Posts in tag

insurers


A panel of judges has preemptively moved to prevent 1,000 COVID-19-related business interruption (BI) insurance lawsuits from consolidating, which would have swamped the one judge overseeing all the cases. Last week, a group of judges said that it would be too unwieldly for one judge to administer over 1,000 BI cases from all across the …

LANSING, Mich. – Gov. Gretchen Whitmer and the Michigan Department of Insurance and Financial Services announced that the state has secured agreements from nearly all of the state’s health insurers to waive all out-of-pocket costs for COVID-19 testing and treatments through the end of 2020, including copays, deductibles, and coinsurance. These agreements cover more than …

Health insurance companies are racking up big profits during the pandemic, sometimes two to three times higher than a year ago. That’s largely because so many customers are putting off their usual care. Elective surgeries, office visits and even trips to the emergency room have dropped sharply, which means fewer claims on insurance plans. Four …

CLOSE Public workers and health insurance Wochit With small businesses buckling under the pandemic-induced recession and more than 120,000 newly unemployed New Jersey residents estimated to have lost health insurance coverage so far this year, lawmakers Thursday advanced a measure to impose a state tax on health insurers. The $300 million raised through a 2.75% “health …

MONTPELIER, Vt. (WCAX) – Vermont health care regulators are mulling over a proposed rate hike which could raise health insurance premiums for the state’s largest carrier. In a year that has thrown the predictability of the heath care system for a loop, it’s the latest effort by the industry to stabilize costs. Blue Cross Blue …

After spending billions of dollars and years of time chasing the dream of autonomous vehicles, the auto industry is beginning to realize that — while there have been some excellent technological developments along the way — true Level 5 and even unsupervised Level 4 autonomy are still well into the future. Some executives in the …

Many insurance companies are providing some needed assistance to consumers amid the coronavirus pandemic. Offerings vary depending on the insurer and the state. Broadly, though, the combination of regulatory and industry-driven efforts includes extended grace periods for payments, flexible payment options, auto-policy premium refunds, increased reliance on online applications and digital signatures, extended time periods …

The best kind of financial help is the kind that you don’t have to ask for. On Monday, Allstate and American Family Insurance said they would give their personal auto insurance customers a break, since most of them aren’t driving as much as they did a month or two ago. The savings don’t amount to …

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related to the global economy, the work place and the spread of the virus. ____________ CRASH COSTS CRASHING: One of France’s largest auto insurers says costs are crashing as tens of millions of drivers …

THE PROGNOSIS Health insurers spent the last year under a harsh spotlight, as Congress sought to prevent the surprise medical bills these companies and medical providers often slap on American patients.  As coronavirus spreads quickly across the U.S., these companies see a chance to score some points with the public — and the Trump administration.  …