Since its founding in 1889, the Insurance Advocate® has been the magazine that covers the people and issues affecting the insurance industry in New York, New Jersey, Eastern Pennsylvania, Connecticut and beyond.
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Insurance News
Iredell Mammography Fund Brings Relief to Those Without Insurance
Advocate, In The News, Insurance
Diane Alsop dodged a scare two years ago when an anomaly in her mammogram was determined to not be breast cancer. But that anomaly, diagnosed as atypical hyperplasia, a precancerous condition, wouldn’t have been detected without a mammogram. And Alsop, with no health insurance, would not have received that potentially life-saving test without a fund […]
Only one in eight EBR residents have flood insurance, meaning many will likely bear brunt of losses
Flood, In The News, Insurance, Insurance Advocate
Only about one in eight businesses and residences in East Baton Rouge Parish is covered by flood insurance, a reality that is sure to take a financial toll on those living in the vast swaths of neighborhoods that flooded during this weekend’s storms. The figure is higher in Livingston Parish, where 22 percent of structures […]
N.Y. Dept. of Financial Services Issues Guidance on Health Insurance Parity
Advocate, In The News, Insurance, N.Y. Dept. of Financial Services, New York
The Department of Financial Services (DFS) issued a letter of guidance on parity on Wednesday, informing insurers of their responsibility to provide the same level of coverage for mental health and substance use disorders as for medical or surgical care. “This administration will have zero tolerance for insurance companies that seek to shirk their obligations […]
Fitch: U.S. Commercial Insurance Market Performance Heading Downward
Underwriting performance for the commercial lines sector of the U.S. property/casualty (P/C) insurance industry is likely to deteriorate in 2016, according to a new report from Fitch Ratings. The decline follows a three-year underwriting profit for the industry with a combined ratio of approximately 94% in each of the last three years (2013-2015). “Catastrophe losses below historical norms contributed to strong 2015 […]
