Insurers are mostly paid by employers and government agencies, which set many of the rules around the coverage they offer. If insurers paid out every claim they received, premiums would likely skyrocket, said Evan Saltzman, professor in the department of risk management/insurance, real estate ...
Historically destructive wildfires ripped through Southern California this month, leaving more than 16,000 structures destroyed and insurers facing $40 billion in payouts. The disaster compounds an already dire situation for California's insurance market
Insurers are better prepared to handle hurricane losses, thanks to higher premiums and relatively benign recent weather.
expect to pay a higher deductible forhurricane damage— generally, 5% to 10% of your coverage amount for damages caused by a hurricane. The Florida Office of Insurance Regulation has a greatRate Comparison Toolthat provides premium estimates from insurers in your county. ...
Historically, Medi-Cal has paid doctors far less than other insurers, and the program has struggled to find enough willing to accept the rates. In 2021, for example, Medi-Cal paid $37 for a checkup with a toddler. "Medi-Cal patients basically don't keep the lights on. You can't make...
Several leading US insurershave stopped writing new insurancefor homes and valuables contracts entirely in California, following worsening forest fires. Annual premiums for the largest homes in Miami are now as high as $620,000. “One of my art-collector clients in Miami has an emergency back-up...
This is just one more reason why it is getting too hard to afford California and people are leaving. Robert Bachmann, Los Angeles .. To the editor:I’m happy to hear that California has stopped having insurers flee our state. This allows residents the ability to ...
prices and consider value for money. By contrast, once the US Food and Drug Administration has approved a drug as safe and effective, insurers are faced with a simple decision: to pay up or not. They fear that if they do not, their business will be damaged by patients leaving their ...
There are also contributions from frequent flyer schemes, cobranded credit credits, insurers, and hotel partners. Photo: Rob Wilson/Shutterstock. The industry broadly groups ancillary revenue into two categories: frequent flyer/commission-based revenue and à la carte revenue. À la carte revenue ...
Health policy analyst Ezra Klein uses this metaphor to describe the problem: “You eat more at a buffet because the refills are free, and you use more health care because insurers generally make you pay up front in premiums, rather than at the point of care.”...