From the monthly archives: August 2017
With the recent natural disaster, Hurricane Harvey, and the amount of heavy rainfall and flooding, many are left to wonder if they will be covered by flood insurance for the damage caused to their homes on the Gulf Coast. Majority of homeowner’s insurance policies, however, DO NOT cover damage caused by flooding. Flood insurance was a very difficult coverage to get before the National Flood Insurance Program, NFIP, was enacted in 1963. Specific communities can participate in the NFIP as a separate policy for your home. Continue reading
Farmers Insurance is asking a court to block a California review of its auto insurance rates from 2008 on.
Farmers’ rates are being challenged by consumers in a separate case. In a lawsuit against the California Department of Insurance, the company argued in a lawsuit that the department’s plan to review its rates is “unlawful under applicable law and current facts.” Continue reading
With so many eyes on claims files, it’s no wonder documentation is a touchy subject for adjusters. Claims files are reviewed by auditors, supervisors, bad faith attorneys and others passing judgment often months or years after the fact, according to Kevin Quinley, founder and principal of Quinley Risk Associates. Continue reading
The Reflections treatment center looked like just the place for Michelle Holley’s youngest daughter to kick heroin. Instead, as with dozens of other Florida substance abuse treatment facilities, the owner was more interested in defrauding insurance companies by keeping addicts hooked, her family says. Continue reading
With a shift in Healthcare laws it is no wonder that Professional Liability “Medical Mal-Practice” insurance is changing as well. Over the past several years subtle changes in the healthcare industry have begun to relate to physician’s Professional Liability needs. With the increase in “E-visits”, a decrease in hospital stays, and of course the ever-evolving idea of healthcare reform, it is interesting that little is talked about when it comes to Professional Liability insurance needs for physicians. Continue reading
A health care reimbursement plan, in a general sense, is defined as a health benefit Health care reimbursement plan – What is it?where employees are reimbursed by their company for their medical expenses. This differs from traditional benefits chiefly because the company makes a benefit allowance available, instead of choosing and administering a health insurance policy. Continue reading
A survey conducted by risk and insurance adviser Ames & Gough has found that the number of malpractice claims in recent years has remained relatively constant – although legal defense costs, claimed damages, and settlement sums continue to mount. Continue reading
Some of the most popular industrial and consumer robots are dangerously easy to hack and could be turned into bugging devices or weapons, IOActive Inc. said.
The Seattle-based cybersecurity firm found major security flaws in industrial models sold by Universal Robots, a division of U.S. technology company Teradyne Inc. It also cited issues with consumer robots Pepper and NAO, which are manufactured by Japan’s Softbank Group Corp., and the Alpha 1 and Alpha 2 made by China-based UBTech Robotics. Continue reading
