Paid Life Insurance

D&O Insurance: "Disgorgement" Paid in SEC Settlement Held Not Covered

From The D & O Diary, 1 month ago, Read 0 times. Similar articles

Carriers generally contend that??insurance does not cover amounts that represent “disgorgement” or that are “restitutionary” in nature. But what makes a particular payment a “disgorgement”? ?In a December 13, 2011 opinion (here), the New York Supreme Court, Appellate Department, First Division, held that amounts Bear Stearns paid in settlement of SEC late trading and market timing ?allegations represented a disgorgement that is not covered... Read more

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Join me for RIMS 2012 Annual Conference & Exhibition in Philadelphia!

From Corporate Insurance Blog, 1 month ago, Read 0 times. Similar articles

Looking for a fantastic seminar devoted to risk and insurance' ?Are you a risk manager' ?Are you part of the insurance industry' ?Are you someone who helps companies get their claims covered and paid (that’s me! that’s me!)? Of course, then, you want to attend a risk management seminar with “no boundaries.” ?Well, look no [...] Read more

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Do You Have A Second Addressee For Your Life Insurance Bill'

From Ed Hinerman on Life Insurance, 1 month ago, Read 0 times. Similar articles

Did you know that you have the right to name a second person to receive bills and notices for your life insurance policy' I have no idea what the number really is, but I am betting the number of death benefits that aren’t paid every year due to a policy lapsing accidentally is significant. This is an issue that can pop up in a number of ways. A husband can have a policy that he doesn’t tell his wife about (yes, guys do that) and he can decide to balance his budget... Read more

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New Rules for Certificates

From Risk(y) Business , 2 month ago, Read 0 times. Similar articles

Accord changed the certificates in 2010 and most agents have put the new certs in play. The new certs however?are causing agents and brokers a whole lot of extra work and frustrating clients. In the old days agents were amending certs to satisfy their clients contractual demands. Most of the time the request for the certs and the policy changes came after the client had already signed the contracts and needed the cert to get paid. Now most state jurisdictions do not allow agents to change... Read more

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Are Comp Rates Finally Trending Upward'

From Workers Comp Insider, 3 month ago, Read 0 times. Similar articles

For over a decade, workers comp insurers have watched profit margins erode, as rates in many states continue their precipitous fall. The mismatch between premiums collected and losses paid out has reached alarming levels, with a projected combined ratio of 121.5 percent for the current year. Even in the best of times for investments, making up 21 percent against losses... Read more

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Obama Health Care drops Long Term Coverage

From Risk(y) Business , 3 month ago, Read 0 times. Similar articles

The long term health care provision in the Obama health care law was dropped by congress the other day. No doubt the reason was the numbers. The private LTC market is reeling already because actuarially it has been hard to get a handle on the right premiums to charge. This product is a coverage that needs to be paid into for sometime to work. Under the Federal health care LTC would become an onerous burden on tax payers because actuarially it doesn't hold up and most likely would bust the... Read more

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Aviva enhances critical illness coverage

From Insurance Daily , 3 month ago, Read 0 times. Similar articles

Health insurer Aviva has announced that it is enhancing its critical illness coverage with the addition of new conditions. With effect from today, new critical illness customers will be eligible for partial payments for two forms of early cancer, namely low grade prostate cancer and ductal carcinoma in situ, an early form of breast cancer, for which a lump sum of up to £20,000 may be paid out. The partial payments form an additional benefit, separate from the main policy, meaning that critical... Read more

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Ask the expert: Kennel Club pet insurance paid £6,000 but I can't afford the premium

From Pet Insurance Discount, 3 month ago, Read 0 times. Similar articles

Lois contacted me after successfully claiming £6,000 for her puppy’s treatment. However, she can’t afford the monthly premium which has almost doubled. Hi, I have a lab puppy who’s nearly 2. He has a rare condition which I found out about a week after getting him when he was only 11 weeks old. Last year [...]Ask the expert: Kennel Club pet insurance paid £6,000 but I can’t afford the premium is a post from: Pet Insurance Discount Read more

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Does opting out of Medicare follow the physician'

From Reed Tinsley, 3 month ago, Read 0 times. Similar articles

The opting out of Medicare by a physician applies to all items or services the physician or practitioner furnishes to Medicare beneficiaries regardless of the location where such items or services are furnished. When a physician/practitioner opts out and is a member of a group practice or otherwise reassigns his rights to Medicare payment to an organization, the organization may no longer bill Medicare or be paid by Medicare for services that the physician or practitioner furnishes to Medicare... Read more

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Insurance Companies Earnings Getting Walloped

From Risk(y) Business , 3 month ago, Read 0 times. Similar articles

Well, what now insurance companies' Rates have been so low for so long and underwriting has not really been underwriting, that sooner or later the piper had to be paid.. Well the piper has started to collect as insurers earnings have decreased signifigantly and combined ratios are climbing. The industry has used Wall Street and timing of claim payouts to make up for under priced insurance. However this cannot save the companies this time and underwriting discipline has to come back in... Read more

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