Tag: medical claims

Insight into veteran problems

Guest Author
Veteran Health Issues

Many veterans face several challenges when they cease serving in the military. Some of these problems include homelessness, post-traumatic stress disorder, financial issues, and loneliness. Different kinds of supportive services have been made available for veteran families, such as grants. Veteran grants are helpful to veterans and their loved ones who are experiencing challenging situations in their day-to-day life. Assistance to veterans is variable depending on individual needs. Some could be homeless, and others on a low income that can barely support their survival. Financial problems are common to many veterans as…

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US workers compensation industry will continue to be profitable this year

H. Cutner
US workers compensation - safety shoes - screw - risk of accident

Fitch data showed that the market remained strong throughout 2017 with positive 2018 performance. New Fitch Ratings data shows that the US workers compensation industry did well last year and may continue to see underwriting profits this year. The data from last year until now shows a trend of strong performance, though that could change. Last year’s strong US workers compensation performance represented the third consecutive year following that trend. The industry statutory combined ratio was around 92 percent, said Fitch Ratings data. The recent Fitch Ratings report showed that…

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Adult sabbatical years lead to four times more travel insurance medical claims

Julie Campbell

Over the last few years, claims made for medical expenses through travel insurance policies have increased by four times due to a larger number of older adults taking sabbatical years from work and taking exotic vacations. The Association of British Insurers (ABI) has released their data that has shown that the cost of overseas illness rose from approximately $122 million in 2004 to approximately $454 million in 2010. The number of claims rose from 120,000 in 2004, to 337,000 in 2010. According to the ABI, even though the cost of…

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