Law360 (September 4, 2020, 4:40 PM EDT) — A group of former PPG employees have asked a West Virginia federal judge to let them move forward as a class in their ERISA suit claiming the paint manufacturer transferred the responsibility for their life insurance benefits to another company knowing the benefits would get cut.
In their motion Thursday, the workers told the court that the class and subclass they proposed in the Employee Retirement Income Security Act suit against PPG Industries Inc., its benefits plan and plan administrator were worthy of class certification.
The workers alleged in their suit that PPG led plan participants to believe that Axiall Corp….
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The COVID-19 pandemic is expected to reduce global macroeconomic resilience by about 20% in 2020 from 2019 levels as stimulus packages deplete countries’ fiscal and monetary buffers around the world.
At the same time, the combined global protection gap for key perils is reaching a new high.
According to the latest annual Swiss Re Institute resilience indices, the UK, Japan and the U.S. will experience the greatest falls in resilience among major economies. Switzerland, Finland and Canada remain the world’s three most resilient countries, reflecting their comprehensive economic strength against future crises.
Global economic resilience held up in 2019 compared with 2018, but the world entered the COVID-19 crisis with less shock-absorbing capacity than before the global financial crisis of 2008-09, the last major economic downturn. The Swiss Re Institute Macroeconomic Resilience Index (E-RI) for the world stood at 0.62 in 2019, against 0.61 in 2018.
This year, about 5 million drivers are out on the roads in Massachusetts. Unfortunately, in 2019 Massachusetts drivers were involved in more than 140,000 crashes. As in every other state, it’s required to carry auto insurance if you’re driving in Massachusetts.
While you’re shopping for car insurance in Massachusetts, consider these tips:
To help you more, we’ve identified the top options and tips to help make sure you find the right fit.
The top car insurance companies in Massachusetts
Each insurance company in Massachusetts ranks differently when it comes to individual factors like price, interaction and overall satisfaction. The JD Power 2020 U.S. Auto Insurance Study ranked the top five car insurance companies in the local market based on an average of these criteria.
Crypto exchange Shakepay, which describes itself as âCanadaâs fastest-growing bitcoin platform,â conducted a âproof-of-reservesâ audit and acquired an insurance policy to reinforce its security, perhaps learning a lesson from fellow Canadian platforms QuadrigaCX, Einstein and Coinsquare, which all lost customer funds or have otherwise been involved in scandals over the past 20 months.
The Montreal-based crypto exchange hired blockchain forensics firm CipherBlade to conduct a full audit of its reserves and security policies. To safeguard its customersâ funds, the exchange also tapped a third-party custodian and secured a specific insurance policy for its cold wallets through Aon, underwritten by insurers with Lloydâs of London, the exchange announced Wednesday.
Shakepay CEO Jean Amiouny told CoinDesk the exchange supports bitcoin buying and selling, but tries not to actually hold onto its customers crypto holdings any longer than necessary.
Related: Deribit Suffers Outage Over âHardware Issues,â May Miss Thursdayâs Options Expiry
Car insurance is legally required in most states, but it’s a major financial strain for many Americans. According to the Insurance Information Institute (III), the average annual cost of car insurance in the United States is $1,009, which is roughly $84 a month.
Although the price of car insurance varies significantly by state, it’s not cheap. Low-income individuals who can’t afford car insurance are more likely to forego insurance coverage altogether, which can land them in serious trouble.
However, low-income individuals who struggle to pay for standard insurance have another option-enroll in a low-income auto insurance program. In this article, we’ll explain who qualifies as low-income and what states offer a low-income insurance plan.
The usage-based insurance market is set to gain importance due to the pandemic.
The UBI market is expected to reach $125.7 billion globally by 2027 at a compound annual growth rate of 23.0%.
In our recent Usage-Based Auto Insurance Report, we discussed how this business model, which enables insurers to charge customers per mile they’re driving or based on their driving behavior, rather than demographic information, will continue to grow in importance. The usage-based insurance (UBI) market is expected to reach $125.7 billion globally by 2027 at a compound annual growth rate of 23.0%, up from an estimated $24 billion in 2019, according to Reportlinker.com.
The usage-based insurance market is set to gain importance due to the pandemic.
Business Insider Intelligence
The coronavirus pandemic is driving the need for alternative insurance models to replace conventional policies. In response to consumers driving less due to lockdown restrictions, many auto insurers had
This one goes out to all the pet parents. Raise your hand if you’ve ever…
Come home to find the one square of carpet in your home covered in vomit.
Taken your dog out for a “quick” potty break that turned into an afternoon lawn-watering session.
Been woken up at 3 a.m. by alarmingly loud kitty coughs.
These incidents can be stressful, inconvenient, and—when the vet is needed—expensive.
More pet parents today are finding relief from these incidents by getting pet insurance, which is built to support pet owners with surprise vet bills for accidents and illnesses. The total number of insured pets in the U.S. nearly doubled from 2014 to 2018, according to the North American Pet Health Industry 2019 Report.
Insuring your cat or dog can be a value-add for the conscious pet parent, and the premium you pay can vary greatly based on the coverage you choose.
DUBLIN, Aug. 14, 2020 /PRNewswire/ — The “IoT Insurance Market Report: Trends, Forecast and Competitive Analysis” report has been added to ResearchAndMarkets.com’s offering.
The global IoT insurance market is expected to grow with a CAGR of 60% from 2019 to 2024. The study includes the IoT insurance market size and forecast through 2024, segmented by insurance type, end-use industry, and the region.
The future of the IoT insurance market looks promising with opportunities in the automotive and transportation, home and commercial buildings, life and health, business and enterprise, and consumer electronics and industrial machine industries. The major drivers for this market are the growing adoption of internet of things (IoT) products, growing demand of cloud platform and other value added services in the insurance industry and reduction in premium and risk related costs.
Some of the IoT insurance companies profiled in this report include International Business Machines Corporation (IBM),
LOS ANGELES, CA / ACCESSWIRE / August 15, 2020 / Compare-autoinsurance.org (http://compare-autoinsurance.org/) is a top auto insurance brokerage website, providing car insurance quotes online from trustworthy agencies all over the United States. This website explains what Personal Injury Protection (PIP) car insurance is and why drivers should buy it.
Personal Injury Protection insurance (PIP) is one of the least understood types of insurance. Many policyholders don’t know that much about this coverage. This insurance will cover bodily injury after a car accident. This coverage was created because it took to long to decide who caused the accident and had to pay all the medical bills. PIP insurance will cover the policyholder and the immediate family members while occupying a car, or if they are struck by a vehicle while walking on the sidewalk. Also, PIP will cover any person inside the policyholder’s vehicle.
Louisiana drivers will pay the highest prices for auto insurance in the nation next year despite having passed a sweeping tort reform law that was sold as a way to dramatically lower premiums by as much as 25%, an insurance industry executive, who was one of the primary forces behind the legislation, told a panel of primarily Republican businessmen and legislators, who helped pass the new law.
“Frankly, I think we’re going to be number one next year,” said Jeff Albright, head of the Independent Insurance Agents & Brokers of Louisiana. He was addressing the Aug. 6 meeting of Louisiana Economic Recovery Task Force, a group of mostly Republican businessmen and legislators put together by House Speaker Clay Schexnayder, R-Gonzales, and Senate President Page Cortez, R-Lafayette, to advise lawmakers and advocate policies.
Louisiana has had the nation’s second-highest auto insurance rates — the average here is $2,480 annually, according to
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