Rowan University sues insurance company for not covering millions in losses amid COVID crisis

Ruben Onsu

Rowan University has joined the growing list of businesses in New Jersey filing suit against insurance companies for not covering losses associated with the coronavirus pandemic.

The university claims in court papers Factory Mutual Insurance Company of Rhode Island has failed to honor an all-risk commercial property policy that ran from July 1, 2019 to July 1, 2020.

The lawsuit, filed last month in state Superior Court in Gloucester County, states the policy promises coverage for business losses and extra expenses due to “interruption by communicable disease.”

The policy, which covered all of Rowan’s 24 locations in the state, should

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How to get the best homeowners insurance policy for your needs

Ruben Onsu

Is your policy offering the right protection? Are you paying too much? Use this home insurance guide to find out. (iStock)

Having adequate insurance is critical as a homeowner. Not only does it protect your investment (the home), but it also keeps you from being financially drained if an unexpected disaster should occur.

Unfortunately, nailing down the right policy can be tedious. There are all kinds of home insurance coverage to consider — some that are required by your mortgage lender and some that are optional. Even for an experienced homeowner, it can be a lot to think

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WATCH NOW: ‘Is this right?’ New federal law drives down health insurance costs in marketplace | Govt. and Politics

Ruben Onsu

Last week, Torres-Barrera called “out of the blue” and suggested that LeBlanc resubmit her application to the marketplace. The result? Her monthly premium fell from $339 to $209 a month, a monthly savings of $120.

“I feel for people who don’t have support,” she said.

The Kaiser Family Foundation estimates that the new law will expand health coverage to 3.7 million uninsured Americans, an increase of 20%. The estimated average savings range from $33 a month for someone who earns less than 150% of the poverty level ($19,320 for an individual), to $213 a month for someone with an income

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Oasis Foundation announces implementation of Tidal DeFi insurance platform

Ruben Onsu

The Oasis Foundation, an offshoot of Oasis Network developers Oasis Labs, announced in a blog post on Friday that decentralized finance (DeFi) insurance and coverage provider Tidal Finance will be implementing a version of their platform on the Oasis Network. 

The blog post noted that insurance will be important for users of the platform as Oasis scales its DeFi offerings, and that by working with Oasis’ “confidential smart contracts” Tidal will be able to deploy new claims methods, such as “anonymous, democratized voting” that preserves voters and user privacy.

The move mirrors similar ones being made in Ethereum’s DeFi ecosystem,

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Azealia Banks Demands Music Industry Provide Health Insurance

Ruben Onsu

Azealia Banks took to Instagram hours after the death of DMX to discuss an issue pertaining to the late rapper, who she said was “crying out for help.”

Banks accuses the music industry of attempting to sabotage an artist by profiting as much as possible without considering their well-being, adding, “You have somebody like DMX, who, for so long, was crying out for help, crying out for fucking help. Letting people know that he needed help, legitimate help.” 

Banks saw similarities with DMX in her own career, but she has only recently started to gain some positive traction. 

“There have

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Not just $1,400 checks: 5 new health care, FSA, insurance and COBRA savings in the stimulus law

Ruben Onsu

With the new stimulus bill, you may be able to save money on health insurance plans this year.


Sarah Tew/CNET

You’re probably familiar with the $1.9 trillion stimulus law that includes a third stimulus check for up to $1,400 per person, a child tax credit for up to $3,600 per kid (how to calculate your child credit total) and several other tax breaks for people who are unemployed, low-income or have kids. But the American Rescue Plan Act also contains important updates and tax breaks for medical care and health insurance that could benefit your family. 

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