Rising annuity sales driving demand for shorter-duration assets – AllianceBernstein

[ad_1] “Traditionally, investing assets on behalf of insurance companies was a relatively straightforward matter of matching assets and liabilities. Now, not only are insurers looking to invest in higher-yielding private asset assets, it also makes sense for them to invest more in equity or equity-like structures,” Zhu said, pointing to a recent investment in a…

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State Farm feedback ignored as Montana passes new insurance bill

[ad_1] The bill has garnered significant support from key players in the automotive and insurance industries, including the Alliance for Automotive Innovation, Ford, and General Motors. Ted Culbertson, president of the Montana Collision Repair Association (MCRA), emphasized the importance of OEM procedures in maintaining vehicle safety standards. “When it comes to the people who design…

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IL House committee unanimously approves bill expanding insurance coverage for Alzheimer’s treatment

SPRINGFIELD (WAND News) – A plan moving in Springfield could expand access to Alzheimer’s treatment in Illinois. Legislation signed into law last year require the state employees insurance program to cover medically necessary FDA-approved treatments and medications to slow progression of the disease. The law also requires coverage for diagnostic testing for doctors to determine…

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IL proposal could remove insurance companies from blocking HIV medication

SPRINGFIELD (WAND News) – A bill filed in Springfield would allow doctors to prescribe some HIV medication without needing prior authorization. Prior authorization is when doctors need the approval of insurance companies before they can prescribe drugs. The American Medical Association says insurance companies use prior authorization to save money. The plan would allow doctors…

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Bizarre list of reasons why insurance companies dropped California homeowners: ‘My neighbor’s toilet?’

[ad_1] SAN FRANCISCO (KGO) — Serious questions are being raised about some of the top reasons California homeowners are getting dropped by their insurance companies – including bizarre claims about toilets, pools, and outdated paint. Even having a second barbeque on your property is causing some people to get cut. And as we found after…

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Don’t chase insurance companies out of Florida

[ad_1] Do I wish my property insurance rates were lower? Yes. Do I love my insurance company? Not necessarily. Do I recognize all the complexities involved in Florida’s property insurance market? Indeed. In recent years, many Florida homeowners have faced escalating insurance premiums and dwindling coverage options. While some narratives suggest that insurers are unjustly…

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