Author: Nordstrom

Health insurance policies are confusing patients, say emergency physicians

Nordstrom
health insurance plans

A recent American College of Emergency Physicians report said decisions are made based on misunderstandings. A new report issued by the American College of Emergency Physicians has revealed that the vast majority of patients don’t understand their health insurance policies and it is causing them to make choices based on the wrong information. The report said that a survey of ER physicians showed that 90 percent of their patients don’t understand their coverage. The concern these physicians expressed was over the fact that some insurers sell some highly affordable health…

Read More

Flood Re could provide affordable flood insurance in the United Kingdom

Nordstrom
flood insurance

UK homeowners may be able to find inexpensive policies through new government program The United Kingdom’s new flood insurance program, called Flood Re, may be able to help homeowners in high-risk flood regions acquire the coverage they need affordably. The program is designed to ensure that homeowners have effective insurance protection against floods. Currently, many homeowners are paying massive insurance premiums for their flood coverage. The UK government intends to resolve this issue with the new insurance program, which aims to provide consumers with lower premiums. Floods can cause severe…

Read More

Chubb bundles cyber bullying coverage with its homeowners insurance policies

Nordstrom
Chubb homeowners Insurance

Chubb is now offering coverage for cyber bullying Insurer Chubb Limited has announced that it will be adding cyber bullying to its homeowners insurance policies. These policies will cover several costs, including those associated with mental health treatment, legal expenses, and lost wages. For many, cyber bullying is a very real issue that can cause significant trauma. Since the advent of the Internet, those with malicious intent have targeted various types of people, some doing so for the sake of entertainment. Chubb intends to provide these people with some degree…

Read More

Citizens wants to address the rising cost of homeowners insurance coverage

Nordstrom
Florida homeowners insurance, Citizens Property

Citizens may petition governor to investigate rising homeowners coverage premiums A member of Florida’s Citizens Property Insurance’s governing board has suggested that the state-run insurer should ask Governor Rick Scott to convene a special panel to address concerns regarding rising water damage costs. The panel would also highlight litigation that may be leading to higher homeowners insurance premiums in South Florida. Citizens Property Insurance is concerned that such litigation is eroding the financial standing of insurance companies throughout the state. Insurers are facing major financial risks due to rising costs…

Read More

Health insurance provider Blue Cross Blue Shield may face fines in North Carolina

Nordstrom
Blue Cross Blue Shield health insurance

North Carolina Department of Insurance may issue fines against Blue Cross Blue Shield Blue Cross Blue Shield may be facing significant fines in North Carolina due to “unprecedented administrative failures,” according to the state’s Insurance Commissioner, Wayne Goodwin. The Commissioner intends to levy the maximum permissible fines against the health insurance provider as the insurers goes into its third month of enrollment and billing issues. The North Carolina Department of Insurance claims that it has received more than 8,700 calls and 1,900 formal complaints concerning Blue Cross Blue Shield this…

Read More