An Oklahoma workers’ compensation case is under review by the state’s Supreme Court. At issue is whether the Oklahoma Employee Injury Benefit Act is constitutional and enforceable. In February, the Oklahoma Workers’ Compensation Commission ruled in Vasquez v. Dillards that “the benefit plans permitted to be used to opt-out establish a dual system under which […]

It is reported that approximately 90% of life insurance policies go unused or are surrendered. In recent years, many consumers over 65 with a policy exceeding $100,000 in death benefits are turning to another option – cashing out their policies. Is this the right move for aging Americans? In honor of Life Insurance Awareness Month, […]

The office of the state attorney general in New York reached a settlement with BlueShield and two sister organizations. In addition, there is also a requirement for the insurance company to review and revise its current practices. HealthNow, BlueShield’s parent company, issued a statement saying that it would make the changes needed to ensure the […]

Can you collect disability benefits if you’re unable to perform the occupational specialty you’re trained for? In the latest installment of our Disability FAQ video series, Frank N. Darras explains the role specialty letters play in your disability claim and how the definition of your occupation can affect your benefits. Reach out to our New […]

A West Virginia school teacher is suing an insurance company for her long-term disability benefits. The lawsuit was filed in the Raleigh County Circuit Court on Aug. 12. The complaint names Hartford Life and Accident Insurance Company d/b/a CNA Group Life Assurance Company as the defendant. The woman alleges in the complaint that her premiums […]

HealthNow, New York Inc., will be paying claims it wrongfully denied for thousands of covered individuals. The announcement was made by Eric T. Schneiderman, New York’s attorney general. The wrongfully denied claims total over $1.6 million. The attorney general reported that the company, for which about 573,700 people in New York rely on for health […]

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Are you planning a getaway over Labor Day weekend? In our latest podcast episode, we discuss the insurance and safety tips to consider before you pack your bags and hit the road.

The cost of long-term care insurance is often one of the things that keep people from making this important investment. However, according to one financial expert, there are some tax-friendly ways that can help you save money for long-term insurance. — Deduct the premiums for long-term care insurance as a medical expense. Part of the […]

A lawsuit filed against investment giant Morgan Stanley represents about 60,000 participants in a 401(k) plan. The lawsuit, which was filed in U.S. District Court in New York, claims that Morgan Stanley failed to monitor the investment perform as required by Employee Retirement Income Security Act. The complaint states that Morgan Stanley didn’t honor its […]