Berkshire said Goodyear claimed to have in 2008 exhausted a policy from another insurer for the asbestos claims, but waited until November 2015 to seek reimbursement from Berkshire for "several millions of dollars" under an "excess" policy. It also said Goodyear had never asked for help in defending against the claims prior to November 2015. About 62,000 claims are pending against Goodyear in states including Florida, Maryland, New York, Pennsylvania and Texas over alleged exposure to asbestos-containing products as floor tiles, furnace hoses, gaskets and heat shields, Berkshire said. Many... Read more
Ronnie Ball said he learned about the situation when he went to a scheduled doctors appointment to get a report from lab work that had been done earlier. Ball, who has coverage through the Blue Cross Medicare Advantage PPO plan, said he learned after he arrived his insurance would not be accepted because his physician was no longer considered an in-network provider as a result of the Saint Francis-EASTAR deal. That leaves me ... without a local hospital to go to unless I want to risk paying out-of-network costs or maybe having to pay 100 percent of the costs, Ball said. I wonder what was behind... Read more
Under this year's contract, the county's insurance costs are going up 8 percent. Durby said there are no other significant changes. The county's insurance plan is under the Iowa Governmental Health Care Plan, a trust with other counties, school districts and cities who receive insurance coverage through Wellmark. In 2014 the Iowa Insurance Division began investigating allegations that Two Rivers was overcharging IGHCP clients for administrative fees and not fully disclosing those fees. Two Rivers representative Denise Ballard told the Winnebago supervisors this week the investigation is nearly... Read more
Read More Devoted dog owner takes pooch to vets by HELICOPTER in desperate bid to keep her alive Rebecca Hollingsworth, general insurance policy adviser at the ABI, said: Last years record levels of pet claims shows that owing a pet can not only be very rewarding, but also very costly. There is no NHS for pets, and the cost of getting quality veterinary treatment can quickly run into thousands of pounds. Before buying a pet research the breed you are considering, as some are prone to medical conditions that can cost a small fortune to treat. If you do take out insurance dont opt for a 12-month... Read more
U.S. claims involving bedbugs increased 50% between 2014 and 2015, from 66 to 99, according to Allianz. The insurer has already counted 70 bedbug claims through September 2016, heading for a total that could surpass the previous year's, said Larry Crotser, the chief claims officer for the insurer's Allianz Global Corporate & Specialty unit. The findings were included in a global report by the Allianz unit , which analyzed more than 100,000 corporate liability claims from roughly 100 countries paid by Allianz and other insurers between 2011 and 2016, totaling $9.3 billion. The claims involved... Read more
While some dogs are less likely to bite than others insurance companies say never assume your dog will never bite. "More than half of all dog bites occur to small children," explained Kenton Brine of the Northwest Insurance Council. Small kids are the most common dog bite victims because children can't always tell when it's not okay to play or pet. Seniors are also vulnerable. Other common dog bite situation include accidents outside the home where people are walking their dog and the animal either injures another dog or a person. Delivery people and strangers approaching the home are also... Read more
The contractors submit inflated repair bills, then file suit when insurers deny or underpay them. Typically the insurers settle for some amount over the invoice, enabling contractors to recover all legal fees billed for the litigation. And those fees mount: Lawsuits tied to assignments of benefits have increased from about 400 in 2006 to more than 28,000 by 2016, state Insurance Commissioner David Altmaier has told legislative committees debating the issue. Seventy-three percent of rate requests by insurance companies filed with the Office of Insurance Regulation last year were approved for... Read more
Slightly fewer than seven percent were more than $10 million, with an average payout of $22 million. The bigger and more complicated a deal is, the more likely there is an unknown liability lingering, said Mary Duffy, global head of M&A Insurance, AIG. We are paying sizable claims, sometimes writing eight-figure checks in different geographies. CLAIMS FREQUENCY Therewas a seven-point jump in the claims count from policies written in the 2011 to 2014 period (to 21 percent) compared to the prior year study. R&W policies have potential claims tails as long as seven years, which means policies... Read more
Obamacare also says insurers can only use four basic factors, such asage and geographical location, to determine rates for premiums and deductibles. AHCA specifically addresses states abilities to get a waiver so that health status is no longer protected from underwriting, according to a House Energy and Commerce aide. But other protections remain in place including for mental conditions and conditions relating to acts of domestic violence and are still protected from being incorporated into insurance underwriting, according to the aide. States and the Secretary of Health and Human Services... Read more
Registering an insurance plan claim file often comes after a stressful situation in your daily life. And so, the very last action you really need is a battle with your insurance provider to oblige it to make a settlement. But, individuals may utilise actions at every
loss assessors stage in the process to really help ensure your family obtain complete satisfaction.
Despite the fact that the process might be complicated as well as time consuming, you have to find out how you can manage the home insurance coverage claim system properly, if you need to be reimbursed for your losses.
A... Read more