The role of health insurance agents under the new federal healthcare law is under review, again, by state and federal policymakers. Illinois Insurance Director Michael McRaith says the law’s medical loss ratio (MLR) requirement that insurers must spend 80 to …
A wave of new product offerings is jeopardizing the property/casualty insurance industry’s image as uncool. Since the beginning of the year, dozens of property/casualty insurers have announced innovative protections for risks involving new technologies, current economic concerns, personal and family …
There are alternatives to the controversial federal government mandate that requires almost everyone to purchase health insurance, although experts are divided over how effective the alternatives might be in helping to expand coverage to the more than 50 million uninsured …
Lawyers for a majority of the 15 insurance company and broker defendants in a long-running suit accusing them of bid-rigging are scheduled to be in court today outlining a proposed settlement that will cost them about $36.7 million. The antitrust …
A group of Florida homeowners could see a double-digit increase in their property premiums if regulators go along with their insurer’s rate request. Florida regulators are holding a public hearing today to consider the First Community Insurance Co.’s request that …
A Republican draft of legislation to reform the federal flood insurance program would renew the program for five years, phase out most rate subsidies, tie coverage limits to the rate of inflation, vary the deductible by how subsidized the premium …
IBM wasted no time in parlaying the winning performance of its artificially intelligent Watson on the TV game show “Jeopardy!” into real business. The company recently announced a deal to commercialize Watson’s capabilities by developing a system to help doctors …
Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance for its own directors. Warren Buffett, the 80-year-old chairman of Berkshire Hathaway and billionaire investor, issued his annual letter to …
IBM wasted no time in parlaying the winning performance of its artificially intelligent Watson on the TV game show “Jeopardy!” into real business. The company recently announced a deal to commercialize Watson’s capabilities by developing a system to help doctors …
Progressive has begun national advertising for its “Pay-As-You-Drive” program, Snapshot, which offers drivers discounts of as much as 30 percent based on real-time analysis of their driving habits. Over the past few years Progressive has been refining its “Pay-As-You-Drive” program, …
