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Insurance Companies Turning to Social Media?
It would be hard to imagine a society today with no Facebook or Twitter. These days, it seems as if every company is on some social networking site. Although there are some insurance companies on Facebook, there is some speculation over whether big insurance companies are using Facebook to decide how their clients should be [...]
Obama Administration Expected to Make a Decision on Delaying Texas’ MLR Requirement
Texas insurance regulators are waiting on the Obama administration on whether or not they can delay forcing insurers to pay rebates to health plan members. This would happen if the companies exceed new medical loss ratio (MLR) requirements. The medical loss ratio took effect on January 1st, 2011 and according to a U.S Government Accounting [...]
Insurance Administrative Solutions Launches MedSupp eApplication
In a society where technology dominates, it is important to stay ahead. This is exactly what Insurance Administrative Solutions (IAS) has done by launching their MedSupp eApplication. Healthcarefinancenews.com reports that this new application technology “…provides further optimization to its third-party administration platform for the next wave of tech-savvy Baby Boomers.” Victor Castellanos, IAS’s Senior Vice [...]
Obama extends National Flood Insurance Program
On December 23, 2011, President Obama approved H.R. 2055, the Consolidated Appropriations Act (or the mini-bus), which extends The National Flood Insurance Program until May 31st, 2012. On this day, flood coverage would have expired for up to 5.5 million property owners in high flood-risk areas reports IFAWebnews. Leaders of the Independent Insurance Agents & [...]
FastrackCE Now Offers New “Renewal Alert” Program for Insurance Agents
The insurance industry is a fast environment and insurance agents know how important it is to keep up with the business. According to Prweb.com, FastrackCE is a website that will be offering a new “Renewal Alert” program to agents. This program will help agents in avoiding state fines for failing to complete the required CE [...]
Scarves, Toys, Candy Canes, Life Insurance?
“… The whole point of a present is to please someone you love and improve their lives. What can do that better than financial protection ensuring one’s whole future?” According to PRNewswire, Life Insurance is an ideal gift to purchase for someone you love this holiday season. There are many reasons to give this generous gift [...]
“…the most dangerous daily activity…”
The National Transportation Safety Board has called to ban the use of cell phones while driving. In regards to this, the American Insurance Association has made their support very clear, by reporting a statement that demonstrates their encouragement for the ban. This would include any sort of electronic device that may be of distraction while [...]
Insurance Agents May Be Victims of New Rule
President Obama’s health care law has introduced a new federal health insurance rule reports Politico.com. This rule was intended to expose wasteful administrative expenses, but insurance agents and brokers may become the unintended victims. The rule would affect the insurance industry by lumping the agent’s and broker’s “…commissions in with the kind of spending health care [...]
Portal Set For 2012
In an online world full of large insurance companies, independent insurance agents need to make their presence known. According to the Insurance Journal, “For at least 75 percent of consumers, the Internet is the first place they go when searching for insurance.” Starting next year, The Consumer Agent Portal LLP (CAP), will make available a [...]
A Team Effort to Fight Obesity
Medicare announced last week that it may provide support and preventative steps for patients worried about the growing rate of obesity. These preventative steps may include obesity screenings and face-to face- counseling for one month to those who are interested. Following these sessions, eligible patients may receive counseling appointments every other week for five months. [...]
