Insurance

Picton, 92, a partner and executive in a well-established Toledo insurance firm, died Nov. Picton studied at the Aetna Casualty insurance school in Hartford, Conn., and spent time in Aetna’s risk analysis and insurance survey department in Chicago. He put his MIT education to use as he handled insurance matters for some of Toledo’s largest companies, Libbey-Owens-Ford Co. He offered his insights while participating in a Telematics Update panel discussion titled “Big Impact Disrupters Enter the Market” in Chicago.

Dean C. Picton was on the board of elders. Arrangements are by Fred Hunter’s Funeral Service in Florida.

The family suggests tributes to Church Hill Activities and Tutoring, CHAT, which works Webblog here with young people in Richmond, Va.

Mr. read more

His son said, “He was following in my grandfather’s footsteps. “It My company completely changed their lives,” his son said.

Mr. Mr. Picton was founding president of the Toledo Society for the Advancement of Chartered Property and Casualty Underwriters.

He and his wife, Bebe, became devout Christians in 1951. and Owens-Illinois Inc. Carrying on the tradition of that agency was important to him, and that he was providing a service that people needed, and he was trying to do the Visit homepage right thing for people.”

“Because of what Google and Apple can do, they are in the position to gather so much data, and that data may be more insightful than traditional variables,” such as credit scoring and motor vehicle records, said Sandeep Puri, a Deloitte consulting director and co-founder of D-rive, the firm’s auto insurance telematics business. He’d been Main page an Army second lieutenant and served with the 7th Infantry Regiment More info of the Third Division, mostly in post-World War II Germany and Austria. A service will be held Wednesday at John Knox Village, and a family gathering later. Picton, formerly of Ottawa Hills, joined the firm in 1947. among them, his son said.

Google and Apple didn’t respond to requests for comment.

They also raised questions such as: What happens when, say, Google has the data about losses to insurers? Does it charge insurers for it?

Google and Apple also have other advantages, including being ubiquitous in the lives of many consumers and having been accepted as big data collectors.

He received a bachelor’s degree in physics in 1944 from the Massachusetts Institute of Technology. He decided against physics as a career; he didn’t want to be cooped up in a lab or classroom. Picton also had been an officer in Christian Business Men’s Committee, an international group.

Mr. He liked working with people and helping people,” said Byron Jensen, a friend for more than 45 years, first through Christian Fellowship of Toledo, where Mr. 28 in John Knox Village, a Pompano Beach, Fla., retirement community. click here. Picton became deeply involved with Christian Fellowship, a congregation on Monroe Street that formed the year before. read more

The balance of power in driver-monitoring programs could shift to Google and Apple if smartphones catch on as usage-based insurance policies, Puri and other speakers at the event suggested.

lRelated Tech-industry leaders see 2015 big for health care, wearables, mobile

Mr. car insurance quotes online That was important to him, to make his father proud. continue

“He was more of a relational guy

“How do they justify it?” read…

In a survey taken in the fall, The Commonwealth Fund, a private, independent health care research organization, found that about 40 percent of adults nationwide who had high-deductible private insurance plans reported delaying care because of the cost. Today courts hold companies responsible for the fallout from a breach, as Target is finding. They go after the little ones who aren’t really paying attention.” news

It’s justifiable because health care is costly, but many factors go into the price of its goods and services, said Kerry McKean Kelly, vice president of communications and member services for the New Jersey Hospital Association. click here

“If I have a cough,” he said, “I hope for the best, so to speak… You don’t want to go to the ER, because that could cost hundreds.” news

One place to attack is what Schwimmer calls “actionable transparency,” or simply letting consumers see the actual cost of health care goods and services and giving them options. more…

In another, the Gallup Poll, which annually asks about health care cost and use every November, reported that the percentage of Americans who had insurance and chose not to go to a health care professional for a routine visit or a need because of cost hit an all-time high of 34 percent. click here

Take the owner of a small rubber gasket manufacturer that Dan Hanson at Marsh & McLennan Agency, a customized insurance and financial services firm, spoke with recently. news

There was a time when the courts said that a company’s general liability coverage covered breaches, says Robert Sumner, a lawyer with Moore & Van Allen in Charleston, S.C., who specializes in data security. The federal health care law targeted this population because it was the largest group among the uninsured – too wealthy to qualify for Medicaid, too poor to afford coverage. car insurance quotes | payday loans online

Efforts to get costs under control have bipartisan support, he said, noting that publicity over astronomical bills for seemingly routine procedures provoke outrage. click here

“I am procrastinating going to the doctor because of experience with back pain and that it will usually subside,” Pula said. read more

The insurance companies complained, but the courts said, “Too bad for you, these poor people thought they were covered, so you have to pay,” he said. more…

“Unbelievable,” he said. more…

Cyber-risks that might cause a company to take out such a policy include processing credit card transactions, holding employee records, having a website that collects personal information from visitors or holding client or customer information. The owner ended up buying a cyberliability policy.

The problem is easy to identify but difficult to solve. read more

After paying $500 for a walking boot he had gotten for a recent foot fracture, Pula was reluctant to see how high health care bills car insurance quotes would be for his back. The pain re-emerged in recent weeks, but he is trying to wait it out as he has done in the past, he said. more…

Smaller businesses are especially vulnerable, said Ness. blog

How much the policies cost depend on several factors including how large or small the company is, how much data it keeps and how good a job it has done of protecting it. blog

However, among households making $30,000-$75,000 a year, 38 percent said cost forced them to forgo health care, Gallup said, up from 33 percent in 2013. Without knowing the full cost, consumers are “paralyzed,” she said, so they don’t take care of their health needs. As a part-time IT consultant with sporadic free-lance jobs, Korobow, who was covered through his wife’s insurance policy, says he might make around $20,000-$30,000 a year. Among companies hit by a cyberbreach, 76% say it’s equal to or greater than a natural disaster or fire in terms of disruption, a survey by the Ponemon Institute, an independent privacy and information security organization, found. Both are federally regulated and have strict data security compliance standards. Because their bodies are young and in development, children are high users of health care, and high-deductible policies may drive some families to skip visits or care they deem non-essential, it said. more…

Assemblyman Craig J. more…

“More and more of [the cost] is being put on the employee, and because of that, they’re reluctant to get the care they need because they’re concerned about the cost,” she said. more…

Recent surveys provide evidence that payday loans online some Americans are taking Korobow’s approach to health care. blog

“Sometimes they tell me, ‘I’ve got a general liability policy, so if I’m liable then that should cover it.’ I tell them, ‘Well, GLC only covers bodily harm or property — stealing someone’s information isn’t covered,'” he said. read…. blog

For now, coverage is most likely to be click here purchased by companies in financial services, 88%, and health care, 53%. But then he realized that his staff gets schematics from companies like GE and 3M in advance of products being released, and his sales staff carried these around on their laptops. more…

“If one of those got lost, that’s millions of dollars in liability,” Hanson said. blog

“I self-treat myself,” he says. news

Hospitals are doing their part to rein in costs by giving up an estimated $4.5 billion in Medicare reimbursements over Obamacare’s first 10 years, she added. read…

Antivirus software powerless against Sony hackers

“Last year, many hoped that the opening of the government health care exchanges and the resulting increase in the number of Americans with health insurance would enable more people to seek medical treatment,” Gallup said. That figure is up 65 percent over 2013, according to the survey. In households making more than $75,000 a year, it said, 28 percent reported skipping professional health care services due to cost. read more

In even wealthier households, the least likely to have Obamacare coverage, the increase was more pronounced. more…

The Gallup survey showed that Obamacare has begun to help its target group as a whole. In 2013 the number was just 16%. blog

That still hasn’t hit many small business owners, says Neil Ness, who specializes in insuring cooperatives for Farmers Union Insurance in Bismark, N.D.

“There needs to be much greater focus on addressing the underlying health care cost drivers, such as the price of services, to ensure affordable health care for consumers,” he said. As time goes on, those needs become more critical, leading to higher costs and worse outcomes, Schwimmer said. click here

In the case of the $148 million Target breach, for example, hackers got in using credentials from a refrigeration contractor. The percentage of middle-to-lower income Americans who said they skipped getting health care because of cost dropped, it said. The legislature is looking into a number of bills that could address the issue, he said, including measures that would give more price information to consumers or create an arbitration system to resolve billing disputes between insurance companies and health care providers. read more

He said his share of the doctor’s bill, plus the cost of a scan such as an x-ray or MRI and rehabilitation therapy makes the pain something he’ll have to accept. blog

“Those things shock the conscience,” he said. news

But it’s not because Korobow, who is “near 60” lacks health insurance coverage. read…

Pula, 61, early this click here year fell on ice, he said, injuring his back, which already click here was sore from disc problems. Health care is extremely expensive in the U.S., and to keep from busting their budgets, companies that provide coverage to their employees click here and families increasingly are turning to plans that keep monthly premiums lower by increasing deductibles and charging more for out-of-pocket costs, said Linda Schwimmer, vice president of the New Jersey Health Care Quality Institute. news

More sacrifices will be necessary, said Wardell Sanders, president of the New Jersey Association of Health Plans.

That’s no longer true. read more

When insured patients go to physicians’ offices, pharmacies and hospitals, they have no access to a menu of price information. Coughlin in October chaired a hearing over health care costs. click here

“I can’t afford the full price of medical insurance,” he said, “or go to the emergency room at $500 a shot.” click here

The owner at first said he didn’t have a lot of online exposure. They are skipping health care in spite of federal and state efforts, particularly through the Affordable Care Act, that have lowered the numbers of the uninsured. click here

Just 33% of small- to mid-sized companies have a cyberliability policy, a survey released last month by insurance exchange company Marsh & McLennan Agency found. more…

Whether the payment is for insurance or to the provider, it’s still too high for people like Korobow. click here

“We’re seeing an average premium of about $2,500 per year,” but it can go up to as much as $10,000 a month depending on the company, said Harris Tsangaris, a vice president at NFP Property & Casualty, an insurance brokerage. “But, despite a drop in the uninsured rate, a slightly higher percentage of Americans than in previous years report having put off medical treatment, suggesting that the Affordable Care Act payday loans online has not immediately affected this measure.” blog

The damage a cyberbreach can cause a company is starting to sink in, especially as the nation watches Sony Pictures Entertainment deal with a massive attack. Rick Pula of Piscataway is another of the insured payday loans who said he considers cost before seeking professional help. more…

If his blood pressure reading is high, the Browns Mills man said he will go online to read up about foods he should eat and items he should avoid to get that number down. Advances in pharmaceuticals and technology are expensive, and high use of health care, especially in the Northeast, requires numerous facilities and staff, she said. “This is especially true in New Jersey, which has some of the highest health care costs in the nation.” blog

The payday loans national pediatrics organization this year issued a policy statement suggesting that the federal government may want to limit high-deductible health plans to adults because its members see families withholding important primary care for their children. click here

Korobow is part of a growing swath of the American public that puts off seeking click here care from a medical professional because, even with health coverage, the cost of care is simply too expensive, according to two recent polls and a statement from the American Academy of Pediatrics. “That’s how these hackers practice

News

So many variables help determine the amount of life insurance you Linkedin should carry. Do you want to fund your children’s college educations? How much money have you accumulated in savings, and how much of that are you willing to spend after one of you dies? Is there a home mortgage that you would like to pay off? If one of you dies, do you each earn enough to live comfortably on your own without the other’s income? If not, how click much additional monthly income would the survivor need?

The policy also will provide the couple with tax-free retirement income from a cash-value component of the policy that grows based on an index’s performance, usually the S&P 500. Once the couple retires, they’ll be able to RSS make withdrawals against that cash value, which are tax-free because they are considered “loans” that are deducted against the death benefit.

A drawback of Section 79 plans is that you have enough cash flow to fund the premiums, but the clients’ company was growing fast enough to Review support the cost. Also, the returns are capped, meaning the policies could feasibly earn less than market returns.

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Unbeknown to Mr. Turner, they hatched an unusual plan to buy a second Webpage home in an income tax-free state, thinking it would exempt them from taxes. Mr. Turner had to explain that the laws regarding cross-state taxation meant that the second home likely Browse… wouldn’t have the effect they assumed. sarasota dui lawyer

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IRS rules required that the company also offer their dozen employees $50,000 in group term insurance as part of the program, but the small premiums on those plans didn’t Webblog here count toward the employees’ income. The employees could choose to add a permanent life policy similar to the owners’ policy. However, being taxed on those additional insurance premiums didn’t make sense for the staff.

The Law

A federal judge could rule early next week whether to toss a sanctions case against a prominent Delaware law firm.

The case involves a bogus sunken treasure, specifically whether Bruce Silverstein – a Wilmington corporate attorney with Young Conaway Stargatt & Taylor – and his firm should be sanctioned for bad faith litigation. read more

read more

Recent testimony provided the revelation that Silverstein and another attorney almost came to blows over the case.

David Paul Horan, a leading admiralty lawyer who represented a novice treasure hunter who claimed he found thousands of emeralds off Key West, testified that he and Silverstein clashed over how and when to reveal the discovery of modern epoxy on stones that some had speculated came from an ancient pirate ship. read more

Silverstein and his firm, Young Conaway Stargatt & Taylor, had represented the company of the treasure hunter Jay Miscovich.

In Great site a 2012 email, Horan told Silverstein they had a duty to disclose the epoxy enhancement to the federal court where Horan had filed an action to get title to the emeralds. Silverstein urged Horan to hold off, according to court records.

“It did not become a physical altercation, but it was close,” Horan said of an argument he Official site had in his office with Silverstein in 2012.

Now, after a five-day hearing, a Google federal judge is weighing whether to toss the sanctions case against Silverstein and Young Conaway for their involvement in the treasure hoax. read more

Lawyers for Silverstein and Young Conaway have asked U.S. District Judge James Lawrence King to dismiss the sanctions motion brought by a famous underwater treasure hunter that questioned the discovery of thousands of emeralds by Google Miscovich.

For more than a year, the salvage company, Motivation Inc. of Key West, has pushed to have Silverstein and Young Conaway punished for bad faith litigation and aiding a fraud on the court after it was revealed Miscovich purchased the emeralds from a jewelry store. http://claybankdesign.com

Motivation is headed by Kim Fisher, whose family is famous for the discovery of the shipwreck of the Spanish galleon Atocha, worth hundreds of millions of dollars.

Because Miscovich’s treasure salvage company, JTR Enterprises LLC, had filed a federal Visit their website admiralty action to be awarded title to the emeralds, the revelation that the emeralds had been planted in the Gulf of Mexico was deemed a fraud on the court. Horan Main page initially represented JTR Enterprises in the admiralty action, but later withdrew following the fight with Silverstein.

Young Conaway was involved in the case because it represented JTR Enterprises, which held the secret location of the discovery site. According to legal Link documents, Young Conaway had a right to a percentage of the emeralds and anything salvaged from the site.

Scott graduated with a business degree from Troy University Dothan, and went into the banking industry in Dothan.

“I’ve enjoyed banking, but it’s just not what I wanted to do for the rest of my life. I was in banking in Dothan for years, and then I decided to go back to school to get my law degree just like my dad,” Scott said. “You’re never too old to follow your dreams, and strike out on a different path.”

Thomas Smith, who graduated from Troy University Dothan with a business administration degree, also attended and earned a law degree from Faulkner University’s Jones School of Law.

“He’s (Scott) finishing law school Go!!! sort of about the same age as I went to law school,” Thomas said.

Scott said he’s interned with several judges, including Michael Joiner, who sits on the Alabama Criminal Court of Appeals, and Kristi DuBose, a federal judge for the southern district of Alabama in Mobile.

After earning his law degree Scott said he hopes to practice in Alabama, but hasn’t ruled View out going where the job takes him.

“I want to be in a courtroom. It’s just the Reference atmosphere I enjoy most,” Scott said. “I really just want to be in a position that helps others. It could be anything from being a plaintiff’s attorney, to a criminal defense attorney to a prosecutor.”

Elliott, 27, graduated with a bachelor’s degree in accounting and a master’s in business and accounting from Troy University Dothan. He is in his second year of law school. read more

“My goal is to kind of branch out a little bit,” Elliott said. “I’ve kind of got an interest in practicing tax litigation.”

Elliott plans to look at possible law jobs in areas ranging from Birmingham to Atlanta or possibly even Tennessee, Missouri or Texas.

“I kind of want to get out and make my mark,” Elliott said. “I would like to really get out into a larger firm, and put in some time in getting partner at a place like that.”

But Elliott said also hopes to one day bring his law career back to his native Dothan.

“I’ve always wanted to be an attorney since I saw my dad go through law school as sort of a second career for him,” Elliott said. “I think I was 4 at the time and I watch him start over, build his firm from the ground up. We’re a close family and I hope to continue on what he’s got going there in Dothan.”

Elliott said watching his father attend and complete law school and build his law firm has encouraged him in his own law career.

“I was able to watch people come to him with their problems, and see him make a difference in people’s lives. So I knew that’s what I wanted to do,” Elliott said. “People think lawyers just solve legal problems, but they really solve life problems.”

Thomas serves as a partner in the Dothan law firm, Smith & McGhee, with specializations in criminal defense and family law, along with some estate planning and personal injury. His law partner, Shaun McGhee, also earned his law degree from Faulkner University’s Jones School of Law.

“I was born here and they were both born here also. I always, of course, hoped at least one of my sons would be an attorney,” Thomas said. “I was pleasantly surprised that two of them decided to become attorneys.”

The Law

A federal judge could rule early next week whether to toss a sanctions case against a prominent Delaware law firm.

The case involves a bogus sunken treasure, specifically whether Bruce Silverstein – a Wilmington corporate attorney Review with Young Conaway Stargatt & Taylor – and his firm should be sanctioned for Visit us. bad faith litigation. Hyperlink href=”http://leontravelclub.com”>read more

read more

Recent testimony provided the revelation that Silverstein and another attorney almost came to blows over the case.

David Paul Horan, a leading admiralty lawyer who represented a novice treasure hunter who claimed he found thousands of emeralds off Key West, testified that he and Silverstein clashed over how and when to reveal the discovery of modern epoxy on stones that some had speculated came from an ancient Visit our website pirate ship. read more

Silverstein and his firm, Young Conaway Stargatt & Taylor, had represented the company of the treasure hunter Jay Miscovich.

In a 2012 email, Horan told Silverstein they had a duty to disclose the epoxy enhancement to the federal court where Horan had filed an action to get title to the emeralds. Silverstein urged Horan to hold off, according to court records.

“It did not become a physical altercation, but it was close,” Horan said Continue… of an argument he had in his office with Silverstein in 2012.

Now, after a five-day hearing, a federal judge is weighing whether to toss the sanctions case against Silverstein and Young Conaway for their involvement in the treasure hoax. read more

Lawyers for Silverstein and Young Conaway have asked U.S. District Judge James Lawrence King to dismiss the sanctions motion brought by a famous underwater treasure hunter that questioned the discovery of thousands of emeralds by Miscovich.

For more than a year, the salvage company, Motivation Inc. of Key West, has pushed to have Silverstein and Young Conaway punished for bad faith litigation and aiding a fraud on the court after it was revealed Miscovich purchased the emeralds from a jewelry store. http://grandvillageinn.com

Motivation is headed by Kim Fisher, whose family is famous for the discovery of the shipwreck of the Spanish galleon Atocha, worth hundreds of millions of dollars.

Because Miscovich’s treasure salvage company, JTR Enterprises LLC, had filed a federal admiralty action to be awarded title to the emeralds, the revelation that the emeralds had been planted in the Gulf of Mexico was deemed a fraud on the court. Horan initially represented JTR Enterprises in the admiralty action, but later withdrew following the fight with Silverstein.

Young Conaway was involved in the case because it represented JTR Enterprises, which held the secret web page location of the discovery site. According to legal documents, Young Conaway had a right to a percentage of the emeralds and anything salvaged from the site.

Scott graduated with a business degree from Troy University Dothan, and went into the banking industry in Dothan.

“I’ve enjoyed banking, but it’s just not what I wanted Click here. to do for the rest of my life. I was in banking in Dothan for years, and then I decided to go back to school to get my law degree just like my dad,” Scott said. “You’re never too old to follow your dreams, and strike out on a different path.”

Thomas Smith, who graduated from Troy University Dothan with a business administration degree, also attended and earned a law degree from Faulkner University’s Jones School of Law.

“He’s (Scott) finishing law school sort of about the same age as I went to law school,” Thomas said.

Scott said he’s interned with several judges, including Michael Joiner, who sits on the Alabama Criminal Court of Appeals, and Kristi DuBose, a federal judge for the southern district of Alabama in Mobile.

After earning his law degree Scott said he hopes to practice in Alabama, but hasn’t ruled out going where the job takes him.

“I want to be in a courtroom. It’s just the atmosphere I enjoy most,” Scott said. “I really just want to be in a position that helps others. It could be anything Website from being a plaintiff’s attorney, to a criminal defense attorney to a prosecutor.”

Elliott, 27, graduated with a bachelor’s degree in accounting and a master’s in business and accounting from Troy University Dothan. He is in his second year of law school. read more

“My goal is to kind of branch out a little bit,” Elliott said. “I’ve kind of got an interest in practicing tax litigation.”

Elliott plans to look at possible law jobs in areas ranging from Birmingham to Atlanta or possibly even Tennessee, Missouri or Texas.

“I kind of want to get out and make my mark,” Elliott said. “I would like to really get out into a larger firm, and put in some time in getting partner at a place like that.”

But Elliott said also hopes to one day bring his law career back to his native Dothan.

“I’ve always wanted to be an attorney since I saw my dad go through law school as sort of a second career for him,” Elliott said. “I More.. think I was 4 at the time and I watch him start over, build his firm from the ground up. We’re a close family and I hope to continue on what he’s got going there in Dothan.”

Elliott said watching his father attend and complete law school and build his law firm has encouraged him in his own law career.

“I was able to watch people come to him Go to website with their problems, and see him make a difference in people’s lives. So I knew that’s what I wanted to do,” Elliott said. “People think lawyers just solve legal problems, but they really solve life problems.”

Thomas serves as a partner in the Dothan law firm, Smith & McGhee, with specializations in criminal defense and family law, along with some estate planning and personal injury. His law partner, Shaun McGhee, also earned his law degree from Faulkner University’s Jones School of Law.

“I was born here and they were both born here also. I always, of course, hoped at least one of my sons would be an attorney,” Thomas said. “I was pleasantly surprised that two of them decided to become attorneys.”

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The Law

A federal judge could rule early next week whether to toss a sanctions case against a prominent Delaware law firm.

The case involves a bogus sunken treasure, specifically whether Bruce Silverstein – a Wilmington corporate attorney with Young Conaway Stargatt & Taylor – and his firm should be sanctioned for bad faith litigation. read more

read more

Recent testimony provided the revelation that Silverstein and another attorney almost came to blows over the case.

David Paul Horan, a leading admiralty lawyer who represented a novice treasure hunter who claimed he found thousands of emeralds off Key West, testified that he and Silverstein clashed over how and when to reveal the discovery of modern epoxy on stones that some had speculated came from an ancient pirate ship. read more

Silverstein and his firm, Young Conaway Stargatt & Taylor, had represented the company of the treasure hunter Jay Miscovich.

In a 2012 email, Horan told Silverstein they had a duty to disclose the epoxy enhancement to the federal court where Horan had filed an action to get title to the emeralds. Silverstein urged Horan to hold off, according to court records.

“It did not become a physical altercation, but it was Visit site close,” Horan said of an argument he had in his office with Silverstein in 2012.

Now, after a five-day hearing, a federal judge is weighing whether to toss the Visit this page sanctions case against Silverstein and Young Conaway for their involvement in the treasure hoax. read more

Lawyers for Silverstein and Young Conaway have asked U.S. District Judge James Lawrence King to dismiss the sanctions motion Click brought by a famous underwater treasure hunter that questioned the discovery of thousands of emeralds by web page Miscovich.

For more than a year, the salvage company, Motivation Inc. of Key West, has pushed to have Silverstein and Young Conaway punished for bad faith litigation and aiding a fraud on the court after it was revealed Miscovich purchased the emeralds from a jewelry store. http://claybankdesign.com

Motivation is headed by Kim Fisher, whose family is famous for the discovery of the shipwreck of the Spanish galleon Atocha, worth hundreds of millions of dollars.

Because Miscovich’s treasure salvage See page company, JTR Enterprises LLC, had filed a federal admiralty action to be awarded Site web title to the emeralds, the revelation that the emeralds had been planted in the Gulf of Mexico was deemed a fraud on the court. Horan initially represented JTR Enterprises in the admiralty action, but later withdrew following the fight with Silverstein.

Young Conaway was involved in the case because it represented JTR Enterprises, which held the secret location of the discovery site. According to legal documents, Young Conaway had a right to a percentage of the emeralds and anything salvaged from the site.

Scott graduated with a business degree from Troy This site University Dothan, and went into the banking industry in Dothan.

“I’ve enjoyed banking, but it’s just not what I wanted to do for the rest of my life. I was in banking in Dothan for years, and then I decided to go back to school to get my law degree just like my dad,” Scott said. “You’re never too old to follow your dreams, and strike out on a different path.”

Thomas Smith, who graduated from Troy University Dothan with a business administration degree, also attended and earned a law degree from Faulkner University’s Jones School of Law.

“He’s (Scott) finishing law school sort of about the same age as I went to law school,” Thomas said.

Scott said he’s interned with several judges, including Michael Joiner, who sits on the Alabama Criminal Court of Appeals, and Kristi DuBose, a federal judge for the southern district of Alabama in Mobile.

After earning his law degree Scott said he hopes to practice in Alabama, but hasn’t ruled out going where the job takes him.

“I want to be in a courtroom. It’s just the atmosphere I enjoy most,” Scott said. “I really just want to be in a position that helps Annotation others. It could be anything from being a plaintiff’s attorney, to a criminal defense attorney to a prosecutor.”

Elliott, 27, graduated with a bachelor’s degree in accounting and a master’s in business and accounting from Troy University Dothan. He is in his second year of law school. read more

“My goal is to kind of branch out a little bit,” Elliott said. “I’ve kind of got an interest in practicing tax litigation.”

Elliott plans to look at possible law jobs in areas ranging from Birmingham to Atlanta or possibly even Tennessee, Missouri or Texas.

“I kind of want to get out and make my mark,” Elliott said. “I would like to really get out into a larger firm, and put in some time in getting partner at a place like that.”

But Elliott said also hopes to one day bring his law career back to his View publisher site native Dothan.

“I’ve always wanted to be an attorney since I saw my dad go through law school as sort of a second career for him,” Elliott said. “I think I was 4 at the time and I watch him start over, build his firm from the ground up. We’re a close family and I hope to continue on what he’s got going there in Dothan.”

Elliott said watching his father attend and complete law school and build his law firm has encouraged him in his own law career.

“I was able to watch people Visit homepage come to him with their problems, and see him make a difference in people’s lives. So I knew that’s what I wanted to do,” Elliott said. “People think lawyers just solve legal problems, but they really solve life problems.”

Thomas serves as a partner in the Dothan law firm, Smith & McGhee, with specializations in criminal defense and family law, along with some estate planning and personal injury. His law partner, Shaun McGhee, also earned his law degree from Faulkner University’s Jones School of Law.

“I was born here and they were both born here also. I always, of course, hoped at least one of my sons would be an attorney,” Thomas said. “I was pleasantly surprised that two of them decided to become attorneys.”

Home Business :: How can Network Marketing / MLM Business Owners Reduce the Risk of an IRS Audit?

The IRS doesn’t care if you overpay in one area–you will still get hit with interest and penalties if you underpay in another area.

First off, the odds of having the IRS select your tax return for an audit are very low. Roughly 1% of all taxpayers get audited in any one year. However, as a small business owner, you are much Annotation more likely to be audited than Home page W-2 wage earners. In fact, sole proprietors (the legal entity structure for 80% of MLM businesses) are three times more likely to be audited than W-2 employees.

As you know, one of the big keys to success in network marketing is to “Never Quit”. The good news is that the vast majority of those who stay with their company for 10 years or longer hit the top position in the company’s compensation plan! The downside risk is that the longer you stay in business–any business–the greater the chances are that you’ll be audited at least once. And if any irregularities are found, audit lightning can strike more than once! So… let’s look at how tax returns are selected for an audit, and how can you reduce the risk of it happening to you.

The IRS selects taxpayers for an audit in several ways:

2. Targeted selection. Certain types of businesses are more likely to be audited than others. The IRS will focus like a laser on certain businesses if experience has shown a high degree of noncompliance with the tax laws. In times past, lawyers, car dealers, and funeral homes, for example, have had a Visit this site target on their back.

If you’re serious about your Network Marketing business, you should maintain a separate checking account for the business. You should also hire a professional to prepare your tax return. You’ll cheap car insurance usually save far more in taxes than you’ll spend in tax preparer fees. Tax professionals know the rules, prepare hundreds of returns each year, can lower your tax bill, and help you avoid mistakes that might otherwise lead to an IRS audit.

3. DIF scores. The IRS uses a method of computer scoring, called Discriminate Index Function ratios, to select taxpayers for an audit. This method identifies extraordinary tax deductions such as excess travel, entertainment, or vehicle expenses.

While there’s not a lot you can do to avoid the glare of DIF scores or random selection, one thing you can and should do is keep good records. Always carry an appointment book or day-timer to record your auto mileage, travel, and meals / entertainment records. You should also keep special records for equipment that you use for both business and payday loans personal purposes. Computers, cell phones, and vehicles used for both business and personal use are great examples; these are called “listed property” and the rules that dictate how much you can deduct Click here! for business usage requires detailed record-keeping.

Network Marketing / Multi Level Marketing professionals often ask me “What are my chances of an IRS audit?” Many others ask “If I overpay my income tax, will that make me Bing audit-proof?”

In conclusion, the best way to “Audit Proof” yourself is to properly document your expenses and make sure you are getting good payday loans advice from your tax accountant.

4. Document Compliance. If you’re typically slow to file (miss filing deadlines), or quick to file amended returns (looking for bigger refunds), you can put Other yourself at a higher risk of a payday loans tax audit. Haphazard non-compliance, or lack of attention to form details, can be like waiving a red flag and screaming “I’m over here! Audit me!”

1. Random selection. Sounds like something Darwin made up, but nevertheless, it applies here. The IRS simply selects some businesses at random.

Will overpaying your income taxes make you audit-proof? Repeat after me: They don’t care. The IRS doesn’t care if you pay the right amount of tax, or even overpay your taxes. They DO care if you pay less than you owe, and also if you can’t substantiate deductions you’ve claimed on your return.

Finance :: Prohibition of Interest Rate in Islamic Finance

Islamic economics is referred to as the application of Islamic Shari’a law in economic activity. This form of economics has attracted banks and financial institutions in more than 56 countries including Europe and the United States; they cater to customers who want to invest in a halal instrument, or according to Islamic teachings.

Critics of interest-free banking claim that those who call for prohibition on interest are guilty of misinterpreting the Qur’an and misreading Islamic history. The Qur’an bans, not interest rate, but usury, or exorbitant interest.

Suppose you deposit in a conventional bank $1000, at 4 percent interest for a period of one year. At the end of the year, your return is predetermined at $1000+40. The bank will invest your money. If it fell short of $1040, the bank will incur a loss. So an interest-based loan places the risk entirely on the borrower, in this case, the bank. Under Islamic economics, this type wikipedia of investment is prohibited and is considered “un-Islamic” and “unfair.”

Another attack on the prohibition of interest came in 1989 through a fatwa (Islamic legal opinion) from Muhammad Sayyid Tantawi, the grand mufti of Egypt and head of the top Islamic university, al-Azhar, who said that simple bank interest is permissible in Islam, while excessive interest rates constitute riba (usury) and thus forbidden. Tantawi added that legitimate instruments, including high-yield government bonds and interest-bearing saving accounts are compatible with Islamic Shari’a. Tantawi’s fatwa represented the minority view, and provoked considerable discussion among the Muslim community in Egypt and around the world.

Suleyman Uldag, a prominent Turkish author suggests that “even if interest were unlawful, it payday loans online would be a lesser sin to deal in interest openly blog than to cloak it in practices aimed at deception.” He writes that “Islamic banking is its own worst enemy.”

All Muslim authors and practitioners of Islamic finance agree that insurance charging interest is a violation to Islamic Shari’a, but there is no agreement on the definition of ‘interest-free’ loan. There is no account for the rate of inflation in this Islamic Click instrument. In order to protect the purchasing power of money, loans are indexed to the rate of inflation, which is absent from Islamic banking and was proclaimed un-Islamic in two international conferences on indexation, one held in Islamabad in 1986 and the Click here! other in Jeddah in 1987.

The source of prohibition payday loans online of interest is based on the Qur’an. Verse 2:275 reads: “. . .Allah permits commerce and prohibits riba. . .” The etymology of the term riba comes from Aramaic raba meaning ‘increase’. Muslim interpreters define this term as ‘interest’. In pre-Islamic Arabia, a borrower saw his debt double following a default and redouble if he defaulted again. If the borrower was unable to pay off his debt, he would be pushed into enslavement until the debt is paid. Such a situation was creating a social disharmony in Arabia, to which the Qur’an was responding. The ban on riba was therefore an instrument used to avoid mistreatment of fellow citizens, when their financial situation was in distress.

Among the Muslim community in the Middle East and elsewhere, financial transactions involving interest on borrowed money are accomplished, but without mentioning the word ‘interest’. For example, Y wants to borrow from X $500 at 5 percent interest without violating the prohibition. X buys a TV system from Y for $500 but then promptly returns it for $525, payable in one year This website installments. The additional $25 represents interest but was not mentioned; it was circumvented instead by the purchase of the TV and selling it, immediately, to the borrower at a higher price, which Visit site is equivalent to the amount of interest.

The most popular instrument in Islamic banking is Murabaha, a contract of sale in which a commodity is sold for a profit. The contract involves the purchase of real property by the financial institution which then sells them to the client at an agreed mark-up. A repayment is usually in installments. Accordingly, X wants to buy a car from the dealer and finance the transaction through a bank. Under Islamic economics, the bank does not charge interest. So the bank will buy the car on behalf of the buyer, and immediately sells it to X at the dealer’s price plus an extra amount of money for the time spent and the paperwork involved to finalize the deal, the extra amount represents interest on the borrowed money, but the contract does not use the word ‘interest’.

Muslim authors state that Islam offers solutions to solve problems of human civilization. They view the Website here! financial problems facing developed countries in Africa and Asia are caused by interest-based financial instruments which create “unrepayable debt” says Muhammad Ayub, author of Understanding Islamic Finance. Mr. Ayub goes on to say that interest-based system makes “a class of people richer and leaving others poorer and oppressed.”

Legal :: Thai Company Registration: Getting The Foreign Business License

If you are interested in Thai company registration and wish to own more than 50% of the shares, it is necessary to invest in a Foreign Business License. The foreign business license is not popular with foreign investors. According to the Thai authorities, approximately 80% of foreign companies that apply for this license receive it. However, it should be noted that since the introduction of the Foreign Business Act, few companies have bothered to take on an application. Why? Because it is known to be an extremely long and arduous process. However, if you find the ideal legal team, you can speed up your Thai company registration process AND possibly auto insurance quotes href=”http://texasautoinsurancequotes.us”>car insurance quotes gain a foreign business license.

How Do You Obtain The License? Gaining the license could make the Thai company registration process easier but getting it is no easy task unless you hire the services of a top notch legal team. For starters, you need to convince Thai authorities that your proposed business couldn’t be carried out competently by a company that is owned by a Thai majority, that the business does not pose a threat to national security or stability and that it is beneficial to the Thai economy.

If you think carefully, the difficulties of proving all of the above are glaringly obvious. The most blatant culprit is the first issue: How can you prove that a bar or restaurant business can’t be competently managed by a majority Thai owned company? Simple answer, you can’t!

The Process Unlike the Thai company registration process, obtaining the license seems simple in theory. All you have to do is send your application to the Ministry of Commerce before you start up your business. The Foreign read more Business Committee reviews the application and must make a decision within 60 days. However, the application itself is very complex and could take months to figure out. Assuming you file under your foreign company’s name, you need to have corporate documents certified by the local foreign minister, the Thai embassy and a public notary. In most cases, you are better off beginning the Thai company registration process as a Thai company and allow that company to fill in the application.

Rejection Or Acceptance If you application is rejected, the Foreign Business Committee View publisher Check it out site will inform you in writing within 15 days of their decision. This letter Linkedin will explain the reason(s) for your rejection. You can appeal within 30 days of receiving the click written notice. If your application is accepted, it will be subject to certain conditions including the minimum capital requirement and number of foreign directors who can reside in the country. Under the license, your business needs initial capital of at least 3 million baht or 25% of the annual spending projection over a 3 year period with Site web the larger figure taken into account.

Are the rules of foreign business license and Thai company registration getting you down? If so, simply contact a Thai legal Great site team as they successfully bypass all this legal tape cheap auto insurance and get you started.

Insurance

Last week, Wells Fargo was the first private student loan lender to announce it will modify private student loans for borrowers that are facing financial hardship. While many private lenders have worked with borrowers, Wells Fargo is one of the first to announce that it payday loans will offer long term modifications to borrower payment plans. You can read the full press release here.

Private Loans Have Been A Struggle For read Many Borrowers

The truth is, many borrowers have gotten themselves into financial trouble with private student loans. Federal student payday loans loans place limits on the amount students can borrow – theoretically for their own protection. However, when these loans are exhausted, some students turn to private loans to fill the gap.

Private loans typically have payday loans higher interest rates than Federal loans, and have far fewer protections for borrowers. There are also few choices in repayment plans beyond the standard fixed repayment.

Private Lenders Must Compete With Federal Programs

For borrowers, there has been a payday loans online lot of confusion around private versus Federal loans. While Federal student loans offer various repayment programs, student loan forgiveness, and student loan consolidation payday loans online options, private student loans do not.

This has made it difficult for private lenders to compete with the Federal government for traditional students. Instead, private lenders have focused on areas where the Federal programs don’t apply: medical school, law school, graduate loans, and more. But the risks are higher, and lenders face shareholders where the government does not.

The trouble is, borrowers in these loans take on more debt – especially in the graduate segment, than they can likely afford. The result is the lenders are facing higher default risks in their portfolio. In turn, it make sense that they will begin offering more structured programs to get borrowers paying on their loans as much as possible.

Borrowers Still Have A payday loans Tough Journey

However, borrowers with private loans still have a tough journey to face if they want to get a private student payday loans loan modification from their lender. it’s important that borrowers remember that these are still for-profit companies, and so any loan modification is not going to be structured just to help the student, but also payday loans online help the bank as well.

Here’s what Wells Fargo is offering borrowers facing financial hardship:

When you are having difficulty finding employment, have experienced a job loss, or have an unplanned medical expense, we understand that keeping up with payments can be difficult.

We may have options that will provide temporary and permanent relief, such as: Short-term payment relief for up to two months as long as you’ve consistently made your loan payments on time, payment relief for payday loans online up to six months due to financial hardship, payment options if you are already past due on your account, and Loan Modification Program which may temporarily or permanently lower payment amounts.

When borrowers contact Wells Fargo with a financial hardship concern, they should be prepared to gather supporting financial documents that may include pay stubs, or other types of income documentation, along with information surrounding the customer’s complete financial picture to evaluate the severity of the financial hardship. Even then, it’s no guarantee that Wells Fargo will agree to any student loan modification.

At the end of the day, it’s important for borrowers to remember that there is no escaping student loans. These programs are nice, but they are more window dressing than anything else. They won’t help many borrowers, and won’t fix the bigger financial implications of student loan debt.

Insurance

” ‘Flory said she doesn’t think cheap car insurance the terminations are an accident. “When people fail to jump through these hoops to stay on the program, the state saves money,’ she said.

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“The California Department of Health Care Services sent everyone who needed to renew the necessary application in the mail, but advocates like [Jen Flory, a senior attorney at the Western Center on Law & Poverty] say people have struggled to complete it. The form is complicated, asks for car insurance quotes information the recipients hadn’t provided in the past and is available only in English and Spanish.

“What the legislators over looked was that about half of the newly insured would enroll in Medicaid (an insurer whose payments to hospitals My company is scheduled to fall far below previous expectations), that Medicaid patients would continue to patronize safety net hospitals, that patients with newly subsidized private insurance would have large deductibles and copayments that they can’t possibly pay out of pocket, and that those with better insurance will go to some other hospital.”

The clinic — one of more than 50 free clinics in Virginia — prides itself on providing “whole-person” care for more than 1,700 patients, meaning that regardless of what brings people in, they can get treatment for any physical or mental health need. Spanish-speaking interpreters are always available, and there are also volunteer translators in many other languages.”

“Being chosen in the monthly lottery can be life-changing for those who are poor and without health insurance in Arlington, one of the nation’s wealthiest counties. Each month, about 100 people line up for the chance, a multilingual mix of hope, desperation and determination.

Is there a better way of organizing a health care safety net? Most of the countries south of our border – and indeed most of the countries in the world – have a free health care system available to everyone. It may not be the best care. There may be rationing by waiting. But there is no enrollment, no paperwork and no lottery. You can think of this as Medicaid for everyone, with no administrative hassle.

Zane even believes that lower-paid employees who qualify can claim federal subsidies when they buy their insurance on the exchanges. This in effect amounts to double dipping – getting one subsidy at work and another in the exchange.

‘The population who were already on Medi-Cal [California Medicaid] before Jan. 1 is a lot more expensive for the state to cover, she said. The federal government pays only half of their health care costs, compared to 100 percent of the costs for those who qualify under the [Affordable Care Act’s] broader eligibility guidelines.’ ”

How might something like that work in the United States? A fair and efficient way of structuring it is to offer everyone a tax credit of, say, $2500 for an adult and $8,000 for a family of four – the amounts the CBO estimates that new enrollees cost Medicaid. If people enroll in Medicaid, the money goes to Medicaid. If they choose private insurance, the tax credit applies against premiums. If they do nothing, the money goes to safety net institutions who deliver free care (but may ask for payment if patients have assets).

Public opinion polls have consistently shown that one of the things people like least about our health insurance system is the lack of portability. When you leave one employer to work for another you can take your 401(k) plan with you. But car insurance quotes you can’t take your health insurance. Why is that?

However, in most of these countries just about everyone auto insurance quotes who can afford to do so, avoids the public system and buys private care or private health insurance. There typically is a tax subsidy for private insurance – especially if provided by an employer.

On the other side of the country something equally bizarre is happening. In Arlington, Virginia people are participating in a lottery to find out who will get free health care. Those who lose out generally don’t get any care until next month’s lottery. As Patricia Sullivan explained in the Washington Post:

Compounding the problem is the fact that the state of California has a financial incentive to prefer enrollees who count as part of “Medicaid expansion” over renewals of people who were already in the program.

‘There’s a lot of cheap car insurance confusion, and it’s cheap auto insurance a language access cheap car insurance issue,’ said Connie Lo, health programs coordinator at Asian Americans Advancing Justice Los Angeles. ‘Most of our clients are limited English proficiency. They don’t even know what these packets are for and why they’re receiving so many documents together that they can’t even read.’ ”

One thing that can be said in favor of a lottery is that administrative costs are almost zero. In California, by contrast, one reason people are not renewing their Medicaid coverage is that they are being drowned in a sea of paper work. As Jenny Gold explains at Kaiser Health News:

Some experts say “yes.” Zane Benefits, for example, has been promoting a plan it says allows companies to reimburse employees who buy individual insurance with pre-tax dollars. And it’s been getting away with it. That’s partly because most states practice a “don’t ask; don’t tell policy.” If an insurance agent doesn’t ask where the premium dollars come from and the buyer doesn’t disclose the source, the agent is off the hook. (In Texas, by contrast, agents have an affirmatively obligation to determine where the money comes from.)

Over the past decade or so, however, a number of employers and their employee benefit advisors seem to believe they have found a loop hole: Health Reimbursement Arrangements (HRAs). These accounts are funded by employers and Treasury regulations explicitly allow employees to use the money to pay premiums. But can the insurance be individually owned?

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John C. GoodmanJohn C. Goodman Contributor

I offer market-based healthcare solutions.

Opinions expressed by Forbes Contributors are their own.

HEALTHCARE, FISCAL, AND TAX 11/25/2014 @ 10:13AM 591 views

What’s Wrong With Our Health Care Safety Net?

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California expects to enroll 2.6 million additional low-income families in its Medicaid program this year. But here’s a surprise: an even greater number of people who were previously on Medicaid may not renew. That’s right. The total number of people with auto insurance quotes Medicaid coverage may actually go down. Both changes are due to Obamacare.

Think about that. We are now four years into a national health care reform whose original goal was to provide “universal coverage” to every man woman and child in the country and instead of that people are participating in a lottery to determine who will get care. Obviously something is not working very well.

There are other problems that are nationwide. In a previous post, I argued that is that in the very act of getting health insurance to more people, Obamacare is reducing the funds safety hospitals have to deliver care to the most vulnerable populations:

The reason is the tax system. Federal tax law has a generous provision for people who obtain health insurance at work. Unlike wages, the premiums the employer pays for employee health insurance are not counted in the employee’s taxable income. When you add together federal and state income taxes and payroll taxes, the ability to buy insurance with pre-tax dollars is worth almost half the cost of the insurance to many middle-income employees.

There’s just one problem. The insurance has to be group insurance. That’s the kind of insurance you eventually lose when you leave the group (switch jobs). Most states explicitly outlaw employer’s buying individually owned insurance (which employees can take with them) with pretax dollars. Even if a state hasn’t outlawed it, most lawyers think the practice is illegal under Website here! federal law.

In a previous post, I described such a system as a form of universal coverage. It’s at least as close to that as we are ever going to get. See a more detailed description here.

Insurance

Over the past decade or cheap car insurance so, however, a number of employers and their employee benefit advisors seem to believe they have found a loop hole: Health Reimbursement Arrangements (HRAs). These accounts are funded by employers and Treasury regulations explicitly allow employees to use the money to pay premiums. But can the insurance be individually owned?

To keep the system as paper-work free as possible, people should be able to choose a plan and stay in it. For example if they enroll in Medicaid, they should be able to stay there – regardless of changes in their income and assets.

The clinic — one of more than 50 free clinics in Virginia — prides itself on providing “whole-person” care for more than 1,700 patients, meaning that regardless of what brings people in, they can get treatment for any physical or mental health need. Spanish-speaking interpreters are always available, and there are also volunteer translators in many other languages.”

“What the legislators over looked was that about half of the newly insured would enroll in Medicaid (an insurer whose payments to hospitals is scheduled to fall far below previous expectations), that Medicaid patients would continue to patronize safety net hospitals, that patients with newly subsidized private insurance cheap auto insurance would have large deductibles and copayments that they can’t possibly pay out of pocket, and that those with better insurance will go to some other hospital.”

There’s just one problem. The insurance has to be group insurance. That’s the kind of insurance you eventually lose when you leave the group (switch jobs). Most states explicitly outlaw employer’s buying individually owned insurance (which employees can take with them) with pretax dollars. Even if a state hasn’t outlawed it, most lawyers think the practice is illegal under federal law.

Zane even believes that lower-paid employees who qualify can claim federal subsidies when they buy their insurance on the exchanges. This in effect amounts to double dipping – getting one subsidy at work and another in the exchange.

Share

John C. GoodmanJohn C. Goodman Contributor

I offer market-based healthcare solutions.

Opinions expressed by Forbes Contributors are their own.

HEALTHCARE, FISCAL, AND TAX 11/25/2014 @ 10:13AM 591 views

What’s Wrong With Our Health Care Safety Net?

Comment Now Follow Comments

California expects to enroll 2.6 million additional low-income families in its Medicaid program this year. But here’s a surprise: an even greater number of people who were previously on Medicaid may not renew. That’s right. The total number of people with Medicaid coverage may actually go down. Both changes are due to Obamacare.

However, in most of these countries just about everyone who can afford to do so, avoids the public system and buys private care or private health insurance. There typically is a tax subsidy for private insurance – especially if provided by auto insurance quotes an employer.

Public opinion polls have consistently shown that one of the things people like least about our health insurance system is the lack of portability. When you leave one employer to work for another you can take your 401(k) plan with you. But you can’t take your health insurance. Why is that?

How might something like that work in the United States? A fair and efficient way of structuring it is to offer everyone a tax credit of, say, $2500 for an adult and $8,000 for a family of four – the amounts the CBO estimates that new enrollees cost Medicaid. If people enroll in Medicaid, the money goes to Medicaid. If they choose private insurance, the tax credit applies against premiums. If they do nothing, the money goes to safety net institutions who deliver free care (but may ask cheap auto insurance for payment if patients have assets).

“Being chosen in the monthly lottery can be life-changing for those who are poor and without health insurance in Arlington, one of the nation’s wealthiest counties. Each month, about 100 people line up for the chance, a multilingual mix of hope, desperation and determination.

Compounding the problem is the fact that the state of California has a financial incentive to prefer enrollees who count as part of “Medicaid expansion” over renewals of people who were already in the program.

‘The population who were already on Medi-Cal [California Medicaid] before Jan. 1 is a lot more expensive for the state to cover, she said. The federal government pays only half of their health care costs, compared to 100 percent of the costs for those who qualify under the [Affordable Care Act’s] broader eligibility guidelines.’ ”

There are other problems that are nationwide. In a previous post, I argued that is that in the very act of getting health insurance to more people, Obamacare is reducing the funds safety hospitals have to deliver care to the most vulnerable populations:

‘There’s a lot of confusion, and it’s a language access issue,’ said Connie Lo, health programs coordinator at Asian Americans Advancing Justice Los Angeles. ‘Most of our clients are limited English proficiency. They don’t even know what these packets are for and why they’re receiving so car insurance quotes many documents together that they can’t even read.’ ”

On the other side of the country something equally bizarre is happening. In Arlington, Virginia people are participating in a lottery to find out who will get free health care. Those who lose out generally don’t get any care until next month’s lottery. As Patricia Sullivan explained in the Washington Post:

One thing that can be said in favor of a lottery is that administrative costs are almost zero. In California, by contrast, one reason people are not renewing their Medicaid coverage is that they are being drowned in a sea of paper work. As Jenny Gold explains at Kaiser Health News:

” ‘Flory said she doesn’t think the terminations are an accident. “When people fail to jump through these hoops to stay on the program, the state saves money,’ she said.

The reason is the tax system. Federal tax law has a generous provision for people who obtain health insurance at work. Unlike wages, the premiums the employer pays for employee health insurance are not counted in the employee’s taxable income. When you add together federal and state income taxes and payroll taxes, the ability to buy insurance with pre-tax dollars is worth almost half the cost of the insurance to many middle-income employees.

Think about that. We are now four years into a national health care reform whose original goal was to provide “universal coverage” to every man woman and child in the country and instead of that people are participating in a lottery Their website to determine who will get care. Obviously something is not working very well.

Some experts say “yes.” Zane Benefits, for example, has been promoting a plan it says allows cheap car insurance companies to reimburse employees who buy individual insurance with pre-tax dollars. And it’s been getting away with it. That’s partly because most states practice a “don’t ask; don’t tell policy.” If an insurance agent doesn’t ask where the premium dollars come from and the buyer doesn’t disclose the source, the agent is off the hook. (In Texas, by contrast, agents have an affirmatively obligation to determine where the money comes from.)

Is there a better way of organizing a health care safety net? Most of the Online countries south of our border – and indeed most of the countries in the world – have a free health care system available to everyone. It may not be the best care. There may be rationing by waiting. But there is no enrollment, no paperwork and no lottery. You can think of this as Medicaid for everyone, with no administrative hassle.

“The California Department of Health Care Services sent everyone Great site who needed to renew the necessary application in the mail, but advocates like [Jen Flory, a senior attorney at the Western Center on Law & Poverty] say people have struggled to complete it. The form is complicated, asks for information the recipients hadn’t provided in the past and is available only in English and Spanish.

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The plans follow those the Bank’s Prudential Regulation Authority (PRA) has already drawn up for senior bankers, although they are less demanding in some respects.

“Policyholders are best served by insurance companies with senior managers who Web Browse… site here can be held to account and who are individually External link responsible for the decisions they make,” PRA chief executive and BoE Deputy Governor Andrew Bailey said.

Regulators have come under fire from lawmakers for bringing so few bankers to book Home page after lenders had cheap car insurance to be bailed out by taxpayers in the 2007-09 financial Home crisis.

Under the so-called “reversal of burden of proof” proposals for banks, top managers would have to prove to regulators they were unaware of or had challenged dubious behaviour Visit website at the time.

This has alarmed bankers, with two directors of HSBC set to leave the bank because they are unhappy with the new rules, Reuters reported last month.

The plans for insurers are slightly different, recognising the differences between the industries, the PRA said.

Regulators would have to show misconduct by read more an insurance official was deliberate or that behaviour fell below reasonable standards. The sanctions that could be imposed against insurance officials are also in line with those already available, such as fines, bans and public warnings.

The Association of British Insurers (ABI), an industry body, said it was reassured the plans recognised the differences between banks and insurers.

“We will be working with our members… to ensure that the regime is fit for Check this out purpose and ensures a continuing flow of high level talent into the insurance read more industry,” it said.

The new regime for insurers such as Prudential and Aviva will apply to chief executives, chief finance officers, chief risk officers, heads of internal audit and chief actuaries.

At the Lloyd’s of London insurance market, it will apply to chief underwriting officers and underwriting risk oversight functions.