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Insurance News 04/2017



Residents seeking to repair damages from high winds, have options with insurance
While these folks may rely on insurance to make repairs, claims adjusters are busy estimating the cost of damage for insurance companies. Sammie Chon, a Senior Public Claims Adjuster from Pride Adjusters, said when it comes to a settlement, you have ...

Medicaid Saved Obamacare, and Single-Payer Universal Health Insurance May Be Back on the Agenda Sooner Than ...
Medicaid Saved Obamacare, and Single-Payer Universal Health Insurance May Be Back on the Agenda Sooner Than ...

April 1st Wrap-Up: Trump Forms Insurer; Epstein to AIG; Minute-by-Minute Insurance
President Donald J. Trump announced today that he, his family and his Cabinet of billionaires are personally bankrolling MAGA Insurance Co. that will offer health insurance to many Americans. In a morning Tweet, Trump said the coverage will be “the ...

Autumn Ryan: Bill to allow out-of-state insurance would destroy autism mandates, other state requirements
The dangerous portion of this bill is section 3D, which says, “The out-of-state insurers shall not be required to offer or provide state-mandated health benefits required by Oklahoma law or regulations in health insurance policies sold to Oklahoma ...

Insurance Commission offers assistance, information after wildfires
TOPEKA -The Kansas Insurance Department can provide personal insurance assistance and information to Kansans affected by recent fires throughout the state, Kansas Commissioner of Insurance Ken Selzer stated in a news release. The department also ...

Fact check: Pence makes strange claim about selling health insurance across state lines
One of President Donald Trump's signature promises is to allow the purchase of health insurance across state lines. This was supposed to be tackled in "phase three" of the administration's plan to repeal and replace the Affordable Care Act, now in ...

Israeli firm to protect critical infrastructure with 'cyber insurance'
Changing that reality, global insurance giants CNA Hardy and THB have joined hands with the Rosh Ha'ayin- based Waterfall Security Solutions to offer a new form of industrial cyber insurance, to be used in conjunction with the Israeli company's ...

Why health insurance premiums are higher in New York
Another HCRA-imposed tax your readers might be interested to learn about is the “covered lives assessment,” a tax on every health insurance policy sold in New York. In New York City it's currently $185 a year for a single policy and $611 a year for a ...

How to protect Michigan's insurance market - Detroit Free Press
The stunning demise of the House attempt to repeal and replace the Affordable Care Act is not the end of the story for the next phase of the ACA. While the ...

Insurance costs have legislators' attention
Data reviewed by The Register-Guard show that, on average, health insurance premiums for Oregon's state agency employees and its K-12 public school teachers are significantly more expensive than those for similar employees in neighboring Washington ...

Flood insurance claim settlements top $80 milllion in St. Johns County
Of the $172.1 million paid in the state in insurance claims settled by the National Flood Insurance Program since Hurricane Matthew, just over $81.1 million has come to St. Johns County. That's around 47 percent of the total figure — a percentage that ...

10-word answers (or less!) to your biggest car insurance questions
If you have questions about car insurance but not a lot of time to research, check out these brief responses to common questions. Q: If my friend borrows my car and crashes it, whose insurance pays? A: Yours does, because you own the car. Sorry. Q ...

Miami startup reinvents shopping for emergency insurance
Startup Spotlight: Emerge.me, a Miami startup, has reinvented the customer experience of shopping for and purchasing an emergency insurance policy. Traditionally, buying a gap policy would require you to spend days corresponding back and forth with an ...

Why health insurance can cost more than housing
WESTERN COLORADO — Garfield County resident Heather McGregor simply can't afford health insurance anymore, although she had it most of her life. Working part-time at a nonprofit, her cost this year would be a bit more than $1,000 a month for a plan ...

Amarillo's ProAg Insurance Group to close deal with International Ag Insurance Solutions
Producers Ag Insurance Group Inc. is expected to close a deal today to acquire International Ag Insurance Solutions, LLC. “ProAg believes International Ag provides a complementary platform to add business from a strong group of independent agents ...

California should create its own health insurance plan
3 Many middle-class Californians do not qualify for affordable health plans through Covered California, and the cost of private health insurance has grown increasingly out of reach. The Legislature cannot continue to help the poor while overlooking the ...

Torrance burglary victim awarded $1.3 million over $134000 insurance claim
A north Torrance man has won more than $1.3 million from an insurance company that declined to fully cover a claim of about $134,000 in property damage caused when burglars broke into his home, then flooded part of it when they filled the bathtub and ...

Insurance is complicated, but leaders can fix the system
I began my career in the insurance business the day Bill Mazeroski hit the famous home run and the Pirates won the World Series in 1960. During the decades that followed, I was an insurance underwriter, agent, broker and agency owner. Today I teach ...

Slice Labs Testing Pay-Per-Use Insurance App with Rideshare Drivers
Insurance tech startup Slice Labs has created a pay-per-use rideshare insurance app and is now testing the technology with a select set of rideshare drivers. Plans call for testing the technology and algorithms with a group of 50 people “in multiple ...

Self-Driving Cars Raise Questions About Who Carries Insurance
Billionaire investor Warren Buffett, whose company, Berkshire Hathaway, owns the insurance giant Geico, told CNBC in a February interview: "If the day comes when a significant portion of the cars on the road are autonomous, it will hurt Geico's ...

This Insurance Giant Just Added Coverage for Cybersecurity Breaches
"Whenever you see a lot of news about something that is a risk, you usually see insurance companies trying to jump on that," said Robert Hunter, director of insurance for the Consumer Federation of America. AIG's product came after customers asked for ...

UPC Insurance and American Coastal Insurance Company Complete Their Merger to Create a Leading Specialized ...
UPC Insurance and American Coastal Insurance Company Complete Their Merger to Create a Leading Specialized ...

Insurance's Innovation Gap
When Soubhagya Parija moved from his job as risk strategy director at Walmart to the post of chief risk officer at the New York Power Authority in 2015, he learned that corporations “could do with more innovation from the insurance industry.” Parija ...

CMS readies insurance market stabilization rule as insurers wait nervously
The CMS has sent a rule designed to stabilize the individual health insurance market to the Office of Management and Budget for final review. The Trump administration hopes to finalize the rule very soon. The administration is rushing to publish the ...

Bill Could Allow Insurance Companies To Not Meet OK State ...
Bill Could Allow Insurance Companies To Not Meet OK State ...

Iowa lawmakers push back over their cheap state insurance
Iowa lawmakers who have been taking fire for paying as little as $20 a month in state health insurance premiums are pushing back in their hometowns against the bad press. Videos taken by people who attended several town hall meetings show Iowans ...

Wellmark to halt sales of individual health insurance policies
Iowa's dominant health insurance company has decided to quit selling individual policies because of tumult in the market stemming from the Affordable Care Act and Republicans' failed effort to replace it. Wellmark Blue Cross & Blue Shield's decision ...

State Senator slams insurance industry for "smearing" her
“The insurance industry is smearing someone who has always fought for consumers because she won't just do what they say,” the Miami Republican said in an unusually sharply worded statement after the committee she leads voted for a bill that the ...

Some insurance companies are allowed to ignore state insurance ...
Some insurance companies are allowed to ignore state insurance ...

Trump Team Urges Skimpier Health Plans To Lure More People To Buy Insurance
But consumer advocates and insurance experts say the proposal, which is subject to finalization later this year, fails on two fronts. It doesn't address key concerns among insurers about plan design, and it might push consumers away from the exchanges ...

Health insurer to pay $2.8m over deceptive practices
A Kansas-based insurance company accused of using a slew of unfair and deceptive practices to sell policies in Massachusetts will pay $2.8 million in a settlement with Attorney General Maura Healey's office. Unified Life Insurance Co. sold short-term ...

Man arrested for insurance fraud in Darien, Ga.
ATLANTA, Ga. -- Dennis Calvin Avera, 35, has been arrested on three counts of insurance fraud by Insurance Commissioner Ralph Hudgens and McIntosh County Sheriff's Office. According to a report, Avera was arrested on three counts of insurance fraud, ...

House OKs bill on mental health insurance benefits
AUSTIN -- The House tentatively approved legislation Tuesday that would ensure Texans have equal insurance coverage for mental and physical health care. The legislation, authored by Rep. Four Price, is the first of several that he has filed on mental ...

Patriot Bank collects $2.8m insurance payout
STAMFORD — Patriot Bank collected a $2.8 million payout last week for an insurance claim tied to an unpaid loan made to a bankrupt Stamford developer. The claim arose from what Patriot officials described as “borrower fraud” involving a $3 million ...

Insurance industry-backed hail lawsuit bill advances on party-line vote
Opponents say House Bill 1774, the product of extensive work by Texans for Lawsuit Reform, the nonprofit group that champions "tort reform," will tilt the balance ...

Why These Millennials Think Insurance Marketing Needs a Makeover
There are a lot of brands trying to capture the attention of millennials these days. Considering they represent about a fourth of the population in America and have about $200 billion in annual buying power, millennials are a highly sought-after market ...

7 car insurance myths you need to know
There are a lot of car insurance myths that continue to be spread around by consumers. One of the biggest reasons for car insurance myths is that you do not exactly know how your car insurance is calculated by your insurance company. These calculations ...

Federal lawmakers could take up flood insurance reauthorization this month
MARSHFIELD – The U.S. House of Representatives could take up a bill reauthorizing the National Flood Insurance Program as soon as this month, but it likely won't include a full overhaul of the program, a local flood insurance expert says. Joe Rossi ...

Report: Car insurance rates much higher in minority areas
A new report suggests that people living in urban minority neighborhoods could be paying as much as 30 percent more for car insurance, but an industry group says the report's findings are flawed. Nonprofit investigative news organization ProPublica and ...

Man Cave passes insurance muster
He later called the hangar, owned by retired dentist and aviator Philip Bales, an “unlicensed speakeasy” and called on the Port to find out where its insurance carrier stands on the issue. Port Executive Director Jim Knight and Port counsel Eileen ...

Former city of Metter insurance agent arrested on felony fraud charges
An investigation conducted by the Georgia State Board of Workers' Compensation's Enforcement Division has led to the arrest of a former city of Metter insurance agent. According to Enforcement Division Director Stan Bexley, 52-year-old Thelga Mahalia ...

Alliant buys real estate investment insurance firm
Alliant Insurance Services Inc. has acquired real estate insurance specialist SES Insurance Brokerage Services Inc., the Newport Beach, California-based broker announced Wednesday. SES will become part of Alliant Specialty Insurance Services, the ...

60 inquire into auto insurance bought from agent accused of pocketing premiums
The worried clients of the Sapelo Insurance agency had come to the McIntosh County Sheriff's Office where insurance investigators were accepting inquiries or had called the Atlanta office, said Glenn Allen, a spokesman for Insurance Commissioner Ralph ...

Want Affordable Health Insurance? Scale Back On Health Benefit Mandates
To some degree, the failed House GOP health reform bill, the American Health Care Act (AHCA), did include provisions that would grant states more flexibility over the delivery of health care and the design of health insurance. States would have been ...

Bring competition to title insurance and end government price-fixing
They tell you absolutely, if you don't want to pay $2,663 on title insurance for your new $300,000 house, you can go to Company B where they will only charge you $2,663. If you don't like their price, try Company C, because they offer a cut-rate deal ...

Are minority drivers being unfairly charged more for insurance?
A new analysis of auto insurance rates in some states found sometimes dramatic price discrepancies for predominantly minority neighborhoods that ProPublica's Julia Angwin says can't be explained by driving risks. Hari Sreenivasan discusses the ...

Self-insurance bill passes House vote
The House on Wednesday passed a bill that could protect small and mid-sized self-insured employers from entering ACA exchanges. The Self-Insurance Protection Act, which passed with a 400-16 vote, could limit state insurance regulators from overseeing ...

Insurance Doesn't Always Cover Rideshare Drivers
According to the Tennessee Department of Commerce and Insurance, the state permits an insurer offering personal auto to expressly exclude coverage during times an insured is acting as a TNC driver under the terms of the policy, and the exclusion ...

Student insurance rates rise, causing students to pay more out-of-pocket fees
Student insurance rates for the next fiscal year are expected to rise due to increased healthcare costs following the approval of a new university insurance plan. Ted Grace, director of student health services said in an Undergraduate Student Council ...

Thyroid Cancer Surgeries Linked With Insurance Expansion
Surgical management of thyroid cancer varies across the United States. In Massachusetts, there has been an increase in the surgical management of this disease, which has been attributed to legislation that expanded insurance coverage in 2006. Compared ...