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Klickitat County Fraud Suspect Pleads Guilty

Original source: https://www.insurance.wa.gov/news/klickitat-county-fraud-suspect-pleads-guilty

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Washington State Office of the Insurance Commissioner (05/10/19)

After an investigation by Washington state Insurance Commissioner Mike Kreidler’s Criminal Investigations Unit (CIU), Kim-Ramil Contreras Montaniel Held Accountable in Klickitat County Superior Court May 6 to one count of filing a false insurance claim.

He had been sentenced to 30 days in confinement, that had been converted to 240 hours community service, and ordered to pay $600 in court charges. Using submitting a false insurance claim, Montaniel in July 2018 charged. According to the evaluation, Montaniel was at January 2018 in a collision with his 2017 Nissan Rogue, and then he purchased a Progressive car insurance policy and filed a claim. The auto body shop repair quote was dated before the insurance policy was purchased by him. Progressive referred the situation and denied the claim…. Read More

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Original source: https://www.insurance.wa.gov/news/klickitat-county-fraud-suspect-pleads-guilty

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Washington State Office of the Insurance Commissioner (05/10/19)

After an investigation by Washington state Insurance Commissioner Mike Kreidler’s Criminal Investigations Unit (CIU), Kim-Ramil Contreras Montaniel Held Accountable in Klickitat County Superior Court May 6 to one count of filing a false insurance claim.

He had been sentenced to 30 days in confinement, that had been converted to 240 hours community service, and ordered to pay $600 in court charges. Using submitting a false insurance claim, Montaniel in July 2018 charged. According to the evaluation, Montaniel was at January 2018 in a collision with his 2017 Nissan Rogue, and then he purchased a Progressive car insurance policy and filed a claim. The auto body shop repair quote was dated before the insurance policy was purchased by him. Progressive referred the situation and denied the claim…. Read More

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ACA Consumers in Maryland Could See Insurance Premiums Drop Next Year

Original source: https://www.baltimoresun.com/health/bs-hs-obamacare-rate-requests-down-20190510-story.html

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Baltimore Sun (05/10/19) Cohn, Meredith

Many people who buy their medical insurance through Maryland’s exchange could observe premiums fall next year according to rate requests the nation’s two carriers filed May 10. Maryland Insurance Commissioner Al Redmer, Jr., states,”The first indication is that the reinsurance program created annually from the legislature and the Senate had its intended impact, and we’re seeing additional stability in the marketplace for this.” The Maryland Insurance Administration determine whether they have to be raised or lowered to reflect the cost of coverage and has to review the fee requests. Premiums will be set by mid-September, and a public hearing is planned for July. Earlier in 2019, state leaders extended a tax on motor insurance carriers initiated that funding a pool of money to help their claims that were greatest are covered by insurers. Associated Story: Baltimore Business Journal (registration)… Read More

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Original source: https://www.baltimoresun.com/health/bs-hs-obamacare-rate-requests-down-20190510-story.html

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Baltimore Sun (05/10/19) Cohn, Meredith

Many people who buy their medical insurance through Maryland’s exchange could observe premiums fall next year according to rate requests the nation’s two carriers filed May 10. Maryland Insurance Commissioner Al Redmer, Jr., states,”The first indication is that the reinsurance program created annually from the legislature and the Senate had its intended impact, and we’re seeing additional stability in the marketplace for this.” The Maryland Insurance Administration determine whether they have to be raised or lowered to reflect the cost of coverage and has to review the fee requests. Premiums will be set by mid-September, and a public hearing is planned for July. Earlier in 2019, state leaders extended a tax on motor insurance carriers initiated that funding a pool of money to help their claims that were greatest are covered by insurers. Associated Story: Baltimore Business Journal (registration)… Read More

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Opinion: Hurricane Season Is Coming! Are You Insured?

Original source: https://www.houstonchronicle.com/opinion/outlook/article/Hurricane-season-is-coming-Are-you-insured-13836966.php

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“I presume that this week’s heavy rains will likely be reminder to us all: Houstonians need flood insurance,” he states. “After most significant flooding, a surge of people buy flood coverage while the tales are fresh on our minds — dreadful water harm, households forced to move out of uninhabitable houses, or homeowners carrying out repair loans the size of another mortgage. But that spike in flood coverage does not last long. Individuals begin letting those policies , Since the stories disappear from the front page. I wish to see Texas alter that trend.” Hurricane season begins June 1 and flooding policies include a waiting period before coverage starts. “In case you don’t have flood insurance, then the time is now,” warns Sullivan…. Read More

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Original source: https://www.houstonchronicle.com/opinion/outlook/article/Hurricane-season-is-coming-Are-you-insured-13836966.php

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“I presume that this week’s heavy rains will likely be reminder to us all: Houstonians need flood insurance,” he states. “After most significant flooding, a surge of people buy flood coverage while the tales are fresh on our minds — dreadful water harm, households forced to move out of uninhabitable houses, or homeowners carrying out repair loans the size of another mortgage. But that spike in flood coverage does not last long. Individuals begin letting those policies , Since the stories disappear from the front page. I wish to see Texas alter that trend.” Hurricane season begins June 1 and flooding policies include a waiting period before coverage starts. “In case you don’t have flood insurance, then the time is now,” warns Sullivan…. Read More

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Commissioner Calls on Congress to Extend National Flood Insurance Program

Original source: https://www.yallpolitics.com/2019/05/10/chaney-calls-on-congress-to-extend-national-flood-insurance-program/

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Y’all Politics (05/10/19) Ulmer, Sarah

On May 10, the U.S. House introduced H.R. 2578, Also an standalone bill to extend the National Flood Insurance Program (NFIP).

Mississippi Insurance Commissioner Mike Chaney says action is needed, especially as hurricane season starts on June 1. Together with the support of the Mississippi delegationhe states,”What I need is to get private enterprise to be able to compose policies in contest with the federal government and provide the same policy the national government supplies. That’s the answer right there, even more individuals. This activity lowers prices, and people can afford to buy flood insurance. If we’re not careful, no one will be able to afford insurance since the rates will be so significant.” The Mississippi Insurance Department encourages all taxpayers to find out their flood insurance should guard home and their houses…. Read More

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Original source: https://www.yallpolitics.com/2019/05/10/chaney-calls-on-congress-to-extend-national-flood-insurance-program/

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Y’all Politics (05/10/19) Ulmer, Sarah

On May 10, the U.S. House introduced H.R. 2578, Also an standalone bill to extend the National Flood Insurance Program (NFIP).

Mississippi Insurance Commissioner Mike Chaney says action is needed, especially as hurricane season starts on June 1. Together with the support of the Mississippi delegationhe states,”What I need is to get private enterprise to be able to compose policies in contest with the federal government and provide the same policy the national government supplies. That’s the answer right there, even more individuals. This activity lowers prices, and people can afford to buy flood insurance. If we’re not careful, no one will be able to afford insurance since the rates will be so significant.” The Mississippi Insurance Department encourages all taxpayers to find out their flood insurance should guard home and their houses…. Read More

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House Approves $17B Disaster Aid Bill Over President's Opposition on Puerto Rico

Original source: https://thehill.com/homenews/house/443093-house-approves-17b-disaster-aid-bill-over-trump-opposition-on-puerto-rico

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The Hill (05/10/19) Brufke, Juliegrace

The U.S. House passed a $17.2 billion additional emergency relief package May 10, despite opposition by President Donald Trump. He urged Republicans to vote against the measure, that calls for an extension of the National Flood Insurance Program through Sept. 30 and supplies aid to both Puerto Rico and also U.S. states impacted by flooding and other disasters. A disagreement over financing is emerging from the Senate. Related Stories: National Review; UPI; Bloomberg Environment; KHGI-TV; Insurance Journal… Read More

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Original source: https://thehill.com/homenews/house/443093-house-approves-17b-disaster-aid-bill-over-trump-opposition-on-puerto-rico

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The Hill (05/10/19) Brufke, Juliegrace

The U.S. House passed a $17.2 billion additional emergency relief package May 10, despite opposition by President Donald Trump. He urged Republicans to vote against the measure, that calls for an extension of the National Flood Insurance Program through Sept. 30 and supplies aid to both Puerto Rico and also U.S. states impacted by flooding and other disasters. A disagreement over financing is emerging from the Senate. Related Stories: National Review; UPI; Bloomberg Environment; KHGI-TV; Insurance Journal… Read More

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Sixty-Day Cure Period for Florida Civil Remedy Notice Begins at Date of Filing

Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/E6H8cnHSJmA/

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A Florida appellate court has ruled that the 60-day cure period to get a Civil Remedy Notice begins when the Civil Remedy Notice documents — not when the insurance company receives a copy of it. Civil Remedy Notices are registered pursuant to Fla.. Stat. § 624.155, which provides: (3)(a) As a condition precedent to…… Continue Reading
Read More

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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/E6H8cnHSJmA/

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.
A Florida appellate court has ruled that the 60-day cure period to get a Civil Remedy Notice begins when the Civil Remedy Notice documents — not when the insurance company receives a copy of it. Civil Remedy Notices are registered pursuant to Fla.. Stat. § 624.155, which provides: (3)(a) As a condition precedent to…… Continue Reading
Read More

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Why Do I Have To Pay A Large Named Windstorm Deductible? Confusion With Named Windstorm Deductibles Versus Flood Deductibles In Hurricane Scenarios

Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/lqZaB-FfJco/

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Named Windstorm deductibles are typical in regions prone to hurricanes. Instead of a policy being accountable for deductibles that can often rise in the event of a storm, which hurricanes and tropical storms become, to several million bucks, a higher Named Windstorm Deductible results in a very high deductible and implements. Many…… Continue Reading
.

Read More

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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/lqZaB-FfJco/

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Named Windstorm deductibles are typical in regions prone to hurricanes. Instead of a policy being accountable for deductibles that can often rise in the event of a storm, which hurricanes and tropical storms become, to several million bucks, a higher Named Windstorm Deductible results in a very high deductible and implements. Many…… Continue Reading
.

Read More

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Flood Insurance Difficult to Obtain for Homeowners at Repeated Risk

Original source: https://www.ctvnews.ca/canada/flood-insurance-difficult-to-obtain-for-homeowners-at-repeated-risk-1.4409568

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CTV.ca (05/06/19) Forani, Jonathan

More Canadians have flood insurance than ever before, however homeowners at replicated risk still face the most difficulty getting coverage. Insurance for”overland flooding,” from increasing water levels instead of sewer backups or roof seepage, has only been offered by insurers throughout the country because 2015. Approximately a third of Canadians have it, based on Craig Stewart of the Insurance Bureau of Canada. “For those which are at replicated risk, we are recommending to governments they have a tough look at tactical escape, getting those folks from harm’s way,” he says. According to some 2017 report by the Munk School of Global Affairs, flood-related losses have surpassed fire and theft as the primary source of house insurance claims, despite increasing claims, lots of Canadians are not even aware they live in a floodplain till they get flooded, says Stewart…. Read More

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Original source: https://www.ctvnews.ca/canada/flood-insurance-difficult-to-obtain-for-homeowners-at-repeated-risk-1.4409568

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CTV.ca (05/06/19) Forani, Jonathan

More Canadians have flood insurance than ever before, however homeowners at replicated risk still face the most difficulty getting coverage. Insurance for”overland flooding,” from increasing water levels instead of sewer backups or roof seepage, has only been offered by insurers throughout the country because 2015. Approximately a third of Canadians have it, based on Craig Stewart of the Insurance Bureau of Canada. “For those which are at replicated risk, we are recommending to governments they have a tough look at tactical escape, getting those folks from harm’s way,” he says. According to some 2017 report by the Munk School of Global Affairs, flood-related losses have surpassed fire and theft as the primary source of house insurance claims, despite increasing claims, lots of Canadians are not even aware they live in a floodplain till they get flooded, says Stewart…. Read More

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Tesla Plans to Sell Owners Cheaper Car Insurance

Original source: https://www.wsj.com/articles/tesla-plans-to-sell-owners-cheaper-car-insurance-11557221400

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Wall Street Journal (05/07/19) Scism, Leslie

Tesla along with Markel Corp., as well as a third party company, are working to a Tesla branded insurance policy plan which CEO Elon Musk says will provide a lower-cost merchandise to motorists. He says the product will take into consideration the safety advantages of their cars’ Autopilot platform, and Tesla says compared to other insurance companies do it has information on the operation of its own automobiles and their drivers. Robert Hartwig, manager of the Risk and Uncertainty Control Center at the University of South Carolina’s Darla Moore School of Business, states Tesla’s projected offering”is symbolic of the types of partnerships which traditional automobile carriers will need to invent with vehicle manufacturers and data and applications conglomerates if they expect to survive the transition in the current atmosphere.” He says the danger from Tesla’s insurance policies could be moved into one insurer, a consortium of insurers, or any combination or insurance companies and reinsurers…. Read More

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Original source: https://www.wsj.com/articles/tesla-plans-to-sell-owners-cheaper-car-insurance-11557221400

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Wall Street Journal (05/07/19) Scism, Leslie

Tesla along with Markel Corp., as well as a third party company, are working to a Tesla branded insurance policy plan which CEO Elon Musk says will provide a lower-cost merchandise to motorists. He says the product will take into consideration the safety advantages of their cars’ Autopilot platform, and Tesla says compared to other insurance companies do it has information on the operation of its own automobiles and their drivers. Robert Hartwig, manager of the Risk and Uncertainty Control Center at the University of South Carolina’s Darla Moore School of Business, states Tesla’s projected offering”is symbolic of the types of partnerships which traditional automobile carriers will need to invent with vehicle manufacturers and data and applications conglomerates if they expect to survive the transition in the current atmosphere.” He says the danger from Tesla’s insurance policies could be moved into one insurer, a consortium of insurers, or any combination or insurance companies and reinsurers…. Read More

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CDC: 1.1 Million More Americans Lost Health Insurance Coverage in 2018

Original source: https://www.usatoday.com/story/news/nation/2019/05/09/health-insurance-1-1-million-more-americans-lost-coverage-2018/1140304001/

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USA Today (05/09/19) Alltucker, Ken

The Centers for Disease Control and Prevention’s (CDC) National Health Interview Survey, based on data in 72,762 individuals, reveals that an estimated 30.4 million Americans didn’t have health insurance this past year, up from 29.3 million in 2017. This means about 1.1 million more Americans lost insurance coverage 2018, with analysts noting efforts by the Trump administration and Congress to struggle and loosen requirements of the Affordable Care Act likely played a role in certain going without coverage. Meanwhile, the CDC found that 45.8% of Americans with private health insurance were covered by high-deductible plans this past year, an all-time large , up from 25 percent in 2010. The tax rate among U.S. working-age adults was 13.3% in 2018, up from 12.8percent in 2017…. Read More

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Original source: https://www.usatoday.com/story/news/nation/2019/05/09/health-insurance-1-1-million-more-americans-lost-coverage-2018/1140304001/

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USA Today (05/09/19) Alltucker, Ken

The Centers for Disease Control and Prevention’s (CDC) National Health Interview Survey, based on data in 72,762 individuals, reveals that an estimated 30.4 million Americans didn’t have health insurance this past year, up from 29.3 million in 2017. This means about 1.1 million more Americans lost insurance coverage 2018, with analysts noting efforts by the Trump administration and Congress to struggle and loosen requirements of the Affordable Care Act likely played a role in certain going without coverage. Meanwhile, the CDC found that 45.8% of Americans with private health insurance were covered by high-deductible plans this past year, an all-time large , up from 25 percent in 2010. The tax rate among U.S. working-age adults was 13.3% in 2018, up from 12.8percent in 2017…. Read More

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