Nationwide small commercial insurance satisfaction highest in US, says JD Power

Commercial Insurance - Customer Satisfaction

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…

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NFL reaches concussion settlement with its insurance company

concussion settlement - NFL players - Football

Many of the league’s insurers have been battling the requirement to pay players with such injuries. The N.F.L. has reached a concussion settlement following a lengthy battle regarding payments to players who have been injured. Insurers have been resisting payments to concussed players because they say the league had not adequately disclosed the game’s dangers to its players. The battle over the concussion insurance payments has stretched out for seven years. The concussion settlement brings this fight to an end. Insurance companies had been refusing to pay their portion of…

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Fitch labels General Electric insurance “risky”, sending share prices tumbling

General Electric Insurance - long term care

A new report called the long term care insurance backer the riskiest one in that sector. A new Fitch Rating report referred to General Electric insurance as one of the riskiest backers of long term care coverage. It pointed to the company’s substantial claims exposure and comparatively small cash reserves for paying those claims. As a result of the new designation, G.E. saw its shares take a nose dive at the start of the week. The Fitch Ratings report is issued annually. The credit ratings agency underscored concerns outlined by…

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Trump to issue health care price transparency executive order today

Health Care Price Transparency - Donald Trump

The president is expected to require insurers and doctors to disclose care costs. Later today, President Donald Trump plans to issue an executive order for health care price transparency. The purpose is to require doctors and insurance companies to disclose their health care prices. Industry groups have been vocally opposed to the president’s intention to sign the executive order. The Wall Street Journal reported that Trump intends to issue the order for health care price transparency regardless of industry resistance. The order will specifically direct federal agencies to launch guidance…

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Ways To Get Home Insurance Discounts

Home Insurance Discounts

Nowadays, it is so much easier than in the past to get a home insurance policy since they can even be found online. You need to simply invest time and effort to find a deal that is great for you. However, this is where many homeowners make mistakes. There are many ways in which you can get home insurance discounts, like the ones highlighted below. Raise Deductibles The deductible is practically how much you agree to fund in the event that a claim is filed in the future. The insurer…

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Woman saws off her hand in what may be shocking insurance policy fraud

Insurance policy fraud - Saw

The woman was found to have purchased five different policies ahead of the incident. A woman who cut off her hand with a circular saw in January is now being accused of insurance policy fraud. Though it initially appeared to be a terrible accident, the Slovenian woman may actually have attempted to defraud several insurers.defau Police and prosecutors are attempting to determine if the event was a bad accident or flawed crime. The 21-year old woman was accused of insurance policy fraud in Slovenia when it was found that she…

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Berkshire Hathaway Insurance Group braces for Brexit with new Dublin unit

Berkshire Hathaway Insurance Group - Brexit - UK and EU flags

The insurer has received approval for the new unit to service clients in Ireland and across the E.U. Berkshire Hathaway Insurance Group Inc. announced that it has received the Central Bank of Ireland’s approval to establish a Dublin unit. The goal is to be prepared for any form of Brexit, to be able to service clients in Ireland as well as throughout the European Union. The new Berkshire Hathaway European Insurance will act separately while remaining fully owned. According to the Berkshire Hathaway Insurance Group, the new unit will be…

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