Both "moratoriums" and "moratoria" are acceptable as plural forms of the word moratorium.) For example, a business that has exceeded its budget might place a moratorium on new hiring until the start of its next fiscal year. In legal proceedings, a moratorium can be imposed on an activity such as a debt collection process. The moratorium will be lifted when a related...
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Life Insurance Awareness Month – The pefect time to get your insurance rates in shape. September is Life Insurance Awareness Month and there’s no better time to understand how your lifestyle could affect your insurance policy. Diet and exercise are the best ways of maintaining a healthy lifestyle, but given the current economic downturn, it’s becoming even more important to also keep a healthy budget. Fortunately, balancing your budget and staying healthy can go hand-in-hand. The DOI and the National Association of Insurance Commissioners (“NAIC”) provide these tips on how a healthy lifestyle may lower your insurance premiums while it lowers your risk of health concerns....
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Hexie Health Insurance Co Ltd has donated 49.74 million yuan ($7.22 million) of personal accident insurance to villagers in East China's Shandong province as part of an effort to lift rural citizens out of poverty. Each resident of Xujiagang village in Rushan, Shandong province, who is under the age of 80, was granted an average insurance of more than 100,000 yuan. The insurance period is one year. Listed as a provincial poor village in 2014, Xujiagang now has 208 families, 115 of which were certified by the local government as living in poverty. The company has also donated office equipment worth up to 10,000 yuan to the village. A subsidiary of China's Anbang Insurance Group, Hexie Health...
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Lockdown lift to be ‘incremental’, with mining industry officially beginning to restart © Copyright (c) Daily Maverick, All Rights Reserved The relaxation of South Africa’s lockdown to contain the Covid-19 pandemic will be ‘incremental’, Minister of Cooperative Governance Nkosazana Dlamini Zuma announced on Thursday. There will be no sudden return to normal and amendments will be made each week for a gradual relaxation of the rules. The mining industry and oil refineries now have the green light to begin rebooting. Various ministers led by Minister of Cooperative Governance Nkosazana Dlamini Zuma gave a televised and online media briefing to provide an update on the Covid-19 lockdown...
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Everything You Need to Know About Butt Implants Butt implants are artificial devices surgically placed in the buttocks to create volume in the area. Also called buttock or gluteal augmentation, this procedure has grown increasingly popular in recent years. One estimate reported by the American Society of Plastic Surgeons notes that buttock augmentation surgery has increased by 252 percent between the years 2000 and 2015. The most popular types of buttock-related surgeries include butt lifts, implants, and augmentation with fat grafting. Despite their popularity, butt implant surgeries aren’t without risk. Discuss the possible benefits and side effects, as well as any expected costs...
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