Patterns of medical billing errors and coverage denials appear to be pervasive among Americans enrolled in health insurance coverage. A new report published by The Commonwealth Fund has revealed that within the last year, 45% of insured adults received a medical bill for a service they believed to be covered by their insurance.1 Even when
Main takeaway: Prudential turned a big corner in the second quarter with robust sales of its FlexGuard flagship annuity boosting revenues. The insurer continued an evolution that began several years ago to remake its product offerings and shift away from market sensitive products. During the first quarter, Prudential cut ties with its money-losing Assurance IQ
Independent specialist re/insurance broker Miller has appointed Edward Cheak as Head of Credit and Political Risk Insurance (Asia). According to the firm, Cheak’s appointment comes as it continues the expansion of its presence and offerings in various Asian markets. Based in Miller’s Singapore office, Cheak begins his new role on 1st August, working closely with
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FORT MYERS, FLORIDA – OCTOBER 2022: A sign is stuck in a pile of home furnishings that reads ‘please … [+] don’t take anything insurance must document you loot I shoot’. ( (Photo by Joe Raedle/Getty Images) Getty Images The economic losses from natural disasters in 2023 were staggering, with only 31% of these losses
The Texas Windstorm Insurance Association will vote on whether to raise the windstorm insurance rate by 10% at a board meeting next Tuesday, Aug. 6, and members of the United Corpus Christi Chamber of Commerce, along with state Rep. Todd Hunter and Coastal Bend school district and economic development officials have come together in opposition.
BlueCross BlueShield of Vermont − the largest health insurer in Vermont with a 66% market share − is threatened with insolvency because of its declining reserves, according to a state regulator. Kevin Gaffney, commissioner of the Vermont Department of Financial Regulation, said Friday he’s confident BCBSVT will remain solvent, which is his department’s responsibility to
Travel insurance startup Faye announced it has raised $31 million in Series B funding, bringing the company’s total funding to $49 million. The round was led by Portage, a global investment platform, along with contributions from Lumir Ventures, F2 Venture Capital, Viola Ventures and Munich Re Ventures, which also led the company’s Series A funding
NewsVoir Gurgaon (Haryana) [India], July 30: BajajCapital Insurance is proud to announce the launch of its new Pet Insurance segment, available now on BajajCapitalInsurance.com. With this addition, pet parents can now compare policies for their beloved dogs, ensuring their furry companions receive the same peace of mind they provide to their owners. This innovative product
MODESTO — A San Joaquin County woman said her home insurance company of nearly 40 years abruptly canceled her coverage over what it spotted from a drone’s view high above her property. Joan Van Kuren of Modesto reached out to CBS13 and the Call Kurtis consumer investigative team to look into it. For more than