The Much Vaunted National Health Service© Strikes Again

Entirely preventable:

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Washington

Washington
By:
Published on 1887 by

|33 collotypes of scenery around Washington and one view of the State House in Hartford, Conn., dated 1887. On some covers 'With the Compliments of the Travelers Insurance' others 'Published by the Travelers Insurance'. The Notman Photo Co., Boston, Mass., produced the collotypes. ...it is impossible to be sure what their role in the printing was. The company had purchased the rights to the Artotype in 1878, but that was for a territory in Canada.|--Hanson Collection catalog, p. 93.

This Book was ranked at 29 by Google Books for keyword Insurance.

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A Practical Guide to the Insurance Act 2015

A Practical Guide to the Insurance Act 2015
By:David Kendall,Harry Knight
Published on 2017-09-25 by Informa Law from Routledge

Includes Law Commision note and text of act.

This Book was ranked at 3 by Google Books for keyword Insurance.

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Life and Health Insurance License Exam Cram

Life and Health Insurance License Exam Cram
By:Bisys Educational Services
Published on 2004-12-03 by Pearson Education

If you are studying for your life and health insurance licensing exam, we have the ultimate study tool for you. Life and Health Insurance License Exam Cram is a great resource to help you learn the concepts, laws, rate calculations and state and federal regulations that will be covered on the exam. No matter where you are taking your exam or which area you need to focus on during your studying, Life and Health Insurance License Exam Cram is your smartest way to get certified.

This Book was ranked at 16 by Google Books for keyword Insurance.

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Another Life Insurance Conundrum

We've previously discussed how one is prohibited from collecting life insurance proceeds on folks one has murdered:

"California dad charged with insurance fraud after he drove off cliff, killing autistic sons"

But what about a person who's a beneficiary of a life insurance policy, who then goes on to murder someone else? In other words, two completely different circumstances, connected only by the person in the middle?

The facts:

The mother of the monster responsible for last year's Parkland shootings passed away a few months prior to the tragedy. It then took about a year and a half for her life insurance claim to be processed [ed: it's unclear why the long delay]. After her death, but before the claim was paid, her son murdered his classmates and teachers.

And here's where it gets, well, murky (and we're only going to discuss the life insurance issues here):

The murderer is due approximately $430,000 from his mother's policy, and so he's about to lose access to his public defenders:

"Parkland school shooting suspect['] ...public defenders asked to withdraw from his case on Wednesday because the defendant stands to inherit more than $432,000 through an insurance policy."

Okay, that makes sense, PD's are (ostensibly) for those in poor financial straits. But this raises a few issues, as well:

If he hasn't actually received the money, then how can they withdraw?

And what if he doesn't actually receive it?

How would that work, you ask?

Well, according to the (poorly written and researched) news article:

"A judge could award the money to families of the shooting victims, some of whom have sued [the defendant] in civil court."

Really?

How would that work? These are two completely separate cases and courts: one civil, one criminal. The defendant's mother had no connection to the murders; indeed, he would have received the money before them had the claim been processed more quickly. Would he have then been forced to just hand over the cash in that circumstance? One doubts it, absent a plaintiff's win in civil court.

What would compel the insurance company to write the check to ... well, who knows? This just seems very unlikely.

Or am I missing something obvious?

(And by the way, if the judge did funnel the insurance money directly to ... whomever ... wouldn't that necessarily obviate the PD's recusal request?)

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War risk and certain marine and liability insurance

War risk and certain marine and liability insurance
By:United States. Congress. House. Committee on Merchant Marine and Fisheries. Subcommittee on Maritime Affairs
Published on 1949 by

Considers legislation to authorize U.S. Maritime Commission issuance of liability insurance for off-season iron ore shipments on Great Lakes for national defense needs, pt.3.

This Book was ranked at 21 by Google Books for keyword Insurance.

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Analytics for Insurance

Analytics for Insurance
By:Tony Boobier
Published on 2016-08-01 by John Wiley & Sons

The business guide to Big Data in insurance, with practical application insight Big Data and Analytics for Insurers is the industry-specific guide to creating operational effectiveness, managing risk, improving financials, and retaining customers. Written from a non-IT perspective, this book focusses less on the architecture and technical details, instead providing practical guidance on translating analytics into target delivery. The discussion examines implementation, interpretation, and application to show you what Big Data can do for your business, with insights and examples targeted specifically to the insurance industry. From fraud analytics in claims management, to customer analytics, to risk analytics in Solvency 2, comprehensive coverage presented in accessible language makes this guide an invaluable resource for any insurance professional. The insurance industry is heavily dependent on data, and the advent of Big Data and analytics represents a major advance with tremendous potential – yet clear, practical advice on the business side of analytics is lacking. This book fills the void with concrete information on using Big Data in the context of day-to-day insurance operations and strategy. Understand what Big Data is and what it can do Delve into Big Data's specific impact on the insurance industry Learn how advanced analytics can revolutionise the industry Bring Big Data out of IT and into strategy, management, marketing, and more Big Data and analytics is changing business – but how? The majority of Big Data guides discuss data collection, database administration, advanced analytics, and the power of Big Data – but what do you actually do with it? Big Data and Analytics for Insurers answers your questions in real, everyday business terms, tailored specifically to the insurance industry's unique needs, challenges, and targets.

This Book was ranked at 7 by Google Books for keyword Insurance.

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Twitter asks ... I Answer

I am not sure why, but Twitter seems to be filled lately with complaints or comments about service at their Doctor’s. To an outsider, I suppose some of the things that are done in a Doctor’s office seem inappropriate, but there really are reasons for everything that is done. I will try to answer some of the more basic questions.

Twitter Post: “Does anyone else feel like they give a full history every time you go to the doctor? I asked the girl today “maybe try writing some of this shit down.”

Reason: The Government (this will become a recurring theme) has mandated many, many questions that have to be asked once a year to ensure that you as a person are following the rules of society:

Questions such as, “Do you have a gun in the house?” My favorite answer to this one was “What does a gun have to do with a vagina?” Or, “Do you feel safe in your house?” or “Do you have fall risks?”

Sometimes the questions change based on societal changes, such as “Have you traveled to an area that had the zika virus?”

All these answers are entered into the EMR, which is uploaded to Insurances and the Government for tracking purposes.

"Why?" you may ask.

Well, falls account for the majority of Hospital Visits for elderly, costing Medicare money. If a fall can be prevented, then that is money that Medicare does not have to spend. If you do not feel safe in your house, is there a domestic violence issue, which could result in a visit to the ER which costs money? The Government (there it is again) mandates that these questions are asked once a year and then reviewed at appointments as needed.

Twitter Post: Regarding a post in an exam room explaining the difference between a problem visit and preventive visit: “From the “is it bait and switch or just dumbassery” files, this. Posted in exam room. Guarantee billing for two visits, or just some bureaucratic bullshit?”

Reason: The Government (told you this would get old) has mandated through the Center for Medicare and Medicaid Services appropriate billing. Billing is done through a series of codes defined as the Current Procedural Terminology. There are two sets of codes for Office Visits, Preventive Visits and Problem Visits. The Preventive visits are your yearly checkups to ensure you are healthy, i.e. preventive care. These visits cannot be combined with any Problems you may have, such as that rash on your foot that has been there for 6 months but you waited for your preventive visit to talk about it.

The ACA ruled that Preventive visits are paid for at 100% by Insurance companies. Since Insurance companies are paying in full for these visits, they do not want to pay for any Problems that by coding rules are financially the patient’s responsibility.

Thus, these visits are separate and identifiable from one another and must either be done at separate times or if done at the same visit, both codes are billed and you the patient will pay your portion. 

Twitter Post: There is so much turnover at my doctor’s office, new staff every 6 months.

Reason: Good employees are hard to find for any business, but healthcare is even more difficult. The reason is very simple, healthcare is hard work and pay is low. Many staff find that they can make more money in other career fields and get tired of the abuse from patients and doctors, the long hours, and the Government (yep) regulations that they must follow.

Well, that one seems easy to fix, pay the staff more.

There is one problem: Doctor’s make the money in a Medical Office and payments from Insurance Companies have not kept up with the cost of overhead. The fee schedule is based on the Government Medicare Fee Schedule, which has been kept flat since 1996. What this means is that for 20 years, the reimbursement for medical services has not significantly increased to allow for Doctor’s to stay in business. The result of this is Doctor’s selling their practice to large groups or Hospitals and salaries staying flat.

Due to Government Regulations (yep, it is here, too), the average staff to Doctor ratio is 3 staff to every Doctor. So, the Doctor must make enough money to pay his or her staff and the overhead of the medical office, we all like electricity and running water. I know of many, many offices where staff do not get raises or must take on more of the benefits costs themselves, that is if the office can afford to offer benefits.

If you have any burning questions about why your doctor’s office does something feel free to ask.

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Essentials of Insurance Law

Essentials of Insurance Law
By:Timoteo B. Aquino
Published on 2009 by

This Book was ranked at 4 by Google Books for keyword Insurance.

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The Handbook of Insurance-Linked Securities

The Handbook of Insurance-Linked Securities
By:Pauline Barrieu,Luca Albertini
Published on 2010-06-15 by John Wiley & Sons

|Luca Albertini and Pauline Barrieu are to be congratulated on this volume. Written in a period where structured projects in finance are having a difficult time, it is worthwhile to return to the cradle of securitisation: insurance. Spread out over three parts (life, non- life, and tax and regulatory issues) the 26 chapters, written mainly by practitioners, give an excellent overview of this challenging field of modern insurance. Methodology and examples nicely go hand in hand. The overall slant being towards actual analyses of concrete products. No doubt this book will become a milestone going forward for actuarial students, researchers, regulators and practitioners alike.| —Paul Embrechts, Professor of Mathematics and Director of RiskLab, ETH Zurich The convergence of insurance with the capital markets has opened up an alternative channel for insurers to transfer risk, raise capital and optimize their regulatory reserves as well as offering institutions a source of relatively liquid investment with limited correlation with other exposures. One of the financial instruments allowing for the cession of insurance-related risks to the capital markets is Insurance-Linked Securities (ILS). This book provides hands-on information essential for market participants, drawing on the insights and expertise of an impressive team of international market players, representing the various aspects and perspectives of this growing sector. The book presents the state of the art in Insurance-Linked Securitization, by exploring the various roles for the different parties involved in the transactions, the motivation for the transaction sponsors, the potential inherent pitfalls, the latest developments and transaction structures and the key challenges faced by the market. The book is organized into parts, each covering a specific topic or sector of the market. After a general overview of the ILS market, the Insurance-Linked Securitization process is studied in detail. A distinction is made between non-life and life securitization, due to the specificities of each sector. The process and all the actors involved are identified and considered in a comprehensive and systematic way. The concepts are first looked at in a general way, before the analysis of relevant case studies where the ILS technology is applied. Particular focus is given to: the key stages in both non-life and life securitizations, including the general features of the transactions, the cedant's perspectives, the legal issues, the rating methodologies, the choice of an appropriate trigger and the risk modeling, the particular challenges related to longevity securitization, the investor's perspective and the question of the management of a portfolio of ILS, the general issues related to insurance-linked securitization, such as accounting and tax issues, regulatory issues and solvency capital requirements. The book is accompanied by a website www.wiley.com/go/albertini_barrieu_ILS which will feature updates and additions to the various contributions to follow market developments.

This Book was ranked at 12 by Google Books for keyword Insurance.

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Ooooh! We get to break *another* "Embargo

Several weeks ago, I mentioned that I would now be routinely breaking so-called "embargoes" foisted upon us by self-important PR flacks:


So here's the second in this presumably on-going series:

"I’m reaching out with the embargoed news that Limelight Health, the most efficient and compelling quoting, underwriting, and proposal platform for the employee benefits industry, is announcing a unique integration with [a] global financial services provider."

Well good for them!

In the unlikely event that readers might be interested, here's the link to Limelight Health.

[Caveat clicker]

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Friday FunLinks

Despite the fact that there are currently no true catastrophic health insurance plans available, Health Savings Accounts remain popular:
Very interesting.


Seems like things will have to get worse before (if?) they get better:

#Medicaid4All

Some time ago, we posted on a unique service that helped facilitate end-of-life care decisions:


The Vital Decisions service still provides "counseling services to advanced illness patients near end-of-life." And now, at least one insurance carrier is getting on the bandwagon (of sorts):
Nice.

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(Un?)Intended Consequences #1,483

About eight years ago, we noted that one of RomneyCare's explicit promises was to reduce ER visits. RomneyCare being, of course, a precursor to ObamaCare, and the ER one of the most expensive pieces of the health care pie.

Of course, that's not what happened:

"... according to a report from the Division of Health Care Finance and Policy, expanded coverage may have contributed to the rise in emergency room visits"

Why's that, you ask? Well, because "newly insured residents entered the health care system and could not find a primary care doctor or get a last-minute appointment with their physician."

Hunh.

But that was then, and this is now, and surely the ACA has tamped down on ER (over-)utilization, right?

Right??

Well, you may want to sit down for this:

Surprise!

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Medicare, Social Security, in Trouble - AGAIN

Here we go again. Another year, another Trustee report, stating Medicare and Social Security will be insolvent in a few more years.

The solution?

Increase Medicare premiums and cut Social Security benefits.

Solving the Medicare Problem

Medicare Part B premiums are paid by Medicare beneficiaries. Most are retired. A few (like me) still work because we enjoy what we do.

But many of those age 65 and older work because they HAVE TO.

There are 160 million people in the U.S. labor force.

Currently 44 million are on Medicare.

Rather than raising premiums and cutting benefits on the 44 million on Medicare, why not RAISE TAXES on those still working?

Just saying . . .

read more - https://www.gamedicarenews.com/2019/04/23/medicare-social-security-unsustainable/

#GAMedicareExpert #GAMedicareNews


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PEICL

PEICL
By:Project Group Restatement of European Insurance Contract Law
Published on 2009 by sellier. european law publ.

In this volume, the Project Group |Restatement of European Insurance Contract Law| presents its Principles of European Insurance Contract Law (PEICL). These principles were submitted to the European Commission as a Draft Common Frame of Reference of European Insurance Contract Law (DCFR Insurance). The volume comprises the PEICL/DCFR Insurance, as well as translations into Czech, Dutch, French, German, Greek, Hungarian, Italian, Polish, Portuguese, and Spanish. It sets out the approach used by the Project Group, how the PEICL/DCFR Insurance relates to the overall DCFR, the participation of the Project Group in the CoPECL (Common Principles of European Contract Law) Network, as well as the general structure and characteristics of the PEICL/DCFR Insurance. The Project Group has also drafted the PEICL/DCFR Insurance as a model for an Optional Instrument of European Insurance Contract Law.

This Book was ranked at 7 by Google Books for keyword Insurance.

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Tuesday Morning LinkFest

The good news is that we're starting to see real progress in the world of 3-D printed medical items, from prosthetics to tissue to actual working organs. But that latter may pose some interesting (and, perhaps unexpected) concerns. As FoIB Holly R alerts us:

"Within a decade, manufactured hearts could obviate the need for organ donations; ethicists highlight potential pitfalls along the way ... But not everybody is gung-ho about the heart breakthrough, citing ethical implications — like whether it will widen the gap between rich and poor, and whether superhuman hearts or other mutations can also be manufactured."

So far, this is all hypothetical (the 3-D printed heart is not yet functional), but that day may be fast approaching.

After all, just because we can ...

As we've often pointed out, coverage ≠ care, and one of the most significant challenges facing the Medicaid4All folks is the question of just who will provide that care:

"The CMS saw a sharp decrease in the number of providers opting out of Medicare in 2017, after several years where thousands indicated that they did not want to participate in the program."

This is what is known in the nomenclature as a "trend."

See also: "Be careful what you wish for..."

A little over 5 years ago, co-blogger Patrick sounded the alarm about "tier creep" as it relates to Actuarial Value. His thesis was that rate and cost-sharing increases were essentially baked into the ObamaCare cake:

"However, there are a few big secrets they aren't telling you - ones that year after year will negatively impact everyone. They are called actuarial value, cost sharing limits, and indexing."

I highly recommend that folks read the whole thing.

And now, half a decade later, FoIB Greg Fann continues to bang the drum:

Good (if alarming) stuff.

BONUS: Remember when they said that suspending the tax/fine/penalty mandate would result in millions of people losing their insurance?

Funny thing and (you may want to sit down for this), but that didn't actually happen:


Imagine that.

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Holy Week and Notre Dame Cathedral

I doubt there is nary a soul anywhere that is not aware that "Our Lady" of Paris, Notre Dame Cathedral, suffered a terrible tragedy this week. One does not need to be Catholic to feel at least some sense of loss.


Even those who are not religious seem to at least share a sense of loss in this building that has stood for over 800 years.

The Cathedral averages over 30,000 visitors per day. More than even the Eiffel Tower.

While this is a great loss, some view it as a symbol of rebirth for the building, Catholics worldwide and many others with no affiliation with the church.

Donations to rebuild the structure exceed $1 billion in just a few days. Last week fund raising efforts for restoration hovered around $50 million.

Unexpected loss has an unusual impact on people.

"There is something about the brick and mortar stones, placed there by believing people, that can communicate to people. They know they are on holy ground, and it's not because the place is holy, but because it is made holy by the faith of the people there," he said. - The Church News

The fire occurred at the start of Holy Week.

"If there is a moment when Christians should be ready to mourn the death of something, but to believe in the resurrection of something, it's Holy Week," Father McCarthy said.

"It is my belief that something is going to rise from these ashes," he said, noting that even the pagan myth of the phoenix and the ashes can bring hope after the day's events.

When Jesus was on Earth he said "Tear down this Temple and I will rebuild it in three days".

Those who heard him, including his followers, did not understand the true meaning of his words. Some even scoffed and said "It took 46 years to build this Temple. How can you build it in 3 days?".

He was of course referring to his body as the Temple. And he was prophesying about his death, followed by the resurrection three days later.

Notre Dame will not be rebuilt in 3 days or even 3 years. But I have no doubt the Cathedral will one day return and welcome all who come.

Blessings

#NotreDameCathedral

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Ai & Quantum Computing For Finance & Insurance: Fortunes And Challenges For China And America

Ai & Quantum Computing For Finance & Insurance: Fortunes And Challenges For China And America
By:Lee David Kuo Chuen,Schulte Paul
Published on 2019-04-16 by World Scientific

This book offers a framework and analysis for the current technological landscape between the United States and China across the financial and insurance sectors as well as emerging technologies such as AI, Blockchain, Cloud and Data Analytics and Quantum Computing (ABCDQ). Based on original lecture slides used by the authors, the book presents contemporary and critical views of emergent technologies for a wide spectrum of readers from CEOs to university lecturers to students. The narrative aims to help readers upgrade their technology literacy and to overcome the fear of AI posed by our lizard brain.

This Book was ranked at 21 by Google Books for keyword Insurance.

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The relation of life insurance to the credit fabric of business

The relation of life insurance to the credit fabric of business
By:Alonzo Barton Hepburn,Association of Life Insurance Presidents
Published on 1914 by

This Book was ranked at 29 by Google Books for keyword Insurance.

Book ID of The relation of life insurance to the credit fabric of business's Books is 5W05AAAAMAAJ, Book which was written byAlonzo Barton Hepburn,Association of Life Insurance Presidentshave ETAG "fSVB44Ol/q0"

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Macroprudential Supervision in Insurance

Macroprudential Supervision in Insurance
By:J. Monkiewicz,M. Malecki,Marian Ma?ecki
Published on 2014-11-04 by Springer

Macroprudential policies, tools and supervision have become important since the last financial crisis. This book addresses general and methodological issues and provides a framework for the analysis of macroprudential policies and supervision in insurance. It focuses on policy related issues and global level aspects of macroprudential in insurance.

This Book was ranked at 11 by Google Books for keyword Insurance.

Book ID of Macroprudential Supervision in Insurance's Books is 6iRHBQAAQBAJ, Book which was written byJ. Monkiewicz,M. Malecki,Marian Ma?eckihave ETAG "qgh8mgFS+tA"

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Chag Pesach Sameyach!

This evening marks the beginning of our annual observance of the Exodus, beginning with the lighting of candles. We will recount the story itself, and, as always, I've found some interesting readings to supplement that.

Of course, beyond the ritual and the special foods lies the central theme of liberation and freedom. May we never take either of these for granted.

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Principles of Risk Management and Insurance

Principles of Risk Management and Insurance
By:George E. Rejda
Published on 2011 by

For undergraduate courses in Risk Management and Insurance. This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States Complete and current coverage of major risk management and insurance topics. Principles of Risk Management and Insurance is the market-leading text for this course, ideal for undergraduate courses and students from a mix of academic majors. Focusing primarily on the consumers of insurance, this text blends basic risk management and insurance principles with consumer considerations. This edition addresses the unprecedented events that have occurred in today's economy, highlighting the destructive presence of risk to students.

This Book was ranked at 10 by Google Books for keyword Insurance.

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The Hidden Value in Your Life Insurance

The Hidden Value in Your Life Insurance
By:Darwin M. Bayston,Daryn N. Teague
Published on 2016-06-21 by Abbott Press

Thirty-three percent of Americans have no retirement savings or pension, according to the Federal Reserve. No wonder so many of us are nervous about our ability to retire. Fortunately, there is an asset that many American seniors have at their fingertips that they can use to fund their retirements. Most of them dont even realize it. Darwin M. Bayston, a chartered financial analyst, and Daryn N. Teague, a public relations consultant who works with providers of legal and financial services, created this simple consumer guide to help people unlock the hidden value in their life insurance policies. Learn how to: find out the things that insurance companies dont want you to know; improve your quality of life in retirement; eliminate what could be an unnecessary expense; and reduce stress by gaining peace of mind about retirement. Some life insurance companies actually prohibit the agent who sold you a policy from telling you about the strategies revealed in this guide. Find out about all of the options at your disposal by learning about The Hidden Value in Your Life Insurance.

This Book was ranked at 38 by Google Books for keyword Insurance.

Book ID of The Hidden Value in Your Life Insurance's Books is SmaMDAAAQBAJ, Book which was written byDarwin M. Bayston,Daryn N. Teaguehave ETAG "th31/2WzVDA"

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An #InconvenientTruth

About that CanuckCare being such a great deal:
Heh.

[Hat Tip: FoIB Michael B]

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Insurance Coverage Litigation

Insurance Coverage Litigation
By:Eugene R. Anderson,Jordan S. Stanzler,Lorelie S. Masters
Published on 1999 by Aspen Publishers Online

The absence of persuasive precedents may prevent some attorneys from framing the effective policyholder arguments in insurance coverage litigation. With Insurance Coverage Litigation, Second Edition, youand’ll discover how the experts analyze the facts to win your next insurance coverage case. This unique resource provides comprehensive examination of the full range of issues shaping insurance coverage cases being heard in the courts todayand—including the publicly available, but hard-to-find industry and“loreand” that savvy insurance practitioners use to win complex insurance coverage cases. Whichever side you represent in the billion dollar insurance coverage field, this work contains vital information you canand’t afford to be without when preparing a case for state or federal court. Insurance Coverage Litigation supplies: Extensive analyses of case law on insurance coverage issues arising under general liability insurance policies. Sample CGL Policy Forms. The most in-depth discussion of the drafting history of standard-form general liability insurance policy languageand—including language derived from the insurance industryand’s own representations to the public, governmental agencies, courts and policyholdersand—one of the most powerful tools available to policyholders. Easy-reference tables and state-by-state summaries that help you quickly grasp and compare court interpretations on a broad range of issues including the reasonable expectation doctrine, trigger of coverage and allocation, notice of claim or action, and insurability of punitive damages. Cutting edge analysis and guidance on rapidly evolving areas such as environmental liability, intellectual property disputes, and“cyberand” losses and liability, terrorism coverage, and more.

This Book was ranked at 5 by Google Books for keyword Insurance.

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Life Insurance : Origin and History

Life Insurance : Origin and History
By:Theodore Wehle
Published on 2016-10-19 by Editions Le Mono

ORIGIN AND HISTORY OF LIFE INSURANCE. |Among the nations of antiquity, the Romans were the first to make an effort to arrive at a law of mortality. To this they were led indirectly by their highly developed system of jurisprudence. It became necessary at times to fix the value of life-estates, i. e., property owned during lifetime only, without the right of alienation or bequest, and to do so the probability of life had to be estimated. It appears that the method in common use was about equivalent to assuming that all persons who attain the age of thirty would certainly live to the age of sixty, and then certainly die. This purely arbitrary assumption was probably accepted by jurists as the simple solution of a difficult problem.|

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Handbook of Insurance

Handbook of Insurance
By:Georges Dionne
Published on 2001-05-31 by Springer Science & Business Media

In the 1970's, the research agenda in insurance was dominated by optimal insurance coverage, security design, and equilibrium under conditions of imperfect information. The 1980's saw a growth of theoretical developments including non-expected utility, price volatility, retention capacity, the pricing and design of insurance contracts in the presence of multiple risks, and the liability insurance crisis. The empirical study of information problems, financial derivatives, and large losses due to catastrophic events dominated the research agenda in the 1990's. The Handbook of Insurance provides a single reference source on insurance for professors, researchers, graduate students, regulators, consultants, and practitioners, that reviews the research developments in insurance and its related fields that have occurred over the last thirty years. The book starts with the history and foundations of insurance theory and moves on to review asymmetric information, risk management and insurance pricing, and the industrial organization of insurance markets. The book ends with life insurance, pensions, and economic security. Each chapter has been written by a leading authority in insurance, all contributions have been peer reviewed, and each chapter can be read independently of the others.

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Hungary in line [UPDATED]

[Scroll down for Update]

We often post about these things in England and Canada, maybe Sweden, but this marks the first time we've blogged on the (troubled) Hungarian health care system:


By way of background:


Talk about double-billing.

And for all that, they still can't provide timely care to their citizens, many of whom actually have to wait years for necessary surgery and other services. The truth is that, as with ObamaCare, coverage ≠ care.

#Medicaid4All


UPDATE: Speaking of England (see top of post), here's more devastating info from its Much Vaunted National Health Service©:

"Tens of thousands of elderly people in UK are left struggling to see because of NHS cost-cutting drive that relies on them dying before they can qualify for cataract surgery"

I see.

[Hat Tip: Holly R]

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Ten Years On: Updating an InsureBlog Exclusive

Long-time readers may recall our series of interviews with attorney Kent Brown about his lawsuit against the Fed's "because Social Security officials claim that folks must forfeit their Social Security benefits if they withdraw from (or choose not to enroll in) Medicare."

[ed: Original and follow-up posts are here and here]

One would think that since neither of these are in any way legislatively connected, this would be a non-issue.

One would think that, but one would be incorrect:

"Is there something in the original Medicare legislation that dictated this? Surprisingly, the answer is no ... Nothing in the Social Security or Medicare statutes state that one must take Medicare in order to receive Social Security payments (or vice versa)"

So how did this come about?

Two words: Washington, DC.

Now, fast forward a decade, and there seems to be some light at the end of the tunnel:

Nice! So I once again reached out to Mr Brown for his thoughts, and to confirm that this was in fact related to his case, and he graciously replied:

"Good evening to you!

Yes. It has EVERYTHING to do with my case. The whole purpose of the Retirement Freedom Act is to address what the U.S. Court of Appeals refused to do, but should have done. I hope this matter can be addressed legislatively.  The Washington Examiner article is very good. Thanks for sending it along
."

So we'll be watching this closely as it wends its way through The Hallowed Halls.

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Annual Report by the Director of Insurance

Annual Report by the Director of Insurance
By:Illinois. Dept. of Insurance
Published on 1872 by

This Book was ranked at 33 by Google Books for keyword Insurance.

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Healthcare Down Under

It's been almost 8 years since we last wrote about Oz's version of the MVNHS©:

"Australia's national health care system (which is called, interestingly enough, Medicare) seems to have a problem. Although "(p)rimary health care remains the responsibility of the federal government," said government isn't actually keen on providing it."

But that was then, and this is now:

Hunh:

By contrast, current Medicaid For All proposals all outlaw private plans.

One wonders why...

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National Health Insurance in the United States and Canada

National Health Insurance in the United States and Canada
By:Gerard W. Boychuk
Published on 2008-07-02 by Georgetown University Press

After World War II, the United States and Canada, two countries that were very similar in many ways, struck out on radically divergent paths to public health insurance. Canada developed a universal single-payer system of national health care, while the United States opted for a dual system that combines public health insurance for low-income and senior residents with private, primarily employer-provided health insurance—or no insurance—for everyone else. In National Health Insurance in the United States and Canada, Gerard W. Boychuk probes the historical development of health care in each country, honing in on the most distinctive social and political aspects of each country—the politics of race in the U.S. and territorial politics in Canada, especially the tensions between the national government and the province of Quebec. In addition to the politics of race and territory, Boychuk sifts through the numerous factors shaping health policy, including national values, political culture and institutions, the power of special interests, and the impact of strategic choices made at critical junctures. Drawing on historical archives, oral histories, and public opinion data, he presents a nuanced and thoughtful analysis of the evolution of the two systems, compares them as they exist today, and reflects on how each is poised to meet the challenges of the future.

This Book was ranked at 25 by Google Books for keyword Insurance.

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Actuarial Models for Disability Insurance

Actuarial Models for Disability Insurance
By:S Haberman,E Pitacco
Published on 2018-12-13 by Routledge

Disability insurance, long-term care insurance, and critical illness cover are becoming increasingly important in developed countries as the problems of demographic aging come to the fore. The private sector insurance industry is providing solutions to problems resulting from these pressures and other demands of better educated and more prosperous

This Book was ranked at 24 by Google Books for keyword Insurance.

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Live Your Life Insurance

Live Your Life Insurance
By:Kim Butler
Published on 2015-11-11 by Createspace Independent Publishing Platform

|Live Your Life Insurance| shows you exactly how you can take advantage of one of the most common, but misunderstood, financial tools. In it, you'll discover exactly how you can use your life insurance to benefit you while you are alive - and help you build financial security. In addition, it will reveal ways to make the best of your policy no matter what age you are. Most people don't realize what a powerful tool they have in their life insurance policies - this book will be your guide.

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Under the Radar Long Term Care issue

We blog pretty regularly about Long Term Care (LTC), and more specifically about Long Term Care insurance (LTCi). But we haven't really spent much time discussing the impact of caring for a loved one can have on one's own finances. The last time we addressed the issue was almost a decade ago:

"About 73% of the primary caregivers – and 40% of the secondary caregivers – said they had reduced contributions to savings accounts as a result of caregiving responsibilities, and 80% of the primary caregivers and 55% of the secondary caregivers said they had reduced retirement contributions."

So we see that immediate and long term consequence in terms of savings. But what about earnings?

Recently, colleague Ian Kremer alerted us to this article that addresses the question of re-entering the workforce after an extended absence to care for a loved one:

"For the individuals that had to take a long break from their career to become a full-time caregiver the prospect of re-entering the workforce can be intimidating. Most likely you will find unique challenges that may make it difficult to land the job that you want. There are some ways that you can prepare for success."

As I replied on Twitter:

"This is an important issue, and one that very few people (especially those caregivers) have thought out beforehand."

Really recommended.

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Earthquakes and Earthquake Insurance

Earthquakes and Earthquake Insurance
By:United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Policy Research and Insurance
Published on 1990 by

This Book was ranked at 6 by Google Books for keyword Insurance.

Book ID of Earthquakes and Earthquake Insurance's Books is RDQgAAAAMAAJ, Book which was written byUnited States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Policy Research and Insurancehave ETAG "iicpiGlj5Tg"

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Coverage Matters

Coverage Matters
By:Institute of Medicine,Board on Health Care Services,Committee on the Consequences of Uninsurance
Published on 2001-10-27 by National Academies Press

Roughly 40 million Americans have no health insurance, private or public, and the number has grown steadily over the past 25 years. Who are these children, women, and men, and why do they lack coverage for essential health care services? How does the system of insurance coverage in the U.S. operate, and where does it fail? The first of six Institute of Medicine reports that will examine in detail the consequences of having a large uninsured population, Coverage Matters: Insurance and Health Care, explores the myths and realities of who is uninsured, identifies social, economic, and policy factors that contribute to the situation, and describes the likelihood faced by members of various population groups of being uninsured. It serves as a guide to a broad range of issues related to the lack of insurance coverage in America and provides background data of use to policy makers and health services researchers.

This Book was ranked at 32 by Google Books for keyword Insurance.

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Sloppy Carrier "Service"

How long does it take to add a person to a small group plan?

Apparently a lot longer than the 48 hours we were promised on Monday.

Backstory:

Anthem small group client, looking for April 1 effective date for new hire (when he became eligible). Sent in the paperwork mid-March.

Which paperwork was apparently not entirely legible on Anthem's end (it happens), so they requested another, cleaner copy, which we then provided.

April 1 comes and goes, no sign of his ID card, nor any indication that he's been added to the group. I keep calling our contact person, who keeps checking, and on Monday was told would be done in 48 hours.

That was something like 100 hours ago, and still no sign of him on the group roster, and no ID card , temporary or otherwise.

And he's still not on the group billing roster.


Now, because I'm basically a nice guy, yesterday afternoon I gave their media folks a heads' up, and invited them to address the issue.

Which they did and, to their credit, responded very quickly. Meanwhile, my Cornerstone rep was also working her magic. I was hopeful that between the two of us, we could help this client out.

This morning, she came through, and I learned just what the holdup was: Anthem was conflating the employee's hire date and eligibility date. Once she was able to help them resolve this, we were able to obtain usable ID information.

I'd like to say that this was resolved to my satisfaction, but it really wasn't: for one thing, the time it took to get it resolved was ridiculous, and the fact that Anthem didn't reach out to me to confirm these dates was just dumb. I'm clearly listed as the agent, and they have both my phone number and email address.

I do appreciate the help offered by Anthem's media folks, Jill B and Leslie P. And, of course, the immeasurable aid rendered by my Cornerstone rep, Beth D.

They say that all's well that ends well, but I don't think that applies here. I realize that no one's perfect, and that companies have processes, but when you have sick or injured folks who've done their part in getting you the information required of them, it seems to me that you have an obligation to also act expeditiously on their behalf.

We'll see if that happens going forward.

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H.R. 1257, Federal Insurance Administration Act

H.R. 1257, Federal Insurance Administration Act
By:United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Credit and Insurance
Published on 1994 by

This Book was ranked at 7 by Google Books for keyword Insurance.

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Cancer & Life Insurance: A Step Forward

Our friends at Issue Insurance sent along this news from life insurer Symetra (A M Best Rating A):

"SYMETRA’S PREFERRED CANCER PROGRAM

 
With over 14 million people receiving a diagnosis each year, cancer is one of the world’s most pressing health challenges.2 However, thanks to progress in research, cancer patients today are living longer than ever before—many in full remission. That’s why at Symetra, we believe your clients deserve a second look when it comes to qualifying for life insurance coverage.

Designed for clients with low-grade cancer histories, our Symetra Preferred Cancer Program is an underwriting program that can help provide your clients with the opportunity to receive up to a Preferred underwriting rate, allowing them to get more affordable life insurance coverage.

Check out our Symetra Preferred Cancer Program flyer to learn more about this underwriting innovation
."

Great news!

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