Tag: insurance companies

Health insurance cancellations in the US could get worse

Note From The Editor
health insurance cancelled

Cancellations cause significant frustration among consumers Health insurance policies in the U.S. are being subject to cancellations as insurance companies are being forced to execute substandard policies. These policies do not meet the standards established by the federal Affordable Care Act and, as such, do not offer consumers the quality of benefits that the law is meant to ensure. Some 4 million people throughout the U.S. are expected to lose their coverage as a result of insurance cancellations and this issue has become quite controversial. Some lawmakers believe that recent…

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All About Flood Insurance – What you need to know

Guest Author
Flood insurance marketplace - Digital Insurance

Floods occur in every state in the United States. Recent flooding in Colorado resulted in multiple fatalities and property damage estimated at more than two billion dollars. Amidst the tragedy there are reports that 10 to 25 percent of Colorado homes have separate flood insurance policies. Six percent of the 77,000 detached homes in oulder County had flood insurance, only 2.3 percent of El Paso County single-family homes (170,000) had insurance for floods, and only 1.5 percent of Larimer County’s 90,000 homes were covered against floods. Flood insurance is an…

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Insurers take the business approach to Obamacare

Note From The Editor
health care reform

Insurers are finding ways to omit Obamacare from their marketing The Affordable Care Act, often called “Obamacare,” has become a hyper-politicized issue within the U.S. While consumers and politicians throughout the country are arguing the merits of the federal law and how to fix its faults, insurance companies are looking at the issue from the perspective of business. Insurers throughout the U.S. are preparing for a public relations barrage, which will target the estimated 7 million new customers that could find coverage through health insurance exchanges. Insurers are expected to…

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Climate change and the insurance industry

Note From The Editor
Climate Change Insurance agents Industry

Insurance industry shows concern over climate change Climate change is often a controversial topic, especially when it comes to whether or not humans are having an impact on climatic events. Usually, the issue is politicized, with certain factions providing some extreme viewpoint on climate change and others suggesting that it is little more than a myth. While the truth of climate change may reside somewhere in between extremes of perception, one thing is certain: The insurance industry is not keen to leave itself exposed to the risks that come with…

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Insurance fraud is a costly problem

S.Vagus
Medical Fraud

Insurance fraud makes coverage a complex matter Insurance can be a very tricky subject to navigate. Every sector of the insurance industry is awash with regulations, standards, and complex business practices that can make understanding coverage a chore at best. The complexities of insurance can cause a great deal of confusion, even among those that should not be confused. In the U.S., state and federal lawmakers often pass legislation in an attempt to mitigate the dangers that exist within the insurance sector. Much of this legislation institutes regulations that govern…

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