• CBS NewsHarvey damage adds to woes for federal flood insurance

    The National Flood Insurance Program is facing questions about its future amid rising costs related to Hurricane Harvey. The federal program already owed almost $25 billion to the U.S. Treasury before Harvey’s heavy rains and winds devastated Houston, an event certain to further strain the NFIP. As costs mount, it’s likely to heighten the debate about the future of the program, Read more...

  • BBC NewsMajority 'still to claim' over PPI mis-selling

    The majority of people mis-sold payment protection insurance (PPI) may not yet have made a claim for compensation, the regulator has said.A deadline of 29 August, 2019, has been set by the Financial Conduct Authority (FCA) for the final claims to be made. A major advertising campaign by the FCA marking the two-year countdown will be unveiled later, urging people Read more...

  • Houston ChronicleFlood of insurance claims to hit region next

    Damages caused by Hurricane Harvey could easily surpass the $12.5 billion of insured losses inflicted by Hurricane Ike in 2008, experts said Monday. Insurance claims mounted statewide as people began phoning in the destruction. But with Harvey continuing to dump rain throughout the Houston area, many homeowners won’t be able to file claims for days to come. And that means Read more...

  • Miami HeraldMore people remain insured since Obamacare, CDC says. But many pay more out of pocket

    More Americans had health insurance during the first three months of 2017 than before the Affordable Care Act became law in March 2010, according to the National Health Interview Survey released Tuesday — but more have coverage with high out-of-pocket costs, which can discourage patients from visiting the doctor and filling a prescription. … Read the story on Miami Herald.

  • Tribune ReviewStocks are mixed as storm affects insurers, energy companies

    NEW YORK — Stocks finished little changed on Monday as investors focused on the effects of Tropical Storm Harvey. Insurance companies and oil drillers stumbled while refineries rose along with gasoline prices. With August coming to a close, Monday was one of the quietest days of the year on Wall Street. Biotech drug companies rose after hepatitis C and HIV Read more...

  • BBC NewsRise in victims of uninsured drivers

    The body that compensates victims of uninsured drivers is facing its first rise in claims for more than a decade.The Motor Insurer’s Bureau, which acts on behalf of the industry, is looking at why they have increased.In the year to July, cases submitted to the MIB rose by almost 10% to about 12,000 after declining since 2004.This year, the MIB Read more...

  • CNBCLast 'bare county' in US gets insurer

    Ohio’s Department of Insurance said on Thursday the non-profit managed care company CareSource will sell health plans in Paulding County next year. Paulding was the last county in the United States that would have been without Obamacare individual coverage in 2018. Health insurers are facing an upheaval in their businesses amid growing uncertainty over the healthcare legislation. Ohio’s Department of Read more...

  • CBS NewsHurricane Harvey: How homeowners should prepare

    Julie Rochman has seen her share of hurricanes. As president of the Insurance Institute for Business & Home Safety, her job includes predicting and assessing the kind of storm damage that experts fear Hurricane Harvey is about to inflict on Texas.  So when she advises residents and business owners in the path of the storm to be ready to evacuate, they Read more...

  • The Huffington PostAetna May Have Exposed The HIV Status Of Thousands Of Clients

    Insurance company Aetna Inc. inadvertently revealed the HIV status of potentially thousands of its customers when it sent information about HIV medication using an envelope with a mailing window large enough to read the letter’s contents, according to reports. Aetna sent the letter to about 12,000 people, Time reported. In addition to breaking privacy laws that give people the right Read more...

  • BBC NewsDriverless cars put to the test

    One of the world’s biggest insurers has begun testing the impact of driverless cars on our premiums.AXA is advising the UK government on how claims will work in future, when computers are driving us around.The company has deliberately crashed a number of cars to recreate various “autonomous” scenarios. They mocked-up three different accidents. Insurers regularly crash their own cars, using Read more...