| Parent Refuses to Sign School Insurance Form
In the forms he was asked to provide information regarding his personal insurance information. School systems are allowed to ask for that information, but according to law, you do not have to provide it. The letter Bailey received made it sound like he must give the School system his info, or his daughter would not get the therapy she needs. That is not the case however. The letter also clearly states, that the Washington County School system is entirely responsible for providing those Special Education programs. Dr. Susan Belcher spoke to me, and assured me that parents have never had to pay a penny out-of-pocket for these services. The child's services in no way would be efffected. By law, school systems across the country are allowed to ask for the insurance information, in order to bill insurance companies, to help alleviate some of the costs associated with Special Education programs.
Bank failures cap PDIC fund growth
THE INSURANCE FUND FOR THE COUNtry�s deposit insurer is not likely to grow this year because of the string of closures of rural banks over the past months that involve billions of peso worth of claims. The deposit insurance fund (DIF)�which grew to P60.5 billion last year from P53.4 billion in 2007�is the accumulated premium payments of member-banks to the Philippine Deposit Insurance Corp. The fund is used by PDIC to service claims of depositors of failed banks. PDIC president Jose Nograles said that since the start of the year, there have been 15 rural banks and two thrift banks placed under receivership. The figure includes the rural banks owned by the Legacy Group. Nograles said PDIC expects to spend close to P15 billion this year to settle claims of depositors of the closed rural banks.
Day-off Drivers to Get Discounts on Car Insurance
Drivers participating in the campaign to park their cars one working day a week will benefit from discounts on their car insurance premiums from December.
The Financial Services Commission and the Financial Supervisory Service on Wednesday said they are finalizing the discount program and will conduct a test run in the fourth quarter. They expect to fully implement it from December.
"Basically we agreed to apply reduced rates to owners of cars that have on-board diagnostic (OBD) system," an insurance industry official said. "The range of the discount is currently being discussed at between 5 to 10 percent."
Driving information is recorded in the OBD system, making it possible to check whether a driver is actually taking part in the campaign.
Delek earnings spike from insurance claim
Delek US Holdings Inc. earnings were up in the second quarter because of insurance payments following a fire at the company’s refinery in Tyler, Texas. The Brentwood-based company (NYSE: DK) reported net income of $26.5 million, or 49 cents per share, in the quarter ended June 30, compared to $4 million, or 6 cents per share, in the year-ago period. Sales for the quarter came in at $595.5 million, down 57 percent from the previous year’s quarter. Analysts, on average, estimated earnings of 21 cents per share on revenue of nearly $596 million, according to Thomson Reuters First Call. Delek CEO Uzi Yemin said the quarter’s results were impacted by the November fire, which temporarily closed the facility. The refinery, which processed 60,000 barrels per day, resumed operations in May, the company reported.
|
