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Insurance News 12/2017



Miami Woman Arrested Over Fraudulent Insurance Claims, Attempt to Steal $178K
A Florida homeowner was arrested for insurance fraud and grand theft following her attempt to file a damage claim against a new insurance policy after already receiving a $60,000 insurance payout from her former insurance provider for the same damages ...

SIS Wholesale Insurance Services Launches Online Builders Risk Program
SIS' Builders Risk Program is delivered via its online rating and policy management platform, SIS Online 2.0. The 2.0 system incorporates a comparative rating engine which offers SIS' appointed brokers access to quote, bind, and issue policies within ...

Clients Need to Know These Benefits of Permanent Life Insurance
Too often we spend time fighting amongst ourselves as to whether term life insurance is better than perm life insurance or vice versa. That is a war we don't need to wage. We should focus our attention on the clients who have misconceptions about life ...

AFL Insurance Brokers Taps RK Harrison's Stagg to Drive Tech Innovation
AFL Insurance Brokers Ltd. announced that re/insurance broker George Stagg has joined the company to lead its technology incubator division as associate director, innovation. Stagg joins from RK Harrison, where he was most recently a terrorism ...

All the winners at the Insurance Business Canada Awards 2017
All the winners at the Insurance Business Canada Awards 2017 Insurance Business America brought the glitz to Chicago's Navy Pier this week for the most glamorous awards ceremony in the insurance calendar, which saw the industry's brightest and best ...

A Radical Move: Giving Up Income to Get Health Insurance
Anne Cornwell considered two drastic strategies in her quest to get affordable health insurance premiums last year for herself and her retired husband. One was divorce. Another was taking a 30 percent pay cut. She chose the latter. That maneuver ...

NRA Insurance Protects Gun Owners Shooting in Self-defense
That's where self-defense insurance comes in. Groups like the National Rifle Association (NRA), the U.S. Concealed Carry Association (USCCA), the Armed Citizens' Legal Defense Network and U.S. Law Shield offer insurance policies that protect gun owners ...

Insurance ruling could threaten motorsport in Europe
The High Court of England and Wales has issued a ruling about mandating car insurance that, if taken literally -- and that's kind of what laws are, right? -- could threaten motorsports in Europe. In other words, get insured or get off the road ... and ...

Commentary: The Hidden Victim of Trump's Tax Plan: Your Health Insurance
Senate Republicans have spent most of the past month looking for measures to offset the cost of their enormous tax giveaway to rich households and corporations. They plan to vote on the bill, which is supported by President Donald Trump, Friday. A few ...

Pleasantville police officer charged with health insurance fraud, theft
MAYS LANDING — An investigation into a stolen iPhone led to multiple charges of theft and insurance fraud against a Pleasantville police officer, Atlantic County Prosecutor Damon G. Tyner announced Friday. Juan Forero, 34, of Pleasantville, an officer ...

Colorado health insurance enrollment stays steady, now up 29% over 2016
DENVER – Despite a slowdown last week in national Affordable Care Act enrollments, people in Colorado continue to sign up for health insurance at a clip higher than last year. Nearly 44,000 people in Colorado signed up for health insurance through the ...

Premera pays state $25M to offset high health insurance rates
The payment will offset nearly half the $55 million cost of the Alaska Reinsurance Program, said Lori Wing-Heier, State Division of Insurance director. “With the claims taking the nosedive that they have – and the reinsurance money that was ...

Viewpoints: Congress must keep health insurance for CHIP kids
Medical assistant Jackie Benitez measures Sasha Rangel, 5, during an examination at People's Community Clinic in October.. About 400,000 Texas children and thousands of pregnant women are in danger of being tossed from their health coverage for no good ...

Confused about Health Insurance?
But after that, if you have more expense, the insurance company pays the costs for your essential care. You may have lower premiums and protection from the truly disastrous costs of a serious health problem. BONUS: If you buy your catastrophic health ...

Children's Health Insurance Program In Jeopardy In Colorado
Colorado contacted families who receive CHIP health care funding with a warning that support might end in January. NPR's Scott Simon talks with Gretchen Hammer, who runs the Colorado program. Facebook; Twitter; Flipboard; Email. Get The Stories That ...

The Senate's Tax Bill Eliminates the Individual Mandate for Health Insurance. Here's What You Need to Know
Early Saturday morning, the Senate voted to pass the Republican Party's sweeping tax reform bill, and among other provisions, the bill would eliminate the penalty for not buying health insurance starting in 2019. So next year, you still need to be ...

State censures two Tucson insurance agents for misconduct
Two Tucson insurance agents have been disciplined for misconduct by the Arizona Department of Insurance this year, state records show. Peter A. Federhar was fined $250 for failing to promptly disclose his 2013 felony conviction for embezzling thousands ...

Why Is Health Insurance So Complicated?
Finally, it's hard to know how much protection a health insurance plan provides without knowing the costs of medical procedures, and trying to find those prices is like pulling teeth. That's often because doctors themselves don't know; the hospital ...

New flood insurance rating will lower policy premiums in Stafford
Stafford County residents who pay for flood insurance will see a discount in their policies thanks to a rating bump in the National Flood Insurance Program. The discount will apply to flood insurance policy holders in Special Flood Hazard Areas ...

Ben McAdams: Congress to Tiny Tim: “No health insurance for you.”
This long-standing program provides health coverage targeted to low-income children and pregnant women in working families that earn too much for Medicaid but have no health insurance. It is jointly financed by the federal government and the states ...

With health insurance claims down, Premera gives $25 million to the state
The sole remaining health insurance provider on the individual market in Alaska says claims are unexpectedly down and it will pay $25 million to a new state program that absorbs high-cost cases. Alaska's volatile insurance market for individuals is ...

Lawyer: Insurance companies not friends of Harvey victims
A miscommunication between his insurance and mortgage companies had caused his storm damage policy to be canceled - after 21 years of making payments. Krause was dumbfounded. "They basically said, 'You are on your own,' when they were supposed to go to ...

Costlier flood insurance as inevitable as tide and storm
Congress apparently didn't kick the flood insurance can hard enough in September. It only bounced as far as Dec. 8, so by Friday the can will probably get another kick. The House this month passed the 21st Century Flood Reform Act, a long-term ...

Sans subsidies, insurance cost is 'ridiculous'; one Nebraska couple will pay $2300 monthly
Mary and Reed Christensen ran campgrounds in Florida and Illinois for 28 years, living in mobile homes and scrimping so they could retire early back in their native Nebraska. In 2015 they bought a home in the country south of Blair, where he gardens ...

Insurance plan paring to one state
Despite its name, the federal Multi-State Plan Program, created to expand consumers' health insurance choices, will soon have only one participating state: Arkansas. Although insurers in 22 states are participating in the program this year, Arkansas ...

Quick Insurance wins the Disrupt Berlin 2017 Hackathon Grand Prize
It's been a long night at Arena Berlin. The building hosted a very special competition — the Disrupt Berlin Hackathon. Hundreds of engineers and designers got together to come up with something cool, something neat, something awesome. The only ...

Author of GOP Tax Plan Says Children's Health Insurance Program Is Held Up “Because We Don't Have Money ...
Author of GOP Tax Plan Says Children's Health Insurance Program Is Held Up “Because We Don't Have Money ...

American Family Insurance Iowa winter sports performers of the week
Here are the American Family Insurance Iowa top winter sports performers of the week: Patrick McCaffery. Iowa City West. McCaffery led the Trojans to a second-half comeback win over Dowling Catholic with 24 points and added 23 points in an impressive ...

Sans subsidies, insurance cost is 'ridiculous,' says one consumer; a ...
Sans subsidies, insurance cost is 'ridiculous,' says one consumer; a ...

CVS bids $69 billion for Aetna amid health care changes
Drugstore operator CVS is making a $69 billion offer for insurer Aetna as it tries to position itself as a one-stop shop for Americans' health care needs with prescription drugs, clinics and insurance plans to cover those goods and services. The ...

Report: Insurance payment differences for mental vs. physical health is highest in NH
Insurance payments for office visits related to mental health procedures are often lower than those related to physical health procedures, and a national study says that in some cases the discrepancy is bigger in New Hampshire than in any other state ...

Brundle to Open Brightway Insurance Agency in Eastern Michigan
Veteran insurance agent and now Brightway Insurance store owner, Bob Brundle, will open Brightway, The Bob Brundle Agency in Grand Blanc, Michigan on Dec. 4, the agency franchise operation announced. He has a decade of experience working with Allstate ...

CVS Aquisition Of Aetna Likely To Shake Up Health Insurance Industry
KODJAK: It manages the prescription insurance that you get with your health care coverage. So you might not know that CVS Caremark is managing your pharmacy benefit, but they're the ones who get the copays and set the prices and that kind of thing. So ...

Milllions of Kids Are About to Lose Their Health Insurance Because Congress Won't Do Its Job
In September, Congress let expire the Children's Health Insurance Program, a bipartisan-backed program that covers millions of low-income kids whose families earn too much to qualify for Medicaid. First created in 1997 under President Bill Clinton ...

Where the $0 insurance plans are
Reproduced from a Century Foundation report; Map: Axios Visuals. Young people in big swaths of the country could get health insurance without having to pay a monthly premium, according to new data from the Century Foundation. Because premium subsidies ...

Who Needs Insurance?
Let's use health insurance as an example. If DNA tests show person A is super healthy and is almost certainly likely to remain healthy for a long time, then why should person A buy health insurance? Maybe they should purchase accident insurance, but ...

Workers' Comp Carrier Guarantee Insurance Declared Insolvent by Florida Regulators
According to documents from the Florida Office of Insurance Regulation (OIR), the company was materially under-reserved at year end 2016 and consented to being placed in receivership on Nov 13, 2017. Guarantee Insurance Co. (GIC) provides workers ...

Hartford to Sell Life Insurance Business Hit by Financial Crisis
The Hartford Financial Services Group Inc. said Monday it will sell an annuities operation that it has been winding down since 2012 to a group of investors, helping close the door on a painful chapter in the 207-year history of Hartford. The ...

Octo Telematics Buys Usage-Based Insurance Assets of Willis Towers Watson
Octo Telematics, the the London-based provider of telematics for the auto insurance industry, announced it has completed its acquisition of the usage-based insurance (UBI) assets of Willis Towers Watson, which was announced on Oct. 11, 2017. The ...

York county men charged in insurance scam - Portland Press Herald
Police say two men conspired to recoup insurance money by destroying one man's pickup truck and reporting it as stolen. By Matt ByrneStaff Writer. Follow on Facebook · Follow on Twitter · Email Writer · 207-791-6303. Share. facebook · tweet · email ...

It Begins: UK Insurance Company Offers Discount for Letting Your Tesla Drive Itself
Insurance companies are increasingly interested in offering incentives to get people using technology that would make us healthier and safer. Most notably, people enrolled with a UnitedHealthcare insurance program called Motion can earn up to $1,500 ...

CVS buys Aetna: How the deal will affect you
1 drugstore chain is trying to grab a greater share of health care spending and cut costs by combining Aetna's 22-million member insurance rolls with its pharmacy benefits management. Executives said that could lead to lower drug costs for consumers ...

Santa Clara County: 18 arrested in massive car insurance fraud scheme
Investigators with the Silicon Valley Automobile Insurance Fraud Task Force opened a case in 2015 and eventually determined that the Topete brothers masterminded a scheme where their family, friends and other associates filed fraudulent claims with six ...

House Republicans introduce 2-week stop-gap to fund government ...
House Republicans introduce 2-week stop-gap to fund government ...

When Every Year Means an 'Agonizing' Search for New Insurance
It has happened every fall, for five years in a row. After spending months figuring out her insurance deductibles, doctor networks, drug lists and other fine print, Cyndee Weston has received notice that her policy will be canceled as of Dec. 31 — and ...

Repeal of health insurance mandate in GOP tax bill could have big ...
Repeal of health insurance mandate in GOP tax bill could have big ...

With the National Flood Insurance Program set to expire Friday, Congress eyes a two-week reprieve
WASHINGTON — The National Flood Insurance Program is set to expire Friday night if Congress doesn't act, a lapse that could roil real estate markets and inject uncertainty into the lives of homeowners in flood-prone areas. Lawmakers on Capitol Hill ...

Your questions answered on Health Insurance signups
Our Monday evening call-in answered your questions about health insurance (and there were lots of them!) . Here's a summary of answers from our Health Navigators: Open enrollment (to buy a new policy or change coverage) with the NY marketplace runs til ...

Premera to Reimburse Alaska State Insurance Program $25M
Premera to Reimburse Alaska State Insurance Program $25M. Alaska's lone individual insurance carrier has reached an agreement with the state Division of Insurance to make a one-time $25 million reimbursement. Dec. 5, 2017, at 11:02 a.m.. Premera to ...

Congress urged to fund Children's Health Insurance Program
“I went through a long recovery that could have been avoided if I had the proper health insurance,” he said. “I am so grateful right now that I have CHIP. It really confuses me how Congress can't pass CHIP – something that helps to so many children ...