Author Archives: Nordstrom
Smart contract insurance partnership launches between AIG and IBM
The insurer and tech giant will use blockchain for managing complex forms of international coverage. American International Group (AIG) and International Business Machines (IBM) are partnering to create a form of smart…
Climate change may have a higher economic impact than previously believed
The damage rising global temperatures is causing may become much more expensive than predicted. A recently published report has placed the spotlight on the “urban heat island” effect of climate change. This…
Children’s Health Insurance Program funding slashed in Trump budget
While that program is hacked down by 20 percent, millions more kids will be affected with the Medicaid reductions. President Donald Trump’s budget plans will take down the Children’s Health Insurance Program…
New York auto insurance rate calculation factors may soon drastically change
A new proposed rule would stop education and employment from affecting a policyholder’s premiums. State Financial Services Superintendent Maria Vullo proposed a change to the New York auto insurance rate calculations. The…
What could the GOP health care repeal do to California consumers?
If the Senate chooses not to block the bill or to significantly revise it, many Californians stand to lose coverage. Should the GOP health care repeal of the Affordable Care Act make…
Could Hippo Insurance model really change the homeowners market?
The startup insurer officially launched in California with a new way of looking at coverage. Hippo Insurance had its official launch in California this week and has taken a different perspective for…
Aetna health insurance backs out of Iowan individual exchange
A second large insurer has announced its intention to step out of the state, leaving residents in a lurch. Aetna health insurance has revealed its intentions to withdraw from the Iowa individual…
Lloyd’s of London EU subsidiary will be in Brussels
As Great Britain triggered Article 50 in order to formally begin Brexit, the massive insurance marketplace plans ahead. The largest specialty insurance market in the world, Lloyd’s of London, has selected Brussels…
Private crop insurance companies see shrinking returns
These insurers have experienced a notable drop in their returns since the SRA was renegotiated in 2010. Private crop insurance companies are experiencing a notable downward trend in their return figures. This…
Flood insurance program cuts may pay for Trump’s Mexican border wall
Funding reductions to the Federal Emergency Management Agency (FEMA) may divert cash to cover the wall. Reports published by Politico and the Washington Post based on internal budget documents they recently obtained…
