star health stocks: Buy Star Health and Allied Insurance Company, target price Rs 650: ICICI Direct

ICICI Direct has buy call on Star Health and Allied Insurance Company with a target price of Rs 650. The current market price of Star Health and Allied Insurance Company is Rs 531.25. Time period given by analyst is 12 months when Star Health and Allied Insurance Company price can reach defined target.

Star Health and Allied Insurance Company, incorporated in the year 2005, is a Large Cap company (having a market cap of Rs 30770.73 Crore) operating in Financial Services sector.

Star Health and Allied Insurance Company key Products/Revenue Segments include Premiums Earned, Interest & Dividend and Income From Sale Of Share & Securities for the year ending 31-Mar-2022.

Financials

For the quarter ended 31-12-2022, the company has reported a Standalone Total Income of Rs 3074.37 Crore, up 2.39 % from last quarter Total Income of Rs 3002.62 Crore and up 13.40 % from last year same quarter Total Income of Rs 2711.01 Crore. Company has reported net profit after tax of Rs 210.47 Crore in latest quarter.

The company’s top management includes Mr.Venkatasamy Jagannathan, Mr.Utpal Hemendra Sheth, Mr.Deepak Ramineedi, Mr.Berjis Minoo Desai, Mr.Rajeev Krishnamuralilal Agarwal, Mr.Rajni Sekhri Sibal, PadmashriKaarthikeyan Devarayapuram Ramasamy, Ms.Anisha Motwani, Mr.Rohit Bhasin, Mr.Anand Shankar Roy, Dr.Subbarayan Prakash, Mr.Sumir Chadha. Company has V Sankar Aiyar & Co. as its auditors. As on 31-12-2022, the company has a total of 58 Crore shares outstanding.

Investment Rationale
Star Health is expected to maintain its leadership in retail health segment with sustainable long term growth opportunity. Higher than industry growth and targeted combined ratio of 95-96% provides confidence.

Promoter/FII Holdings
Promoters held 58.28 per cent stake in the company as of 31-Dec-2022, while FIIs owned 10.37 per cent, DIIs 1.26 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. … Read the rest

Frustrated Springfield roof customers wait one year; no movement in attorney general lawsuit

SPRINGFIELD, Mo. (KY3) – One year ago, the Missouri Attorney General sued a roofing company that left Springfield customers in limbo. Not one hearing has happened in that lawsuit. There’s not even one scheduled.

This started with an On Your Side Investigation back in the spring of 2021. Customers paid Love Our Roof, also known as Xcel Roofing, thousands and never got what they were promised. Following our reporting, the Attorney General filed a lawsuit against the company, but not much has changed.

The same goes with the empty Love Our Roof office on South Fremont Avenue in Springfield. There’s still a sign despite the sudden closure two years ago. Back then, customers would tell you the ink was still drying on their paperwork when the doors closed.

“I don’t believe at all that when we wrote a contract the week before the business closed that they didn’t have some inclination that the business was failing financially,” said Laura Leclair in 2021.

Leclair paid a nearly $4,000 deposit for home improvements. On Your Side caught up with her recently after she hired another company to do the job.

“We paid for it twice when we lost the $4,000 deposit, and it created a much longer process than it could have been. We had to wait for about a year before we found a new contractor, and they were able to get us on the schedule and get materials,” she said.

Leclair, along with others, never got their money back. She filed a complaint with the Missouri Attorney General. She’s listed in the lawsuit that indicates the company made ‘false promises’ and ‘violated the Missouri Merchandising Practices Act.’

“It would be nice to know if something was in the works. There are a lot of people who would like to see

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Tonawanda man says insurance company owes him more than $5,000

TONAWANDA, N.Y. (WKBW) — A Tonawanda man says a company he thought was providing him with medical coverage owes him more than $5,000.

When a hip injury led Jim Plinzke to retirement, he looked for a new medical insurance plan.

After filling out an online form, Plinzke got a call from a company offering him coverage for $800 less than what he had been paying monthly.

“They said if I paid in advance it would be less than $500 dollars per month, but I’d have to pay an initiation fee or something like that,” said Plinzke.

Plinzke paid $5,065 to Quick Health for what he was told was a full year of medical and dental coverage.

“At that time I thought it was legitimate. It made sense to me,” he said.

But Plinzke soon learned his doctors were unfamiliar with the ID cards emailed to him.

“When I called and asked them about that, they said not everything is online yet and this is pretty new,” Plinzke said.

Plinzke decided to cancel his plan and requested his money back.

“Gentleman told me it was going to take 7-10 days and I said I’m getting a little nervous,” he said.

Weeks passed without a refund, so he contacted 7 Problem Solvers.

7 Problem Solver Michael Schwartz called First Health Network, a company on one of the ID cards. A representative said they are just a health coverage network, not an insurance company.

Schwartz then contacted Quick Health. After explaining the situation, he was hung up on. He called back and was told they don’t have the authorization to speak to him and couldn’t forward him to a manager.

In the fine print of a receipt, it said the program is not an insurance policy. It provides discounts at certain healthcare providers

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Car Insurance Company Must Pay $5.2 Million To Woman Who Got STI In A Hyundai Genesis

A man in a car licks a woman's leg

The insurance company has been ordered to pay the damages. Image credit: Kiselev Andrey Valerevich/shutterstock.com

A car insurance company has to pay $5.2 million to a woman who claims she caught a sexually transmitted infection (STI) in a Hyundai Genesis.

The woman, from Missouri, claims that she caught the STI from her ex-boyfriend in his car, which was insured by GEICO General Insurance Company. The case alleged that the man had not disclosed his infection with the human papillomavirus (HPV).

Last year, the arbitrator said that the sexual intercourse in the car had “directly caused, or directly contributed to cause” the infection, and found that the man was liable for not disclosing his infection status to the claimant. She was awarded $5.2 million in damages, to be paid for by the boyfriend’s insurance company, GEICO.

The insurance company sought to overturn this through the Missouri Court of Appeals, claiming that the decision was not in line with Missouri law, as Yahoo News reports. However, the three-judge panel agreed with the earlier ruling, meaning the company will now have to pay for the ex-boyfriend’s damages on his behalf.

“If you think about it as an injury sustained while in that person’s vehicle, then it totally falls within what an insurance company would be required to pay,” personal injury attorney Miguel Custodio told company.html”Mail Online.

“Usually, injuries to passengers are the result of a collision, or slamming the door on one’s fingers, that sort of thing. But while a lawsuit over contracting an STD from the insured driver may be the first of its kind, this award shows that it’s not a stretch for someone to file against an insurance company for any actions occurring in a motor vehicle.”

He added that the ruling could set a precedent

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