policies News

Quake Policies Extremely Rare in Oklahoma

When an earthquake rattled his Oklahoma home a couple of years ago, retiree Melvin McBane briefly considered buying quake insurance for the next time it happened. Finding a policy too pricey, McBane figured he could do without. Now that the …

ACE Launches New Hospitality and Real Estate Products

ACE USA, the U.S.-based retail operations of the ACE Group, announced the introduction of umbrella policy endorsements, designed to address risks faced by the hospitality and real estate industries. Two new endorsements expand coverage for hotel operations and restaurants and …

A Framework of Adjusting Medical Claims Involving Possible Experimental Treatment

Modern health insurance policies and ERISA plans exclude coverage for experimental medical treatments. The question of what types of treatments qualify as experimental is problematic. Adjusting a claim for medical treatment which may be experimental can be a difficult exercise. …

New App Gives Facebook Users Access to GEICO Policies

A new Facebook app called “GEICO Shortcuts,” has been launched by the insurer to provide policyholders access to insurance information while using the social networking site. Features of the GEICO Shortcuts app include: Pay your bill (via a stored account …

AIR Worldwide Updates Terrorism Model for the U.S.

Catastrophe risk modeling firm AIR Worldwide (AIR) has updated its terrorism model for the United States to reflect less frequent and lower-severity attacks based on a reassessment of the threat by a team of terrorism experts. The model is used …

Facebook Policies Tricky for Employers, Workers

In the age of instant tweets and impulsive Facebook posts, some companies are still trying to figure out how they can limit what their employees say about work online without running afoul of the law. Confusion about what workers can …

North Dakota Woman Faces More Insurance Fraud Charges

Bismarck woman facing an insurance fraud charge related to a March vehicle crash now faces more felony charges related to alleged fraud schemes involving renter’s insurance policies. The Bismarck Tribune reports that Ella Bowen-Davis faces forgery and insurance fraud charges …