Home Insurance Page 2

IMF loan will not save Ghana’s economy – US Economist

The government of Ghana’s U-turn decision to meet the International Monetary Fund (IMF) for bail out is still a major topic for discussion this week.

One group feel going to the IMF is the right decision while others feel the move will not help Ghana.An international economist from the John Hopkins University, USA, Professor Steve Hanke has said the current IMF programme Ghana want to sign will fail,

According to Professor Steve Hanke, some other IMF mortgage will not shop Ghana’s financial system,He said much like the the beyond 17 IMF programmes, a new one will fail.

He additionally found out that based on trade charge facts from free and black market, annual inflation fee for Ghana can be around 49.35%.

State reminds veterans and service members of benefits and opportunities


The Michigan Department of Insurance and Financial Services (DIFS) joins the Michigan Veterans Affairs Agency (MVAA) in spotlighting the benefits and opportunities available to veterans and active service members for Military Appreciation Month.

DIFS says eligible veterans wishing to become insurance agents can be reimbursed for the department’s examination fees.

We’re told discounts on insurance are also available through many insurance companies. Get in touch with your insurance agent or provider for more information.

“All Americans are indebted to the brave men and women who make personal sacrifices to protect our way of life,” says Anita Fox, director of DIFS. “The leadership and skills that service members bring home with them make them ideal candidates for the great careers and benefits that we have available for them here at DIFS regulating the state’s financial services and insurance sectors.”

Reopen of two Marwako Restaurant


The food and drug Authority (FDA) has lifted the suspension of catering sports at the East Legon and Abelenkpe Branches of Marwako food restaurant.But, the l. A. Department remains closed while the Spintex avenue branch continues to be going thru strategies to be formally issued with the needful food Hygiene allow to begin operations.

A statement stated.It stated the FDA, operating with the management of Marwako, had comprehensively educated all tiers of control and staff of Marwako on meals protection control systems; ensured the implementation in their corrective actions, and the institution of preventive actions.

The Authority confident the public that it would keep to strictly screen all operations of Marwako to make certain that all safety measures installed area have been always complied with.The foods and tablets Authority closed down the Marwako food eating place in March this year over a suspected case of food poisoning.

Ghana to hold second biennial West Africa capital market conference

Ghana, through the Securities and Exchange Commission (SEC), will hold the second edition of the biennial West Africa Capital Market Conference (WACMaC) in Accra.

The event scheduled for Tuesday, May 24, 2022 is on the theme: “Deepening and strengthening the capital markets across West Africa through effective regulation.”

It will enable capital market operators and investors to discuss ways of integrating the market in the sub-region.

In a statement issued to the Ghana News Agency, announcing the conference, SEC said it was orginising the event in collaboration with the West Africa Securities Regulators Association (WASRA).

Other issues that would feature during the conference include sustainable finance and regional development, innovative finance and technology in an integrated market.

Private equity and venture capital in Small and Medium-Sized Enterprise (SME) financing in Africa as well as deepening West Africa’s capital markets would also be discussed during the conference.The statement said the conference was to enable citizens and market operators in the West African countries to be able to operate and buy shares and securities in other countries within the sub region.The Conference would be graced by dignitaries including Dr Mahamudu Bawumia, Vice President of Ghana, Ken Ofori-Atta, Minister of Finance, and Rev Daniel Ogbarmey Tetteh, Director-General, SEC.

Mr Lamido Yuguda, Chairman of the West Africa Securities Regulators Association (WASRA) and Director-General, SEC, Nigeria, Ms Nezha Hayat, Chairperson of the Africa and Middle East Regional Committee would also attend the event.WASRA, established in 2015, is an association of capital market regulatory institutions comprising Nigeria, Ghana and Regional Council for Public Savings and Financial Markets (CREPMF).CREPMF is made up of countries including Mauritania, Senegal, Mali, Guinea Bissau, Cote d’Ivoire, Togo, Burkina Faso, Benin Republic and Niger.

Coterie announce its expansion in New York city


Coterie Insurance, a small business insurtech, announced its expansion into New York State. With the addition of New York, Coterie insurance products are now available to agents, brokers and small employers across the nation.

New York agents and brokers can now access Coterie’s offerings on its website and small businesses in New York can connect with one of Coterie’s 5,000 agents via the website’s Find an Agent tool. The Coterie dashboard offers a qualification checker that indicates within seconds if a business is within the Coterie appetite.

“New York has the 10th largest economy in the world and maintains one of the largest employment populations of micro-businesses under 20 employees in the nation,” says Pete Buccola, vice president at Coterie.

In addition to partnering digitally with agents and brokers, Coterie aims to integrate insurance purchasing into existing small businesses processes. The company has teamed up with platforms including Intuit Quickbooks and Thryv in order to deliver business insurance through tools customers are already using. The company has also partnered with Independent Market Solutions and First Market Connect to help expand its capabilities to insurance agents already serving small businesses.

Coterie offers general liability, professional liability and business owners policies for small employers and freelancers. Coterie’s insurance products are underwritten by Spinnaker Insurance Co. and Benchmark Insurance Co.Coterie is led by David McFarland, founder and CEO.

The Cincinnati-based insurtech pulled in $11.5 million in new venture funding in February 2021 That followed an $8.5 million initial financing round in March 2020. Its investors include Intact Ventures, Alpha Edison, Lackawanna Insurance Group, RPM Ventures and Allos Ventures.

University of Rosario Reports Findings in Health Services (Price elasticity of demand for voluntary health insurance plans in Colombia): Health and Medicine – Health Services


According to news reporting from Bogota, Colombia, research stated, “Since 1993, Colombia has had a mandatory social health insurance scheme that aims to provide universal health coverage to all citizens. However, some contributory regime participants purchase voluntary private health insurance (VPHI) to access better quality health services (i. e., physicians and hospitals), shorter waiting times, and a more extensive providers’ network.”

Financial support for this research came from World Bank Group,United States.

The news correspondents obtained a quote from the research from the University of Rosario, “This article aims to estimate the price elasticity of demand for the VPHI market in Colombia. We use data from the 2016-2017 consumer expenditure national survey and apply a Heckman selection model to address the selection problem into purchasing private insurance. Using the estimation results to further estimate the price semi-elasticity for VPHI, we then calculate the price elasticity for the households’ health expenditure and acquisition of VHPI. Our main findings indicate that a 1% VPHI price increase reduces the proportion of households affiliated to a VPHI in the country by about 2.32% to 4.66%, with robust results across sample restrictions. There are relevant differences across age groups, with younger households’ heads being less responsive to VPHI price changes. We conclude that the VPHI demand in Colombia is noticeably elastic, and therefore tax policy changes can have a significant impact on public health insurance expenditures.”

According to the news reporters, the research concluded: “The government should estimate the optimal VPHI purchase in order to reduce any welfare loss that the current arrangement might be generating.”

National Recognition as ‘Top Producers’ for Three from First Community Mortgage


“Customers consistently tell us that Billy, Greg and Claudia are experts who make take care to address individual lending needs and goals, doing so in ways that demonstrate professionalism, great communication and above-and-beyond care,” says Dan Smith, President of FCM. “So, it’s no surprise that a growing base of satisfied customers and referrals have earned them this recognition.”


In 2021 Harter, Janicki, and Rios each surpassed $50 million in total volume for both purchases and refinances.Harter is a Vice President based in Murfreesboro. He has been in the financial industry for 15 years, closing over half a billion in mortgage loans, and has been recognized and received awards every year since 2008 by the Nashville Mortgage Bankers

Association for loan production.

Janicki partners with his wife Michelle and together the Johns Creek, Georgia-based team has over 50+ years’ experience in the mortgage industry. Through a “Clients for Life” approach, they have established a base of loyal clients and Realtor referral partners.Rios, a Senior Loan Officer based in FCM’s Cool Springs office in Franklin, was named last year to the annual Top 250 Latino Mortgage Originators Report recognizing the top producing Latino mortgage pros across the U.S. In addition to serving Middle Tennessee, Rios now serves customers in the Knoxville area and in Atlanta.

NMP Magazine is the source for top originators, providing industry leadership, resources for professional development, and more. Mortgage Women Magazine provides stories and actionable information told from the unique perspective of women fueling the growth of the mortgage world.First Community Mortgage, Inc. is a wholly owned subsidiary of First Community Bank of Tennessee, and includes Wholesale, Correspondent and Retail divisions. FCM is a FNMA, FHLMC, and GNMA seller/servicer and offers mortgage solutions to consumers and financial institutions. It funded nearly $3.5 billion in home loans in 2021 and has been the winner of several “best places to work” awards over the past year. First Community Mortgage is an Equal Housing Lender, NMLS ID 629700.


Ghana receives additional 1.24 million Pfizer vaccines from UK


Ghana has taken shipping of an additional 1.24 million doses of Pfizer vaccines from the United Kingdom as instances of COVID-19 increase step by step.

The doses arrived at the Kotoka international Airport over the weekend bringing the full united kingdom bilaterally donated COVID-19 vaccines to 2.Sixty four million.A announcement issued in Accra and copied to the Ghana news corporation (GNA) said the vaccines were acquired via officials from the Ministry of fitness alongside Ms. Beth Cadman OBE, the development Director at the British high fee.“i’m thankful for the advent of the 1.24 million Pfizer vaccines in Ghana while we see the number of COVID-19 instances inside the country growth. The wet season usually brings its honest proportion of disease worries, which includes malaria and viral outbreaks,” Ms Cadman said.

The assertion advised the general public to take a look at correct hygiene practices, take COVID-19 vaccines as quickly as possible to be protected against severe COVID-19 contamination, and take precautions in opposition to mosquito bites.“together, we can forestall COVID-19 from becoming a headline difficulty in Ghana.“we’re thankful to Ghana health carrier, Ministry of statistics, Ghana’s drone transport employer Zipline and all our companions and groups at the ground who will work tirelessly to make sure these jabs attain those most in need in towns and villages across the united states.

“We should make sure that the most inclined in Ghana, including persons with disabilities, have get entry to to the vaccines. No person is secure until collectively we are all included,” it stated.The UK’s £548 million contribution has supported the delivery of over 1.3 billion doses to 87 developing nations, along with 23.5million doses to Ghana through the worldwide COVAX initiative.

Ghana health workers are said to go on strike


The Ghana scientific association, Ghana Registered Nurses and Midwives affiliation, fitness services employees’ Union of TUC and government and health center Pharmacists affiliation have threatened to withdraw their services from July 28, 2022, over cost of living Allowance (COLA).

The four associations, in a statement copied to the Ghana information company, said the selection observed their inability to get hold of “beneficial” reaction from authorities at the request for COLA by using Organised Labour, which they had been a part of.“We had was hoping that the meeting convened via government with Organised Labour on 12th July, 2022, could have resolved the difficulty however the assembly did not gain its objective.

“We, therefore, serve be aware to authorities as an corporation that if by using 22nd July, 2022, the negotiations on COLA aren’t finished, the aforementioned health zone unions will haven’t any different choice than to embark on a sequence of actions as spelt out underneath with a purpose to in no doubt disturb the industrial concord in the health region,” the declaration stated.The movements consist of wearing of purple arm/wrist bands in all health facilities from July 25 to 27, 2022, withdrawal of Out-affected person department (OPD) services from July 28 to 31, 2022, and withdrawal of OPD and In-patient services on August 1, 2022.

Taikang lifestyles insurance Invests in ClinChoice


Just Recently, ClinChoice Inc. Introduced the finishing touch of its US$ a hundred and fifty million collection E round financing. The funding was led by Legend Capital, and co-invested by means of Taikang lifestyles coverage, Sherpa Healthcare partners, and current shareholders, which include Lilly Asia Ventures and Apricot Capital.

Proceeds of the financing can be used to fund the corporation’s continued business enlargement and progressive provider presenting international.

As a full provider medical-level CRO, ClinChoice serves the worldwide marketplace with the aid of imparting incorporated one-prevent clinical development offerings to emerging biopharmaceutical, medical device, and patron health clients around the arena. ClinChoice has over 3,000 personnel worldwide masking maximum of drug improvement hotbeds in U.S., China, multiple nations in Europe, and Southeast Asia

- Advertisement -