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Insurance News 12/2016



Editorial: State needs a second audit to unravel insurance taxes
The oft-quoted Chinese philosopher Confucius is credited with saying, “True wisdom is knowing what you don't know.” By that standard, the five – yes five – New Mexico agencies weighing in on whether a handful of health-insurance companies really owe ...

St. Joseph County Council could shop to replace health insurance adviser
15 for the County Council to consider putting out a request for proposals for firms interested in replacing the county's current insurance adviser, R&R Benefits of South Bend. The move, however, is for informational purposes only since the nine-member ...

It's not your imagination: Colorado drivers are really bad, insurance study confirms
Colorado ranks as the eighth worst driving state measured by the rate of auto accidents, drunk driving cases, speeding tickets and traffic citations, according to a new study from online insurance comparison site QuoteWizard. Measuring driver quality ...

Insurance Blind Spots: 5 Coverage Gaps That Could Cost You ...
Insurance Blind Spots: 5 Coverage Gaps That Could Cost You ...

Insurance blind spots: 5 coverage gaps that could cost you
You might think you have airtight insurance protection against storms, car accidents and other mishaps. But you'd hate to discover hidden cracks in your coverage once it's too late. Here are five insurance problems you might not be as prepared for as ...

PHOTOS: 50 people charged across Pa. with insurance fraud
David G. Miller III, 32, of the 6200 block of Mount Pleasant Road, Honey Brook, is charged with one count each of insurance fraud and criminal attempt to commit theft by deception. According to a criminal complaint filed in support of the charges ...

Zenefits ordered to stop offering free insurance software in Washington state
Washington State Insurance Commissioner Mike Kreidler has ordered insurance startup Zenefits to stop providing free use of its software in the state. The Commissioner issued a release detailing the order on Thursday, and explaining that the block on a ...

Insurance Foundation Launches Washington Chapter
The Washington Chapter will be led by a board of industry leaders from insurance companies across the region, with Molly Hunter, senior vice president and global relationship leader of Zurich Insurance, and Jacob Decker, vice president and director of ...

LA County woman convicted of killing her husband for insurance money loses appeal
A woman convicted 24 years ago of killing her husband for money will remain on death row under a ruling Thursday by the California Supreme Court. The state high court unanimously upheld the conviction and death sentence of Catherine Thompson, ...

How To Use Insurance Markets To Improve US Cybersecurity
Anticipating a catastrophic event in cyberspace, Congress should put in place a federal backstop for cyber insurance. Doing so would set expectations for the market and, if constructed properly, reduce the likelihood of a catastrophic cyber event by ...

R.I. Chiropractic Society seeks broader insurance coverage
Though many Rhode Island insurance carriers offer coverage for chiropractic care, the number of covered visits is often limited to 12 per year and includes co-pays which are often as much or more than the out-of-pocket cost, the society said in a ...

Republicans Are Going To Take Your Healthcare Away And Give Insurance Companies A Bailout
Health insurance companies are warning that the system will collapse after Obamacare is repealed, so the solution that Republicans are working on involving giving billions of taxpayer dollars to insurance companies while taking health insurance away ...

Ask Chuck: How To Buy the PERFECT Insurance Policy
My father recently passed away in an accident and a whole life insurance policy he had is providing some financial relief to my mother, though unlike some other policies they had, it did not pay more for an accidental death. But a term life policy my ...

How Insurance Companies Can Improve User Experience To Increase Sales And Lower Support Costs
Let's face it: insurance can be confusing. Trying to make sense of a policy, get a quote, or file a claim can still be an intimidating experience. What's worse, many insurance websites do not deliver what users want. This leaves consumers with a choice ...

At risk: Many companies don't have enough disaster insurance
Kathy Laurenti, owner of North Denver Sausage, is rebuilding her retail store and production facility after it was heavily damaged by an accidental fire in an adjoining gun shop last year. Through the fire, Laurenti learned that her business insurance ...

Insurance coverage at issue in wrongful death suit brought by mother of Tilton man who was electrocuted
LACONIA — The insurance company that could be liable for a payout in connection with a Meredith man's death is asking a judge to determine the rights and obligations of the parties with respect to various policies that were issued. Ronald E. Shaw Jr ...

Things to know about 2 big health-insurance deadlines in December
7, is the open enrollment deadline for Medicare, a government health insurance plan for people over age 65, as well as for people under age 65 with certain disabilities and people of all ages with end-stage renal disease. Nearly 1 million Arizonans ...

Insurance Associations AAMGA, NAPSLO Move Forward with Merger Talks
“The synergy of the AAMGA and NAPSLO, together serving the entirety of the wholesale insurance marketplace, is a common sense opportunity neither organization can afford to ignore,” said Ed Levy, AAMGA president, and Dave Leonard, NAPSLO ...

Holiday Blunders Covered by Homeowners Insurance
Severe weather or an accident can cause the holiday season to feel even more chaotic. A fire or heavy snowfall might damage a house, or the family dog might bite a dinner guest. But if homeowner has insurance, those are some scenarios their insurance ...

National Flood Insurance payouts to disaster survivors top $6.5 million
National Flood Insurance Program payouts to Hurricane Matthew disaster survivors in Georgia have reached more than $6.5 million in paid claims. Georgians have filed 1,054 claims with the program as of close of business Nov. 30. More than $2.5 million ...

Questions raised over fundraiser for new insurance commissioner
A fundraising event planned for Tuesday, December 6, 2016 in honor of newly-elected Insurance Commissioner Mike Causey is raising questions among lobbyists and industry professionals. Causey, a Republican, is set to take office as the new Insurance ...

Life insurance policy locator tool launched
The Kentucky Department of Insurance (DOI) announced this week a national service that provides consumers with the capability to search online for lost life insurance policies and annuities. The National Association of Insurance Commissioner's (NAIC ...

Don't make these health insurance mistakes
Whether you get your health insurance through your employer, Medicare, or one of the Affordable Care Act exchanges, there's a good chance you're paying more than you need to. According to a study last year by the National Bureau of Economic Research, ...

State says insurance companies responsive following hurricanes
TALLHASSEE, Fla. (NSF) - Insurance companies, for the most part, have been responsive to customers affected by two hurricanes that caused hundreds of millions of dollars in damage in Florida this year, state officials said Friday during a roundtable ...

Terrebonne Parish insurance deal adds to already swirling controversy
HOUMA, La. – Insurance agent and Terrebonne Parish Levee Board Chairman Tony Alford has been at the center of controversy here for months. But that didn't stop the parish council from choosing him last month for the parish's largest insurance contract, ...

Police sergeant gets jail term in insurance fraud scheme
PLYMOUTH, Mass. — A Massachusetts police sergeant has been sentenced to serve half a year in a county jail after he was convicted of lying about an on-duty accident and accepting insurance money for a bogus injury. A jury convicted Hingham ...

No, Car Rental Insurance Is Not Mandatory*
States require car rental companies to carry insurance on their vehicles. But there's no corresponding law that says you have to purchase insurance, which technically isn't insurance, but an expensive and highly profitable collision-damage waiver (CDW ...

Bowler pleads guilty to Streetfest insurance fraud
A Washington City woman accused of defrauding St. George's monthly George Streetfest event organizers in an insurance scheme pleaded guilty Thursday, the day before the final downtown festival of the year. Sommer Randall Bowler, 39, appeared before ...

Obamacare enrollees awaiting word on their health insurance
NEWBURGH - Nick Gross initially resented the Affordable Care Act, blaming the 2010 federal health law for the insurance hit he took at work. The small firm that employed him as an information technology specialist swapped his low-deductible health plan ...

Commission working to reduce health insurance costs
EDWARDS — No one is sure what will happen to the federal Affordable Care Act — Obamacare — but a group tackling high health insurance costs in the high country isn't waiting to find out. Local, regional and state officials met through October and ...

New online search tool helps find lost life insurance policies ...
New online search tool helps find lost life insurance policies ...

Resources to help locate lost life insurance policies
Lost or forgotten life insurance policies are very common in the U.S. It's estimated that more than $7 billion in benefits from unclaimed life insurance policies are waiting to be claimed by their rightful beneficiaries. While unfortunately, there isn ...

Local governments ponder solutions to health insurance increases
Increasing health insurance costs have not just affected Cache County's budget discussions but have become a topic of increasing concern and scrutiny on a statewide and national level. According to the Utah Department of Insurance, the state's ...

Doctor: The problem isn't Obamacare; it's the insurance companies
This is not the fault of Obamacare, which stopped the most egregious problems with insurance companies. Remember lifetime caps? Remember denials for pre-existing conditions? Remember the retroactive cancellation of insurance policies? Returning to ...

Carefully weigh health insurance options
Even though the election is over and Republicans are in a position to repeal and replace Obamacare as they've been vowing to do for several years, that doesn't mean you should avoid signing up for 2017 insurance coverage. If you're eligible and need ...

5 insurance coverage gaps that could cost you
Homeowners insurance doesn't cover flooding; you'll need a separate policy. You can find local agents through the National Flood Insurance Program . You can also ask your home insurer for help starting a policy through the federal program, or whether ...

A startup that wants to transform insurance 'beyond recognition' has added $33 million to its war chest
Two months after launching out of stealth to take on the peer-to-peer insurance industry, New York-based Lemonade has raised $33 million in funding, according to an SEC filing from December 2nd. First spotted by CB Insights' filing tracker, the quiet ...

Locating lost life insurance policies
Dear Savvy Senior: When my mom passed away we thought she had a life insurance policy, but we have no idea how to track it down. Do you know of any resources that might help? — Searching Susan. Dear Susan: Lost or forgotten life insurance policies ...

Xceedance Launches Insurance Operations Centre in Krakow, Poland
LONDON--(BUSINESS WIRE)--Xceedance, a global provider of property/casualty insurance technology, analytics and consulting services, today announced the launch of an operations centre in Krakow, Poland. The centre will provide services and support to ...

UK insurance body launches flood insurance for businesses
Dec 5 The British Insurance Brokers' Association (BIBA) said it had launched an insurance scheme that provided flood cover for businesses, after the government backed a similar scheme for homeowners earlier this year. BIBA said the scheme, available ...

The Problem With One-Size-Fits-All Health Insurance
This one-size-fits-all approach to insurance coverage disproportionately hurts low-income people, many of whom might reasonably prefer to devote their scarce dollars to housing or their children's education. To some extent, subsidies and other monetary ...

Feds, retirees get soaked in 'perfect storm' of rising insurance costs ...
Feds, retirees get soaked in 'perfect storm' of rising insurance costs ...

Protector Holdings buys Big Savings Insurance Services
Protector Holdings has acquired Big Savings Insurance Services. Financial terms weren't announced. Sacramento-based Big Savings provides insurance services to Hispanic consumers in the Western United States. Protector Holdings is a joint venture of ...

Liberty Mutual is buying an insurance company from a Chinese giant for about $3 billion
Liberty Mutual is buying the excess and surplus insurance company Ironshore Inc. from Fosun International for about $3 billion. Fosun, a Chinese insurer, bought Ironshore for about $2.3 billion two years ago, and had been looking to take the company ...

Shopping for health insurance? Check out Pennsylvania's new comparison site
Pennsylvania residents shopping for health insurance now have a new tool that may make the task easier. It's a website that shows information on all individual plans that meet the requirements of President Barack Obama's health care law. Previously ...

BRIEF-Hub International acquires assets of MDW Insurance Group, Agents Ins...
BRIEF-Hub International acquires assets of MDW Insurance Group, Agents Ins...

Wal-Mart adds insurance coverage for transgender employees
Wal-Mart Stores Inc. added insurance coverage for transgender workers this year, joining more than 500 companies taking a bigger role in advancing the rights of LGBT employees in a competitive market for labor. (Gunnar Rathbun/AP Images for Walmart) ...

Compare Auto Insurance Quotes When You Need Cheap Coverage!
The website also has important connections with several big names in the insurance industry and can help drivers compare plans from multiple agencies. This saves clients time as they will be able to review various plans from different agencies at the ...

Insurance Commissioner Gerhart stepping down
Iowa's outspoken insurance commissioner is stepping down. Nick Gerhart has resigned effective Dec. 23, the governor's office announced Monday. Gerhart was appointed to the four-year post on Feb. 1, 2013. He said in an interview Monday that he decided ...

BRIEF-Fitch says Indonesia's Insurance to grow in an infrastructure-driven...
BRIEF-Fitch says Indonesia's Insurance to grow in an infrastructure-driven...