COBRA is free for six months under the COVID relief bill

Ruben Onsu

Americans who lost a job in the last 18 months are able to stay on or join their former employer’s healthcare plan for free through Sept. 30. That provision of the American Rescue Plan Act went into effect April 1.

More than 2 million people could benefit, according to the Congressional Budget Office.

The way it works is through the federally administered program known as COBRA. If you work at a company with more than 20 employees and lose your job, you can remain on your employer-sponsored health insurance plan for 18 months through COBRA.

But under normal circumstances,

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BOGUS REQUEST: Yeshiva Bochrim Detained In Paris – Air France “Demands” Medical Insurance, Air Canada Doing Same In Newark

Ruben Onsu

A sizable group of yeshiva students were detained in Paris and prevented from boarding their Air France flight to Tel Aviv on Tuesday. Airline officials informed these students that they must present proof of medical insurance in Israel.

Chaim V’Chessed was notified of the incident and was baffled of the report, since although it is always recommended to have medical insurance, there is no such requirement forcing passengers to show proof of insurance. Chaim V’Chessed reached out to the Foreign Ministry who then confirmed that this is not an Israeli policy, but rather an Air France requirement. Israeli Embassy officials

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Exclusive: Insurance startup Clearcover raises $200 million from Eldridge, others at $1 billion valuation

Ruben Onsu

FILE PHOTO: Todd Boehly, Chairman and CEO, Eldridge Industries, speaks at the 2019 Milken Institute Global Conference in Beverly Hills, California, U.S., April 30, 2019. REUTERS/Lucy Nicholson

(Reuters) – Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment firm helmed by Los Angeles Dodgers owner Todd Boehly, the digital car-insurance startup will announce on Tuesday.

In a statement seen by Reuters ahead of the announcement, Chicago-based Clearcover did not comment on its valuation, but a person familiar with the deal said the

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Florida home to three-quarters of U.S. property insurance lawsuits

Ruben Onsu

A new report from the state’s Office of Insurance Regulation found Florida accounted for over 76% of all homeowners’ litigation in the United States in 2019.

The data comes from an OIR review of the National Association of Insurance Commissioners Market Conduct Annual Statement (MCAS) Data Call, covering 2016-2019. While Florida exceeded the rest of the nation in homeowners’ insurance litigation, the state accounted for only 8% of homeowners’ insurance claims nationwide.

In an April 2 letter addressed to House Commerce Committee Chair Blaise Ingoglia, Insurance Commissioner David Altmaier said the trend is not new. Of all homeowners’ insurance

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Utah Woman’s Life Insurance Claim Goes Unpaid Despite Paying Premiums

Ruben Onsu

SALT LAKE CITY, Utah — One Utah woman was paying the premiums on her life insurance policy, so why did the insurance company tell her family the policy was no good after she passed away?

Shaela Savage died in October of 2019, one day after giving birth to a son.

Devastated, her parents took in their grandson and tried to claim the $150,000 voluntary life insurance policy for which Savage had signed up at work.

Her mother, Kari Escher, said it was a glimmer of hope in the midst of unimaginable tragedy.

“We’re going to be able to provide for

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Insurance Startup Clearcover Raises $200M, Creating Unicorn Valued at $1B: Reuters

Ruben Onsu

Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment firm helmed by Los Angeles Dodgers owner Todd Boehly, the digital car-insurance startup will announce on Tuesday.

In a statement seen by Reuters ahead of the announcement, Chicago-based Clearcover did not comment on its valuation, but a person familiar with the deal said the latest round would make it a so-called “unicorn” – implying a valuation of $1 billion or more.

The Series D funding round also includes investments from existing investors, including American Family Ventures, Cox Enterprises and OMERS

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