Posts by: Capstone Brokerage
Though the number of physician dispensed prescriptions has declined considerably from just a few years ago, the workers’ compensation industry continues to battle a market seeking to maintain high prices by changing drug strength and formulations.
The impact of physician dispensed pharmaceuticals and drug compounding on workers’ compensation systems nationwide was highlighted recently during a session hosted by the National Conference of Insurance Legislators’ (NCOIL) Workers’ Compensation Insurance Committee at its annual meeting in Phoenix. Continue reading
Insurance industry companies seeking to attract young professionals to the sector need to create work environments that welcome diversity or risk losing talent to competitors, a panel of experts said. Continue reading
Nearly a quarter (23 percent) of America’s small business owners believe workers’ compensation carriers could improve their customer service if they offered more online or self-service tools. Better communication and faster claims resolution also topped the list of small businesses’ desired improvements business, according to the survey by small business insurer EMPLOYERS.
The survey of 500 small businesses found that 67 percent of small business owners are “extremely likely or somewhat likely” to use a self-service online portal from their workers’ compensation carrier to review policy information, make policy changes or make payments. Continue reading
Despite the Trump administration’s efforts to scale back the health law, about 300,000 more people have signed up for health insurance in the Affordable Care Act marketplaces in the first weeks of this enrollment period than last year. Continue reading
Cyber can be a difficult sell for brokers targeting small and medium-sized businesses.
But what if the cyber products were geared specifically towards the industries you were selling to – making it easier for insurance buyers to understand? Continue reading
Evolving ransomware risks remain a significant concern for the cyber insurance market, while environmental insurers are carefully monitoring developing mold claims. Continue reading
It’s open enrollment season for Affordable Care Act marketplace plans, Medicare Advantage plans and many employer-sponsored plans as well. Lots of evidence suggests you should shop around, and shop carefully, though this is harder than it sounds. Continue reading
Recent high profile data breaches are leaving many consumers wondering how they protect not only their bank accounts, but their investments, from hacks and losing it all.
“Retirement and brokerage accounts can be hacked and they are especially attractive to criminals that are willing to work diligently to attempt to cash out a 401(k) or to perform unauthorized stock trades,” says John Buzzard, industry fraud specialist at Co-op Financial Services, a Los Angeles-based financial technology company. Continue reading
