Enservio Webinar to Present Best Practices for Valuing Oriental Rugs

NEEDHAM, Mass. – May 17, 2016 – Is that a $75,000 Antique Mohtashem Kashan rug, or a $12,000 Kashan rug? Is the policyholder’s claimed item hand-woven or machine-made? How do you determine the relative worth of a high-end but water-logged Persian runner? Claims adjusters and other claims professionals interested in learning more about valuing high-quality rugs can register for a 30-minute webinar May 25 at 11:30 am EDT. To register click here. “Best Practices for Valuing Oriental Rugs” will be presented by Rosemary Kress, a review appraiser with 15 years…

Read More

Millions of dollars in life insurance benefits owed to unknowing Californians

agent discussing life insurance benefits

There are thousands of people living in the state who are owed large amounts of unclaimed money. Officials in California have now said that thousands of people across the state are owed millions of dollars in life insurance benefits – sometimes in amounts that are greater than $100,000 – and that many of these individuals have no idea that this money is owed to them. The California Controller’s Office said that some insurance companies haven’t made any effort to find beneficiaries. According to the Controller’s Office, in many cases, there…

Read More

Cutting the crop insurance subsidies is proving to be challenging

crop insurance rules

It is now expected that part of the reductions in subsidized coverage for growers will be repealed. Back in April, Republicans in Congress formed a new agreement in order to move ahead on a plan that was designed to create a savings of $5 trillion over the next ten years, and reductions in crop insurance subsidies were a part of this effort to balance the budget at the end of that time. However, as time has passed and the practical side of these insurance subsidy decreases plays out, it may…

Read More

Chinese insurance industry welcomes insurers from other countries

china insurance industry

A recent keynote speech from President Xi Jinping pointed out that its economy would be opening up into the future. Chinese President Xi Jinping gave a keynote speech at the APEC CEO summit, in which it was revealed that the insurance industry – and other parts of the country’s economy – would soon be welcoming a greater amount of foreign investment moving ahead. The country will be opening up its doors to the rest of the world to a larger degree and limits will be reduced. According to Xi, when…

Read More

Obama administration makes insurance news with EU agreement negotiations

europe insurance news industry

The U.S. Treasury and U.S. Trade Representative have said they plan to work for a covered agreement. The insurance news announcement has now been made that the U.S. Treasury and the U.S. Trade Representative intend to enter into negotiations with the European Union over a covered agreement regarding insurance. The goal of these negotiations will be to “level the regulatory playing field for U.S-based insurers and reinsurers.” E.U. insurance companies and industry regulators have been expressing frustration with regards to the American reinsurance collateral requirements. The issue at the center…

Read More

Hurricane Patricia may not have been as much of a disaster as predicted

Hurricane Patricia 2015

Despite the fact that it was the most powerful storm ever seen by the Western Hemisphere, it was not the most damaging. The first reports about Hurricane Patricia that were released over the weekend after the storm made landfall on the west coast of Mexico indicated that there had not been any major damage and that there had not been any deaths. The early reports were cautiously optimistic that the broad efforts to evacuate affected areas saved lives. Even though Hurricane Patricia was the most powerful storm of that nature…

Read More

Health insurance exchange website security gets a boost

Health Insurance Exchange

The Obama administration has responded to criticisms from civil liberties advocates with strengthened protection. Following criticism that the Obama administration has received from civil liberties advocates, it has now stated that it will be strengthening the security of its health insurance exchange website, just as a new open enrollment period is about to begin. The page will now feature a new “privacy manager” that will offer users additional control. According to a blog post by Kevin Counihan, the CEO of HealthCare.gov, the federal health insurance exchange website, the site will…

Read More