Trump Administration, HHS and States Sign On With Insurers to Help Sickest Patients

Trump Administration, HHS and States Sign On  With Insurers to Help Sickest Patients

As congressional Republicans’ efforts to repeal and replace the Affordable Care Act remain in limbo, the Trump administration and some states are taking steps to help insurers cover the cost of their sickest patients, a move that industry analysts say is critical to keeping premiums affordable for plans sold on the law’s online marketplaces in 2018. This fix is a well-known insurance industry practice called reinsurance. Claims above a certain amount would be paid by the…

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Information Security Key to Success and Customer Confidence for Insurtechs Like LifeQuotes

Information Security Key to Success and Customer Confidence for Insurtechs Like LifeQuotes

SOC 2 is a certification established by the American Institute of Certified Public Accountants (AICPA) to evaluate companies regarding their Trust Services Principles and Criteria. The process involves testing companies for security, availability, processing integrity, confidentiality and the privacy of their data management systems. It’s become an industry standard for cloud-based technology companies and the certification is held by such tech heavy-hitters as Amazon Web Services and Google, and it validates the security of their…

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Specialty Life Insurance Is Needed For Those With Risky Jobs

Specialty Life Insurance Is Needed For Those With Risky Jobs

If danger is part of your job, then you might want to buy insurance to decrease how risky your life is. We’re not talking about signing up for a basic insurance policy work provides, then skipping along to your hazardous occupation. We’re talking about contacting a high-risk specialist, and buying some individual life insurance and disability insurance to protect your family if you die before winning employee of the month.

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How To Find An Old Or Lost Life Insurance Policy Online

How To Find An Old Or Lost Life Insurance Policy Online

We’re certain these practical tips will help you find an old or lost life insurance policy online: You need to find out if someone you loved who’s passed on had a life insurance policy. Their house is a mess, financial records are lost in a garage or gathering dust in an attic and you’re already stressed beyond belief. It would be nice if you could find out if they were covered with life insurance, but…

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Insurance Consumers Score Big With NAIC Life Insurance Policy Locator

Insurance Consumers Score Big With NAIC Life Insurance Policy Locator

One of the dark secrets of the life insurance industry is exactly how often policy payouts go unclaimed, but now the National Association of Insurance Commissioners have developed a tool to help the benefits from those forgotten policies find their rightful homes. With their new Life Insurance Policy Locator, the NAIC is serving U.S. consumers as part of an effort by state insurance regulators aimed at reducing the number of unclaimed life insurance benefits. The consumer…

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To Make Gen X and Millennials Happy, Healthcare Reform Better Look Like Obamacare

To Make Gen X and Millennials Happy, Healthcare Reform Better Look Like Obamacare

A recent survey from GenForward says younger Americans want the latest in health care reform to look like, well, Obamacare does now. With the exception of one feature, the requirement that they’ll have to purchase health insurance or pay a fine, Americans seem to prefer the setup of the Affordable Care Act to plans proposed by President Donald Trump and Speaker of the House Paul Ryan. The GenForward poll indicates that the majority of respondents…

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Cellphone Tower Data and One Woman’s Insurance Claim Nightmare

Cellphone Tower Data and One Woman’s Insurance Claim Nightmare

Jaclyn Bentley went through insurance claim hell, and it was Big Brother – in the form of cellphone tower data – that sent her across the River Styx. It took Bentley almost three years to prove she wasn’t responsible for burning down her house to collect on her insurance policy, and the allegations arose from her insurer analyzing cellphone tower data to disprove her claim. According to Bentley, as she and her husband were camping…

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Be Insurance Ready for Insane Spring Weather

Be Insurance Ready for Insane Spring Weather

A recent study found that less than 22 percent of homeowners view changing weather events or disaster preparedness as factors when they update their homeowner’s insurance policy. The study from the National Association of Insurance Commissioners (NAIC) found that, with disaster-level events on the rise, that more than 800 emergency or disaster declarations were made in the United States from 2005-20152. Those events resulted in an average of $24 billion in annual insured losses. The…

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