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Insurance News 02/2017



Tesla, BMW electric cars miss top insurance crash test grades
The Insurance Institute for Highway Safety tested 2017 models of both vehicles. Neither earned the institute's “Top Safety Pick” award, which is given to vehicles that get the highest rating in five different crash tests and offer a crash-prevention ...

Colorado car insurance rates increasing 15 percent or more
“We are seeing auto insurance go up across the country, but we're getting hit harder here in Colorado,” said Carole Walker, executive director of the Rocky Mountain Insurance Information Association. Colorado drivers can expect to pay an average of 15 ...

Group calls for US flood insurance revamp as program deadline nears
By Suzanne Barlyn. A U.S. flood insurance program that is drowning in billions of dollars in debt can be modernized to bolster its finances while curbing the public's exposure to flood risks, a national coalition said in a reform proposal unveiled on ...

Insurance Careers Month Asks Young Insurance Professionals to 'Spread the Word'
The second annual Insurance Careers Month kicks off today, Feb. 1, with organizers hoping to rally young insurance professionals around the world to “share pride in their careers and stimulate interest in the industry among their peers.” First ...

State insurance head asks Congress for 'flexibility'
WASHINGTON – Tennessee Insurance Commissioner Julie Mix McPeak urged Congress on Wednesday to give states more power to regulate their insurance markets. “Additional flexibility from Congress and the administration will help the states tailor ...

What to Expect in D&O Insurance
Directors and officers liability policies are likely become broader and continue getting cheaper in 2017 – among the likely trends expected for the financial and professional liability insurance marketplace in the months ahead, insurance broker Marsh ...

How To Give Yourself A Midlife Insurance Audit
Owning the right insurance for the right price is a crucial element to your financial well-being. This is especially true in your 50s or 60s when you may no longer need some types of coverage you've had, could be overpaying for others or might be ...

Health Care, Not Health Insurance, Is What Matters
So it is likely the 20 million people who acquired health insurance under Obamacare and those with pre-existing conditions will retain their benefits, and children up to the age of 26 will remain on their parents' insurance policies. After all ...

EXCLUSIVE: Iowa lawmakers may pay too little for state-provided health insurance
More than 100 Iowa lawmakers appear to be paying hundreds of dollars less than they should for their state-provided health insurance — a potential violation of state law, a Des Moines Register investigation shows. Data analyzed by the Register shows ...

School employee used emergency contacts to hawk insurance ...
School employee used emergency contacts to hawk insurance ...

Data from pacemaker used to arrest man for arson, insurance fraud
A man has been charged for arson and fraud after law enforcement used data gleaned from his pacemaker to uncover an alleged plot to cheat his insurance company. Last week, local media WLWT reported that Ross Compton, from Middletown, Ohio, lost his ...

Insurance agent commission bill returns, minus high-profile co-sponsor
State Rep. Shaw Blackmon, left, discusses legislation earlier this year with state Rep. Dave Belton, center, and state Rep. Jason Shaw. Blackmon is once again sponsoring a bill that would guarantee payment to health insurance agents. This year the bill ...

Get The Best Car Insurance Premiums By Following Some Simple Steps!
It is possible to get and compare multiple car insurance quotes on a single website: http://www.lowestcarinsuranceratesonline.com/.The website has important contacts with top insurance agencies in the country. Brokers will analyze the insurance needs ...

Obamacare Uncertainty is Scaring Off Health Insurance Companies
The Affordable Care Act's insurance exchanges have become too risky for major health insurers, and that's creating further doubt about coverage options consumers might have next year. Anthem CEO Joseph Swedish said Wednesday his company is waiting ...

EPIC in California Names Bergstrom VP in Golf Insurance Services
EPIC Insurance Brokers and Consultants has named Bill Bergstrom to lead the operations and growth initiatives of its golf insurance services program. He will be based in EPIC's Sacramento, Calif. office and report to Paul Lindsay, senior vice president ...

Should Your Boss's Religious Beliefs Dictate Your Health Insurance Coverage? Supreme Court Nominee Judge ...
Should Your Boss's Religious Beliefs Dictate Your Health Insurance Coverage? Supreme Court Nominee Judge ...

Ex-Obamacare official predicts Trump depressed insurance sign-ups, as Washington state sets record
The ex-chief marketing officer of the federal Obamacare exchange estimated Thursday that "sabotage" by the Trump administration led to almost 500,000 fewer people signing up for health insurance plans this year than would have if Barack Obama was still ...

9 Investigates: Medical equipment excluded, denied by Insurance
ORANGE COUNTY, Fla. - A local 3-year-old was told her hearing aids weren't covered by insurance, and another local kindergartener was told his crutches weren't covered either, even though his Spina Bifida limited his ability to walk. 9 Investigates ...

South Florida's leaky pipe problem poses risk to homeowners insurance
Florida's homeowners' insurance landscape has been treated gently by Mother Nature in the last decade, but the industry sees demons approaching that are increasing the cost and reducing access to affordable property insurance, especially in South ...

4 Insurance Musts for Getting Married -- or Divorced
So, this Valentine's Day here at insuranceQuotes we've decided to focus on coupling and uncoupling this February, and all the insurance pitfalls that come with navigating either. Consider us your equal opportunity insurance informer on marriage and ...

Many Iowa lawmakers found to not be paying enough for health insurance
More than two-thirds of Iowa's legislators – including all who represent Council Bluffs – are paying hundreds of dollars less per month than they should be for their health insurance, costing taxpayers about $350,000 a year and possibly breaking a ...

House Committee Debates Bills to Revamp Individual Insurance
Four bills to stabilize individual insurance markets in the wake of healthcare reform were debated Thursday in a hearing of the Subcommittee on Health of the US House of Representatives Committee on Energy and Commerce. The bills addressed changes ...

Should You Still Offer Health Insurance as a Benefit?
Many questions surround the future of former President Barack Obama's health care law, the Affordable Care Act. The most immediate is, “Will the insurance I bought during Open Enrollment work in 2017?” (Yes.) Others are more far-reaching, such as ...

When college tuition insurance pays
Tuition insurance, also known as tuition refund insurance, covers families in the event that a student must withdraw from school, mainly for medical or psychological reasons, with a few obvious exclusions, namely flunking out or being kicked out for ...

Leaky pipe problems pose risk to Florida homeowners insurance
TALLAHASSEE — Florida's homeowners' insurance landscape has been treated gently by Mother Nature in the last decade, but the industry sees demons approaching that are increasing the cost and reducing access to affordable property insurance, ...

Why Life Insurance Premiums Are Expected to Decrease
For the past decade, the insurance industry and state regulators have been working on a new system for how life insurance companies determine whether they have enough money in reserve to pay out their claims. Known as principle-based reserving, the ...

Mercyhurst University, Erie Insurance to collaborate on risk management program
Mercyhurst University and Erie Insurance announced a collaboration Friday that will develop a risk management program in a high-demand field at the school while creating a pipeline of available talent for the Fortune 500 company. The program, which ...

Auto Insurance Fraud Ring in California Busted
The crimes were discovered with the help of the San Diego Automobile Insurance Fraud Task Force. The joint task force is focused on investigating all forms of auto insurance fraud and is supervised by the CDI. It is made up of law enforcement officers ...

Georgia firefighters find comfort in insurance proposal
Satterfield, who has spent 40 years as a firefighter, is supporting House Bill 146, which would provide the state's roughly 35,000 firefighters with certain insurance policies for treatment of types of cancer incurred through their fire service. A ...

Insurance companies request 14 percent rise in NC auto premiums
RALEIGH — Insurance companies are seeking approval for their plans to raise auto insurance costs for North Carolina motorists by an average of nearly 14 percent this year. The state Insurance Department said Friday it received the request from the ...

NJ Obamacare insurance company start-up is gone for good
TRENTON -- A government-funded health insurance company launched to create more competition in the Obamacare marketplace is financially insolvent and will not make a comeback, state Department of Banking and Insurance Commissioner Richard ...

FBI: Gun reported stolen by sheriff's deputy found, insurance scam alleged
So the deputy, April Myres, is facing charges of insurance fraud in federal court. According to an affidavit from an FBI agent, Myres gave the gun to Antoine Fowler, 32, and then falsely reported it stolen. Fowler had an “intimate relationship” with ...

Purchasing insurance for winter damage
POCATELLO, Idaho (KIFI/KIDK) - A barn, five tons of hay and an old classic truck - those are all things an Inkom man lost when his barn roof collapsed because of heavy snow. The man claims his insurance policy won't cover the cost so he's paying $50 ...

Senator: Does insurance bill protect consumers, or just more money for legal battles?
It's been more than four decades since the mandatory minimum liability insurance for drivers was set. That law requires purchase of so-called 15/30/10 liability: $15,000 for injury to any one person, $30,000 for all injuries in a single accident, and ...

Super Bowl party penalties: Is your insurance ready to defend your ...
Super Bowl party penalties: Is your insurance ready to defend your ...

Ken Garten: What to expect from your liability insurance
Homeowner insurance policies also typically include broad coverage for liability claims that may be asserted in different scenarios, such as when somebody falls down and claims injury due to a dangerous condition, when the tree you're trimming crashes ...

Maine insurance bureau recovers $970000 for consumers, businesses
AUGUSTA – The Maine Bureau of Insurance said Mainers made 6,007 calls last year and filed 790 complaints on issues related to auto, life and other kinds of insurance. All told, Maine residents and businesses recovered nearly $970,000 in 2016 with the ...

New insurance agency in Southpointe sees 'bridge' between old and new lives
Thirty-two years later, Doehring, 50, who grew up in North Strabane Township before striking out for her insurance career in the Northeast and Midwest, tells the story behind her desk at her company, Bridge Insurance Group, for which she opened offices ...

Medical care availability without insurance
A husband and wife doctor duo say they're changing the face of medicine by cutting out the insurance company aspect of medicine all together. They say it's not about making more money, or even getting more patients, but providing better care for the ...

HSAs: 'Tax-break trifecta' or insurance gimmick benefiting rich
Supporters say premiums for the insurance linked to an HSA are lower, and they like HSAs' trifecta of tax savings — no taxes on contributions, the growth of the funds in the account or on their withdrawal if spent on medical care. But skeptics note ...

INSPRO Insurance
INSPRO is an independently owned insurance agency providing commercial and personal insurance, group benefits and bonds to clients throughout our region. INSPRO has offices in Fremont, Lincoln, Omaha, Wahoo, West Point and West Des Moines, Iowa ...

From home to health, time for an insurance check-up
Assess your car insurance: A recent insuranceQuotes study showed that raising your auto insurance deductible from $500 (the most common amount) to $1,000, saves 9 percent on average. Also, many companies offer discounts on items such as paperless ...

Insurance Bureau Recovers $970000 for Consumers, Businesses
Mainers lodged 254 written complaints and made about 2,800 inquiries to the bureau's property and casualty division, which includes auto and homeowners insurance. Another 636 written complaints and 3,213 inquiries were directed to the consumer health ...

No assurance for insurance: Residents advocate for reduced costs, maintained coverage
She relies on a health insurance plan purchased through the marketplace, a digital storefront created by the Patient Protection and Affordable Care Act where families and individuals can purchase health insurance. The plan is cheaper and more effective ...

So you think nobody pays more for auto insurance than Jersey drivers? You're not crazy.
TRENTON -- For the fifth consecutive year, New Jersey motorists paid the highest car insurance premiums in the nation, according to a new report by the National Association of Insurance Commissioners. New Jersey drivers forked over an average of $1,263 ...

Shelter Insurance Foundation and Michele Johnson Insurance Agency LLC sponsor local high school scholarship
This spring, the Shelter Insurance Foundation will award a $2000 scholarship to a graduate of Duncan High School. Shelter Agent Michele Johnson sponsors and partially funds this scholarship. A committee of local high school officials and community ...

Travel insurance: Is it worth it?
For Erin, this marks the second time she has had to make a claim using travel insurance. Her first experience also involved a trip to Africa. She says the process of filing the necessary paperwork and getting reimbursed was surprisingly easy, “They ...

Using Life Insurance as Support For Retirement
Retirement Life insurance is frequently viewed as an unnecessary expense from the majority perspective of people. Therefore, most people think that there is no need to carry life insurance after retirement. So this and other reasons lead to their ...

I've put my family on a health insurance experiment. It's been a challenge
nrollment in high-deductible health insurance plans has exploded over the past five years. I'm learning the hard way how these plans do — and do not — work. About one-third of American workers 1 covered by health insurance are now in high-deductible ...

Blockchain Insurance Industry Initiative B3i Grows to 15 Members
“Blockchain technology has the potential to optimize business processes and value chains in the insurance industry,” said Gerhard Ebeling, general manager and head of department IT operations at Hannover Re, which announced its B3i membership on ...