Michigan Senate adopts Life Insurance Awareness Month resolution

Life Insurance Awareness Month - Michigan Flag

Sponsored by Senator Lana Theis, it recognizes September as a time to learn about the benefits. The Michigan state senate has adopted a Life Insurance Awareness Month resolution sponsored by Senator Lana Theis. The resolution recognizes September as the time for state residents to learn about policies. Michigan’s Senate recognized September as Life Insurance Awareness Month, a time in which residents are encouraged to learn about these policies, their premiums, and the way in which their families may benefit in case the worst should happen. The goal is to help…

Read More

One in 6 employees stay at their jobs for the health plan

Health plan - Helath Insurance Plan

A West Health and Gallup study showed that people are sticking with employers that cover them. West Health and Gallup recently released the results of a study in which they found that 16 percent of workers are staying at their jobs in order to keep their health plan. The fear of losing their insurance benefits is locking people into positions they’d like to leave. “Approximately 158 million people, or more than half of the U.S. adult population, receive health insurance via their own employer or the employer of a household…

Read More

Dennis M. Baez Joins Berkley Construction Professional as Senior Vice President of Underwriting

Dennis M. Baez Joins Berkley Construction Professional as Senior Vice President of Underwriting

Morristown, N.J. (August 31, 2021) – Dennis M. Baez joins Berkley Construction Professional, a division of Berkley Alliance Managers, a Berkley Company, as a senior vice president of underwriting. He is responsible for underwriting primary and excess business within the retail and wholesale insurance communities, fostering strong broker relationships and achieving profitable growth for Berkley Construction Professional’s contractors’ and owners’ professional liability portfolio. “Dennis’ extensive experience at several global leaders in insurance broking will help us better understand the professional liability needs of our customers and enable us to develop…

Read More

Wawanesa reports a spike in fake insurance job postings

Insurance job postings - Fake

As insurers work hard to hire new talent, they are struggling with fraudsters in their way. Wawanesa has issued a news release cautioning people looking for insurance job postings that while insurers are typically hiring right now, there are many fraudsters out there looking to scam job hunters. Insurers have been a particular subject for scams having to do with employment opportunities. The scam insurance job postings mentioned in the Wawanesa report are described as attempting to trick job seekers into applying for what they think is a position with…

Read More

Many South Lake Tahoe residents can apply home flame retardant with insurer help

Home flame retardant - South Lake Tahoe

Several insurance companies are hoping to support their customers with fire prevention spray. South Lake Tahoe residents in many neighborhoods threatened by the Caldor Fire have been watching trucks driving around offering home flame retardant spray. The All-Risk Shield product is being offered as additional exterior protection against wildfires. The company’s crew members are applying the home flame retardant product on the vegetation surrounding the homes to help reduce the risk of flames traveling to structures such as houses and garages. Moreover, the service isn’t paid entirely out-of-pocket by the…

Read More

Almost three quarters of insurers charge fees or co-pays for COVID-19 insurance coverage

COVID-19 insurance - health insurance increase

An infection leading to hospitalization will now be more expensive to policyholders than it used to be. COVID-19 insurance coverage in a case of hospitalization will now come at a higher price even to those with a health plan due to increased co-pays and fees when compared to earlier in the pandemic. The Kaiser Family Foundation recorded that fewer insurers are waiving out of pocket costs. Researchers from the Kaiser Family Foundation determined that early in the pandemic, 88 percent of the largest American insurers voluntarily waved COVID-19 insurance out…

Read More

New York state pushes insurance companies to provide faster storm claim response

Insurance companies - Home Insurance Claim

The remnants of Hurricane Ida brought record-breaking rain, flooding large parts of NYC. Insurance companies are braced for a massive wave of claims in New York following record-breaking rains left behind by the remnants of Hurricane Ida. State officials are calling for insurers to step up their processing, to help flood victims to recover more quickly from the damage they suffered. Large areas of New York City were submerged by the massive rainfall that came on fast. The New York State Department of Financial Services, which regulates insurance companies in…

Read More