Live Insurance News

Travel insurance claims can be rejected if alcohol was involved

September 26, 2014September 23, 2014 Julie Campbell

Some insurers have been facing some criticism for refusing to pay when a policyholder had been drinking on vacation. Travel insurance companies in the United Kingdom have been turning down certain claims when they discover that the vacationers who had made them had been drinking alcohol before they suffered from the accident in question. The Financial Ombudsman Service (FOS) has stated that a “high standard of proof” must be provided. According to the FOS, the travel insurance company must be able to show quite solidly that the amount of alcohol…

Insurance fraud detected at Colorado Springs doctor’s office

September 25, 2014September 23, 2014 Julie Campbell

It has been discovered that they were charging insurers for appointments that had been cancelled. A doctor in Colorado Springs has now agreed to pay more than $86,000 to the United States government after it was discovered that he had been improperly making claims that constituted insurance fraud to a military insurer for administrative services that continued from 2008 through 2013. Internal audits that had been performed by the TriCare Military Health System revealed the billing practice. These audits showed that the billing practices of Dr. David Hatfield were actually…

Life insurance is not proving its importance to the Millennial generation

September 24, 2014September 22, 2014 Julie Campbell

September is the month that recognizes this type of coverage, but young people are not convinced. This month is Life Insurance month and while there are some demographics that have a tendency to recognize the benefit of carrying this type of coverage, for others, such as the Millennial generation, the importance of this protection is not as clear. September is seen as an important time to review the policy and ensure that it is still appropriate to current needs. Every September, the life insurance sector reminds consumers to consider their…

Same sex insurance stopping amendment vetoed by Starkville mayor

September 23, 2014September 20, 2014 Julie Campbell

same sex couple insurance plans health care reform

Parker Wiseman has ensured that city employees would be able to purchase health plans for domestic partners. The mayor of Starkville, Mississippi, Parker Wiseman, has now vetoed on a board amendment that had withdrawn part of a same sex insurance policy that would have given city employees the ability to purchase health plans for domestic partners. The original insurance news had been that the city would no longer cover same sex domestic partners. Immediately after the decision of the board, which was a 4 to 2 vote, to revoke the…

Insurance news shows “sharing economy” isn’t adequately covered

September 22, 2014September 20, 2014 Julie Campbell

The typical policy is no longer protecting people in certain behaviors that have become commonplace. The latest insurance news from Oregon now includes a statement released by that state’s commissioner with regards to what he called a “sharing economy” and that the typical type of policy does not provide adequate coverage for using a vehicle as a part of a ride sharing service or for renting out a home. In Oregon, the insurance commissioner has previously remained quiet about coverage in these areas. Services such as Uber and Airbnb are…