Blue Cross Blue Shield of NC joins insurance commissioner to build rural fire houses

Blue Cross Blue Shield of NC - Fire truck in fire station

Insurance Commissioner Mike Causey worked with the insurer to pay for the building construction. Blue Cross Blue Shield of NC and the state’s insurance commissioner, Mike Causey, joined together to help fund the construction of rural fire house in the state. The commissioner is seeking to improve the rural fire department quality as a whole. Causey has taken on the project to help the state’s rural fire departments to return to better health. Blue Cross Blue Shield of NC joined him in helping to finance the effort, and he has…

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Cosmetic surgery insurance claims way down as millions of procedures postponed

Cosmetic surgery insurance - Surgeons operating

Elective procedures have been delayed by weeks, months, or longer due to the pandemic. Cosmetic surgery insurance claims have ground to a virtual halt as elective surgeries face massive postponement waits due to the pandemic crisis. Hospitals are battling with months of backlog for surgeries to meet medical requirements. Around the world, hospitals and clinics have had to cut back on the number of routine procedures they are able to perform in order to maintain patient and staff safety, said a report in the Economist. This measure was also taken…

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Nationwide plans to keep remote insurance jobs permanently in 5 states

Remote insurance jobs - laptop on desk

The insurer has made it possible for many employees to work from home even after offices fully open. Nationwide has announced its intention to permanently transition into an operating model that functions as a hybrid between in-office and remote insurance jobs. The employees who will be heading to the office will be those at the four main corporate campuses. The insurer will keep the in-office workers primarily at its four main corporate campuses. That said, it will keep its remote insurance jobs in place for the majority of other locations.…

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Magic Johnson’s EquiTrust Life Insurance funds over $100 million in small business loans

EquiTrust Life Insurance - Magic Johnson with the US Navy

The former NBA All-Star’s insurer is focusing on supporting women- and minority-owned companies. Magic Johnson’s EquiTrust Life Insurance Co and MBE Capital Partners, a nonbank lender from New Jersey, is providing $100 million in funding for minority and women-owned companies. This is a component of the Small Business Administration’s struggling Paycheck Protection Program. According to Johnson in a Wall Street Journal interview, he heard that small businesses were having a hard time gaining access to Paycheck Protection Program (PPP) loans. One of the larger companies that was successful in obtaining…

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Disability insurance for professionals: Yes, they need it

disability insurance

Medical and legal professionals need this coverage as much as – if not more than – other professions. Professionals need disability insurance to provide them with income for maintaining their accustomed lifestyle until they receive medical clearance to return to work again. Illness is the leading reason for claims filed on disability plans. Professionals such as doctors, dentists, lawyers and others often overlook disability insurance. This is often because the coverage is associated with jobs requiring physical labor. However, an illness or injury can interrupt a doctor or lawyer’s capacity…

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Geico to offer $2.5 billion in auto insurance credits due to coronavirus stay-at-home orders

Auto insurance credits - person riding motorcycle

The car insurer announced that it would be offering these discounts to motorcycle and vehicle policyholders. Geico announced this week that it would offer about $2.5 billion in auto insurance credits. The offers will go out to 19 million vehicle and motorcycle policyholders whose policies will renew between April 7 and October 7, 2020. The announcement was made by the car insurer in a published statement as well as in a tweet. The statement explained that Geico customers don’t need to take any additional action to take advantage of the…

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2020 Atlantic Hurricane Season predictions suggest an active year

2020 Atlantic Hurricane Season - Hurricane seen from above

Colorado State University experts predict an above average level of storm activity. Meteorological experts at Colorado State University have released their 2020 Atlantic Hurricane Season predictions. They predict that the six months starting in June will be more active than average. Last year was a particularly catastrophic year for storms from June through November. The most devastating was Hurricane Dorian, which came to a near rest over the Bahamas for 36 hours, leaving catastrophe behind. That was a massive Category 5 hurricane. It broke tropical storm intensity records for striking…

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