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Insurance News 01/2018



Insurance mandate not at fault for rising premiums
The premise behind the Affordable Care Act's insurance mandate was that with more people contributing to the insurance pool, premiums would be kept in check. Also, more people having access to preventative care would reduce emergency room treatment ...

SSQ Financial Group Revamps Its Brand Image And Becomes SSQ Insurance
SSQ Insurance wants to foster a sense of belonging in its customers and partners, and reiterate it through each point of contact. This will make the company even more connected and closer to its customers making it easier to learn from them and better ...

Sandy Springs to provide firefighters new mandatory cancer insurance
Sandy Springs firefighters will receive special insurance for certain cancers, as mandated by a new law, under a policy approved by the City Council Dec. 19. The new state law went into effect Jan. 1 and requires cities to provide insurance coverage to ...

Here Are The Best Travel Insurance Companies For Your 2018 Vacation
Allianz Global Assistance The largest travel insurance company, with more than 25 million customers a year, Allianz promises to help travelers anytime, anywhere. It's owned by Allianz SE, the world's largest diversified insurance company. Allianz' says ...

Financial Tips 2018: How to get ahead on taxes, savings and insurance
Insurance isn't sexy. In fact, it's boring. It's viewed by many Americans as just another bill, not an investment. But insurance is the foundation of any financial plan, as it protects people from catastrophic losses that can wipe them out. Jan. 1 is ...

Artificial Intelligence Will Soon Improve the Health Insurance Experience
Since 2017 has come to an end, it is important to look at how technology has evolved this year and the role it will play in 2018. One of the advances that has had a significant impact on our society is the role of artificial intelligence in the field ...

Comorbidities Among HIV Patients with Commercial Insurance, Medicare, and Medicaid
Nearly a third (31.4%) of those with commercial health insurance had it, 39.3% of Medicaid patients had it, and more than three-quarters (76.2%) of those with Medicare had it. The second most common comorbidity was hyperlipidemia, or high cholesterol ...

Help available for insurance enrollment for Routt County residents
•Ongoing grief education and support groups are offered in Steamboat Springs and Hayden. Call 970-846-8319. •Behavioral health specialists are available at Northwest Colorado Health. Call 970-879-1632. Or make an appointment with a mental health ...

Utah lawmaker's plan would kick immigrant kids off insurance
A Utah senator proposing to make new legal immigrants wait five years before receiving coverage through government health insurance programs said he's trying to promote self-reliance and discourage socialism. Critics of State Sen. Allen Christensen's ...

Many North Bay homeowners increase insurance coverage in fire aftermath
In the aftermath of the October wildfires, many local homeowners unscathed by the disaster have increased their insurance coverage after hearing horror stories from significantly underinsured fire victims. The policyholders are responding to reports of ...

New Henrico-based company aims to help millennials get better auto insurance deals
The difference with Merlinio, Ansell said, is that it will act as a digital insurance broker, using proprietary algorithms, third-party data and deep insurance experience to slice through what he describes as the “opaque, time-consuming” process of ...

Netflix vs. HBO and the Race to the Insurance Customer
In the insurance world, InsureTech Connect Conference founder Caribou Honig thinks traditional insurers and insurtech startups are facing a similar challenge. To him, it's about speed. The question is whether the innovation executives (HBO) from within ...

Maine Voices: 'A safety company that happens to write insurance policies'
On the first regular workday of 1993 – some 25 years ago – Maine Employers Mutual Insurance Co. mailed its first policies. Today, in Maine, we provide more than 18,000 Maine employers with workers' compensation insurance, a contract that provides ...

Time to beat bias in insurance
The good news is: you're 9x more likely to become a company CEO than a woman or someone shorter than you. And the bad news: your appointment might not be based entirely upon merit. You could be a prime example of a commonly shared bias. “Bias is a ...

How to Invest in Insurance
Long-tail insurance lines leave far more room for error. In an extreme case, the insurance industry has almost universally lost piles of money on disability insurance because of bad assumptions about how fast healthcare prices would rise over time ...

What Should You Do About The Life Insurance You No Longer Need?
According to Pat Rufolo, Chairman of the Private Client Services Group, McElroy, Deutsch, Mulvaney & Carpenter, LLP., “Since the House voted on the bill, we've been getting calls from clients, and a constant set of questions is about their estate ...

R&Q Buys Old Mutual's Run-Off Captive, Constantia Insurance
Randall & Quilter (R&Q) announced it has acquired Constantia Insurance Co. (Guernsey) Ltd., a captive company now in run-off, from Old Mutual plc. Regulatory approval for the acquisition has been granted and Constantia will be amalgamated into Capstan ...

Firms expect 6%-plus rise in medical insurance costs: NY Fed
Service firms in the metropolitan region and factories across the state expect their cost for medical insurance and other employee benefits to increase more than 6 percent this year, according to the Federal Reserve Bank of New York. The bank, in a ...

KBRA Publishes CMBS Research: “The Earthquake Insurance Divide”
NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) recently released a research report entitled “The Earthquake Insurance Divide.” In the aftermath of last year's hurricane season, the topic of earthquake risk appeared to be on the minds of a ...

Seeman Holtz Acquires Houston's Dash Insurance Agency
Boca Raton, Florida-based Seeman Holtz Property & Casualty Inc. has acquired Dash Insurance Agency, headquartered in Houston, Texas. Dash Insurance Agency provides full auto and liability insurance products and services in Houston, Dallas and Fort ...

Measure 101 and the insurance net
She has two other sons who are grown. Thanks to Medicaid expansion in Oregon that happened under the Affordable Care Act, she and about 350,000 other Oregonians are insured by the Oregon Health Plan. Last year, when Dokka's 11-year-old tore his ACL ...

The health insurance stock boom of 2017
No insurer benefited more than Centene, an insurance company that mostly deals with state Medicaid programs and the ACA's individual exchanges. Its stock climbed 76% in 2017. The ACA marketplaces went through a lot of turmoil last year, but they only ...

Leader of arson scheme to collect insurance money sentenced to 40 years
RICHMOND, Va. — A Florida man has been sentenced to 40 years in prison for running a long-running arson scheme to illegally collect insurance money. Verdon Taylor, 72, was convicted of conspiracy, wire fraud, use of fire to commit a federal felony ...

Insurance changes put mental health programs at risk
GRAND RAPIDS, Mich. (WOOD) — Changes to insurance and Medicaid are causing layoffs and the possible elimination of some mental health services in Kent County. Network180, the community mental health authority for the county, says that means some ...

QBE Insurance settles shareholder class action
Sydney-based QBE insurance Group Ltd. has agreed to pay AU$132.5 million ($103.5 million) to settle class action litigation filed in September 2015 on behalf of shareholders who had bought QBE securities between Aug. 20, 2013, and Dec. 6, 2013. The ...

International Drone Racing Association Simplifies Drone Insurance Policy
The International Drone Racing Association (IDRA) has condensed its liability insurance for drone pilots into a single policy that has no drone limit, no deductibles, and offers worldwide coverage for IDRA members. Drone pilots can now purchase the $1 ...

Insurance Company Loses $200K Dispute Over Alcohol
(AP) — A dispute over four words will cost an insurance company about $200,000. A federal appeals court has ruled in favor of a man in the Grand Rapids area who suffered serious injuries during a motorbike crash in 2013. Beau Heimer was 22 at the time ...

Some homeowners lose insurance coverage as wildfire risks rise
Now it's clear they're not,” state Insurance Commissioner Dave Jones told The Chronicle. “We're looking at a future where there will be increasing challenges of insurance availability for some homeowners in some areas of California. The areas where ...

Qatar Re Agrees to Buy Markerstudy's Insurance Companies in Gibraltar
Qatar Reinsurance Co. Ltd. has signed an agreement to buy four Gibraltar-based insurers from Markerstudy Group. The companies are: Markerstudy Insurance Co. Ltd., Zenith Insurance PLC, St. Julians Insurance Co. Ltd. and Ultimate Insurance Co. Ltd ...

Children's health insurance in jeopardy due to Washington delays
The child health care insurance program, also known as C.H.I.P. is looking at possibly losing federal funding. Right now 125,000 are enrolled in the program but 3,000 are in the stand alone program, making them vulnerable to cuts if the program is not ...

Bernstine Bill Would Stop Life Insurance Payouts to Terrorists
HARRISBURG – A recent terror attack on police at the Pennsylvania State Capitol Complex prompted state Rep. Aaron Bernstine (R-Beaver/Butler/Lawrence) today to unveil new legislation, which would limit life insurance payouts of individuals who die ...

Number of Insurance Agents Licensed in Arkansas Rose by 21% Last Year
There was a 21 percent increase in insurance agent licensure in Arkansas in 2017 compared with the previous year, state insurance regulators announced. According to Arkansas Insurance Commissioner Allen Kerr, the “increase is another example to the ...

Oklahoma's Howell-Stone Insurance Joins Rich & Cartmill
Howell-Stone Insurance Inc., based in Oklahoma City, has joined Tulsa, Oklahoma-headquartered Rich & Cartmill Inc., effective Jan. 1, 2018. The affiliation will combine the strengths of both organizations to allow Rich & Cartmill better opportunity to ...

Ohio's Commissioner Froment to Lead National Insurance Compact
It works to ensure strong consumer safeguards are in asset protection insurance products through uniform legislation, regulatory oversight, and other means, such as for life insurance, annuities, disability income and long-term care insurance. More ...

Clover Health got $425 million to disrupt health insurance -- but so far it's upset customers and missed its numbers
In the summer of 2015, senior citizens who had signed up for a fledgling insurance plan called Clover Health started receiving unexpected medical bills for blood work. Most were living on fixed incomes in New Jersey, the only state where Clover, a ...

Ascension in California Rebrands as Relation Insurance Services
“We're able to deliver legendary service by connecting the dots between data, analytics, industry experience, insurance expertise, and our strategic partnerships. We're very excited about our new name, as it speaks more clearly to who we are as a ...

Former Rick Siskey associate reaches settlement over life insurance payout
The trustee unraveling the Rick Siskey Ponzi scheme case in bankruptcy court has reached a $220,000 settlement with a former Siskey associate over a life insurance payout he received, according to a court filing Wednesday. Siskey, 58, took his own life ...

Employee Insurance Top 2017 Success for County - Commissioner Brinker Reflects
Franklin County First District Commissioner Tim Brinker says saving the county $1 million on employee health insurance is one of the biggest accomplishments for 2017. Brinker, who has pushed for the self-funded plans for the past two years, said there ...

Insurance companies send settlement checks to Hurricane Irma victims with string attached
Locke Burt, chairman and president of Ormond Beach-based Security First Insurance, said his firm does not send release language with its claims checks “because we agree with the trial lawyer. It wouldn't stand up in court.” Plus, he said, “We wouldn't ...

Families worried that children's health insurance will be cut
But now the single mother of four is worried that her son may lose access to those medications, since she purchases his health insurance through the government-subsidized Children's Health Insurance Program, or CHIP. The program also assists with ...

2017 Saw A Record High Of Insurance Claims Due To Natural Disasters
The German reinsurer Munich Re, in its annual natural catastrophe review, also said that last year's total losses, including those not insured, were $330 million, the second-worst in history after 2011 when an earthquake and tsunami wreaked havoc in ...

Why Doctors Shouldn't Buy Insurance Without a Plan
Within the financial service industry, there is no higher form of achievement than sales to medical practitioners during and after their years in residency. The insurance and financial industry have understood for years that graduates from medical ...

Want A Vacation With Peace Of Mind? Better Take Out Travel Insurance
Now, maybe a doctor with the CDC is more attuned to problems in certain countries--such as the incidence of AIDS in Africa, where more than 15 million have died. So we didn't think our friend was paranoid. And we took out insurance that covered us with ...

New health insurance rule aims to deliver on Trump promise - ABC ...
New health insurance rule aims to deliver on Trump promise - ABC ...

Individual Insurance Market Performance in Late 2017
Concerns about the stability of the individual insurance market under the Affordable Care Act (ACA) have been raised in the past year following exits of several insurers from the exchange markets, and again with renewed intensity in recent months ...

Record insurance claims in 2017
Business. Record insurance claims in 2017. It was the costliest year in history for the insurance industry. Claims from natural disasters in 2017 are expected to cost insurers $135 billion, according to the world's biggest reinsurer, Munich Re. Yet ...

Davich: Does life insurance provide a sense of life assurance?
"When you pass away, not if you pass away, is the reality of life insurance," said Jeremy Yancey, an Allstate insurance agent in Merrillville. "It is designed to give your loved ones the ability to stay in your home and pay your child's college tuition ...

Tiger Woods commits to Farmers Insurance Open and Genesis Open to start 2018
After ending 2017 saying he was still unsure of his future schedule, Tiger Woods has committed to play the Farmers Insurance Open at the end of January and the Genesis Open in February. They will be his first two official starts since undergoing a ...

Here Comes Another Effort To Undermine Obamacare's Rules For Health Insurance
President Donald Trump's campaign to roll back the Affordable Care Act's health insurance reforms just took a step forward. The Department of Labor on Thursday proposed a regulation that would make it easier for some individuals and small businesses to ...

More California Homeowners Struggle to Get Fire Insurance
More California Homeowners Struggle to Get Fire Insurance. California's top insurance regulator says insurers are increasingly refusing to offer homeowner's policies in areas prone to wildfire. Jan. 4, 2018, at 5:35 p.m.. More California Homeowners ...