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All articles tagged with #insurance

Jordan’s Furniture Bets on UConn Run, Promising Free Furniture if Both Teams Reach the Finals
business12 days ago

Jordan’s Furniture Bets on UConn Run, Promising Free Furniture if Both Teams Reach the Finals

Jordan’s Furniture ran a promo offering free furniture to customers who bought items Jan. 20–Mar. 1 if both UConn men’s and women’s teams reach the national championship games. After Sunday’s wins by the women over Notre Dame and the men over Duke, UConn is one win away from the finals, potentially triggering the payout for four customers. The retailer has insured the potential cost, a tactic it previously used in a 2007 World Series promotion that cost about $30 million and generated publicity and sales. The women’s team faces the winner of South Carolina vs. TCU and the men play Illinois next as the promotion nears its outcome.

via New York Post|
#business#insurance#jordans-furniture
Ceasefire First: Hormuz Oil Channel Won’t Reopen Overnight
world14 days ago

Ceasefire First: Hormuz Oil Channel Won’t Reopen Overnight

With the U.S.–Iran conflict in its first month, the Strait of Hormuz has become a critical leverage point as Iran threatens ships, causing transits to fall roughly 90–95% and oil prices to spike (Brent near $113). Insurance costs to sail through Hormuz have surged to about 3.5–10% of a vessel’s value, but safety risks and crew concerns remain the main barrier to transit, not just premiums. A U.S.–backed insurance program could help, and naval escorts have been floated, but most experts say escorts would likely come only after a ceasefire or clear degradation of Iran’s attack capability. Once hostilities ease, expect a gradual restart of shipments over weeks to months, with a July rebound possible if a ceasefire holds; LNG exports face longer disruption due to damaged capacity in Qatar. Some ships still transit under Iranian permission or with approvals from friendly nations, but credible peace and security guarantees are needed for rapid normalization.

via CBS News|
#insurance#iran#oil-prices
Utah Woman Convicted of Poisoning Husband With Fentanyl in Grief-Driven Murder Plot
crime24 days ago

Utah Woman Convicted of Poisoning Husband With Fentanyl in Grief-Driven Murder Plot

A Utah real estate agent, Kouri Richins, was convicted of aggravated murder for allegedly slipping five times the lethal fentanyl dose into her husband Eric Richins’s drink in March 2022, in a debt- and inheritance-driven scheme. Prosecutors also alleged an earlier Valentine’s Day fentanyl-laced sandwich attempt, a relationship with another man, and the use of life insurance policies totaling about $2 million. Richins published a children’s book about coping with grief after her husband’s death. Sentencing is scheduled for May 13, with aggravated murder carrying 25-to-life; jurors also found forgery and fraud charges.

via The Guardian|
#crime#fentanyl#insurance
War in Iran Hits Wallets: What It Means for Your Summer Travel
travel29 days ago

War in Iran Hits Wallets: What It Means for Your Summer Travel

The Iran-related conflict is fueling oil-price volatility and widespread travel disruption, with airlines warning of higher jet-fuel costs, rerouted itineraries, and tighter refund policies. Experts advise booking for the rest of the year now, avoiding basic-economy fares, and using flexible or mileage-based tickets where possible, while checking policies before booking. Travel insurance often excludes war-related losses, so review coverage and government advisories carefully. Expect possible flight cancellations or route changes, longer transits via alternate corridors, and impact on cruises and rail prices; if you already have plans, monitor carrier policies, consider credits or rebookings, and stay informed about safety advisories.

via CNN|
#aviation#insurance#oil-prices
Spacey-Insurance Battle Over House of Cards Heads to Court
business1 month ago

Spacey-Insurance Battle Over House of Cards Heads to Court

A $100 million insurance dispute over losses tied to House of Cards' sixth season goes to trial, with Media Rights Capital suing Fireman’s Fund over coverage after Kevin Spacey’s illness and misconduct fallout forced production changes; Spacey’s cooperation as a witness and Netflix’s alleged tiebreaker rights loom large as the court decides whether the losses were solely caused by the sickness under the policy, potentially reshaping how production insurance handles such claims.

via The Hollywood Reporter|
#business#house-of-cards#insurance
State Farm Pods $5B in Dividends for Customers — Here’s How to Claim Yours
business1 month ago

State Farm Pods $5B in Dividends for Customers — Here’s How to Claim Yours

State Farm is returning a record $5 billion in dividends to its customers, reflecting profits paid back to policyholders by the mutual insurer. Most payouts are issued automatically as credits on policy accounts or via mailed checks. If you believe you’re eligible but don’t see a credit, check your State Farm online account or contact customer service for the status and steps to claim.

via Forbes|
#business#dividends#insurance
Insurance snag sidelines Rojas from World Baseball Classic
sports2 months ago

Insurance snag sidelines Rojas from World Baseball Classic

Dodgers infielder Miguel Rojas says he cannot participate in the World Baseball Classic due to insurance hurdles on his MLB contract, a problem impacting several Latin American stars and prompting talk of Puerto Rico possibly withdrawing from the event; the insurance rules are meant to cover teams for WBC injuries, but age- or history-based denials are drawing criticism and frustration.

via New York Post|
#insurance#latin-american-players#los-angeles-dodgers
Insurance Denials Put WBC Rosters at Risk
sports2 months ago

Insurance Denials Put WBC Rosters at Risk

The World Baseball Classic faces a participation crisis as multiple stars, notably Puerto Rico captain Francisco Lindor, are denied insurance to play and risk withdrawing. MLB and the MLBPA are pressuring the insurer to reverse decisions, while players without coverage can still play at their own expense, risk salary loss, or skip the tournament. Denials frequently cite age or recent injuries, and the situation echoes past injuries that have raised the stakes. With rosters due soon and the March 5 start approaching, teams may need last-minute replacements.

via Sports Illustrated|
#insurance#lindor#mlbpa
Puerto Rico Faces WBC Dilemma as Insurance Denials Threaten Roster
sports2 months ago

Puerto Rico Faces WBC Dilemma as Insurance Denials Threaten Roster

Team Puerto Rico is considering pulling out of the 2026 World Baseball Classic after several players, including captain Francisco Lindor, were denied insurance coverage amid stricter insurer rules. The National Financial Partners policy flags many players (often due to chronic injuries, recent surgeries, or age) and could force the team to replace key contributors as rosters are due shortly. Other affected players across teams, such as Miguel Rojas for Venezuela, underscore a broader insurance crunch impacting the WBC lineup with decisions looming before roster submission.

via MLB Trade Rumors|
#francisco-lindor#insurance#mlb
White House Unveils Great Healthcare Plan to Cut Costs and Increase Transparency
politics2 months ago

White House Unveils Great Healthcare Plan to Cut Costs and Increase Transparency

President Trump pitches the Great Healthcare Plan to Congress to lower drug prices via Most-Favored-Nation pricing, reduce insurance premiums by ending subsidy payments and funding cost-sharing reductions, curb PBM kickbacks, and boost price transparency with plain-English disclosures, posted costs, and expanded over-the-counter access, including direct payments to Americans.

via The White House (.gov)|
#drug-prices#healthcare#insurance
Meatpacking District Pokémon Card Shop Robbed During First Community Event
news2 months ago

Meatpacking District Pokémon Card Shop Robbed During First Community Event

Three masked thieves armed with a gun and hammers stormed Poke Court in Manhattan’s Meatpacking District during the shop’s first community event, smashing display cases and making off with over $100,000 in Pokémon cards and merch in about three minutes; 40 customers were inside, police are investigating, and owner Courtney Chin is weighing security upgrades including an armed guard and checking alarms after the incident.

via Kotaku|
#crime#insurance#news