Musicians Investing in Terrorism Insurance Following Vegas Attack

Source: nypost.com

There’s been a high demand for terrorism insurance in the wake of the Las Vegas massacre — with artists from all music genres reportedly looking to invest in policies for their concerts.

“Now more than ever they are targets,” explained Steves Rodriguez, business manager for the all-girl pop group, Fifth Harmony.

Speaking to The Hollywood Reporter this week, he and other managers described how musicians were taking out terrorism insurance policies now — more than ever before — following the deadly mass shooting at the Route 91 Harvest festival on Oct. 1.
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HIPAA: Why We Needed It and What It Does

The Health Insurance Portability and Accountability Act (HIPAA) was introduced in 1996 by President Clinton. Its effects are broad and far-reaching, and it represents a major form of healthcare reform before the Affordable Care Act. When most people think of HIPAA, they think of privacy rules for patient information—but actually, HIPAA was introduced to help ensure coverage for people who changed jobs or lost their jobs. Prior to the introduction of HIPAA, there were no national-level safeguards for this, and insurers could and often did exclude pre-existing conditions for people who changed jobs (and thus insurance plans) or lost their jobs. Continue reading

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Hurricane Irma aftermath: Floridians without flood insurance face astronomical bills

Source: USA TODAY

FORT MYERS, Fla. — Anita Dennis talked on the phone with her homeowner’s insurance company, her furrowed brow expressing more than words could say.

The 72-year-old widow carried flood insurance on her home years ago, then let it lapse after learning her neighborhood in The Villas in south Fort Myers was expected to flood only every 100 years.

The house, built in 1973, has flooded twice in the past month.

Dennis shared her plight from the sweltering sunroom of her gutted, still-powerless home.

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Optional Riders and Supplemental Benefits for Life Insurance: Do You Offer Them to Your Insureds?

Most basic life insurance policies are designed to provide a payout in the event of an insured’s death to cover lost income, pay a child’s tuition, settle household debt, and pay for funeral expenses. But insureds have the option of requesting certain adjustments to their life insurance by using optional riders and supplemental benefits, usually for an additional price. Insurance agents have the opportunity to increase sales and improve customer service by making sure insureds know about supplemental benefits and have the option to buy them. Here are a few to know about. Continue reading

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Anthem to leave Virginia’s Obamacare marketplace next year

Source: The Washington Post by

A major insurer, Anthem, announced late Friday that it will pull out of the Affordable Care Act marketplace in Virginia — the latest company to scale back its participation in an insurance market that has been destabilized by uncertainty about the future and dark pronouncements by President Trump that it is about to fail.

In a statement, the company said that the business of selling insurance to individuals “remains volatile” and cited “continual changes and uncertainty in federal operations, rules and guidance.” Continue reading

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