An internal report shows customers with car loans had costly, unnecessary insurance tacked onto their bills, and 274,000 were pushed into delinquency.
NYS Entity Status
NYS Filing Date
JANUARY 03, 2014
NYS DOS ID#
NYS Entity Type
FOREIGN LIMITED LIABILITY COMPANY
2014 - ARA ELITE GROUP LIMITED LIABILITY COMPANY
AROUND THE WEB
- Wells Fargo Forced Unwanted Auto Insurance on Borrowers
By GRETCHEN MORGENSON - Thursday Jul 27, 2017
- IAB Tech Lab Launches Blockchain Working Group
Monday Sep 18, 2017
GroupM, Kochava, MetaX, and Nyiax have become member companies in an IAB Tech Lab working group that launched Monday focused on blockchain and explore ways to use it in digital technology. ShailleySingh leads the group. The working group will initially design ways to educate the industry, set priorities for business use cases and develop standards and best practices.
- Pennsylvania insurer’s collapse could hit Californians in wallet
By Chad Terhune - Friday Aug 11, 2017
Among all the reasons for rising health insurance premiums, this one might be the most obscure: A long-term care insurer in Pennsylvania just went belly-up.[...] failures are rare, but when they happen, other companies are responsible to help pay claims and protect policyholders through groups known as state guarantee associations.In these situations, long-term care coverage is treated as health insurance, so health insurers are liable for the payments — and some are disputing that.Industry analysts estimate that Penn Treaty has long-term claims liabilities approaching $4 billion, but only about $700 million in assets.Health insurers can pass along those costs by imposing premium surcharges, or they can shift the burden to taxpayers by paying less in state premium taxes.Anthem, the nation’s second-largest health insurer, estimates it will pay $253.8 million to cover its portion of claims.Most state guarantee associations will provide up to $300,000 for each policyholder who files a claim, but the limits vary by state.In California, more than 130,000 people who bought long-term care policies from the state workers’ retirement system received 85 percent rate hikes in recent years.Virtually all of the health insurance companies, especially the big ones, have never sold long-term care insurance,” Belth said, “so they are not appreciative of being assessed.
- Finally, Something Good From Yahoo
Sunday Jul 2, 2017
An investment in its offspring, Altaba, offers a high reward if management can reduce its tax liability, and it has limited downside.
- The Tech Companies That Have Banned Hate Groups Since Charlottesville
By Cale Guthrie Weissman - Friday Aug 18, 2017
This week Silicon Valley, long known for trying to stay out of messy politics and ideology, began taking a stand—for now.
This week something changed. Technology platforms, long known for trying to keep out of messy politics and ideology, began taking a stand against hate groups after a bloody white-nationalist rally in Charlottesville ended with a man driving his car into and killing a counter-protester.
- Woody Allen’s ‘Wonder Wheel’ set to close NY Film Festival
By Deadline - Tuesday Jul 25, 2017
The film will go into limited release December 1.