For a “neutral” regulation, the Labor Department’s ESG rule is attracting a lot of opposition on its rollout. “It's a pretty significant amount of neutrality, frankly, that goes into the final rule. The AGs claim that the rule removed protection for retirement plan participants, and that the DOL overstepped its authority under ERISA with an arbitrary and capricious regulation. ESG rule drew 'clear dividing lines'“In that case, the Second Circuit told the blue states they didn't have standing. “As far as the merits of the litigation go, this new litigation against the so-called ESG rule is probably not that strong a case purely as a legal matter.
Public comment is being accepted on the Consumer Privacy Protection Model Law through April 3. Regulators created a tough new privacy model, say privacy experts at two large national law firms. California lookThe privacy proposal has a lot in common with the California Consumer Privacy Act, Eversheds Sutherland wrote. The state passed two separate laws: the California Consumer Privacy Act, which took effect on Jan. 1, 2020, and the California Privacy Rights Act, passed in November 2020 and taking effect on Jan. 1, 2023. Some things included in the new model law include:Expands the definition of Personal Information and enhance disclosure requirements, rendering insufficient the Federal Model Privacy Form.1 month ago InsuranceNewsNet
Mr. Braun will file the resolution's Senate version and Rep. Andy Barr , Kentucky Republican, will file the House version. The officials argued that the agency overstepped its authority and that money managers should only be permitted to consider financial returns. Labor Department officials said the Trump administration's rules “unnecessarily restrained” fiduciaries’ ability to weigh ESG factors when choosing 401(k) investments. Republicans say ESG is a coordinated effort by money managers to invest Americans’ retirement funds into "woke" causes, including climate change. ESG proponents argue that it makes financial sense to consider long-term climate risks when making long-term investments.1 month ago InsuranceNewsNet
Of that amount $1,866,745 is for the elder fraud scam and $618,767 is for the unemployment benefits scheme. "Ulysse used fraud and deceit to prey upon grandparents' trust and love. The FBI is committed to combatting elder fraud and financial exploitation and ensuring our seniors are protected." As a result of the execution of the elder fraud scheme, Ulysse and his co-conspirators convinced at least 83 different victims to send a total of at least $2,420,280. From April 2020 to November 2020, Ulysse conducted an COVID-19 CARES Act unemployment benefit scheme to fraudulently obtain unemployment funds, including Federal Pandemic Unemployment Compensation (FPUC) and Pandemic Unemployment Assistance (PUA) established under the Coronavirus Aid, Relief, and Economic Security ("CARES") Act.2 months ago InsuranceNewsNet
Members of Mayor Adams’ administration faced jeers and hours of critical questioning during a Monday City Council hearing on his controversial attempt to make retired municipal workers pay for some forms of health insurance. But the proposal did not get a warm reception at a marathon Council Labor Committee hearing Monday. “Let’s be grownups.”At least one municipal retiree had to be escorted out by City Hall security after repeated interruptions. In a sign that distaste for the bill is widespread, all six Council Republicans also vowed to oppose the legislation. If the body doesn’t pass the bill, the administration has said it will eliminate all retiree health care plans except for Medicare Advantage, a drastic step that it maintains is legal.2 months ago InsuranceNewsNet
Could sea oats be the real key to stabilizing sand dunes and avoid flooding along Key Biscayne's beaches and other shorelines? "They came up with a plan to do sea oats," said John Hughes , Executive Director of the Florida Surf Museum . Tony Sasso , a former Cocoa Beach city commissioner and state legislator, recalled being part of that sea oats startup team. "When the wind blows sand and seaweed up into the dunes, (sea oats) grab the sand and the seaweed, and the seaweed dies and decomposes, dries up, and over time, those nutrients go in the sand, and they (sea oats) feed off that." Now, after seeing the benefits of a properly planted sea oats program, Sasso would like to broaden the outlook.3 months ago InsuranceNewsNet
Asa Hutchinson's eight-year administration started with a contentious health care policy debate and then was marked by a once-in-a-century health care crisis. Mike Beebe that uses Obamacare dollars to purchase private health insurance for 343,000 Arkansans. When asked about his biggest successes as governor, he pointed to "those areas that would not have happened without my leadership. That would have never happened in terms of buying out that hog farm without a governor stepping in." Now that he's leaving office, Hutchinson, 72, has no plans to retire.3 months ago InsuranceNewsNet
The First Party Claim Portal enables injured parties to digitally interact with their insurer, exchange information pertaining to an auto-related injury claim and receive claim status in real-time. USAA is also the first auto insurer to leverage the CCC First Party Claim Portal. With the CCC First Party Claim Portal we will be able to streamline the historically manual first-party casualty claims experience, offering members greater transparency, easier access, and personalization throughout the process." The First Party Claim Portal is the latest solution in CCC's comprehensive casualty claims technology offering, which spans first-and third-party claims management. “The First Party Claim Portal builds on CCC’s success delivering a digital experience that bridges APD claims to casualty claims and beyond."3 months ago InsuranceNewsNet