We recently heard that rising Personal Accident and Personal Bodily Injury Claims were pushing up the prices of Car Insurance premiums, now as the major UK Insurance Companies take stock of 2009 with the final quarter results, it appears that rising bodily injury claims and an unusually kind hurricane season were the two biggest factors in the 2009 results published to date.
There has been a mixed bag of results in the insurance world this week as a variety of insurance companies have announced how they have fared across the last year. Read the rest of this entry »
With President Obama’s speech to Congress last night outlining the details of his overhaul of healthcare in the United States, one interesting point popped up – the fact that Obama would guarantee that insurers could not reject people because of preexisting conditions.
Health insurance companies are increasingly citing the failure to disclose preexisting conditions as a means to cancel policies and deny benefits to people in need of care. The term for this is “Post Claims Underwriting”. What this means is that the insurance companies will not investigate someone for verification of entitlement to coverage until after they are sick and need the insurance. Of course, if they then determine the person is sick but not qualified they cancel the coverage and the sick consumer is left with no insurance. Read the rest of this entry »
We recently heard that rising Personal Accident and Personal Bodily Injury Claims were pushing up the prices of Car Insurance premiums, now as the major UK Insurance Companies take stock of 2009 with the final quarter results, it appears that rising bodily injury claims and an unusually kind hurricane season were the two biggest factors in the 2009 results published to date.