In light of the recent Supreme Court case of Connelly v. Internal Revenue Service, owners of closely held businesses may need to reconsider their plan to buy out a deceased owner’s stake in a business with life insurance proceeds. In Connelly, two brothers, Michael and Thomas, were the sole owners of a
After this weekend’s historic flash flooding – even in areas far beyond a flood zone – you might be wondering if you should add flood insurance. Insurance agents say that it depends on several factors. “WAKE-UP CALL” Ryan Kocsis’ house in Oxford is literally an island, cut off from the outside world by flood damage.
BISMARCK — The North Dakota Insurance Department issued a warning Wednesday to residents statewide, saying there are fraudulent rehabilitation centers “preying” on people seeking substance use treatment — especially those living on American Indian reservations. According to the a news release from the department: Victims have been recruited to enter treatment through in-person visits and
For the third consecutive year, the Union Budget of India 2024 does not include captive insurance. Charul Sharma and Andrew Christie of EY take a look at recent developments. The Union Budget 2024 of India was expected to pave the way for the captive insurance industry in the country. However, the budget release did not
By Kristen Fountain/VTDigger For the third year in a row, the Green Mountain Care Board has approved double-digit increases in the cost of annual premiums for individual Vermonters and small organizations who purchase their health insurance plans on Vermont Health Connect. The approved premium increases will affect both individual and small group plans available on the
Lewisville, TX., Aug. 21, 2024 (GLOBE NEWSWIRE) — EZLynx, an Applied company, today announced that Skyline Insurance has selected EZLynx management system as its business foundation. The agency will leverage the all-in-one management system with a single view across all lines of business to build out its digital personal lines workflows while revealing opportunities to
Flyby Guys are delighted to announce a strategic partnership with drone insurance provider, Coverdrone. Drone insurance is important for several reasons, whether you’re using a drone for recreational, commercial, or research purposes. Why do you need drone insurance? Liability Coverage: Drones can cause damage to property or injury to people. Liability coverage protects the drone
Our motto is, ‘Everybody walks to the door gets help,’ but we can only do that if we can keep the doors open. BAKERSFIELD, Calif. (KBAK/FOX58) — During Tuesday’s Board of Supervisors meeting, several disappointed clients spoke about their concerns about how insurance coverage is being discontinued at Cornerstone Center in Tehachapi. The Kern Behavioral
New York, United States , Aug. 21, 2024 (GLOBE NEWSWIRE) — The Global Auto Insurance Market Size is to Grow from USD 735.39 Billion in 2023 to USD 1655.84 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 8.46% during the projected period. Get a Sample PDF Brochure: https://www.sphericalinsights.com/request-sample/4855 A contract between the
WILLIAMSVILLE, N.Y. (WKBW) — Adirondack Insurance Exchange sent a letter to customers last month that said the company’s “financial position continues to deteriorate,” and that customers will need to find a new company for coverage. Daniel Perrone Letter sent to customers in July The letter above was sent to Sarah Andrews, a North Collins woman