By Dustin Mitchell on 13-12-2011
On Tuesday, Express Scripts notified that it is about to resolve its contract dispute with the biggest health insurers in the United States, WellPoint Inc. In addition, it claimed that the WellPoint has significantly increased the chances of lodging a lawsuit and expressed confidence that the companies have enough potential to settle their dispute.
In a statement, Express Scripts notified that the insurer’s giant is clashing with the implementation of some clause of the contract as well as certain operational matters believed to have an association with Express Scripts’ performance. S
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By Kathryn Green on 07-12-2011
A family auto insurance plan can cover all the drivers and vehicles of a household more efficiently and inexpensively than separate individual plans. Family car insurance policies consist of a primary policyholder and several additional drivers, usually the spouse and children of the policyholder. With a family policy, you pay just one premium even though multiple cars and drivers are included in the coverage. Such plans are ideal for households seeking to reduce their overall auto insurance costs.
One of the most valuable discounts insurance carriers offer is the multi-vehicle discount, which reduces your premiums if you have more than one car covered by your policy.
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By Christine Johnson on 06-12-2011
The latest estimates of catastrophic losses from Augusts Hurricane Irene project total property damage at $4.3 billion, with the worst damage in New Jersey and North Carolina.
Property Claims Services increased its estimate by 18% since its first tally in September, according to published reports. The hurricane was the first to hit the U.S. coastline in three years.
The PCS report found that damage was reported from South Carolina to New England, with about 855,000 insurance claims, each averaging about $5,000.
PCS pegged damage in New Jersey at $915 million, with North Carolina close behind with $900 million in losses.
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By Christine Johnson on 03-12-2011
The growing pressure on auto insurers to support improved driver safety and to bring claims inflation and prices under control will make technology increasingly central to competitiveness, according to global professional services company Towers Watson.
“Already, the recent expansion in companies offering usage-based insurance (UBI) policies, based on in-car telematics devices, is putting those companies without a UBI proposition at risk of eventually being left with the ‘bad’ risks, particularly among younger drivers,” says Tony Lovick, director of analytics for Towers Watson’s DriveAbility UBI program.
But this is just the beginning, according to Lovick.
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By Dustin Mitchell on 02-12-2011
S&P announced in a report this week that it would be maintaining its stable outlook for the U.S. life insurance industry. This announcement should help insurers breathe a sigh of relief after the credit ratings agency announced that it issued credit rating downgrades for multiple banks on Tuesday.
S&P, New York, published a report this week called U.S. Life Insurance 2012 Outlook: Solid Capital and Liquidity Support A Stable Outlook In The Face Of Macroeconomic Headwinds, which was published in RatingsDirect and appears in the companys Global Credit Portal.
In the report, S&P issued the life insurance industry a stable outlook, stating that it reflects the companys expectation of continued strong capital and liquidity, and moderate investment portfolio losses.
During the summer, the credit ratings agency threatened to lower life insurance ratings if the U.S. suff
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By Kathryn Green on 27-11-2011
Most countries do not require a tourist to have visitors medical insurance and so, the question of whether to purchase it does not arise. However, some countries in Europe require a visitor to have Europe travel insurance.
Some of these countries specify the minimum coverage that is acceptable. France, Germany, and Italy all require a tourist to show evidence of some insurance cover before issuing a valid visa. For insurance, to visit France, a tourist will need to furnish evidence of repatriation insurance. However, U.S.
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