December 2024

Texas Fair Plan Association: Essential Coverage Amid Rising Risks

The Texas Fair Plan Association serves as the crucial insurer of last resort for Texas homeowners unable to obtain private insurance. As climate threats grow, understanding TFPA’s role becomes essential. TFPA provides necessary, albeit limited, coverage to over 105,000 policyholders, ensuring insurance access in high-risk areas. Critics cite its limits and costs, but supporters stress its importance.

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South Korea’s ex defense minister faces insurrection charges, arrest

South Korea’s former Defense Minister Kim Yong-hyun has been arrested for insurrection following President Yoon Suk Yeol’s martial law declaration. The arrest comes amid an ongoing investigation into the political turmoil that erupted after martial law was briefly imposed. This significant development reflects the serious charges against high-ranking officials involved in the crisis.

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Pimentel’s group warns of new violations in ongoing PhilHealth case

A petition led by Senator Aquilino Pimentel III challenges the transfer of PHP 9 billion from PhilHealth to the national treasury. The Supreme Court will hear oral arguments in January 2025, reflecting concerns over constitutional violations and public health funding. Meanwhile, the bicameral conference committee addresses the 2025 General Appropriations Bill amidst economic and health challenges.

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