Connecticut Health Insurers Defend Higher Rates for 2020 as Consumer Advocates Urge State Regulators to Slow Steadily Rising Costs

Original source: https://www.courant.com/business/hc-biz-health-insurance-rates-20190904-o3a3nsedxbgmbi7lbp6vbh7zha-story.html

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Hartford Courant (09/04/19) Singer, Stephen

In a Sept. 4 hearing before the Connecticut Insurance Department, ConnectiCare defended a proposed 4.9% gain in the state’s human market and 4.8% on average from the small group marketplace. Anthem, meanwhile, seeks an average increase of 15.2percent in the respective market and a 14.8% gain in the small group marketplace. The programs in question pay approximately 147,000 Connecticut residents, based on Connecticut Insurance Commissioner Andrew Mais. He noted,”In addition to the national tax, ongoing increasing cost of health care is a vital driver of health insurance premium rate increase asks .” The insurers cited rising for why they’re seeking rate increases, medical and prescription drug costs. Rob Kosior, chief operating officer of ConnectiCare, noted that individuals who choose not to buy insurance are inclined to be younger and healthier. Mais explained a decision on the prices for next year would come from the end of September. … Read More

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Original source: https://www.courant.com/business/hc-biz-health-insurance-rates-20190904-o3a3nsedxbgmbi7lbp6vbh7zha-story.html

All of the time we access the world wide web each day to help you to understand to the idea of getting a Property Damage Adjustment Consultant on your team. Take a few seconds to read this article we just found.

Hartford Courant (09/04/19) Singer, Stephen

In a Sept. 4 hearing before the Connecticut Insurance Department, ConnectiCare defended a proposed 4.9% gain in the state’s human market and 4.8% on average from the small group marketplace. Anthem, meanwhile, seeks an average increase of 15.2percent in the respective market and a 14.8% gain in the small group marketplace. The programs in question pay approximately 147,000 Connecticut residents, based on Connecticut Insurance Commissioner Andrew Mais. He noted,”In addition to the national tax, ongoing increasing cost of health care is a vital driver of health insurance premium rate increase asks .” The insurers cited rising for why they’re seeking rate increases, medical and prescription drug costs. Rob Kosior, chief operating officer of ConnectiCare, noted that individuals who choose not to buy insurance are inclined to be younger and healthier. Mais explained a decision on the prices for next year would come from the end of September. … Read More

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CoreLogic: More Than 600K Homes in Carolinas Could Be at Risk from Dorian

Original source: https://www.insurancejournal.com/news/southeast/2019/09/05/538944.htm

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Annotation:

Insurance Journal (09/05/19) O’Connor, Amy

Hurricane Dorian might have skirted Florida, but the lethargic storm is directed toward the Carolinas after causing substantial damage in the Bahamas. CoreLogic estimated that in the event the storm is a Category two, almost properties in about 143,000 in South Carolina and North Carolina would be in danger. The combined renovation price value (RCV) to North and South Carolina would be close to about $70 billion. Nearly 600,000 houses in the Carolinas are at risk if the storm is a Category 3. North and South Carolina’s insurance divisions have made addressing the flooding insurance gap a priority during the past couple years. Only over 134,000 homeowners in North Carolina had insurance through the National Flood Insurance Program in the wake of Hurricane Florence, according to North Carolina Insurance Commissioner Mike Causey. South Carolina Insurance Director Ray Farmer stated that the state had over 200,000 flood insurance policies in force, focused largely on the shore. “A much greater job would be needed to convey that homeowners insurance does not cover flood,” he said. Related Stories: PropertyCasualty360; News4JAX; Wall Street Journal (subscription); CNBC; TravelPulse
Read the info about disaster preparedness by the NAIC. … Read More

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Original source: https://www.insurancejournal.com/news/southeast/2019/09/05/538944.htm

Our intent is to browse the web everyday to reach out to you to understand to the importance of keeping a Public Adjuster on your side. Read this story we ran across.

Annotation:

Insurance Journal (09/05/19) O’Connor, Amy

Hurricane Dorian might have skirted Florida, but the lethargic storm is directed toward the Carolinas after causing substantial damage in the Bahamas. CoreLogic estimated that in the event the storm is a Category two, almost properties in about 143,000 in South Carolina and North Carolina would be in danger. The combined renovation price value (RCV) to North and South Carolina would be close to about $70 billion. Nearly 600,000 houses in the Carolinas are at risk if the storm is a Category 3. North and South Carolina’s insurance divisions have made addressing the flooding insurance gap a priority during the past couple years. Only over 134,000 homeowners in North Carolina had insurance through the National Flood Insurance Program in the wake of Hurricane Florence, according to North Carolina Insurance Commissioner Mike Causey. South Carolina Insurance Director Ray Farmer stated that the state had over 200,000 flood insurance policies in force, focused largely on the shore. “A much greater job would be needed to convey that homeowners insurance does not cover flood,” he said. Related Stories: PropertyCasualty360; News4JAX; Wall Street Journal (subscription); CNBC; TravelPulse
Read the info about disaster preparedness by the NAIC. … Read More

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Wyoming Bad Faith Remedies For Delayed and Wrongfully Denied Property Insurance Claims

Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/ClTeY51FUko/

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We were presented with a situation involving a property insurance claim at Wyoming. The coverage was angry, along with his adjuster needed a list of improper actions. Merlin Law Group lawyer Jonathan Bukowski wrote a Brief article about Wyoming Denied this in or Delayed Property Damage claims. Wyoming policyholders…… Continue Reading
Read More

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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/ClTeY51FUko/

All of the time we access the world wide web effortlessly to guide you to understand to the idea of getting a Public Adjuster there to assist you. Read this article we just found.

.
We were presented with a situation involving a property insurance claim at Wyoming. The coverage was angry, along with his adjuster needed a list of improper actions. Merlin Law Group lawyer Jonathan Bukowski wrote a Brief article about Wyoming Denied this in or Delayed Property Damage claims. Wyoming policyholders…… Continue Reading
Read More

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Do I Have Enough Insurance? Underinsured Homes Are Epidemic

Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/UWsvr9XLXcg/

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Hurricane Katrina was a warning to me concerning the issue of homes that are underinsured. We represented countless”slabbed” homes–those where the one thing left was a concrete slab. All them were underinsured. Some may indicate that this is definitely the policy gap that is widespread. Charles Miller wrote an Outstanding newspaper, Burned Out…… Continue Reading
. Read More

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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/UWsvr9XLXcg/

We run around the web effortlessly to help you to understand to the need of having a Property Damage Adjustment Consultant on your team. Read this web post we ran across.

Hurricane Katrina was a warning to me concerning the issue of homes that are underinsured. We represented countless”slabbed” homes–those where the one thing left was a concrete slab. All them were underinsured. Some may indicate that this is definitely the policy gap that is widespread. Charles Miller wrote an Outstanding newspaper, Burned Out…… Continue Reading
. Read More

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The Policyholder’s Public Adjuster Cannot Be the Policyholder’s Appraiser

Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/bhTFftHiCz0/

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Even the Florida Third District Court of Appeals recently held that the policyholder’s public psychologist cannot possibly be the policyholder’s appraiser.1 This decision is going to have a big impact on evaluations because many people adjusters act because of their own appraisers. It needs to be assumed that the insurer’s adjusters cannot behave as appraisers too. The conclusion should…… Continue Reading
Read More

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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/bhTFftHiCz0/

We browse the world wide web nonstop to make you to relate to the betterment of keeping a Public Adjuster on your team. Look at this story we just found.

.
Even the Florida Third District Court of Appeals recently held that the policyholder’s public psychologist cannot possibly be the policyholder’s appraiser.1 This decision is going to have a big impact on evaluations because many people adjusters act because of their own appraisers. It needs to be assumed that the insurer’s adjusters cannot behave as appraisers too. The conclusion should…… Continue Reading
Read More

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Once Again, Texas Tops Nation with Most Hail Damage Insurance Claims

Original source: https://cbsloc.al/2MRfSVR

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CBS Dallas/Fort Worth (08/06/19)

In accordance with the National Insurance Crime Bureau’s (NICB) three-year analysis of auto injury insurance claims, Texas experienced the most claims with over 811,000 between Jan. 1, 2016, and Dec. 31, 2018. Over the three-year period, there have been nearly 2,900,000 hail loss claims across the nation. Colorado ranked second in the amount of hail states with 395,000. The top five rounds outside with over 163,000 asserts in Nebraska, an estimated 153,000 in Missouri, also roughly 146,000 at Kansas. Two places in Texas produced the top five cities list . San Antonio was No. 1 with more than 75,000, also Plano came in at No. 5 with nearly 43,000. Brooke Kelley with the NICB says,”Hail damage fluctuates year-to-year, but what appears to be constant is the number of unscrupulous builders ready to swoop in promising a quick fix. Always check first with your insurance company or representative prior to signing any documents exhibited by means of a contractor whom you didn’t request.”… Read More

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Original source: https://cbsloc.al/2MRfSVR

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CBS Dallas/Fort Worth (08/06/19)

In accordance with the National Insurance Crime Bureau’s (NICB) three-year analysis of auto injury insurance claims, Texas experienced the most claims with over 811,000 between Jan. 1, 2016, and Dec. 31, 2018. Over the three-year period, there have been nearly 2,900,000 hail loss claims across the nation. Colorado ranked second in the amount of hail states with 395,000. The top five rounds outside with over 163,000 asserts in Nebraska, an estimated 153,000 in Missouri, also roughly 146,000 at Kansas. Two places in Texas produced the top five cities list . San Antonio was No. 1 with more than 75,000, also Plano came in at No. 5 with nearly 43,000. Brooke Kelley with the NICB says,”Hail damage fluctuates year-to-year, but what appears to be constant is the number of unscrupulous builders ready to swoop in promising a quick fix. Always check first with your insurance company or representative prior to signing any documents exhibited by means of a contractor whom you didn’t request.”… Read More

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DOJ Seeks to Overturn Order Blocking Expansion of Association Health Plans

Original source: http://news.ambest.com/newscontent.aspx?altsrc=23&refnum=219187

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BestWire (08/06/19) Klimko, Frank

The U.S. Department of Justice (DOJ) requested the U.S. Court of Appeals for the District of Columbia to overturn a lower court ruling that blocked with a comprehensive rollout of association health plans (AHPs). The department asserts the nations challenging the rule don’t have standing to seek redress and that the AHP principle isn’t a situation of regulatory overreach. The DOJ claims that the Labor Department has the authority to expand the reach of this AHPs. These plans do not have to comply with all Affordable Care Act consumer protections. Oral arguments have to be educated in the matter…. Read More

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Original source: http://news.ambest.com/newscontent.aspx?altsrc=23&refnum=219187

We run around the world wide web each day to help you to relate to the importance of keeping a Property Damage Adjustment Consultant in your corner. Look at this article we found.

BestWire (08/06/19) Klimko, Frank

The U.S. Department of Justice (DOJ) requested the U.S. Court of Appeals for the District of Columbia to overturn a lower court ruling that blocked with a comprehensive rollout of association health plans (AHPs). The department asserts the nations challenging the rule don’t have standing to seek redress and that the AHP principle isn’t a situation of regulatory overreach. The DOJ claims that the Labor Department has the authority to expand the reach of this AHPs. These plans do not have to comply with all Affordable Care Act consumer protections. Oral arguments have to be educated in the matter…. Read More

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World Economy Edges Closer to Recession as Trade Woes Spread

Original source: https://www.bloomberg.com/news/articles/2019-08-07/world-economy-edges-closer-to-a-recession-as-trade-fears-spread

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Investors already are urging central banks and policymakers to reverse route. Investors are now bearish, having a segment of the yield curve, the difference between 10-year and notes, inverted the maximum because 2007, indicating stakes on prolonged weakness. The fear is that without a trade truce soon, markets will expand their latest slide and uncertainty-plagued companies will pull back farther extending the aggravation of makers to the services industry. After that, the labour market may decode and customers can retrench, causing banks to cut interest rates and possibly restart easing. Bank of America Corp. economists warn that even”with no ending in sight, and there are significant downside risks to our forecasts for U.S. and worldwide growth. In the event the trade war escalates — this could include a more explicit money war — doubt would be considerably higher and financial conditions much wider.”… Read More

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Original source: https://www.bloomberg.com/news/articles/2019-08-07/world-economy-edges-closer-to-a-recession-as-trade-fears-spread

We access the internet effortlessly to make you to realize to the idea of keeping a Public Adjuster in your corner. Take a look at this web post we just found.

Investors already are urging central banks and policymakers to reverse route. Investors are now bearish, having a segment of the yield curve, the difference between 10-year and notes, inverted the maximum because 2007, indicating stakes on prolonged weakness. The fear is that without a trade truce soon, markets will expand their latest slide and uncertainty-plagued companies will pull back farther extending the aggravation of makers to the services industry. After that, the labour market may decode and customers can retrench, causing banks to cut interest rates and possibly restart easing. Bank of America Corp. economists warn that even”with no ending in sight, and there are significant downside risks to our forecasts for U.S. and worldwide growth. In the event the trade war escalates — this could include a more explicit money war — doubt would be considerably higher and financial conditions much wider.”… Read More

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SHIIP Announces Annual Regional Awards

Original source: http://www.ncdoi.com/media/news2/year/2019/080119b.asp

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North Carolina Department of Insurance (08/01/19)

Insurance Commissioner Mike Causey announced the recipients of their yearly regional awards by the Seniors’ Health Insurance Information Program (SHIIP), also a branch of the North Carolina Department of Insurance that provides free, objective information about Medicare, Medicare prescription drug coverage, Medicare Advantage, long-term maintenance insurance, and other medical insurance issues. Causey congratulated the following honorees: Southeast Coordinator of the Year – Brandie Garner, Beaufort County; Central Coordinator of town – Janice Holmes, Lee County; Western Coordinator of town – Vickie Blevins, Catawba County; Piedmont County of the Year – Guilford County; Southeast County of the Year – Moore County; Central County of town – Orange County; Western County of Year – Buncombe County; Northeast Volunteer of the Year – JoAnne Powell, Hertford County; Central Volunteer of the Year – Bruce Hays, Durham County; Western Volunteers of Year – Doris Henning, Clay County; and Piedmont Volunteer of Year – Kenny Hayes, Guilford County. “The dedication and service that our SHIIP Coordinators supply to all neighborhood senior citizens and disabled Medicare recipients is equally outstanding,” Causey said…. Read More

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Original source: http://www.ncdoi.com/media/news2/year/2019/080119b.asp

We search the web nonstop to guide you to realize to the importance of keeping a Public Adjuster on your side. Take a look at this story we ran across.

North Carolina Department of Insurance (08/01/19)

Insurance Commissioner Mike Causey announced the recipients of their yearly regional awards by the Seniors’ Health Insurance Information Program (SHIIP), also a branch of the North Carolina Department of Insurance that provides free, objective information about Medicare, Medicare prescription drug coverage, Medicare Advantage, long-term maintenance insurance, and other medical insurance issues. Causey congratulated the following honorees: Southeast Coordinator of the Year – Brandie Garner, Beaufort County; Central Coordinator of town – Janice Holmes, Lee County; Western Coordinator of town – Vickie Blevins, Catawba County; Piedmont County of the Year – Guilford County; Southeast County of the Year – Moore County; Central County of town – Orange County; Western County of Year – Buncombe County; Northeast Volunteer of the Year – JoAnne Powell, Hertford County; Central Volunteer of the Year – Bruce Hays, Durham County; Western Volunteers of Year – Doris Henning, Clay County; and Piedmont Volunteer of Year – Kenny Hayes, Guilford County. “The dedication and service that our SHIIP Coordinators supply to all neighborhood senior citizens and disabled Medicare recipients is equally outstanding,” Causey said…. Read More

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Tips to Protect Yourself from Wire Fraud

Original source: https://www.aldoi.gov/currentnewsitem.aspx?ID=1060

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Alabama Department of Insurance (08/05/19)

Wire fraud is one of the quickest growing cybercrimes from the nation. As stated by the Federal Trade Commission, consumers reported losing $1.48 billion to fraud in 2018; that is a rise of 38% over 2017. Fraud is any event where an person is duped into sending money via wire transfer to a fraudster. Real estate transactions could be a goal for wire transfer fraud. When getting title insurance, be certain you’re aware of your transactions. The National Association of Insurance Commissioners provides tips to help keep you protected. At the start of your trade, be sure to acquire a contact name, email, and phone numbers for your real estate agent, lender, title insurer, and settlement and closing agent. Apply these numbers and email addresses when communicating with them. Make sure you utilize two-factor authentication on your email account and invite different individuals included in the trade to do so also. Be aware of any correspondence or email that asks you to react immediately or to hurry. To learn if your title insurance company is licensed and in good standing, consult the Alabama Department of Insurance…. Read More

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Original source: https://www.aldoi.gov/currentnewsitem.aspx?ID=1060

All of the time we browse the world wide web each day to guide you to realize to the importance of having a Property Damage Adjustment Consultant in your corner. Take a few seconds to read this article we just found.

Alabama Department of Insurance (08/05/19)

Wire fraud is one of the quickest growing cybercrimes from the nation. As stated by the Federal Trade Commission, consumers reported losing $1.48 billion to fraud in 2018; that is a rise of 38% over 2017. Fraud is any event where an person is duped into sending money via wire transfer to a fraudster. Real estate transactions could be a goal for wire transfer fraud. When getting title insurance, be certain you’re aware of your transactions. The National Association of Insurance Commissioners provides tips to help keep you protected. At the start of your trade, be sure to acquire a contact name, email, and phone numbers for your real estate agent, lender, title insurer, and settlement and closing agent. Apply these numbers and email addresses when communicating with them. Make sure you utilize two-factor authentication on your email account and invite different individuals included in the trade to do so also. Be aware of any correspondence or email that asks you to react immediately or to hurry. To learn if your title insurance company is licensed and in good standing, consult the Alabama Department of Insurance…. Read More

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