Aug 26
Gay couples in New York who are now able to legally marry should enjoy the added benefit of savings on their car insurance policies. Lambda Legals article Top Three Car Insurance Companies in New York Will Respect Gay Couples???
Aug 26
A hurricane barreling up the East Coast has the potential to cause the worst damages to the region in more than 50 years — and insurers will likely feel the brunt of it.
Shares of Travelers (NYSE:TRV), Allstate (NYSE:ALL) and Chubb (NYSE:CB) all slipped more than 3% on Thursday when meteorologists ramped up their warnings that Hurricane Irene could pummel the Northeast on Sunday.
The prospect for damage is frightening for an industry of property and casualty insurers that has already faced abnormally high catastrophe losses this year just from natural disasters.
The forecasts are grim, and if the beast hits as hard as some predict she could cause billions of dollars in damages. Read more…
Jul 27
Asbestos-related diseases have been falling for a decade, but warnings from a pair of U.S. insurance giants about new claims raise questions about the industry’s ability to put the scourge behind it.
While medical evidence suggests fewer new cases of asbestosis and the lung cancer mesothelioma, insurers say they are getting sued more frequently and aggressively by people with claims against “peripheral insureds,” such as contractors that worked on projects where asbestos was used.
As some of these lawsuits succeed in courts across the country, it fuels new suits by aggressive plaintiffs’ lawyers and compounds the problem for insurers trying to understand their exposure.
The disconnect between a waning disease and flourishing claims also exposes a flaw endemic to insurers. When th
Jul 24
Aetna’s chief medical officer did not mince words when he addressed a group of industry stakeholders yesterday at a White House roundtable. “The delivery and coordination of health care services in America must change,” said Lonny Reisman, M.D., Aetna’s chief medical officer. As part of a White House Business Council and Business Forward’s Roundtable Discussion on health information technology issues, Dr. Reisman encouraged further, rapid innovation in the development of health technology.
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