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Walt Bernard Podgurski,  Editor,  440-773-1108, 

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Editorial Mission Statement: The goal of this publication is to provide readers a broad selection of what is being written about the insurance industry and related issues. Some articles may have a “tilt” towards a particular perspective one way or another. Inclusion in this newsletter is not an endorsement of any views or content; but report the various and differing views appearing in media.
  Wednesday, 10/02/19 - https://DailyInsuranceReport.com 

The "Daily Insurance Report" is now subscribed to by 25,000 elite insurance industry influencers who receive it Monday - Friday and have a quick overview of what is appearing in the media regarding the insurance industry; with an emphasis on life, health, and employee benefits.

The "Daily Insurance Report" publishes the life insurance, health insurance, and employee benefits news that matters.

Schwab Cuts Commissions To Zero, As Free Trading Edges Toward The Norm

Wall Street is in a race to the bottom. On Tuesday, Charles Schwab said it will slash its commissions for online trades to zero in response to looming competition from app-based upstarts like Robinhood.

The brokerage firm's stock was down 10% in the afternoon. Its competitors took a bigger hit, with TD Ameritrade shares falling 25% and E-Trade down about 17%. In its announcement, Schwab said eliminating online trading commissions equates to about $90 million to $100 million in quarterly revenue, or about 3% to 4% of revenue.

Schwab is bringing its online trading commission down for U.S. and Canadian equities and exchange-traded funds from $4.95 to zero starting next Monday. The firm already offers commission-free trades on hundreds of ETFs.

ICMG Annual Conference
Orlando, Florida, January 29-30, 2020
ICMG's Annual Conference has a history of offering networking events where executives from insurance and financial product manufacturers and distributors meet and successfully develop business partnerships. Our next conference will be no exception!

Those that have attended for several years know the ICMG Annual Conference is the place to network and get deals done. If you're looking for a new product, someone to design a new product for you, or you're looking for distribution for new or existing products, chances are you can find what you're looking for at the ICMG Annual Conference.

WHO ATTENDS: Senior level executives and decision-makers from insurance carriers, fraternal, and financial organizations, marketing organizations and distributors, operational and sales support providers, and others involved in creating business relationships and strategic alliances.

See More and watch the video to get a feel of what you can expect at an ICMG Annual Conference!

Chattanooga-based BlueCross BlueShield of Tennessee refunds $22.6 million to policy holders
Individual, small employer groups in Marketplace plans get refund after premiums exceed minimum medical loss ratio
Dave Flessnerin / Times Free Press

For the first time since introducing the Marketplace plans for individuals under the Affordable Care Act in 2014, Tennessee's biggest health insurer is having to refund some of what it charged its customers last year because it didn't pay out enough of its premium income in health care costs in 2018.

BlueCross BlueShield of Tennessee mailed out insurance rebates Monday totaling $21.4 million to individual policy holders, and another $1.2 million was mailed to small group employers. The rebates are coming on top of an average 14.9% cut in rates implemented this year by BlueCross under its Marketplace plans.

DOJ charges 149 people for hundreds of millions of dollars of healthcare fraud, drug diversion
by Paige Minemyer / FierceHealthcare

The Department of Justice (DOJ) announced several healthcare fraud takedowns of late, resulting in dozens of charges, including many against medical professionals.

Across the three fraud takedowns, 149 people were charged across fraud schemes totaling millions billed unlawfully to government and private payers.

“Physicians and other medical professionals who fraudulently bill our federal healthcare programs are stealing from taxpayers and robbing vulnerable patients of necessary medical care,” said Brian Benczkowski, assistant attorney general in the DOJ’s criminal division. “The Department of Justice will continue to use every tool at our disposal, including data analytics and traditional law enforcement techniques, to investigate, prosecute and punish this reprehensible behavior and protect federal programs from abuse."

The 7 Biggest Technology Trends In 2020 Everyone Must Get Ready For Now
Bernard Marr, Contributor Enterprise & Cloud /Forbes

We are amidst the 4th Industrial Revolution, and technology is evolving faster than ever. Companies and individuals that don't keep up with some of the major tech trends run the risk of being left behind. Understanding the key trends will allow people and businesses to prepare and grasp the opportunities. As a business and technology futurist, it is my job to look ahead and identify the most important trends. In this article, I share with you the seven most imminent trends everyone should get ready for in 2020.

5G data networks
Autonomous Driving
Personalized and predictive medicine
Computer Vision
Extended Reality
Blockchain Technology

SEC Exploring Private Equity in 401(k) Plans
Morningstar cautions against complexities; others say it’s doable.
By Nick Thornton / Credit Union Times

Should the average 401(k) investor have greater access to private equity in their retirement plans?

That concept has been percolating for several years, with proponents arguing that defined benefit plans sponsored in the public and private sectors have benefited from private equity allocations.
Now, the Securities and Exchange Commission is exploring the question in a concept release– Harmonization of Securities Offering Exemptions.

The concept release is broad, exploring the existing regulatory structure of investments that are exempt from registering with the SEC.
The SEC issued 138 questions to stakeholders. One explores the potential for wider utilization of private equity in 401(k) plans.

Holistic Wellbeing with guest speaker Steve Boese

Traditionally, wellness has been thought of in a physically healthy sense. But over time, organizations have found that thinking about wellbeing in a more comprehensive manner is not only preferable and better for the employees, but also better for the organization.

Listen to this wide-ranging conversation with Steve Boese, Co-Founder of H3 HR Advisors, Inc., as we discuss what a more holistic approach to wellbeing really means, and what steps you can take to put it into action in your organization.

Corestream and ADP Renew Benefits Platform Integration

Corestream, the leading platform for connecting employees with voluntary benefits, today announced that its multi-year agreement with ADP Benefits, a provider of benefits services, was renewed by ADP. Corestream’s integration with ADP has resulted in one of the industry’s most robust benefits administration offerings, seeing a positive employer reception and strong employee adoption.


Monday, 09/30/19 - Online comparison shopping for healthcare services increased 257% since 2012: UnitedHealthcare survey

Tuesday, 10/01/19 - Bank of America, Morgan Stanley eye growth in employee-benefits management

Wednesday, 09/25/19 - Healthcare May Eventually Become A Bigger Business For Best Buy Than Selling Electronics

Thursday, 09/26/19 - Mayo Clinic, Google to Form Healthcare Partnership

Friday, 09/27/19 -
American Airlines sees engagement soar with new benefits tech

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Walt Bernard Podgurski - - Editor