September is Life Insurance Awareness Month. Financial professional Tony Zimmer from Trifound joined us to talk about who should be covered and what options are out there. 1. Know the Types There are two main categories of life insurance policies. Term policies cover you for a specific number of years, […]
Insurance
Woman arrested over wedding ring scam
A woman has been arrested as part of a national clampdown on suspected fradulent insurance claims. The 26-year-old from Rainhill was one of six people arrested as part of a major operation by the Insurance Fraud Enforcement Department (IFED), part of the City of London Police. She was detained on […]
Bitter pill to swallow: New York State top health insurer to shut down in 2016
People celebrate in front of the US Supreme Court after ruling was announced on the Affordable Care Act. June 25, 2015 in Washington, DC. Photo by Mark Wilson/Getty Images New Yorkers with policies issued by Health Republic (a non-profit insurer backed by the federal government) will be forced to seek […]
Surgeries by unlicensed assistant part of $150m insurance fraud, say prosecutors
Physician assistant not trained to perform surgery operated on hundreds while surgeon billing for procedures hid massive insurance fraud conspiracy A physician assistant who wasn’t licensed or trained to perform surgery operated on hundreds of patients while the orthopedic surgeon who billed for the procedures schemed with colleagues to hide […]
The growing role of the insurance compliance officer
The role of the insurance compliance officer has evolved from a purely advisory role into a proactive one with internal audit characteristics in the last few years according to a white paper by Ethical Corporation, a global business publication. The paper notes that whereas the typical job of the compliance […]
Insurance woes persist as Obamacare enters year three
Just a few weeks before the third Obamacare enrollment season begins, researchers are pointing out that millions of people are still uninsured, despite the law, and that there are real hurdles to convincing people to sign up. The first two enrollment seasons made a sizable dent in the U.S. uninsured […]
Less than 20% of population under health insurance cover: Report
Despite liberalization of the insurance sector, only around 21.6 crore people – less than one-fifth of India’s population – are covered under health insurance. Even among those who have some form of coverage, 67% are covered by public insurance companies, according to National Health Profile 2015, compiled by the Central […]
2015 African Legends Night Gets Insurance Cover
Event organizers Global Media Alliance (GMA) has secured an insurance cover for this year’s African Legends Night slated for September 26, 2015 at the State House Banquet Hall, Accra. GMA announced that insurance firm Phoenix Insurance, a subsidiary of the CDH Group, is the official insurance company for the much-anticipated […]
Emerging Capital exits Continental Reinsurance
Emerging Capital Partners, along with its investment partners, has sold C-Re Holding Ltd. to Saham Finances S.A, the insurance arm of Saham Group. Financial terms weren’t announced. C-Re owns 53.6 percent of Continental Reinsurance, a private reinsurance company in Africa, excluding South Africa. PRESS RELEASE 22 September 2015: Emerging Capital […]
UK government to take forward new insurance ‘prompt payment’ requirement
Insurers would be under a legal requirement to settle claims within a “reasonable time” if new laws introduced to the UK parliament are passed in their current form. Out-Law.Com reported that the new requirement is included in the Enterprise Bill, which is currently before the UK parliament. Although it would […]
