Most Democratic voters are drawn to Medicare for All but may challenge the party in 2020.

Private health insurance and other components of healthcare reform have been a central issue among Democratic presidential candidates. Those politicians have been pitching their own versions of Medicare and medical coverage which may make things somewhat more complex for the candidates in 2020 according to a new Wall Street Journal and NBC news poll.

Two out of every three voters support opening Medicare coverage up to anyone who wants to buy in.

This is not unlike a concept put forward by a number of Democratic candidates, including former Vice President Joe Biden, said a recent Wall Street Journal report. The survey results showed that two thirds of U.S. voters also believe that young adults who arrived in the country illegally should be permitted to remain. This is a concept supported by many of the party’s presidential candidates.

The poll showed that about 56 percent of registered voters wouldn’t want a Medicare for All system that would eliminate private health insurance. The type of plan Vermont Senator Bernie Sanders and a number of others have proposed would put private plans to an end.

The poll tested 12 policy ideas some that would keep and some that would dump private health insurance.

Of the 12 policies tested by the poll, the least popular among the poll’s respondents were those that would provide government-sponsored health care to undocumented immigrants. Sixty two percent of the electorate rejected policies that would offer that coverage. That said, during a Democratic debate back in June, all 10 candidates on the stage, including both Sanders and Biden, raised their hands when the group was asked who supported the concept.

The new survey showed that while 64 percent of Democratic primary voters supported that idea, only 36 percent of voters overall were in favor of it.

These findings place the spotlight on some of the challenges the Democratic Party is facing regarding which specific efforts it should support in terms of private health insurance, Medicare availability and eligibility, and who would be able to receive federal support.

The post US voters want to keep private health insurance and expand Medicare appeared first on Live Insurance News.

The goal of the deal is to ensure tax payment plus interest in exchange for dropping the case.

The I.R.S. has offered small insurance companies under tax avoidance scrutiny a way to avoid penalties through a new offer. This offer would give the insurers the opportunity to pay all outstanding back taxes – in addition to interest – in order to close their cases and face no further penalties.

The Internal Revenue Service is working to help to correct the tax avoidance and prevent it in the future.

The small insurance companies are a specific group of taxpayers. They are taxpayers with captive insurance, which is designed to provide businesses with a way to insure themselves against risks that aren’t typically included in standard coverage. Known as captives, these taxpayers have managed to create a tax avoidance incentive. The I.R.S. offer is meant to incentivise paying the taxes instead of avoiding them.

It’s possible for captives to be devised in a way that the associated risks would make it most likely that they would never need to make a claim. The premiums would then be returned to the business owners or their heirs either with low taxation or without paying any taxes. This type of strategy has become popular among owners of small insurers who view this type of coverage as a way to reduce their income and estates taxes without much risk of having to pay for claims.

There have been many different versions of captives among the small insurance companies under scrutiny.

For example, one New York Times report described one captive created by a dentist. That captive was designed to insure the dentist’s office against terrorist attack. Another captive described by the same report was made by a jeweler in Phoenix to cover against radioactivity damage from a dirty bomb or from nuclear waste. Clearly, the risk associated with any of those events impacting those businesses is quite low.

The type of deal the I.R.S. is offering to the small insurance companies is unique despite the fact that deals are regularly cut with taxpayers. What makes this one unique is that it targets business owners with a high net worth who have specifically created captive insurance companies for tax avoidance.

The post Small insurance companies facing scrutiny receive IRS deal offer appeared first on Live Insurance News.

Whether you groom from home, have a dedicated salon or have a mobile unit, you need coverage.

Many business owners don’t realize that there are specific policies available to provide dog groomer insurance coverage. All too often, they purchase a general commercial policy which doesn’t offer the type of specific coverage unique to this kind of business.

The type of policy you’ll need depends on the nature of the services you provide your customers.

It’s important to recognize that there isn’t a standard dog groomer insurance policy, so it’s up to a business owner to look into the different options and choose the one best for their needs. An agent experienced in this type of business coverage can be quite helpful in finding the right policy.

When you own a pet grooming company, you need a specialized policy that will protect you against the professional liability risks associated with the grooming itself as well as potential expenses from accidental injury or loss of the animals while you’re caring for them. A comprehensive policy will often give the most peace of mind, particularly when it has been properly customized to your services. That way, you can know your protection is complete.

Look for the following types of dog groomer insurance depending on the services you offer.

Look for the following types of coverage as needed from your pet grooming policy:

• Coverage for overall incidental grooming of animals that includes: washing, drying, brushing, fur cutting and/or styling, fur dying or coloring, and/or nail clipping.
• Cleaning ear and eyes
• Expressing anal glands
• Brushing teeth (including scaling, polishing and other hygiene services)
• Merchandise retailing

If you use a vehicle either to pick up and drop off the pet or as a mobile dog grooming studio, that vehicle also requires coverage as a studio and as a commercial vehicle. Keep in mind that those are two separate types of coverage.

If applicable, add coverage extensions for pet groomer insurance services such as:

• Independent contractors you employ
• Pet boarding coverages
• Doggy daycare/pet sitting insurance
• Pet walking coverage

These should include a spectrum of liability protection, care of pet insurance, property insurance, professional liability coverage and a general liability policy for your business.

The post Dog groomer insurance helps your pet salon avoid risks unique to your business appeared first on Live Insurance News.

Plano, TX, September 23, 2019 –(PR.com)– Exdion Solutions, Inc., the leading Insurtech company that helps Insurance Brokers and Agencies build a robust business using smart AI, Machine learning, cloud and other technologies, today announced ExdionPOD LITE, a cognitive-science based SaaS product. Through ExdionPOD lite, the small agent will benefit from a fast, simple and efficient way to manage their policy checking.

“We realized small Insurance brokers have a dire need for a product like ExdionPOD LITE with the right features at affordable cost,” said L S Ram, CEO of Exdion Solutions. “Today, there are over 26,000 insurance agencies in the U.S and many small agencies would not check the policies due to investment or resource constraints. Even many larger agencies, who use ExdionPOD now, did not invest in checking their smaller business policies. Unfortunately, the E&O risk is heavy and agencies realize this only after it hits them. We are making it easier for smaller agencies to implement affordable & smart solution to manage policy checking through a flexible SaaS offering.”

“Small agencies are an integral part of the insurance distribution business, and we are making it easy for them to leverage technology to grow their business and sustain client relationships. ExdionPOD LITE for small agents or small business policies leverage the same underlying technology components of our cutting-edge, AI solution ExdionPOD. Smart solutions like ExdionPOD LITE will make them stay competitive and relevant in future too,” said Dan Narayan, Vice President, Business Development, Exdion Solutions.

In addition to helping small insurance agencies with robust policy checking process, ExdionPOD LITE is:

· Fast, accurate, and scalable
· Mitigates E&O up to 100
· Customizable and E&O focused checkpoints delivered as a simple checklist
· Continuously evolves with business, longer term returns
· Manage documents across formats
· Real time dashboard providing policy level details
· Easy adoption, no disruption needed
· System agnostic, easy integration with AMS

For more information on ExdionPOD lite for small agencies and to start using the product, please get in touch with support@exdionpod.com.

About Exdion Solutions

Exdion Solutions is a consulting and technology led transformation solution company that is helping Insurance agencies and brokers prepare for digital operations and 24/7 customer engagement. Exdion delivers transformational excellence through strategic levers that include consulting, technology, robotic process automation, artificial intelligence and data science products. Exdion Solutions not only helps Insurance agencies navigate through current business contours but help builds them as “agencies of future” using sustainable & affordable solutions.

Contact Information:
Exdion Solutions Inc.
Dan Narayan
+1-469-277-8184
Contact via Email
www.exdion.com

Read the full story here: https://www.pr.com/press-release/795195

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Source: PR.com

The post Exdion Solutions Launches Cutting Edge Insurtech Solution Exclusively for Small Agencies appeared first on Live Insurance News.

The only sure thing in life is that it can be unpredictable.

Accidents or illness can strike at any time. Guarding your home and future should be a necessity in any household budget. Although many people don’t think that insurance is necessary, when the unthinkable happens it is good to be protected. Even the most unlikely scenarios like being a victim of a home invasion can happen to anyone at any time.

If you are injured and can no longer work it can be devastating financially, emotionally and physically. Having the right insurance coverage to help you through the harder times in life is a wise move. Most people have the usual policies that cover their homes and vehicles, but there are a few other areas that you should consider getting the proper coverage.

When you get your car insurance quote from Allstate you can ask about some of the other kinds of coverage that they offer. If you are looking for travel insurance or identity theft protection you can find a product that will serve you well. Take a look at a few of the insurance policies that everyone should have for the best overall protection.

Umbrella Policy

Your regular auto insurance and home insurance will only cover liability up to a certain dollar amount. If you were to get into a large accident involving many vehicles or a visitor has an accident in your home causing major medical costs, your coverage may not protect your personal assets like you need. An umbrella policy can add additional liability coverage over and above you’re your home and auto policies provides in case the worst happens.

Long Term Disability

Many injuries happen right on the job site and can prevent you from working for long periods of time. In some cases, you may not be able to ever return to work. When you are injured and you have a loss of income it doesn’t take long for most people to become financially strapped.

Long Term Disability insurance through a broker or through your employer can give you the coverage to replace your lost wages and provide an income to cover your expenses while you are off work.

Identity Theft

More and more financial threats come from our online activity. Once a hacker gets a hold of your personal information they can run up all kinds of bills in your name. The expense of getting those errors rectified can be overwhelming and take a lot of time.

When you get coverage for identity theft you will be able to establish your accounts with the help of restoration services. Don’t be one of the over 15 million victims of identity theft and left to figure out the mess on your own.

Long Term Care

If needed, long term medical care can be very expensive. Your retirement savings can be quickly used up if you have to pay for in-home or nursing home care. If you want to protect yourself and have the resources that you will need if you are unable to care for yourself, a long term care policy is the way to go.

Conclusion

It’s impossible to plan for every situation in life. Getting the right insurance coverage that can give you the peace of mind that you need is going to be worth the cost. Protect your finances and your family where you really need it by investing in these extra coverage policies that everyone should have.

The post 4 Insurance Policies Everyone Should Have But Go Without appeared first on Live Insurance News.

The insurer earned the highest ranking for overall customer satisfaction in a recent study.

A new J.D. Power study has found that Nationwide provides the best customer satisfaction in small commercial insurance.

This, according to the findings from the firm’s 2019 U.S. Small Commercial Insurance Satisfaction Study.

This isn’t Nationwide’s first time receiving the title. In fact, the insurer has been the top small commercial insurance company for customer satisfaction two years in a row. The company also took the top spot for the claims and policy offerings categories.

“Small businesses drive America, and at Nationwide, we’re proud to support them with robust small business solutions and superior service,” said Nationwide Property & Casualty president and COO, Mark Berven. “Receiving the highest ranking in J.D. Power’s Small Commercial Insurance Satisfaction Study in 2018 and 2019 reinforces our position as an industry leader and our commitment to helping our members build and protect their businesses.”

The commercial insurance satisfaction study included the participation of 3,200 policyholders.

The J.D. Power customer satisfaction study involved over 3,200 policyholders in the United States. They rated insurance companies in five different categories: claims, billing and payment, price, policy offerings, and interaction.

On J.D. Power’s 1,000-point scale, Nationwide earned a score of 868 from its customer. This score was 24 points higher than the average across the industry. Moreover, that insurance company also managed to take the top spot in three of the five categories in which the insurers were scored.

In 2018, Nationwide scored 844 on the same scale. Last year, it also took the top rank in three categories, which were claims, price, and policy offerings. Last year, the average across the industry was 12 points lower than the leader. It is clear that both Nationwide and the industry have improved their customer satisfaction in the last year as both scored substantially better in 2019.

“For more than 90 years, Nationwide has been a leader for small business solutions,” said Berven when discussing the insurer’s performance on the small commercial insurance customer satisfaction study. “Together with our independent agent partners, we’re thrilled to continue to meet the needs of our commercial lines members.”

The post Nationwide small commercial insurance satisfaction highest in US, says JD Power appeared first on Live Insurance News.

Portland, ME, September 20, 2019 –(PR.com)– ClaimVantage, a leading international provider of life, disability, and integrated claim management software solutions, will exhibit at the 110th annual International Claim Association (ICA) Conference in Denver. The event will take place at the Hilton Hotel, Denver City Center, from September 22-24.

Angie Brown, Business Development Manager and Absence Specialist will join Steve McGonagle, National Practice Leader, Absence Management at The Standard, to present at a session entitled “Integrating Absence Management,” Angie and Steve will discuss the evolution of integrating absence and disability management, and other voluntary products, on September 23 at 10.30 am.

ClaimVantages’ cloud-based Integrated Disability and Absence Management (IDAM) platform is hosted on the Salesforce Lightning Platform. IDAM streamlines the life cycle of each claim in one central platform, ensuring all data is tracked and reported on, providing insurance companies and TPAs with valuable insights to make data-driven decisions. This integrated approach offers the insurance market a competitive opportunity to introduce effective employee assistance and return to work programs while improving employee satisfaction.

The ICA was founded in 1909, providing reinsurers, insurers, and TPAs across the life and health industry with a forum for information exchange and education.

The ClaimVantage team will be exhibiting at booth 309 throughout the 3-day event. Stop by to learn more about how integrated absence management can reduce costs, improve overall workforce health, and increase productivity to support your business.

About ClaimVantage

ClaimVantage offers industry-leading life, health, and absence claim management software solutions for insurance carriers, Third-Party Administrators (TPAs), and large employers. ClaimVantage provides cloud-based, automated claims processing solutions that drive efficiency, accuracy, and productivity, helping its customers to deliver superior customer service for a competitive edge. With its North American headquarters in Portland, Maine, and European headquarters in Dublin, Ireland, ClaimVantage also has teams in Australia, South Africa, and most recently, Japan.

For more information about ClaimVantage, visit www.claimvantage.com.

Contact Information:
ClaimVantage
Aishling Clifford
207-221-0560
Contact via Email
www.claimvantage.com

Read the full story here: https://www.pr.com/press-release/794910

Press Release Distributed by PR.com

Source: PR.com

The post ClaimVantage Absence Specialist, Angie Brown Presents at 110th ICA Conference in Denver appeared first on Live Insurance News.

Saint Petersburg, FL, September 20, 2019 –(PR.com)– The company, with 25-years of experience, specializes in software development for healthcare, insurance, e-commerce, e-learning, and other domains. A team of 2,000 will satisfy the needs of modern business and address tech challenges to take your enterprise to the next level. They professionally deal with both cutting-edge technologies (Blockchain, VR/AR, IoT, DevOps, Data Science) and traditional product development and software solutions.

The Florida office engages in all standard technological and corporate activities, which NIX executes worldwide. Developing custom software, the company implements Team as a Service model to empower leading brands to rapidly and predictably scale their development capabilities without burdensome sourcing processes or difficulty fulfilling key skill requirements. In addition to tech services, NIX provides an integrated business analysis, which reduces risk and minimizes cost, an improved time-to-market, and experienced project management.

“We take care of our customers’ business as if it was our own. The NIX team consists of dedicated, experienced and well-educated specialists who deliver high-quality unique solutions for every project. We are happy to be in Florida now and ready for new challenges and endeavors,” said NIX SVP Business Development, Vladimir Kuzmenko.

The main office of NIX United is open Monday-Friday, 9 a.m. – 6 p.m. You are welcome to send a request and schedule your visit any day.

About
NIX is a team of 2000+ specialists from all over the globe, delivering software solutions since 1994. We put our expertise and skills at the service of client business to pave their way to the industry leadership.

If you would like more information or meet the employees, you are welcome to stop by:

1st Central Tower, 360 Central Avenue, 11th floor, Suite 1120
Saint Petersburg, Florida
33701, United States of America
+1-727-900-8020
ask@nix-united.com
nix-united.com

Contact Information:
NIX United
Anna Ivanova
1-727-900-8020
Contact via Email
nix-united.com

Read the full story here: https://www.pr.com/press-release/794913

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Source: PR.com

The post NIX United Opens an Office in Saint Petersburg, FL appeared first on Live Insurance News.

Hamilton, NJ, September 19, 2019 –(PR.com)– Kimberly Vincent has been promoted to account executive within RT Specialty, LLC’s National Environmental and Construction Professional Liability Practice (ECP). Over the past five years with the ECP team, Vincent has worked with senior staff to identify and develop best-possible risk management strategies for the business’s ever-growing base of agents, brokers and clients.

“Since joining our team in 2014, Kim has dedicated herself to learning the industry and meeting the needs of our national customer base,” says John J. Heft, Senior Vice President, National Environmental and Construction Professional Liability Practice. “Kim is a seasoned veteran, who has increasingly taken on more responsibility at every turn. This includes managing everything from complex pollution liability and environmental casualty accounts and carrier relationships to team training and more. Kim’s knowledge, dedication and expertise is a key factor in the overall growth of the ECP.”

Prior to joining the ECP team, Vincent worked with BCG Advisors, Westrope Insurance Managers and others to maintain and service each company’s large book of business.

A resident of Plant City, FL, Vincent attended the University of Cincinnati. She can be contacted at 609-528-3905 or Kimberly.vincent@rtspecialty.com.

RT New Day, a division of R-T Specialty, LLC, is a specialty resource for agents and brokers, assisting them and their clients find appropriate, high-quality environmental and construction-related professional liability insurance coverages. RT New Day offers agents and brokers single-point access to an ample portfolio of products and services provided by the nation's largest environmental and professional liability insurance providers. In California: R-T Specialty Insurance Services, LLC License #0G97516. For more information please visit newday.rtspecialty.com or call 609-298-3516.

Contact Information:
StarrComm Strategies
William Chelak
732-541-2971
Contact via Email

Read the full story here: https://www.pr.com/press-release/794850

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Source: PR.com

The post Kimberly Vincent Promoted to Account Executive at RT Specialty appeared first on Live Insurance News.

Colorado Springs, CO, September 19, 2019 –(PR.com)– Women's Expo For A Cause – Donnell Productions, Inc. will present Colorado Springs Women's Expo With A Cause 2019, taking place at Norris Penrose Event Center on September 21-22 and featuring 200+ diverse exhibits, fashion shows, makeovers, health screenings, popular chefs, book signings, plus opportunity to enter to win contests and lots of free goodies. A full range of products and services, for Today's Women and their Families.

Veta Enright – Your Insurance Lady is proud to be participating in this year’s Colorado Springs Women's Expo With A Cause to Norris Penrose Event Center. The Women's Expo with A Cause is dedicated to helping communities throughout the US raise awareness of Domestic Violence and to effectively tackle this challenge. They are pleased to be affiliated with TESSA in Colorado Springs and support their "It's Not OK" Campaign to foster a community free of domestic violence and sexual assault.

Expo information is available at the event Website:
http://www.womenslivingexpo.com/ColoradoSprings2019/

Contact Information:
Your Insurance Lady
Veta Enright
(719) 471-3671
Contact via Email
yourinsurancelady.net

Read the full story here: https://www.pr.com/press-release/794859

Press Release Distributed by PR.com

Source: PR.com

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