Ian hit Cape Cayo at 155 m.p.h. Wallop. Too late to start thinking. Too late for “feel good” plans. In a flash, first responders and insurers were hit with tidal waves that have yet to subside. But in Ian’s wake, there has been time to reflect for real on the insurance industry’s performance, its readiness […]
What’s Known And Unknown About Consumer Data Collected And Used By Insurers An investigation of telematics, or usage-based, auto insurance programs by Consumer Reports (CR) reveals that auto insurers collect substantial amounts of information to calculate insurance premiums for participants as well as data that may be used for other purposes. This scale of data […]
Advocate, healthcare, Insurance, subsidies
A few days ago, I was studying a medical diagram in a coffee shop when a man in his mid-40s walked in. His face was red, he was sweating, he looked upset. “Please, can anyone help me?” he asked. “My daughter is at Children’s Hospital for seizures and she needs medicine. My credit card is maxed out. […]
Advocate, Flood, hurricane, In The News, Insurance
RALEIGH, N.C. (WAVY) – Governor Pat McCrory offered advice to Hurricane Matthew victims filing out insurance claims in a press release on Saturday. Gov. McCrory urges those impacted by the storm to register with FEMA and make contact with their insurance company to assess damage. The governor offers the following tips to Hurricane Matthew survivors […]
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 […]
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 […]
Syracuse, New York, Aug. 4, 2016 — The Independent Insurance Agents of Central New York, Inc. (IIACNY) announced today that it will donate $20,000 to 17 Central New York charities. The donations continue a decade-long tradition of the insurance group giving back to the community. The funds were raised during IIACNY’s annual golf outing, held […]
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 […]
hurricane, Insurance, Insurance Advocate, Magazine, summer
Bonnie, the tropical storm that drenched the Carolinas over Memorial Day weekend, did not reach hurricane status. But that storm, and the official start of the 2016 hurricane season on Wednesday, make this a good time for homeowners to check their insurance policies to see what is covered if a big storm hits. In coastal […]
Advocate, Insurance, Insurance Advocate, New York State Department of Financial Services
The New York State Department of Financial Services may soon begin coming up with recommendations for what, if anything, the state should do about private long-term care insurance. The state Senate and the state Assembly have both approved S. 6802, a bill introduced by state Sen. James Seward, R-Cooperstown, that calls for the department to develop […]
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