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Life insurers brace for ASIC report
2014-10-06 13:14:23| Automakers - Topix.net
Australia's biggest life insurers are bracing ahead of the release of a report from the corporate watchdog, slated for release this week. It is expected to be damning of the exorbitant commission fees the industry offers financial planners to sign customers up to their policies.
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report
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brace
Insurers, after White House meeting, emerged worried about more 'extreme weather' events
2014-09-25 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
ClimateWire: Five insurance trade groups are promoting stronger building decisions to help counter a sharp rise in losses from extreme weather, prompted by a meeting on climate change between senior White House officials and industry leaders in June. The groups, whose memberships represent a large share of U.S. insurance companies, released a position statement yesterday that expresses their concern about climbing damage from weather events like hurricanes, floods, downpours and wildfires. It does not mention...
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meeting
More health insurers offer Affordable Care Act plans
2014-09-24 12:04:13| Beverages - Topix.net
There will be 63 more issuers offering plans across 44 states next year, Health Secretary Sylvia Burwell announced Tuesday. That's a 25% increase from this year.
Do Self-Driving Cars Spell Doom for Auto Insurers?
2014-09-13 04:50:52| AutomotiveDigest.com - Automotive Industry News
The self-driving car seems like a terrible drivers dream: no steering wheel to control, no trouble parallel parking, no concerns about having a couple of beers on the way home from work. But the removal of fallible human drivers might create havoc for auto insurers. Human error accounts for 90 percent of road accidents, according to the International Organization for Road Accident Prevention, and our collective failure rate helps the auto insurance industry rake in a cool $157 billion in premiums each year. So if self-driving cars eliminate all those driver mistakes, the business of insuring vehicles will necessarily change as well. READ MORE about likely changes The Article Do Self-Driving Cars Spell Doom for Auto Insurers? appeared first on Automotive Digest.
Insurer's "Reservation of Rights" Creates a Conflict of...
2014-09-03 02:13:59| Furniture - Topix.net
In a case that has been widely watched by Minnesota insureds and insurers alike, a federal district court ruled Tuesday that an insurer's "reservation of rights" letter created a conflict of interest, thereby permitting the policyholder to retain independent counsel, whose fees must be paid for by the insurer Select Comfort Corp. v.
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rights
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