Castelan Group, provider of warranties, insurance and claims handling solutions to the retail sector, has replaced its Renault sole supply commercial vehicle fleet with 80 new Renault Trafic panel vans. The Trafics replace the company’s previous generation models, with Castelan opting for the new Trafic after putting the order out to tender and considering light […]
Above graphic: Autonomous vehicles impact every business model. Thisinfographic illustrates some the many industries that will be impacted, from Insurance, Logistics, Retail, Auto, and Cities. Though your company may still be adapting to social media technologies or Collaborative Economy disruptions, even more business model changes are coming. Show More Summary
Iranian developers just launched a mobile app called “Gershad”, which alerts users if the morality police are nearby. In the Islamic Republic of Iran, the morality police, a unit of the National Police, are charged with insuring that Iranian citizens comply with so-called Islamic law. For example, morality officers have to make sure that women […]
By Jonathan Saul and Carolyn Cohn LONDON (Reuters) - The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded. Show More Summary
General insurance woes reduce earnings as company looks to ‘some realignment’ of its business.
Consumers pay about 7 percent more for annual premiums if they rent their home rather than own it, even if they have stellar driving records.
Eric Allie / Cagle Cartoons By Ron Paul The United States Preventive Services Task Force recently recommended mandatory depression screening for all Americans. The task force wants to force health insurance companies to pay for the screening. Show More Summary
An Australian health insurance company has launched an inclusive commercial featuring diverse families including gay moms and dads.
By Lisa Lambert WASHINGTON (Reuters) - The U.S. government and the country's largest life insurer squared off in federal court on Wednesday over whether regulators can designate non-banking firms as "too big to fail," one of the major reforms that followed the financial crisis. Show More Summary
New Hampshire’s famously independent voters on Tuesday embraced presidential candidates in both parties with antagonistic views toward international trade agreements, social insurance cuts and money in politics, dealing a blow to the traditional preferences of the bipartisan donor class. To be clear, Donald Trump and Sen. Show More Summary
Africa Internet Group is set to become the continent’s first “unicorn” after securing an investment valuing the ecommerce group at more than $1bn. French insurer Axa will pay €75m for an 8 per cent stake in Africa Internet Group, which...Show More Summary
In every health insurance contract there is some fine print that says the networks are subject to change at any point and that a network change is not grounds for cancellation of the contract. Most of the time that language is used to cover small changes in a network. A doctor died, a doctor moved […]
The Crop Insurance and Reinsurance Bureau kicks off its annual meeting today in Indian Wells, CA. I am going to guess that the President’s budget will once again be a topic of discussion. During the next couple days I’ll be meeting members and speakers to learn the potential impact of proposed changes to the budget affecting crop insurance and what... Read More
Humana (HUM) profits fell 30 percent in last year's fourth quarter with the insurer unable to manage the rising medical costs of newly insurance Americans signing up for individual coverage under the Affordable Care Act, leaving its participation on public exchanges in doubt beyond this year. The Louisville-based health insurance company, [...]
Market turbulence has led investors to snap up safe German bonds, yet the cost of insuring against a Teutonic default is up. Blame a rout in Deutsche Bank shares. Until Europe’s banking union is complete, governments are the ultimate backstop if big lenders get into trouble.
The Obama administration’s 2017 budget proposal includes reforms to the crop insurance program that would end up costing farmers more. Two specific changes are proposed – one would reduce subsidies for revenue insurance policies that...Show More Summary
The easiest way for an insurer to make money is to not pay out claims. The easiest way to do that without worrying about too many legal concerns is to find ways to only cover people who are highly unlikely to submit claims. That was the basis of the old individual insurance market model. Insurers […]
Health insurer CareConnect more than tripled its enrollment during the latest sign-up period for coverage, which ended Jan. 31. The health plan, a subsidiary of Northwell Health, signed up 91,193... To view the full story, click the title link.
Remember when we were assured that undocumented immigrants wouldn’t be insured under the Affordable Care Act? Now it looks as if yet another feature of the act has been so badly designed that this assurance has proven to be empty. The...Show More Summary
The President's budget includes sound improvements to Medicaid and the Children's Health Insurance Program (CHIP), including: Three years of full federal financing for all Medicaid expansion states. The President proposes to have the...Show More Summary