128K Tennessee children’s health insurance plans were cut and many parents have no idea

Tennessee children’s health insurance - Child with parents

Thousands of kids were erased from the CoverKids and TennCare programs since 2017. About 128,000 children were purged from the CoverKids and TennCare Tennessee children’s health insurance plans over a period of two years. Unless they took their kids to the doctor’s office and were refused, parents had no idea it happened. TennCare and CoverKids are two government sponsored Tennessee children’s health insurance programs for low-income families. As over 100 thousand kids in the state were not covered by private insurance, the number of uninsured residents of Tennessee ballooned in…

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Impact of climate change to make insurance prohibitively expensive, says Munich Re

Impact of Climate Change - Damage House

The largest reinsurance company in the world has cautioned that most people won’t afford coverage soon. For several years, insurance companies have been warning that the impact of climate change will be an expensive one. Munich Re, the largest reinsurance company in the world, is now warning that global warming will make insurance too expensive for most people. The reinsurer has already blamed climate change for $24 billion in California wildfire losses. Munich Re chief climatologist, Ernst Rauch, explained in a recent Guardian report that it won’t be long before…

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Boeing 737 Max bans underscore importance of travel insurance policies

Boeing 737 Max Bans - Boeing 737 Plane

Travelers around the world are experiencing cancellations and delays due to airspace bans for the jets. Countries around the world, including the United States, European Union’s 32 nations, Canada and others worldwide have implemented Boeing 737 Max bans. These apply both to flight suspensions and movements in and out of airspaces. Travelers insurance is proving helpful for many travelers experiencing associated delays and cancellations. Travelers affected by the Boeing 737 Max bans aren’t just those flying in and out of the countries that have suspended the Max 8 and Max…

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Daylight Saving Time comes with an hour less sleep and added risks, say insurers

Daylight Saving Time - woman sleeping on table

Insurance companies are reminding consumers to take certain precautions this year. Daylight Saving Time causes many of us to grumble about losing an hour of sleep, but this year, insurers used the date to remind consumers of other potential risks. They are hoping people will take certain precautions to keep themselves, their families and their properties safe. Moving clocks ahead can come with greater hazards on the roads from sleep deprived drivers. Just one hour’s difference from Daylight Saving Time causes traffic accidents to spike every year at this time.…

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Farmers Insurance celebrated Dr. Seuss’ 115th birthday with a clever story

Farmers Insurance Celebrates Dr. Seuss' brithday - students

The insurer released an ad based on real claims recreated into a Dr. Seuss-style storybook ad Farmers Insurance chose to celebrate Dr. Seuss Day – what would have been the author and illustrator’s 115th birthday) – with an animated ad written in his storytelling style. “The More That You See” was based on real claims filed with the insurer and was voiced by Professor Burk, the brand’s spokes character (voiced by Oscar winner J.K. Simmons). The amusing 60-second animated ad was amusing enough to enjoy viral status on social media.…

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PG&E admits its equipment was the “probable” Camp Fire cause

Camp Fire Cause - California Camp Fire

The largest Californian wildfire in history was likely the result of the bankrupt utility’s equipment. Bankrupt Californian utility company, PG&E, said in its earnings statement that its equipment was the “probable” Camp Fire cause. That same statement reported the highest losses the company had ever recorded. PG&E’s statement said that investigators will likely find its equipment was the fire’s ignition point. As the Camp Fire cause, this would make PG&E’s equipment responsible for the largest wildfire in Californian history. The blaze ripped through Northern California for half of November 2018,…

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FBI investigating country-wide workers compensation fraud scheme

Workers compensation fraud

The Bureau is looking into an alleged nationwide scam involving insurance and pensions. The F.B.I. has launched an investigation into an alleged nationwide workers compensation fraud, health insurance scam and pension plan scheme. The scheme involves policies and plans sold by American Labor Alliance or its U.S. subsidiaries. The F.B.I. has requested that any businesses that have purchased policies or plans from American Labor Alliance (A.L.A.) or any of its subsidiaries across the country should contact their state insurance regulator. The state regulator will be able to tell if health…

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