On Oct. 1, 2015, many of the insurance industry’s clients took on a lot more risk, and may not even know it. The Payment Card Industry, PCI, which is the self-regulating organization that oversees everyone that accepts or issues payment cards, set the date of Oct. 1, for point-of-sale machines to begin accepting “chip cards.”
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FRANKFORT, Ky. — The 9-year-old Kentucky girl calls the woman “nommy” and bears her middle and last name. They lived in the same household until the girl was 4, and “nommy” once carried the child on her insurance plan. Continue reading
A $48 billion deal that would create the nation’s largest health insurer inched closer to completion after shareholders of both Anthem and Cigna voted in favor of a buyout. Continue reading
WASHINGTON — Health spending in the United States last year topped $3 trillion — an average of $9,500 a person — as five years of exceptionally slow growth gave way to the Affordable Care Act’s expansion of Medicaid and private insurance coverage, and as prescription drug prices resumed their sharp climbs, the government said Wednesday. Continue reading
Executives from 15 auto companies met with U.S. Transportation Secretary Anthony Foxx Tuesday to discuss specific industrywide actions that can improve safety and prevent cars from being hacked.
The meeting was convened after record numbers of cars have been recalled in the last several years, Namrata Kolachalam, the Transportation Department’s press secretary, said in an e-mailed statement. Continue reading
Small businesses report that the cost of benefits is the number one operating challenge, and close to 90 percent of employers are prepared for insurance costs to rise each year. These facts suggest that a way to offer health insurance without concern about rising costs can be a huge benefit to any business – regardless of the size. Continue reading
Many states across the country are unprepared to face the risks posed extreme heat, drought, wildfires, inland flooding, coastal flooding and other extreme weather events, according to a new report card.
Only a small number of states – Alaska, California, Connecticut, Massachusetts, Maryland, New York and Pennsylvania – have taken strong action to prepare for future risks across the threats they face, according to the report card. Continue reading
More than half (56 percent) of the 1,135 drivers participating in an Insurance Research Council (IRC) public opinion survey said they have made changes in how they drive since installing a telematics device provided by their insurance company in their primary vehicle. Continue reading
