For many holidaymakers, the whole reason for going on holiday is to get new experiences, interact with the locals, and have a chance to snag a couple of souvenirs as opposed to spending time in enclosed places. Rather than remaining on a tour bus through the entire vacation, walking tours provide great opportunities to sightsee and get first-hand knowledge of the holiday destination. Other advantages of considering a walking holiday are that walking is good for your overall health and decreases the carbon footprint of cars. When overseeing a walking…
Read MoreFlorida boosts home insurance oversight following investigation
New legislation has been introduced after an investigation showed disaster estimate slashing. Florida Governor Ron DeSantis (R) recently signed a new law that boosts home insurance company accountability for their claims handling processes. The insurers will be required to comply with additional transparency and oversight regulations. The new law requires home insurance companies to boost their process transparency and will be subject to higher fines for legal violations. The law also provides the regulators in the state additional authority to conduct investigations into allegations of bad behavior in a market…
Read MoreConsumer advocates say home insurance is still available in California without State Farm
They are assuring property owners that other insurers will be able to help them find coverage. State Farm recently announced that it would no longer be accepting new home insurance and business insurance applications in California, due to the increasing frequency of wildfires and the rising cost of repairs. Many property owners are now wondering how they will be able to find coverage in the state. According to consumer advocate groups, there are still opportunities to find home insurance coverage in the state, though some are hoping that since State…
Read MoreInternational Industry Leaders Convene at Global Insurance Symposium
The premier three-day event featured industry-shaping insights for attendees The 2023 Global Insurance Symposium brought together industry and regulatory leaders from around the world for three days of collaboration, networking and learning in Des Moines, Iowa, – the hub of the US insurance industry. With the theme of “Thriving in a Changing World,” 500 attendees participated in relevant panels, networking opportunities, breakout sessions and more, gaining valuable insight and direction. “The Global Insurance Symposium offered industry expert speakers and attendees the ideal setting for collaborative efforts as we to continue…
Read MoreDental insurance ransomware hack exposes 9 million patient accounts
Managed Care of North America Dental provides government-sponsored plans for children and seniors. One of the largest dental insurance providers in the United States has suffered an apparent ransomware attack, compromising the personal information of nearly nine million people in the country. The insurer posted a notice saying that it had become aware of unauthorized activity on its computer system. Managed Care of North America (MCNA) Dental calls itself the largest dental insurer in the US for government-sponsored plans providing coverage for seniors and children. It recently posted a notice…
Read More65% of Americans believe employer-sponsored health insurance is financially critical
A new AHIP survey showed that employers feel it is important to recruitment and retention. About 65 percent of US adults feel that their employer-sponsored health insurance gives them “financial peace of mind” according to the results of a new AHIP survey. The survey was conducted as a component of a broader AHIP [email protected] campaign. The survey was conducted by Locust Street Group and ran from April 17 to April 25 on behalf of AHIP. The purpose was to gather insights into the thoughts adults have across the US regarding…
Read MoreState Farm will no longer sell home insurance in wildfire-prone California
The giant has announced that it is leaving the state’s homeowners’ market due to high risk and construction costs. State Farm has announced that due to spiking wildfire risks and construction costs, it is leaving selling in California’s home insurance market altogether. The insurer is stopping new sales of the coverage in the state, which it says has become too expensive. State Farm issued an official media release to announce its withdrawal from the home insurance market in California. It stopped accepting business and personal applications on May 27. That…
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