Unemployment insurance claims continue to go down in North Carolina and across the country | State and Regional News

frank lamjus

Initial unemployment-insurance benefit claims in North Carolina remained on the decline last week, the U.S. Labor Department reported Thursday.

North Carolina experienced a 35.5% decrease, to 17,402, for the week that ended Aug. 1.

Nationwide, there were 1.19 million initial claims filed last week, compared with the revised figure of 1.43 million for the week that ended July 25. Claims have surpassed the 1 million mark for 20 consecutive weeks.

The national peak to date was the 6.87 million claims filed the week that ended March 28.

The nationwide total of UI claims filed since March 15 is 53.8 million, though that number could be affected by individuals filing multiple claims if they had multiple jobs. There were 32.1 million individuals with an active claim as of July 18, up from 30.2 million as of July 11.

North Carolina had the 13th highest UI claim filings in the nation last

Read More

State Unemployment Insurance Systems Are Held Together With “Chewing Gum and Duct Tape”

frank lamjus

The COVID-19 pandemic has sparked an unprecedented economic crisis, during which more than 30 million Americans have relied on state and federal unemployment benefits as a lifeline. While states have delivered hundreds of billions of dollars in aid to the jobless, almost everyone would admit that the process was something like a catamaran sailing during a hurricane. Millions of claimants had to wait weeks to receive their payments, and new benefits promised by the CARES Act to gig workers, students, and others typically ineligible for aid took weeks, even months, to set up and deliver.



a close up of a logo: Photo illustration by Slate. Photo by pic_studio/iStock/Getty Images Plus and Samohin/iStock/Getty Images Plus.


© Provided by Slate
Photo illustration by Slate. Photo by pic_studio/iStock/Getty Images Plus and Samohin/iStock/Getty Images Plus.

As a new data dashboard from the Century Foundation and New America makes clear, only 60 percent of unemployment  claims submitted by mid-June were paid by June 30—better than in the spring, but still far below historical averages.

Read More

Unemployment Insurance Extended Benefits will lapse too soon without policy changes

frank lamjus

The unprecedented scale of income support provided to displaced workers due to the COVID-19 pandemic has made the economic downturn less severe than it might have been for millions of U.S. households. Although there has been considerable focus on the July 31, 2020 expiration of the federal government’s initial tranche of more generous unemployment insurance (UI) benefits, less attention has been paid to a looming crisis: the millions of workers who are at risk of losing UI when extended benefits lapse.

Under consideration in Congress are new automatic stabilizers for critical countercyclical programs, similar to what was highlighted in The Hamilton Project and Washington Center for Equitable Growth’s book Recession Ready. We show in this blog post that there is room for Congress to improve the triggers under current law that turn on and maintain the Unemployment Insurance Extended Benefits program to support the long-term unemployed when the labor

Read More

How To Get Accurate Car Insurance Quotes, Compare Results And Save Money

frank lamjus

LOS ANGELES, CA / ACCESSWIRE / August 6, 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 more about shopping online for car insurance and how to find the best deals.

With the help of the internet, drivers can find insurance providers that offer good insurance plans at affordable prices. For many, finding the best insurance deal by going from one insurer to another is time-consuming and nerve-wracking. With the help of online quotes, drivers can avoid these unpleasantries and they can search for the best car insurance deal without wasting time.

To obtain accurate car insurance quotes when comparing, drivers should consider the following:

  • Complete the same data on each form. Policyholders should ensure they put the same info when they complete questionnaires from different websites or they simulate
Read More

Health Insurance Options Amid Pandemic

frank lamjus

For the tens of millions of Americans who have lost their jobs, there is another frightening reality to absorb: amid a global health pandemic, they no longer have health insurance. This is one of the big problems with having insurance linked to a workplace plan, but for more than 156 million Americans, or just under half of the country’s total population, that’s the coverage they have.

According to healthcare advocacy group Families USA, layoffs between February and May meant that 5.4 million workers lost their health insurance coverage, “an increase nearly 40 percent higher than the largest previous annual increase in uninsured adults ever recorded.” If you suddenly find yourself uninsured, there are three choices for coverage: COBRA, the Affordable Care Act, and Medicaid.

Let’s start with COBRA (Consolidated Omnibus Budget Reconciliation Act), the federal rule that requires group health plans “to provide a temporary continuation of group health coverage

Read More

Best Renters Insurance of 2020

frank lamjus

If you’re a renter, protecting your personal belongings should be a top priority, even if you don’t own your home. Renters insurance — also known as an HO-4 policy — is a homeowner’s insurance policy without coverage for the dwelling itself.



a close up of an umbrella: 2020-Best-Renters-Insurance


© Money
2020-Best-Renters-Insurance

We identified the best renters insurance companies of 2020 through conducting more than 150 hours of research, including interviews with experts in the fields of insurance and real estate and vetting 21 insurers. We also analyzed over 400 data points on the companies as a whole — including customer satisfaction scores, complaint ratios, coverage options, and financial strength ratings. For details, read more about our methodology.

Money’s Top Picks

Erie Insurance: Best for Comprehensive Coverage

Erie Insurance is a fine choice for renters insurance for many reasons. Among the most important is that it offers several policy bundles that combine its base renters policy with

Read More

The Future of Insurance Industry Will Not Be Decided by Insurtechs Alone: Viewpoint

frank lamjus

Led by ambitious entrepreneurs from outside insurance, backed by Silicon Valley and focused on industry disruption, early insurtech initially promised to displace incumbents and usher in a new era of insurance offerings and tech-driven solutions.

Nearly 10 years since its inception, the reality of insurtech has evolved.

The messaging about supplanting industry giants is gone. In its place is a more collaborative environment led by insurance industry leaders partnering with tech solution providers. The simple reality is technology cannot do everything. The integration of experienced insurance professionals and tech is needed to manage across the insurance value chain.

Insurtech is creating buzz through mergers and acquisitions, further integrating innovative technologies with insurance industry leaders.

There

Read More

Maternity benefit could be increased

frank lamjus

NEW DELHI :
The Employees’ State Insurance Corporation (ESIC) has moved a proposal to increase the confinement (maternity) expenses paid to an insured woman or an insured person for his wife under its health insurance scheme to 7,500 from 5,000.

According to a draft notification issued by the Ministry of Labour and Employment, stakeholders have been given 30 days’ time for providing their feedback on the proposal to hike maternity benefit under the ESI insurance scheme after which the government would consider the feedback and take the final call.

The notification proposes to change Rule 56A of the Employees’ State Insurance (Central) Rules, 1950, substituting the words “rupees five thousand” with “rupees seven thousand five hundred”.

Under Rule 56A, an insured woman or an insured person in respect of his wife is paid 5,000 per case on account of confinement expenses.

The benefit is available in those

Read More

Study reveals women’s experiences in maternity care based on insurance type

frank lamjus

Giving birth in the United States is a radically different experience based on race and income, illustrated most brutally by the Black and Indigenous maternal mortality crisis.

Now, a new study from the Boston University School of Public Health (BUSPH) and the National Partnership for Women & Families finds insurance type itself also plays a role in how mothers are treated, and how much agency they have in maternity decisions.

Published in the journal PLOS ONE, the first-of-its-kind study is part of Listening to Mothers in California, which examined women’s experiences giving birth in California hospitals in 2016.

The study finds that, after adjusting for demographics and health conditions, a mother on Medicaid is three times less likely than a mother on private insurance to feel she had a choice about whether she had a vaginal or cesarean birth, or an

Read More

Palomar Holdings, Inc. Confirms AM Best Assigns Credit Ratings to Palomar Excess and Surplus Insurance Company

frank lamjus

Press release content. The AP news staff was not involved in its creation.

LA JOLLA, Calif., July 28, 2020 (GLOBE NEWSWIRE) — Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today confirmed that AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Palomar Excess and Surplus Insurance Company (PESIC) (Arizona). The outlook assigned to these Credit Ratings (ratings) is stable.

Mac Armstrong, Palomar’s Chairman and Chief Executive Officer commented, “The receipt of an A- Financial Strength Rating from A.M. Best allows PESIC to go to market with a strong balance sheet and a well-vetted strategic plan. The pooled resources of Palomar Specialty Insurance Company and PESIC now provide our distribution partners with innovative specialty property insurance products from well-capitalized admitted and E&S insurance vehicles. PESIC’s third quarter launch will further enable Palomar to respond even more

Read More