Author: H. Cutner

U.S. Olympic Committee pursues reforms to pregnant athlete insurance

H. Cutner
Pregnant athlete insurance - pregnant woman fitness

The U.S.O.C. wants to change coverage rules to stop the loss of coverage due to pregnancy. The U.S. Olympic Committee has announced that it is pursuing reforms to pregnant athlete insurance regulations. At the moment, Olympic athletes typically lose their health insurance coverage as a result of pregnancy. The U.S.O.C. is moving to change that regulation to allow athletes to keep their health insurance. Last week, three senators wrote to Sarah Hirshland, CEO of the U.S.O.C. They requested that she provide details regarding her organization’s insurance program. They also stated…

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National Flood Insurance Program Gets Brief Renewal from Congress

H. Cutner
National Flood Insurance Program - Flooding on road

The House of Representatives gained a two week extension for the federal flood insurance. Congress extended the National Flood Insurance Program (NFIP) by two weeks after it failed to pass a $19 billion disaster aid bill. The House of Representatives was seeking unanimous consent for the bill which contained a flood insurance reauthorization provision. NFIP had been set to expire as of Friday, but the two week extension was granted in time. With less than six hours left before the National Flood Insurance Program, the fast-track unanimous consent vote approved…

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Allstate jobs to blossom in Irving, Texas thanks to new incentives

H. Cutner
Allstate Jobs - logo - careers - Allstate Insurance YouTube

The insurance company intends to add 1,300 jobs as a component of a $11 million capital investment. About 1,300 new Allstate jobs opportunities will be opening up in Irving, Texas. This is a part of a broader $11 million capital investment made into the region, according to a recent announcement by Texas Governor Greg Abbott. Allstate was a perfect fit for this investment as it was considering expansion within North Texas. One component of the additional Allstate jobs in North Texas is that the Texas Enterprise Fund will give the…

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Cyber insurance growth has declined as the industry struck $2 billion last year

H. Cutner
Cyber insurnce growth - binary - cyber - tech

Fitch Ratings data showed that the market’s growth fell from 37 percent in 2017 to 8 percent in 2018. Cyber insurance growth has continued to rise at a healthy rate, but according to Fitch Ratings, it is not growing at a rate anywhere near what it was in 2017. In 2018, the insurance industry’s total direct written premiums for cyber coverage grew by 8 percent. According to Fitch Ratings, the total direct written premiums saw a cyber insurance growth rate was 37 percent in 2017. However, despite the fact that…

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Tesla insurance is “not an easy business”, warns Warren Buffett

H. Cutner
Tesla insurance - Warren Buffet at 2015 SelectUSA Investment Summit

The Berkshire CEO has pointed to past failures of the industry to try to get into selling coverage. Warren Buffett, CEO of Berkshire Hathaway and investing guru to millions has knocked Elon Musk’s idea to launch Tesla insurance. Buffett is seen as an expert in the insurance industry as Berkshire Hathaway thrives within it. Musk recently announced that his electric vehicle company will launch its own Tesla insurance coverage, as reported by Live Insurance News at the end of April. This was, to a large extent, a response to what…

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American homeowners insurance rates have skyrocketed in the last 10 years

H. Cutner
American homeowners insurance rates - House

A recent study showed that property owners are paying far more now than a decade ago. Natural disasters occurring over the last ten years are being blamed for a surge in American homeowners insurance rates. Tornado alley has experienced the fastest increase in home insurance premiums in the US. A LendingTree subsidiary, QuoteWizard, looked at data over the last 10 years to explain the steady, sharp increase in American homeowners insurance rates. What they determined was that there has been a series of natural disasters that have kept premiums moving…

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Machine learning flips understanding of travel industry insurance upside down

H. Cutner
Travel Insurance Industry - Machine Learning

Companies are using new technologies to obtain an entirely new comprehension of this sector. The travel insurance industry, like other coverage sectors, is turning to many new forms of cutting edge technology. This tech is helping the industry to obtain a more refined understanding of itself. The more this technology tells insurance companies about their coverage, the more their understanding changes. Machine learning, such as through artificial intelligence (A.I.) is tossing conventional travel insurance industry wisdom out the window. In its place, comes entirely new concepts and understandings. Smarter tech…

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