Insurance Companies to Expand Timely Access to Behavioral Health Services – In response to the governor’s recent declaration of a public health emergency in response to gun violence in New Mexico’s largest metropolitan area, the state’s top insurance regulator ordered health insurance companies on Tuesday to extend early access to behavioral health. Although the order…
Homes in parts of the U.S. are essentially uninsurable – Millions of American homeowners like Mary Morse find themselves stuck in a financial bind, facing mounting risks from wildfires and floods linked to climate change while their home insurance rates rocket upwards. Increasingly, the crowning blow comes when insurers withdraw coverage, leaving individuals and even…
Following moves by several lenders to cut fixed rates last week after Bank of England governor Andrew Bailey said interest rates were close to their peak (see stories below), more providers are tweaking rates down, writes Jo Thornhill. Nationwide building society is cutting selected residential fixed rates by up to 0.29 percentage points from tomorrow (13 September)….
Canopius, a global reinsurance company, has entered the domestic U.S. excess casualty market under the Canopius US insurance company paper and appointed Judi DiBattista, US head of excess, to lead the company’s expansion into the U.S. insurance sector and enhancement of its excess casualty capabilities. According to a press release distributed to Insurance Business, Canopius…
Health problems tend to increase as people age, but about a quarter of all low-income adults aged 65 and over have no health insurance at all. This is the age at which most Americans become eligible to enroll in Medicare, which is the federal health insurance program for seniors. However, many uninsured seniors are Latinos,…
Considering prepared insurance, is it an asset? This is what we will be covering in this article – “Is Prepaid Insurance An Asset”? Before we continue, What is Prepaid Insurance? What Is Prepaid Insurance Prepaid insurance refers to an accounting arrangement in which a business pays for insurance coverage in advance, typically for a future…
Too few children are getting regular eye exams – While eye tests are a critical tool to identify potential problems with your child’s eyes, more than half of children in the U.S. don’t get them at their regular checkups. People with Medicaid and other health insurance plans were significantly less likely to get these vision…
Are Small Businesses Satisfied With Commercial Insurance Providers – In 2015, Gray filed false loss claims that resulted in hundreds of thousands in compensation payments. In August of 2021, a complaint was filed claiming that Gray had intentionally submitted false claims statements in 2015. According to Waldref, Gray falsely reported a loss of over $35,000…
United States Obtains $607,284 for False Crop Insurance Claims – Vanessa R. Waldref, U.S. Attorney for the District of New York, announced that the U.S. Department of Agriculture (USDA) has obtained a judgment of $607,284 against Rick T. “Ricky” Gray for submitting false and fraudulent crop insurance claims. Under the False Claims Act, Gray was…
Commercial Property Insurance – Extreme weather events, particularly in the last five years, are accelerating the exodus of major insurers from states such as Florida, Louisiana, and most recently, California, where some analysts say insurance coverage is almost non-existent. With premiums skyrocketing and hard-to-find coverage, it’s no surprise that the financial burden of climate change…