American Association for Critical Illness Insurance seeks information regarding claims benefits for consumers

Insurance Agents

The American Association for Critical Illness Insurance has begun seeking feedback from insurance agents whose clients have received claims benefits in recent months. The trade association is looking to gather information on how these payments have been disbursed and whether consumers are satisfied with the service of their insurers. Critical illness insurance is a new type of coverage designed to provide care for those that suffer from afflictions such as cancer, heart disease and strokes.  As a new form of insurance, information regarding satisfactory practices is scarce, leading the association…

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Investment losses cause health and accident insurers to struggle

Health and Accident insurance companies are finding themselves facing a hit in their earnings, recently, as a result of investment losses coming from struggles in the shaky European economy. Banks from Ireland, Portugal, and Greece, have all faced challenges which have led companies such as AFLAC Inc., who have placed a good deal of their investments with them, to experience some notable losses. AFLAC has announced that it will likely face losses in the second quarter that will reach $610 million as a direct result of these investments. The insurer…

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