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Surveyor's Report Can Only Be Rejected Only On Valid Grounds: NCDRC
3 days, 19 hours ago

Surveyor's Report Can Only Be Rejected Only On Valid Grounds: NCDRC

Live Law  

The National Consumer Disputes Redressal Commission, presided by Mr. Subhash Chandra and AVM J. Rajendra in an appeal against United India Insurance held that a surveyor's report is mandatory for insurance claims and it can only be rejected on reasonable grounds. The surveyor found 46.667% under-insurance for the building and stated machinery and potato stocks were not covered under the …

Policy Insurance Building Report Commission Complainant Insurer
Surveyor's Report Can Only Be Rejected On Valid Grounds: NCDRC
1 week, 2 days ago

Surveyor's Report Can Only Be Rejected On Valid Grounds: NCDRC

Live Law  

The National Consumer Disputes Redressal Commission, presided by Mr. Subhash Chandra and AVM J. Rajendra in an appeal against United India Insurance held that a surveyor's report is mandatory for insurance claims and it can only be rejected on reasonable grounds. The surveyor found 46.667% under-insurance for the building and stated machinery and potato stocks were not covered under the …

Policy Building Report Commission Complainant Machinery United India Insurance
Words on ammo in CEO shooting echo common phrase on insurer tactics: Delay, deny, defend
2 weeks, 4 days ago

Words on ammo in CEO shooting echo common phrase on insurer tactics: Delay, deny, defend

Associated Press  

Live Updates: Follow the latest updates on the shooting death of UnitedHealthcare’s CEO. A message left at the scene of a health insurance executive’s fatal shooting — “deny,” “defend” and “depose” — echoes a phrase commonly used to describe insurer tactics to avoid paying claims. They’re similar to the phrase “delay, deny, defend” — the way some attorneys describe how …

Health Social Media Insurance Care New York Delay Manhattan
Transfer Insurance Claim On Car, Not Followed Proper Procedure , Insurance Company Not Liable : NCDRC
6 months, 1 week ago

Transfer Insurance Claim On Car, Not Followed Proper Procedure , Insurance Company Not Liable : NCDRC

Live Law  

The National Consumer Disputes Redressal Commission, presided by Mr. Subhash Chandra, dismissed a complaint against Oriental Insurance and held that proper procedures should be followed in case of a policy transfer. Following an estimated repair cost of ₹21,36,572 from an authorized service center, the complainant filed a claim with the insurer, which was denied because the Registration Certificate was still …

Policy Insurance National Transfer State Commission Complainant
Consumer panel directs bank, insurer to pay ₹30 lakh claim to Mumbai cop injured in accident
8 months, 4 weeks ago

Consumer panel directs bank, insurer to pay ₹30 lakh claim to Mumbai cop injured in accident

Hindustan Times  

Mumbai, A consumer commission here has directed the Axis Bank and the New India Assurance company to pay an insurance claim of ₹30 lakh along with interest to a policeman who suffered injuries with permanent disabilities after an accident in 2017. HT Image The District Consumer Disputes Redressal Commission, South Mumbai, in an order passed on March 11, noted that …

Insurance Mumbai Bank Company Commission Complainant Lakh
State Farm is NOT there: California's largest insurer will discontinue coverage of 72,000 homes in the state over inflation and risk of CATASTROPHES like wildfires and floods
9 months ago

State Farm is NOT there: California's largest insurer will discontinue coverage of 72,000 homes in the state over inflation and risk of CATASTROPHES like wildfires and floods

Daily Mail  

California's largest insurance company will stop offering insurance to 72,000 homes across the state due to the increased risk of natural disasters and the effects of inflation. State Farm General cited soaring costs, the increasing risk of catastrophes like wildfires and outdated regulations as reasons it won´t renew the policies. State Farm will discontinue coverage for 72,000 houses and apartments …

Insurance California State Farm State Farm General State Farm
A major auto insurer returns to California — with a 30% price hike
10 months, 1 week ago

A major auto insurer returns to California — with a 30% price hike

LA Times  

California drivers can now buy an auto insurance policy directly from Allstate again, after the company hit pause on selling new insurance through its website or phone service to customers in the state last year. Allstate’s full return to the California auto insurance market only comes after regulators allowed the company to raise its rates by 30% on average across …

Insurance Auto California State Rate Rates Insurer
Humana warns that rising care costs will persist through 2024, surprises Wall Street with forecast
10 months, 4 weeks ago

Humana warns that rising care costs will persist through 2024, surprises Wall Street with forecast

Associated Press  

Humana still doesn’t know why more people were admitted for short hospital stays than it expected late last year, and that is casting a shadow over health insurers early in 2024. But Humana executives told analysts Thursday that the jump in costs they saw in November and December for Medicare Advantage customers wasn’t tied to respiratory illnesses like the flu …

Health Medicare Costs Care Cost Insurer Humana
Late-year medical costs spike forces Humana to scale back profit expectations for 2023
11 months ago

Late-year medical costs spike forces Humana to scale back profit expectations for 2023

Associated Press  

Shares of Humana tumbled Thursday after the health insurer said it was dealing with higher-than-expected costs from its Medicare Advantage customers, forcing it to chop profit expectations. Humana is one of the nation’s largest providers of Medicare Advantage plans, which are privately run versions of the federal government’s Medicare program mostly for people age 65 and older. For the new …

Medicare Last Year Humana Advantage Spike Forces
Are those discounts offered by health insurers for real?
1 year, 9 months ago

Are those discounts offered by health insurers for real?

Live Mint  

People love discounts and companies know that only too well. However, when you read the fine print, you will know that the maximum discount offered is just 35%.“ Some insurance experts claim that discounts on premiums are merely a marketing gimmick. Or, if the insurer offers a discount based on your location, then it could mean restricting your hospitals to …

Health Policy Insurance Discounts Discount Premium Offered
Why one should not invest in ULIPs
2 years ago

Why one should not invest in ULIPs

Live Mint  

When it comes to investment, ULIPs are frequently recommended. ULIPs come with significant upfront charges for setting up an account, higher premium rates than other types of insurance, and fund management fees. Furthermore, regulatory bodies set regulations on ULIPs which limit the fund investments offered by the insurers. This makes ULIPs a less flexible option when compared to other types …

Investment Invest Ulips
Impending economic crisis will dwarf coronavirus crisis, says credit insurer Allianz
2 years, 2 months ago

Impending economic crisis will dwarf coronavirus crisis, says credit insurer Allianz

NL Times  

The looming economic crisis will make the coronavirus crisis look like nothing, according to credit insurer Allianz Trade. Rarely have so many negative facts come together simultaneously,” Johan Geeroms, director of risk underwriting in the Benelux for Allianz, said in a press statement. And, partly due to the 10 percent increase in the minimum wage the government announced for next …

Geeroms Coronavirus Support
Health insurance claims settlements takes 20-46 days, says report
2 years, 8 months ago

Health insurance claims settlements takes 20-46 days, says report

Live Mint  

NEW DELHI: Settlement of health insurance claims on an average takes 20-46 days from the date of intimation to the insurer, as per a survey conducted by insurer broker SecureNow. Chemotherapy, according to the survey, “unsurprisingly, is very heavy on pockets for an average person despite the duration of stay for the patient being hardly a day.” It observed that …

Insurance Health Insurance Claims Survey Insurer Chemotherapy Public Sector Insurers
Doctors fear health insurer will no longer cover all costs
2 years, 11 months ago

Doctors fear health insurer will no longer cover all costs

NL Times  

GPs fear that due to a new policy from health insurer Zilveren Kruis they will no longer be able to pay the nurses' salaries in 2022, NOS reported. Zilveren Kruis will soon no longer reimburse costs indirectly related to the patients, particularly impacting the care of chronically ill patients. "The problem is that you are no longer allowed to declare …

Nos Health Insurer Zilveren Kruis Gps Fear
Health insurer DSW raising premium by €3.25 per month
3 years, 2 months ago

Health insurer DSW raising premium by €3.25 per month

NL Times  

DSW is increasing the premium of its basic health insurance by 3.25 euros next year, the health insurer was the first to announce. Rising healthcare costs, caused by wage and price increases and the increasing use of expensive specialist medicine, would actually require an increase of 7.50 euros. The compensation now led to a positive balance, and DSW uses that …

Care Premium Health Insurer Euros Dsw
How to save on car insurance: Ten tips to cut costs
3 years, 2 months ago

How to save on car insurance: Ten tips to cut costs

Daily Mail  

Drivers are being hit by a wave of sharp car insurance hikes at renewal time. When thinking about excesses on car insurance, it's really important to make sure you can afford to pay the total excess, should you need to claim. When quoting or buying a car insurance policy, it may seem like a good idea to increase the voluntary …

Policy Car Costs Pay Cut Save Insurer
DSW, usually the first to announce health insurance price, delays announcement over Covid costs
3 years, 2 months ago

DSW, usually the first to announce health insurance price, delays announcement over Covid costs

NL Times  

Health insurer DSW will postpone announcing its health insurance premiums for 2022. DSW traditionally announces the new rate one week after Prinsjesdag, the day the Cabinet releases its proposed budget for the coming year. The insurer will use that amount to cushion the increase of its health insurance premium for the following year, explained board chair Aad de Groot. Health …

Health Insurance Dsw Care Premiums
Insurer refuses to fly travel blogger with brain injury back to US after horror crash in Bali
3 years, 4 months ago

Insurer refuses to fly travel blogger with brain injury back to US after horror crash in Bali

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy An American travel blogger …

Kaitlyn Travel Blogger
You can use multiple health policies for a single claim
4 years, 3 months ago

You can use multiple health policies for a single claim

Live Mint  

The number of covid-19 cases in the country are spiking with each passing day, resulting in more people getting treated in hospitals or make-shift facilities. You are allowed to use multiple policies, such as the group policy from your employer, your individual health policy and your top-up health policy, for a single claim. Using multiple policies “Keeping in mind the …

Policy Insurance Sum Insured Insurer Claim Nerurkar