Chubb hopes their cyberbullying insurance policy will make a much-needed difference

Marc
computer keyboard cyber insurance market

The insurer has now started offering this additional optional coverage to its homeowners customers. Chubb has now started to offer an additional cyberbullying insurance policy option to customers who already have homeowners coverage through the insurer, with the hopes of providing added protection against many forms of digital cruelty and humiliation. The purpose of the coverage is to cover the cost of repairing an online reputation and of counseling. While it can be very embarrassing for people who have discovered that someone else has posted embarrassing photos on social media…

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How ISO 9001:2015 Can Impact Risk-Based Thinking In Insurance

Guest Author
Freeman1 02 18 2016 17 33 P9

While risk-based thinking is a new term in the 2015 version of ISO 9001, the concept of risk management is not new to the insurance industry. Many companies already have some sort of risk management process in place and much progress has been made to formalize these processes and even use them for regulatory purposes.  Another step forward is the introduction of the ISO 9001:2015 standard, which includes a focus on risk-based thinking that could benefit the industry. ISO 9001:2015, which defines risk-based thinking even more than its predecessor ISO…

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Will California pass a health insurance bill for undocumented immigrants?

Julie Campbell
teamwork undocumented immigrant california health care reform bill

The state recently introduced the measure to request permission from the federal government. California legislators are currently facing a controversial health insurance bill that would request permission from the federal government to allow the state to be able to sell coverage over its official exchange, Covered California, to people who are unable to prove that their residence in the country is a legal one. The Assembly Health Committee democrats already gave their approval to SB20 last Tuesday. The proposal of the health insurance bill was first put forward by Senator…

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Medicaid insurance plans receive federal standards makeover

Logan B.
Medicare open enrollment deadline approaching fast – things you should know!

The Obama administration has now established a new set of standards for these private coverage plans. The primary source of coverage for millions of Americans, Medicaid insurance plans, are undergoing a significant change as the Obama administration has now laid out a fresh set of standards to which these policies must adhere. The new rules have been designed to address insurance companies that serve Medicaid customers. There are 39 states in which insurance companies are serving as a kind of middleman in order to make sure that customers have coverage.…

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Millions of dollars in life insurance benefits owed to unknowing Californians

Julie Campbell
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…

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