Consumers Panic Shopping For Life Insurance In The Face Of Coronavirus
The panic shopping for coronavirus planning doesn’t end with food, water and toilet paper. Some consumers are also panic shopping for life insurance. In the face of widespread fears about infections and quarantines, many Americans are getting their financial houses in order.
March 13, 2020
Life & Health
Insurers Face Double Whammy From Coronavirus Crisis
Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a double whammy - a sharp rise in payouts at a time of big investment losses.
March 13, 2020
Catastrophe
Liability
Life & Health
Coronavirus Is Ripping Away Health Insurance for Hourly Workers
Alma Quiroz is a housekeeper at the Edgewater Hotel in Seattle, one of the country’s biggest hotspots for COVID-19, commonly known as the coronavirus. Her work schedule has recently been cut from 40 hours per week to just eight hours. With a reduced schedule comes the threat that she will also lose health insurance benefits from working at least 80 hours each month.
March 13, 2020
Life & Health
Sedgwick Expands Service Offerings to Help Employers Cope with Coronavirus
While most businesses brace for an economic collapse caused by coronavirus, the outbreak has prompted creation of a new service offering by the nation’s largest claims administrator.
March 13, 2020
Life & Health
Nearly Half of Insured Americans Think They Can’t Afford to Get Sick with Coronavirus
Nearly half of insured American adults say they’re not confident they could handle costs associated with coronavirus treatment, according to a recent Healthcare.com and YouGov poll. The survey polled nearly 2,500 Americans ages 18 and over.
March 13, 2020
Life & Health
The Sun Is Still Rising
I don’t know about you, but I am sick of COVID-19, commonly called the Coronavirus. I know that is different than being sick FROM the Coronavirus, but I am weary from the onslaught of information and panic related to the disease.
March 12, 2020
Life & Health
Insurers Promise To Cover Coronavirus Tests, Relax Coverage Policies
A major health insurance trade group is pledging its member plans will cover doctor-ordered testing for the coronavirus amid rising confusion and concern about who will bear the cost of care in an outbreak.
March 6, 2020
Life & Health
Lawsuits Against Businesses Over Coronavirus Have Begun. More to Come?
The coronavirus has upended markets, disrupted supply chains and forced quarantines. It’s all fertile ground for lawsuits.
March 5, 2020
Fraud
Life & Health
19 Deaths, Devastation Reported After Tornadoes Tear Through Middle Tennessee
Tornadoes killed at least 19 people in Tennessee as violent storms roared through the state late Monday and early Tuesday morning, part of a sprawling system that threatened more severe weather Tuesday all the way from Texas to North Carolina, the Storm Prediction Center said.
March 3, 2020
Auto
Life & Health
Property
Tennessee
Social And Psychological Effects After Flood Claims
Insurance flood claims have a much broader societal impact than on just the property and casualty insurance industry alone — which is another reason why it is critical to start adopting flood mitigation and prevention measures now, a climate expert told a recent conference.
February 27, 2020
Catastrophe
Life & Health
Property
Unraveling Insurance Issues At Play In The Kobe Bryant Crash
On the morning of Jan. 26, 2020, basketball legend Kobe Bryant and eight other individuals, including his 13-year-old daughter, were tragically killed in a helicopter crash. With the investigation into the cause of the crash underway, thoughts turn to how this incident was insured. Would all the victims have life insurance coverage? Could the helicopter operating company or the helicopter manufacturer be liable in some way?
February 14, 2020
Liability
Life & Health
Healthcare Industry Consolidation: Any Consumer Benefits?
South Florida insurance companies and large hospital chains recorded healthy profits and acquired rival companies in an attempt to grow bigger in 2018, a new analysis found, accelerating a race to gain leverage in healthcare pricing negotiations.
January 22, 2020
Life & Health
Florida
Florida Lawmakers Seek To Block Insurers From Access To DNA Tests
More than 26 million Americans have voluntarily submitted their DNA for analysis, but a loophole in federal law could allow some insurance companies to get the genetic information.
January 17, 2020
Legislation & Regulation
Life & Health
Florida
Talent Competition To Figure Strongly In Insurance Next Year
"Winning the war for talent" is a shared objective for both life and non-life insurers next year, according to EY’s 2020 Insurance Outlook.
December 17, 2019
Education & Training
Liability
Life & Health
Property
Insys Executives Owe $306 Million Restitution To Insurers, Prosecutors Say
Insys Therapeutics Inc. founder John Kapoor and other former executives convicted of bribing doctors and lying to insurance companies to boost sales of an opioid painkiller should pay $306 million in restitution to insurers, federal prosecutors said in a court filing.
December 16, 2019
Fraud
Life & Health
Litigation
