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Marty Markowitz, the Brooklyn borough president, lobbied Allstate officials last month to retain policyholders.
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At this time there is one unsatisfactory option that will enable some policyholders to retain the complete Blue Shield provider network.
If insurers are competing for high quality services for policyholders, then the insurers should spend to retain the most skilled physicians.
"In my view, this is a scheme to defraud by inducing the policyholder's beneficiary to let the life insurance company retain assets they're not entitled to.
One study found that in the 2008-to-2011 period, only 42percentt of policyholders in the non-group market retained that coverage after 12 months, with many moving to an employer-provided plan when obtaining a new job.
The money is likely to be trickled out to policyholders over an unspecified period, and the company retains the right to suspend payouts if conditions were to change.
The settlement is part of a three-year investigation involving more than 30 states that centers on accusations that insurers retained unclaimed life insurance payouts when they should have taken more direct steps to track down beneficiaries, like matching Social Security death records with their own databases of policyholders.
Buy retained.
Retaining them.
Retaining women.
Angle retained.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com