Author: Nordstrom

US lawmakers aim to stop DNA test results from access by insurance companies

Nordstrom
DNA test results - DNA - Gene - Cell

Millions of Americans are using services to examine their genetic backgrounds. Over 26 million people across the United States have used voluntary services to obtain DNA test results. Now, lawmakers are moving to protect those same consumers against a federal legal loophole. The legal loophole would permit certain insurance companies to connect customer genetic data. Florida lawmakers have already launched the first step to shut that loophole. The goal is to protect consumers from being required to provide their DNA test results if they do not want to. Using genetic…

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Farmers broadens coverage to include Uber driver insurance in many states

Nordstrom
Uber Driver Insurance - Uber on mobile phone

The insurer recently boosted its relationship with the ride share program in 14 states and D.C. Farmers Insurance recently announced its coverage expansion and will now sell Uber driver insurance. This further strengthens the relationship between the insurer and the ride hailing company. The new unique auto insurance coverage is available to 2 existing states, 12 new ones and D.C. Farmers’ Uber driver insurance is being sold in 12 more states than it already was, as well as Washington D.C. Beyond the District of Columbia, the ride hailing company’s drivers…

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Insurance companies remind customers about New Year’s safety

Nordstrom
New Year’s Safety - Fireworks

Use the following tips to make sure you ring in 2020 with joy and fun, so nobody gets hurt. It’s hard to believe that 2019 is nearly over, but as midnight rapidly approaches, insurance companies are reminding customers about simple New Year’s safety tips to keep everyone from harm. Whether you’re watching the ball drop from your couch or heading to a party, be sure to do it safely. Regardless of whether you’re staying in, hosting, or heading out on the town, the right New Year’s safety precautions will make…

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New York Governor Cuomo directs insurers to cover vaping cessation costs

Nordstrom
Vaping cessation - Person using E-cigarette - vaping

The state is making another move to overcome its portion of the country’s e-cigarette use problems. New York Governor Andrew Cuomo and the N.Y. Department of Financial Services is directing insurance companies in the state to cover vaping cessation costs. The governor has ordered the department to direct insurers to pay related treatment expenses. As a result of this order, insurance companies will need to pay the costs of vaping cessation treatments without requiring policyholders to contribute via deductible, co-pay or co-insurance. Insurers will be required to offer the same…

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Tutoring business insurance isn’t required but may be necessary

Nordstrom
Tutoring business insurance - Teacher and student

Though private tutors aren’t legally required to buy coverage, the right policy may be essential. Tutoring business insurance may not have been the first thing that popped into your mind when you decided on this job, but it can make all the difference if things take an unexpected turn. When you decide to begin as a tutor, it’s a good idea to consider your risk exposure. Before you start working, think about the many types of risk that you may face along the way. As much as we may not…

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State Farm launches holiday season with small business safety tips

Nordstrom
Small business safety - people working - computer - business

The insurance company created a complete list of recommendations for entrepreneurs during December. A recent release from State Farm placed the focus on small business safety. The company decided to “unwrap” some of the best tips it had to make sure entrepreneurs benefitted from the holidays while staying safe at the same time. The insurer underscored the importance of the right coverage especially during heavy shopping times. State Farm pointed out that at this time of year, there is considerably more foot traffic to contend with. This often also means…

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Insurance industry legal costs exploding as US juries increasingly side with plaintiffs

Nordstrom
Insurance industry legal costs - american dollars

Insurers from around the world are expected to face legal expenses topping $200 billion. United states jury payouts are sending global insurance industry legal costs skyward. Insurer execs face a rising fear from the size and frequency of awards jurors are requiring the firms to pay out to plaintiffs. Payouts insurance companies must pay to lawsuit plaintiffs are starting to pose a threat to the industry. The trend is being called “social inflation” as juries demand more frequent and generous payouts that insurers must cover for cases ranging from tainted…

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