Author: hafiz 2012

Posted in Business

COVID-19 Health Innovation Collaborative Attracts Ideas from Across U.S. to Address Health Pandemic Challenges

Solutions aim to address gaps in pandemic response

JACKSONVILLE, Fla., Oct. 13, 2020 /PRNewswire/ — GuideWell Mutual Holding Corporation (GuideWell), the parent to a family of forward-thinking companies focused on transforming health care, announced 13 health-tech companies from across the nation will showcase solutions that address some of the major challenges of the current health pandemic today at the GuideWell COVID-19 Health Innovation Collaborative Showcase. A virtual substance abuse support system and an AI-powered COVID-19 symptom attestation platform are among the concepts and prototypes that will be featured.

GuideWell Mutual Holding Corporation (PRNewsfoto/GuideWell)
GuideWell Mutual Holding Corporation (PRNewsfoto/GuideWell)

All of the ideas focus on increasing the scope and scale of resources to reduce the complex stress factors COVID-19 is having on our country’s health care system. 

“Overcoming the health care challenges associated with COVID-19 requires out-of-the-box thinking from some of the brightest minds,” said Camille Harrison, senior vice president and chief operating officer

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Posted in Business

Health insurance hike for small business OKd, but full impact of COVID-19 unknown

The full impact of COVID-19 on future health insurance premiums has yet to be seen, but at least in New York for 2021, state regulators approved a 4.2% average rate increase for the small group market, the second lowest in a decade.

That is a break considering insurers requested an average rate increase of 11.4% in the small group market, which covers employers with 1 to 100 employees.

Still 4.2% is an average across the multiple carriers and plans throughout New York State with some plans seeing higher increases on top of increases small businesses have already endured over the years, say experts.

“The concern is, on the surface, the increases are incremental, but that’s on top of prior year increases,” says Gregg Pajak, president and founder of WizdomOne Group Family of Companies, an Islandia-based risk and investment management firm.

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Posted in Business

Courts siding with insurance firms over business interruption claims | Business

A growing number of U.S. courts are ruling against employers who’ve filed insurance claims for business interruption coverage stemming from government-ordered coronavirus shutdowns.

The Insurance Information Institute reports insurers have won more than a dozen cases since May, with judges ruling that the policies only kick in if a property sustains physical damage. The business owners had argued that the coverage should have started when local or state governments issued stay-at-home orders that hampered their ability to operate.

A couple of Charleston-area cases are still pending in federal court. Black Magic Cafe says its losses started on March 17, when Gov. Henry McMaster ordered a temporary halt to dine-in services at South Carolina restaurants.

The historic Calhoun Mansion at 10 Meeting St., now known as The Williams Mansion, sued its insurer after a McMaster executive order shut down museums.

Charleston cafe takes on insurance firm in fight over coronavirus claims

A bill that would have required insurance carriers

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Posted in Insurance

Covid19 and health insurance: 3 major myths busted

The chaos around buying a health insurance cover against the corona virus illness has settled after the insurance regulator came out with a specific protection policy for covid 19. However, there are still a few doubts on buying of renewing the existing health insurance policy by people who are either at present under the attack of the virus or those who got the virus and have recovered now. We spoke to the two eminent players in the insurance industry to get the answers for the three most commonly asked questions on buying health insurance, impact on premium rates, change in policy term at the time of renewing the policy by those who were covid positive earlier.

Rakesh Jain, Executive Director and CEO, Reliance General Insurance and V Suryanarayanan, Managing Director of Chola MS General Insurance answered the questions to bust the myths. Here is what they said:

Myth 1: Buying

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Posted in Money

The European Union Considers Making A Digital Version Of The Euro By 2021

graphical user interface

© Provided by NileFM


© Provided by NileFM

The European Central Bank (ECB) is considering launching a fully digital euro within the year. The move follows an increasingly digitalized landscape of payments and cash transfers across the 27-nation bloc.

The digitized euro is also designed to compete with crypto-currencies, private sector currencies like Facebook’s Libra, and the Chinese renminbi, as China also plans to digitize its currency in the coming months to increase the national currency’s standing in the world.

The move will have broad implications for private banks, and as a result, will be carefully tested before the ECB fully commits to any digitized version of the euro.

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Posted in Money

Airlines are testing a new COVID-19 digital health pass so passengers can easily prove they’ve tested negative for coronavirus

a group of people standing in front of a crowd: Lee Yiu Tung/

© Lee Yiu Tung/
Lee Yiu Tung/

  • Beginning this week, travelers on select airlines can download the CommonPass, which is a digital certificate passengers can use in order to prove that they’ve tested negative for the coronavirus.
  • The CommonPass is backed by The World Economic Forum and can be download to your phone.
  • The pilot program at the airlines begin as the coronavirus pandemic has led to a decrease in demand for flights, and over 32,000 US airline workers are in the process of getting furloughed.
  • Visit Business Insider’s homepage for more stories.

The airline industry is testing a new digital health pass that could remove some of the headaches associated with traveling amid a pandemic.


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Beginning this week, travelers on select airlines can download the CommonPass, a digital certificate that passengers can use in order to prove that they’ve tested negative for the coronavirus, the Financial Times

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Posted in Business

We Like Our Health Insurance And Working From Home

Jan Dubauskas is the Vice President of

We have experienced a lot of change throughout the course of the pandemic that has required us to reconsider our priorities and become nimble in the way we work and how we reach out to our clients. Many were skeptical that these changes would lead to similar productivity. However, as we prioritize our health during the pandemic, working from home has become important, and many (24%, according to CNBC) have adapted so well that they want to keep doing it.

When we first started working from home, the primary concern for many was to set up an office, retain camaraderie, and continue meeting with clients. During the spring, as I watched as annual springtime conferences got canceled or sent to an online format, I keenly felt the void previously filled by those intense social interactions. It seemed that with a bit

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Posted in Insurance

Health & Motor Insurance: From applying to receiving policy document, process to go entirely online

 buying health insurance, motor insurance policies, Electronic Policies, policy document, free-look, irdai,Since all the documents are transacted online and maintained, it also improves transparency between the insurer and insured.

Buying of health insurance and motor insurance policies is going to be entirely online. From filling up the application form to receiving the policy documents, the process will become entirely digital in the time to come. The IRDAI has issued a circular to all General and Health Insurers, for the issuance of Electronic Policies and dispensing with physical documents and wet signature on the proposal form in respect of health insurance policies.

As per the circular, the IRDAI states that in the wake of Covid-19 pandemic, the Authority had received representations from the insurance companies for an exemption to all individual and retail health insurance policies issued by general and health insurance companies from the requirement to issue physical policy document and hard copy of proposal form.

Consequently, the IRDAI has granted

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Posted in Money

New Jersey Makes Gains In Closing Digital Divide In Schools, But Some Students Still Struggle To Log On

Weeks into the academic year, state education officials in New Jersey still can’t account for the number of students unable to get online for remote learning, which is playing a critical role during the pandemic. Despite strides made in the last few months, they also don’t have a full picture on the number of families who have a device or those struggling to stay reliably connected.

“The state just has to accept that internet connectivity at home now has to be part of a free, public education,” said David Sciarra, executive director of the Education Law Center, a Newark-based nonprofit that advocates for school equity. “We have to make sure that every kid has this, whether or not they can afford it.”

Sciarra said it’s hard for the state to fix a problem without updated information because closing the digital divide is more than just giving every student a device.

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Posted in Personal

Personal Property Tax Bills Due Oct. 5

Personal Property Tax Bills on all vehicles and business equipment based in the City of Falls Church are due on Oct. 5 or postmarked by that date, to avoid late payment penalties.

Taxpayers can avoid the lines and pay their car taxes online. The current bill can be accessed online at: by entering the PPID number, or the 2020 bill number. It takes 24 hours for a change made in the Commissioner’s Office to then appear online in the form of a bill reduction.

Taxpayers can pay online with a credit card, which includes a 2.95 percent convenience fee charged by the online vendor, or they can pay for free by using an e-check, or send in the amount due with the bill in the U.S. Mail, or they can drop it off at the new City Hall Drop Box, located next to the West Wing Entrance to City

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