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Insurance News 06/2017



Insurance policies bogus, seller gets 70-month term
A man who pretended to be an insurance agent and collected more than $1.19 million in premiums on nonexistent policies was sentenced Wednesday to just under six years in federal prison. Paul Alexander Robertson, who used the name Steven Mayberry ...

Big insurance rate hikes coming - and they may get bigger
Community Health Choice, Blue Cross and Blue Shield of Texas and Molina Healthcare were the only three insurers to offer plans in the Houston area on this year's exchange, down from seven insurance companies in 2016. Major insurers Aetna, Humana ...

Insurance giant Aetna to move headquarters out of Connecticut
In a blow to its economy and nickname, Hartford, “The Insurance Capital of the World,” will no longer host the headquarters of Aetna, one of the largest insurance companies in the country. Aetna, which employs 5,800 Connecticut residents, announced in ...

Beware: Your Insurance May Not Cover These 9 Losses - Kiplinger
You might think that you have enough insurance protection. After all, you have car, homeowners, life, health, and disability insurance coverage. What else could ...

Illinois' Palestine Insurance Agency Adds Erton
Palestine Insurance Agency in Palestine, Ill., recently hired Mindy Erton as a customer service representative (CSR). In this position, Erton will handle the collection, processing, and distribution of all agency information. She will assist with ...

Pennsylvania attacks Trump, GOP over insurance rate hikes
Insurers applying to be part of the Obamacare exchange in Pennsylvania next year have requested average rate increases of 8.8 percent on premiums, ...

Insurance tips for hurricane season
The state Department of Insurance is reminding policyholders to make sure they are fully covered as Hurricane Season begins today. Commissioner Jim Donelon says this is a time to go over all policies, especially property insurance. He says know what ...

Commercial insurance rates increase across all lines
All major commercial insurance lines saw renewal rate increases in May, according to a report released by insurance exchange IVANS on Thursday. While some other lines have seen small increases for several months, last month was first time this year ...

Red Hook man charged with insurance fraud in powerboat scheme
A Red Hook man was arrested Wednesday on charges that he collected nearly $500,000 in insurance money after falsely reporting his powerboat had gone missing. Jacob Bump, 43, was charged with second-degree insurance fraud and first-degree ...

Health care employees fed up with late paychecks, unpaid
BRIDGEPORT — The 400 employees of the Bridgeport Health Care Center at the foot of Bond Street say that they're fed up with the management short-changing their health insurance plan and paying them late. The workers, most of the members of AFSCME ...

Editorial: Who needs insurance they can't afford?
In a sense, Iowa's high-risk insurance pool could be a safety net for individuals who might otherwise have no health coverage. But it's a safety net that may not be accessible to those who need it most. As reported by the Register's Tony Leys, only ...

12 Investigates: Woman gets life insurance policy reinstated
A Richmond woman turned to 12 Investigators for help and got a surprise following our investigation. Pauline Matthews says an insurance agent collected her premiums but did not pay the insurance company. In the end, her policy was terminated. That is ...

Insurance rates for 2018 going up, cloaked in secrecy
The three insurers that offered plans on the Affordable Care Act's exchange in Houston last year appear to be returning in 2018, but only one was willing to reveal how much it could cost customers. Community Health Choice, a Houston area insurer, told ...

Connecticut Senate takes out insurance against ACA's repeal
The Connecticut Senate voted unanimously early Friday morning to essentially take out an insurance policy to protect women and children against the possibility President Donald Trump succeeds in repealing or significantly weakening the Affordable Care ...

Thomas Oatway: 'Public option' must be part of insurance choices
A May 25 Opinion piece by right-leaning contributor Steve Lunetta was an honest and accurate admission that free-market health care is doomed to failure as long as the insurance industry remains in control of costs and benefits. The ACA (a.k.a ...

Virginia Insurance Commissioner to Retire After 30 Years
Virginia Insurance Commissioner Jacqueline K. Cunningham will retire at the end of the year after serving for a total of 30 years with the State Corporation Commission's (Commission) Bureau of Insurance (Bureau). She was appointed by the Commission to ...

Nearly 7 million homes are at risk of hurricane storm surge, even as national flood insurance program may expire
As the 2017 Atlantic hurricane season officially starts, the national weather agency in charge of tracking hurricanes says it could be another “above-normal” season, even as a federal flood insurance program that's the only option for many homeowners ...

The Affordable Care Act is still law. Signing up for health insurance is still hard
“I wanted to,” he told me, “but I don't have insurance.” He worked in small restaurants that did not offer health insurance benefits. He had tried to sign up over the past year and a half but never finished the process. Because he was working two jobs ...

New York's Lawley Taps Carbajal, DeStefano to Lead Life Science Insurance Practice
Lawley, an independent insurance broker headquartered in Buffalo, N.Y., has launched its life science insurance practice, led by life science veterans Jose Carbajal and William DeStefano. The team will be based out of Lawley's Florham Park, N.J ...

Why Are There So Many Insurance Companies?
There were nearly 6,000 insurance companies in the United States in 2015, which collectively wrote more than $1.2 trillion in premiums. It seems that the insurance industry would be ripe for consolidation, much like we've seen in the banking industry ...

California Asks Major Insurance Carriers to Cover Cannabis Industry ...
California Asks Major Insurance Carriers to Cover Cannabis Industry ...

Customer Service And The Insurance Industry: Best Practices We All Can Learn From
Customer service. Insurance industry. If these two concepts don't seem like they go together, maybe you haven't thought it through. As a customer service consultant, I've long felt that the insurance industry has specific features that make customer ...

Whitfield County home, business owners to get insurance break
That investment by the fire department helped lower the County's rating with the insurance services office. "I hope they feel ecstatic about it like we do," said Kittle, "I think it's going to be very profitable for the homeowners to save money." "It ...

Even Good Drivers May Be Hampered by Stigma of High-Risk Insurance
The practice may particularly harm drivers in low- and moderate-income communities, making it difficult for them to find affordable insurance rates, said Douglas Heller, an insurance consultant who conducted the study for the federation. Often, he said ...

Paying extra for trip insurance? It might not cover what you think it does
But Jones and her husband paid extra for travel insurance so they would get a refund if they needed to cancel. When they pointed that out to Priceline, they were told they should have read the policy more carefully. Pregnancy, or your doctors saying ...

Loebsack: Allow Iowans to use D.C.'s ACA insurance option
“My legislation is not meant to be a permanent fix, but we need to give the folks in Iowa who could lose their insurance an option aside from entering into the state's high-risk pool, which is often expensive and provides poor coverage,” Loebsack said ...

Crime policy exclusion shields AIG from 3M's theft losses
National Union Fire Insurance Company of Pittsburgh, Pa. It structured the investment as a limited partnership interest in WG Trading, according to the ruling. Stephen Walsh and Paul Greenwood founded and served as managing partners of WG Trading and ...

If California goes single-payer, what happens to insurance workers?
The bill to create a state-run health care system in California would do away with most health insurance, so many of those employed in that industry would need new jobs. But no one seems to know how many people might be affected. "It's not a small part ...

A 20- 52% hike in insurance coverage avoided for young enrollees
Mississippians are bracing for the next round when it comes to their health insurance coverage. According to the Mississippi Insurance Commissioner premiums could skyrocket up to 52% depending on the age of your child. Beyond the scope of affordable ...

State taking steps to avoid chaos in health insurance markets
CONCORD — Amid ongoing uncertainty about health care, the state Insurance Department on Friday issued a reminder to health insurance companies in the state regarding the rules they must follow if they plan to stop offering a certain policy or decide ...

Which is the perfect month to buy car insurance?
Drivers should buy insurance in the summer because policies are most expensive in December, data reveals for the first time. Over the past four years the cost of typical car cover has been 13pc higher in December compared to the monthly average for the ...

Insurance companies duck Obamacare repeal fight
The once-powerful health insurance lobby — the same one that killed Hillarycare a generation ago and helped usher in Obamacare — can't pick a side in the latest battle over America's health care system. Some major members of the sprawling trillion ...

How Fox News deals with 23 million Americans losing health insurance: Blame the CBO for saying so
Under the Vox breakdown, the first CBO score was met primarily with insistence that freedom was more important than someone having stupid ol' health insurance. That apparently didn't do much even for Fox News viewers because by May, the effort had ...

Major Insurance Company's Payment Decision Angers ER Doctors
It hurts when you take a deep breath. Is it a heart attack? A blood clot in the lung? An infection? Emergency room doctors are questioning letters than have gone out to some Anthem Blue Cross/Blue Shield members in three states that threaten a ...

Guardian Life Insurance's new Lehigh Valley home: light, bright and huge
The new Guardian Life Insurance Co. of America includes a fitness center, cafes, walking path, quite rooms, and outdoor eating areas. Guardian Life Insurance Co. of America is located at 6255 Sterners Way, Hanover Township, Northampton County. (APRIL ...

Diaz Still Looking For Insurance Coverage
The select board has sued Diaz and she has been under criminal investigation as well as insurance investigation. She had not hired an attorney as of the last civil court hearing May 23. She is in the midst of a three-year elected term of office as ...

Tesla owners should pay more for insurance, AAA says
At least one national insurer, AAA, is raising rates on Tesla vehicles based on data showing that the Model S and Model X had abnormally high claim frequencies and high costs of insurance claims compared with other cars in the same classes. AAA said ...

Boone Hospital trustees eye legal changes, insurance limitations as they decide new lease
The Affordable Care Act has already had significant effects on Boone — the only carrier on the ACA health insurance exchange for Boone County residents is Anthem, which does not include the company that runs Boone in its network. Hospital officials ...

Insurance companies have made it crystal clear how Trump could send Americans' healthcare costs soaring
We may be roughly halfway through 2017, but insurance companies are already showing just how much President Donald Trump's policies could rock the Obamacare market. Insurers have submitted their 2018 plans in seven states and Washington DC for ...

Lyme disease data, detection, insurance issues
One issue chronic or late-stage Lyme sufferers face is that many physicians who treat Lyme do not take insurance, even though a law was passed last year in Massachusetts that requires health insurers to cover long-term antibiotics for Lyme patients ...

Predicting which Texas insurance carrier might enter Tennessee
Tennessee's individual insurance market has hit a rough patch over the last few years, as BlueCross BlueShield left the Nashville market and UnitedHealthcare and Humana pulled out of the Affordable Care Act exchanges altogether. But reports that a new ...

Insurance company files complaint against family of slaying victim
A insurance company has filed a complaint against the family members of a slain Kanawha County woman after they sued to collect life insurance benefits. Erie Insurance Property and Casualty Company filed the complaint against the estate of Sandra ...

Read This Before You Buy Health Insurance
First off, give some thought to where you'll get your health insurance. If you're 65 or older, Medicare is probably your best bet. "Original" Medicare includes Part A (hospital coverage) and Part B (physician/medical insurance). Part A is free, and ...

Flood insurance rates could be coming down in Stonington
STONINGTON — Property owners may be eligible for a federal flood insurance rate discount later this year if remedial work is finished on two residential properties by mid-June. The town fell out of compliance for the discount provided by the National ...

Tracy Morgan refuses to testify under oath in Walmart insurance dispute
Although known for his profanity-laced jokes, Tracy Morgan is passing up one opportunity for “swearing.” The “30 Rock” star is refusing to testify under oath in an insurance dispute against Walmart's multimillion-dollar payout to the comedian over the ...

Citizens insurance: Few take switch offers, more set for Aug.
It's a far cry for recent years, when Citizens shed about 1 million of its 1.5 million customers, mostly through such state-approved written offers. For August, Southern Oak Insurance Co. has been approved for 15,000 offers and National Specialty ...

Tesla Takes A Body Blow With AAA Insurance Hike
As predicted, insurers are starting to realize that Tesla cars have higher accident rates and repair costs and are adjusting insurance rates - this time it is AAA. The high accident rate runs counter to Tesla management's narrative. We find the ...

Insurance company files complaint against victim's family
An insurance company has filed a complaint against the family of a West Virginia woman who was shot and killed by her father. The Charleston Gazette-Mail reports (http://bit.ly/2s8ffNx ) Erie Insurance Property and Casualty Company filed the complaint ...

What Challenges Could State Insurance Markets Face Under the House's American Health Care Act?
A new brief from the Kaiser Family Foundation outlines options for state insurance markets and challenges that states could face under the House's replacement for the Affordable Care Act (ACA). Passed by the House on May 4 and now under consideration ...

State Flexibility to Address Health Insurance Challenges under the American Health Care Act, HR 1628
The American Health Care Act, as passed by the House, (HR 1628 or AHCA) would make significant changes to the insurance market provisions established by the Affordable Care Act (ACA) and to the financial assistance provided to people who purchase ...