President Joe Biden has told insurance companies dealing with Louisiana property owners not to “hide behind the fine print and technicality” when it comes to paying people what they’re owed for damage claims resulting from Hurricane Ida. “I’m calling on private insurance companies: Don’t hide behind the fine print and […]
Insurance
Insurance Companies Increasingly Drop Homes Throughout San Diego County As Fire Risks Rise
Listen to the Podcast Episode The threat of wildfire is increasingly leading insurers to drop the policies of San Diego homeowners, a trend most prominent in the county’s rural areas but also affecting city neighborhoods … Read more → Aired: September 9, 2021 | + Subscribe to this podcast The […]
Auto insurance shopping surges as younger generations return to work
In the second quarter of 2021, auto insurance shopping increased among younger generations who are reentering the workforce amid a recovering U.S. economy. (iStock) The rate of auto insurance shopping appeared to change significantly in the second quarter of 2021, according to a new report from consumer credit reporting agency […]
California homeowners struggle to get wildfire insurance amid active season
FOX Business’ Connell McShane reports from Morrison, CO amid a series of wildfires plaguing western states. It’s a story told increasingly frequently over the last couple of years: California homeowners are left scrambling after being dropped by their longtime insurance carriers. The impact of continually worsening wildfires and drought in […]
Insurance providers will no longer waive all costs associated with COVID-19 treatments
Infectious disease expert Dr. Amesh Adalja joins ‘Kennedy’ to discuss the need for people who recovered from COVID-19 to get vaccinated The majority of private health insurance companies have stopped waiving patients’ fees associated with treatment for COVID-19 as most had done since the early days of the pandemic, a […]
Should insurance pay when a business can’t operate due to COVID?
CINCINNATI — Cincinnati Financial Corp. has spent $30 million on lawyers in the last year, as it fends off 169 lawsuits aimed at forcing it to pay business interruption claims by companies forced to close during the coronavirus pandemic. One of those lawsuits was filed by Taste of Belgium owner […]
COVID shutdowns cost Ohio businesses big bucks. Should insurance pay?
The Ohio insurance industry is keeping a close eye on a case before the Ohio Supreme Court that will decide whether businesses shut down during the coronavirus pandemic can make claims against their property insurance policies. “You’d literally wipe out the entire industry in a matter of months,” said Dean Fadel of the […]
Florida regulators question insurance company’s rate increase
This is the sight no Florida homeowner ever wants to see. A tarp covers a leaky roof in Hialeah on Thursday, October 6, 2020. Pedro Portal [email protected] TALLAHASSEE State regulators took a hard line on a property insurance company that wants to raise rates by an average of 36% on […]
How technology is disrupting insurance operating models
The urgency for change is clear: Already, insurers with more sophisticated IT capabilities have an obvious advantage in terms of agility, growth, and cost ratios, and they are better able to match the increased need for digital offerings. And insurers with […]
Newfront Insurance taps industry veteran for benefits practice
San Francisco-based Newfront Insurance has announced the appointment of David Juelfs as a principal and employee benefits producer. Juelfs (pictured above) joins Newfront from Gallagher. He specializes in alternative funding strategies and developing wellbeing programs that improve the mental and physical health of employees and reduce medical costs. Employee benefits […]
PIAW praises bill to scrap Federal Insurance Office
Professional Insurance Agents of Wisconsin (PIAW) has announced its support for the Federal Insurance Office Abolishment Act, new legislation introduced in the House of Representatives by Rep. Ben Cline (R-Va.), with Rep. Tom Tiffany (R-Wis.) signing on as an original sponsor. The Federal Insurance Office (FIO) was created as part […]
California signs insurance of last resort bill
A new law now allows California farmers to sign up for the state’s insurer of last resort. California Governor Gavin Newsom signed Senate Bill 11 into law, making farmers eligible to purchase insurance through the California Fair Access to Insurance Requirements Plan (FAIR Plan). The bill was introduced in March […]
What Is Cyber Insurance? – business.com
In our tech-savvy world, data breaches, viruses and cybercrimes can cripple a business. While proper cybersecurity software is a crucial first line of defense, even the best programs don’t guarantee protection from complex attacks. For extra protection, you may consider taking out a cyber insurance policy for your business. Here’s […]
Nautilus Named 5-Star Carrier and Earned 10 Prestigious Rankings in Insurance Business America’s Annual Review
SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Nautilus Insurance Group, a Berkley Company, was once again named a 5-Star Carrier in Insurance Business America magazine’s 2021 review. The annual rankings, revealed in the July issue, are coveted because votes are gathered from general agents and brokers across the United States. The IBA added three categories […]