Hurricane Preparedness Week encourages homeowners to check their insurance

Hurricane Preparedness Week - big waves from hurricane

The industry is reminding property owners to review their coverage and update if necessary. The insurance industry used this week, Hurricane Preparedness Week, to remind homeowners that storm season is on its way. This makes the week the perfect opportunity to go over insurance policies and make changes to prepare properties for what could potentially be an active year. The insurance industry has released lists of helpful instructions to keep customers properly covered. Hurricane Preparedness Week arrives just before the official season begins. That way, homeowners have time to look…

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Insurance Institute for Highway Safety wants better rear seat upgrades from automakers

Insurance Institute for Highway Safety - Seatbelt

The non-profit is calling for vehicle makers to improve the restraint systems in the back seats of cars. A new report from the Insurance Institute for Highway Safety showed that the non-profit feels backseat safety restraints are underperforming. The organization is calling for automakers to step up and improve the restraint systems in the back seats of their vehicles. The institute conducted a study that found that rear seat safety is not keeping up with that of front seats. The Insurance Institute for Highway Safety conducted a study, the results…

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Fossil fuel underwriting disclosure petition rejected by commissioner on Earth Day

Fossil fuel underwriting - Chimney

California Insurance Commissioner Ricardo Lara has turned down the recent move by activists. Activists may have thought that they had Earth Day on their side when California Insurance Commissioner Ricardo Lara considered the fossil fuel underwriting disclosure petition. However, Lara rejected the petition urging him to implement the new regulations over insurance companies. Commissioner Lara underscored climate change as a top priority as a part of his election platform. The petition would have required insurance companies into fossil fuel underwriting disclosure. That is, they would need to disclose the fossil…

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Japan’s insurance industry takes steps to stop genetic discrimination

Genetic discrimination - DNA

The Japanese industry is preparing guidelines to make sure insurers can’t collect customer DNA. The insurance industry in Japan is getting ready to create guidelines that would stop genetic discrimination by insurers in the country. They are seeking to ban health and life insurance companies from the collection or use of genetic information for purposes related to coverage eligibility or premiums calculations. Associations across the industry say they haven’t started using genetic info but the goal is to stop it. According to the Life Insurance Association of Japan, its members…

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Long term care insurance takes another hit from exiting insurers

Long Term Care Insurance Industry - Insurance companies exiting - Goodbye

Another major player in this sector of the insurance industry has announced its market withdrawal. Amid a slew of existing struggles in the long term care insurance industry, Genworth has now announced that it has stopped selling individual stand-alone policies. Genworth had once been the largest seller of L.T.C. coverage in the United States. Genworth’s cessation of long term care insurance sales is immediate as a part of a broader move. This is becoming an increasing trend in the long term care insurance industry. Genworth is no longer selling individual…

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Disability insurance fraud detection may soon include your social media posts

Disability insurance fraud - Frisbee throwing

Federal disability payment recipients may want to watch what they share on Facebook and Twitter. Disability insurance fraud detection efforts may soon include the right to view what payment recipients are posting on social media. Efforts by the Trump administration have been silently underway to make this access legally possible. The Trump administration’s efforts would allow the access and use of social media posts to aid in their efforts to detect disability insurance fraud. This would mean that people collecting Social Security disability benefits may have their Facebook, Twitter, Instagram…

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Woman saws off her hand in what may be shocking insurance policy fraud

Insurance policy fraud - Saw

The woman was found to have purchased five different policies ahead of the incident. A woman who cut off her hand with a circular saw in January is now being accused of insurance policy fraud. Though it initially appeared to be a terrible accident, the Slovenian woman may actually have attempted to defraud several insurers.defau Police and prosecutors are attempting to determine if the event was a bad accident or flawed crime. The 21-year old woman was accused of insurance policy fraud in Slovenia when it was found that she…

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