Health insurance companies have been affected by severe data breach

health insurance news security privacy

Blue Cross Blue Shield of Michigan may have been caught up in the data breach at Anthem The cyber attack against health insurance provider Anthem continues to send ripples throughout the United States. In January of this year, Anthem was the victim of a major data breach, which compromised the personal information of more than a million of the company’s clients. In Michigan, the cyber attack against Anthem seems to have involved another health insurance company, as well. Blue Cross Blue Shield of Michigan has reported that there is a…

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FEMA official reports insurance fraud evidence

New York power outage from Hurricane Sandy- Homeowners Insurance fraud Coverage

According to the “60 Minutes” news magazine, a top official has seen evidence suggesting wrongful settlement denials. A recent report from “60 Minutes”, the respected news magazine from CBS, a top official from the Federal Emergency Management Agency (FEMA) has stated that he has witnessed evidence of insurance fraud within the reports that were made to deny settlements to victims of superstorm Sandy. In an interview that was televised last night (Sunday), the official made it clear that the evidence does exist. Within the CBS program, the deputy associate administrator…

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Crop insurance price guarantees to drop

us crop insurance program

Grain analysts are expecting those guarantees to fall yet again for corn, soybeans, and spring wheat, this year. According to recent predictions from grain analysts, the crop insurance price guarantees for American spring wheat, corn, and soybeans is going to fall by another 10 percent, this year, based on an analysis of February futures settlement prices. The USDA provides a subsidy for a minimum of two thirds of the insurance premiums paid by farmers. The crop insurance program, itself, has oversight by the USDA Risk Management Agency (RMA), which also…

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School uses web-cast technology to help students enter the insurance industry

cyber insurance industry

Web-cast technology will be used to help students learn about the insurance industry and prepare them for licensing exams The Cyber Insurance School, an organization that offers educational resources concerning the insurance sector, has begun using web-cast technology to offer real-time resources to students and insurance professionals. Using this technology could be a boon for those interested in various types of insurance coverage. Using these resources, individuals could become more prepared for taking licensing exams, which will allow them to serve as insurance industry representatives. Cyber Insurance School continues to…

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Japanese Iranian oil insurance shipping costs to rise this year

oil Insurance News

According to recent reports, Japan’s maximum coverage for tankers carrying crude from Iran is expected to rise. According to sources quoted in several oil insurance news reports, Japan is preparing to raise the maximum cover for tankers transporting crude from Iran within the 2015-2016 fiscal year (April-March). This is the result of an increase put into place by the International Group of P&I Clubs, among other factors. The weakening of the Japanese yen, in comparison with the American dollar has also had an effect on the oil insurance protection and…

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