That might sound logical – but not under Georgia law. The court pointed to the state’s hospital lien statute, which clearly states that a hospital’s lien applies to the patient’s cause of action (in this case, Giles’s personal injury claim), not to the patient themselves. In other words, it’s about the money recovered from the injury, not whether the patient personally owes a debt.
Net income for the quarter was US$274 million, or US$1.00 per share, compared to US$338 million, or US$1.24 per share, in the same period last year. Core income dropped to US$281 million, or US$1.03 per share, from US$355 million, or US$1.30 per share, year over year. Source link
In the fourth quarter, US annuity sales totaled $100.6 billion, a 13% decline from the record-setting fourth quarter of 2023. Lower interest rates contributed to declines in fixed-rate deferred (FRD) and income annuity sales, affecting overall results. Source link
State Farm, caught in the middle of conflicting demands, opted to file a federal interpleader action – a move that allows insurers to deposit funds with the court and step aside while potential beneficiaries litigate who is entitled to the money. Robbins, in turn, sued State Farm in state court, alleging breach of contract, violations…
• Number of Claims Settled: 9,22,207 •Amount of Claims Settled: ₹19,327.63 crore •Claim Settlement Ratio: 98.52% •Repudiation Ratio: 0.87% •Pending Claims Ratio: 0.08% •Analysis: LIC continues to dominate the life insurance market with the highest number of claims settled and a substantial amount of payouts. Its high claim settlement ratio, coupled with a low repudiation…
According to the report, by 2050, the global dependency ratio, or the number of seniors per 100 working-age adults, is expected to increase from 16% in 2024 to 26%. This demographic shift will influence consumer behavior, particularly in terms of spending patterns. Source link
