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Regulators Ask Washington to Save the Health Market
Officers of the National Association of Insurance Commissioners (NAIC) sent letters on May 17 to Office of Management and Budget Director Mick Mulvaney and U.S. Senate leaders warning that if Congress and the Trump administration want consumers in most of the United States to have access to commercial individual health coverage in 2018...
Hurricane Season Starts June 1 – Get Ready!
The Atlantic hurricane season officially begins June 1, and homeowners should already be checking their insurance coverage. They are advised to first look at their deductible, and most coastal properties will have a separate deductible for hurricane damages, which are generally based on a percentage of the home's insured value rather than a flat dollar amount...
Insureds Increasing Cyber Limits on Renewal
The Council of Insurance Agents & Brokers (CIAB) “Cyber Insurance Market Watch Survey” reveals that the average cyber policy limit in the last six months has doubled in the United States as clients seek higher amounts of coverage upon renewal...
PIA Opposes Cuts to Crop Insurance in Trump Budget
PIA is opposed to the steep cuts to crop insurance included in the Trump Administration’s proposed Fiscal Year 2018 budget, which was just released...
Zurich Using Artificial Intelligence in Deciding Claims
Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after trials cut the processing time from an hour to just seconds, its chairman said...
Lloyd’s to Stay in London, Cuts Mulled
Lloyd’s of London will stay in London, but there may soon be fewer people working there. Following the U.K.’s vote in favor of exiting the European Union, there was speculation that Lloyd’s might move to an EU country...
Kaiser Permanente to Stay in ACA Markets
Kaiser Permanente will continue to offer coverage options through the Affordable Care Act health insurance exchanges during 2018, the payer and provider announced...
CMS Survey for Agents and Brokers
The Centers for Medicare & Medicaid Services is currently collecting opinions and suggestions to better serve the agent and broker community...
Delaware DOI Warns Against False Statements
The Delaware Department of Insurance (DOI) has issued a bulletin addressing reports that insurance professionals are routinely telling consumers that the DOI is responsible for premium rate increases...
Fiduciary Rule to Go Into Effect June 9
A controversial Obama-era rule for financial advisers will be implemented June 9.