Archive for December, 2013

falling credit cards

Protective Measures To Consider When A Data Breach Occurs

The Target data breach affecting 40 million customers illustrates the expanding issues with identity theft.  Credit.com provides direction on what to do in the event your information has been compromised. Read the article…

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software modification

Healthcare Enrollment Deadline Extended By 24 Hours

IT contractors have made a software modification to the online enrollment system that will allow people an additional day to enroll for healthcare according to The

bermuda

Bermuda Granted Conditional Qualified Jurisdiction By NAIC

Reinsurers licensed and domiciled in Bermuda will be eligible to be certified for reduced collateral requirements under the National Association of Insurance Commissioners’ Credit for Reinsurance

American health

HHS Expands Hardship Exemption To Individual Mandate

Hardship exemption to the ACA individual mandate is now available for people whose healthcare insurance was cancelled.  Read the details in December 19th US Department Of

hazmat team

Potential Liabilities From Manmade Catastrophes

Manmade disasters are far reaching and result in widespread property and first and third party losses; this leads to complex claims scenarios for insurance companies where consequential losses

earth eye

$44 Billion In Insured Claims For 2013 Global Disasters

Swiss Re has released estimates that 2013 global disasters cost insurers $44 billion; down from $81 billion in 2012 according to an article by Kelly Sheridan published in

flooded homes

Florida Homeowners Seek Flood Insurance Options

Homeowners face soaring premiums under the National Flood Insurance Program’s new rules which took effect on October 1, 2013.  Jeff Boatwright, staff writer for The Tampa Tribune, reports

sleeping driver

Drive Alert

Fatigue is a major factor in collisions- over 100,000 crashes occur annually due to fatigue (NHTSA, 2013) .  The Insurance Information Institute has compiled several studies on the

treasury department

Oversight Recommendations For Insurance Industry

The U.S. Treasury recommends changes with an increase in the federal role in the regulation of insurance.

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stethoscope on American flag

HHS Recommending Extra Time

HHS has asked insurance companies to allow additional time to purchase health insurance.

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