elderly News

JPMorgan Client Who Lost $50 Million Fortune Faces Court Setback

The family of an elderly JPMorgan Chase & Co. client who lost tens of millions of dollars on investments as he slid into dementia faces a major setback in their years-long legal battle with the bank, after a magistrate judge …

Former California Insurance Agent Who Scammed Church Members Sentenced

Constance Gail Fortune, 61, pleaded guilty this week to one felony count of grand theft by embezzlement and one felony count of theft from an elder or dependent adult in a case in which she was charged with scamming members …

SCI Underwriting Management Launches Four New Products for Aging Service Industry

SCI Underwriting Management, LLC, a managing insurance agency with a focus on the aging service industry, has launched four new products for the segment: property (ultimate cover); nursing home auto coverage; crime coverage form PI-ULT-009; and nursing home cyber security …

Senator Targets Workers’ Compensation Pay to Elderly Federal Employees

More than 1,000 federal workers aged 80 and older are receiving workers’ compensation benefits even though they likely have no intention of returning to work, according to a U.S. senator who wants to reduce the waste in the program that …