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Countries Requiring Proof of Medical Insurance

Read the full article on at - Countries Requiring Proof of Medical Insurance When you travel overseas, you know you need to bring your passport and any appropriate visas or you won’t get in. But now, as medical costs have grown, more countries are now requiring you to have — and show — proof of travel medical insurance in order to enter. These places include Iceland, Norway, Switzerland,... The post Countries Requiring Proof of Medical Insurance appeared first on Peter Greenbe...
Tags: Travel, Insurance, PeterGreenberg, Peter Greenberg, Medical Insurance, The Essentials, Iceland Norway Switzerland, Countries Requiring Proof of Medical Insurance

"Occurrence" Viewed From Eyes of Insured

    The court determined that a young girl's suicide prompted by the insured's text messages constituted an occurrence under the homeowner's policy. State Farm Fire and Cas. Co. v. Motta , 2018 U.S. Dist. LEXIS 208472 (E.D. Pa. Dec. 11, 2018).     High school student Zach Trimbur harassed and cyberbullied classmate Julia Morath. When the boy's parents, Walter Trimbur and Stephanie Moota, were informed, they assured school administrators they would supervise, discipline and control their son. Ye...
Tags: Insurance, Pennsylvania, State Farm, Zach, Julia, Motta, Duty to Defend, Tred Eyerly, Occurrence, State Farm Fire, Cas Co, State Farm State Farm, Zach Trimbur, Julia Morath, Walter Trimbur, Stephanie Moota

Liability roundup

Legislative relief finally in sight in Florida’s assignment of benefits mess? [Michael Moline, Florida Politics, Insurance Journal on this Insurance Information Institute white paper, Jim Saunders, News Service of Florida and more, Rocco English, Florida Daily, earlier] Update on 2018 developments in civil justice [Mark Behrens and Christopher Appel, Federalist Society] “Costs and Compensation of the U.S. Tort System” for 2016 [U.S. Chamber Institute for Legal Reform] In first case to reac...
Tags: New York Post, Florida, Law, Uncategorized, Insurance, Tort Reform, State Farm, Arbitration, U S Chamber Institute for Legal Reform, wayward Republicans, Mark Behrens, Julia Marsh, John McGinnis Law, Daniel Fisher Legal NewsLine Forbes, Jim Beck, Judicial Elections

Indonesian e-commerce unicorn Bukalapak raises $50M

The chances are you may be familiar with Tokopedia, especially after it commanded a $7 billion valuation last November when it raised $1.1 billion from investors like Alibaba and SoftBank’s Vision Fund, but fewer people outside of Indonesia are aware of another sizable local online retail unicorn: Bukalapak. Smaller than Tokopedia in size, the company is valued at $1 billion — it became Indonesia’s fourth unicorn one year ago. The country, which is Southeast Asia’s largest economy and has a popu...
Tags: Fundings & Exits, Ecommerce, Asia, Indonesia, Southeast Asia, Softbank, Funding, Insurance, Tech, E-commerce, Economy, Alibaba, Alibaba Group, Ant Financial, Sequoia, Online Marketplaces

New policy puts revenue squeeze on China’s payments giants

The era that saw China’s mobile payments providers making handsome interest returns on client money has officially ended. Starting this week, non-bank payments companies must place 100 percent of their customer deposit funds under centralized, interest-free accounts as Beijing moves to rein in financial risks. In the past, third-party payments firms were allowed to hold pre-paid sums from buyers for a short period of time before transferring the money to merchants. This layout allowed companies ...
Tags: Asia, China, Insurance, Tech, Banking, E-commerce, Beijing, Alibaba, Tencent, Bank, Payments, Alibaba Group, Ant Financial, Online Payments, Financial Services, Mobile Payment

Complaint Against Life Insurance Agent Survives Motion to Dismiss

    The plaintiff's suit against her agent for allegedly misleading her regarding certain investment strategies for proceeds of a life insurance policy and fees survived the agent's motion to dismiss.  Waldemar v. Golden , 2018 U.S. Dist. LEXIS 204801 (M.D. Fla. Dec. 4, 2018).     The facts were based upon the allegations in the complaint. Golden, the agent, sold a life insurance policy to plaintiff's husband. After her husband's death, Golden contacted plaintiff and offer his services to handle...
Tags: Insurance, Ira, Fla, Golden, Plaintiff, Tred Eyerly, First Party Insurance, Waldemar, Complaint Against Life Insurance Agent

Forrester’s Global Financial Services Architecture Online Survey

We’ve kicked off some new research, and we need your help.  An important part of Forrester’s research process is gathering input from financial services companies, so we can advise our clients on the latest trends in the market. We’re currently fielding a survey for vendors, end users, and experts that will provide the key input […]
Tags: Ecommerce, Insurance, Banking, Financial Services, Forrester

Grab moves to offer digital insurance services in Southeast Asia

Grab is Southeast Asia’s top ride-hailing firm, thanks in no small part to its acquisition of Uber’s local business last year, but the company also houses an ambitious fintech arm, too. That just added another vertical to its business after Grab announced it is teaming up with China’s ZhongAn to introduce insurance. Grab and ZhongAn International, the international arm of the Chinese insurance giant, said today they will create a joint venture that will provide digital insurance services acro...
Tags: Google, Uber, Asia, Indonesia, China, Southeast Asia, Singapore, Collaborative Consumption, India, Softbank, Insurance, Tech, Thailand, Tencent, Vietnam, Meituan

Insured Proves Collapse, but Fails to Establish Any Value for Loss

    While the insured was able to carry his burden to show the collapse of a roof, he failed to establish damages under the policy.  Iannucci v. Allstate Ins. Co. , 2018 U.S. Dist. LEXIS 203687 (N.D. N.Y. Dec. 3, 2018).      In 2005, the insured purchased a parcel of land together with a three-story building constructed in 1870. No one resided in the building at the time of purchase or afterward. The building was not well maintained and all utilities were shut off. No work was done on the buildi...
Tags: Insurance, Collapse, Allstate, Tred Eyerly, First Party Insurance, All-Risk Policy, Iannucci, Actual Cash Value, Allstate Ins

Damon Key Team Argues Bad Faith Case Before Hawaii Supreme Court

    Our Damon Key team argued a bad faith case before the Hawaii Supreme Court today,  Adams v. Hawaii Medical Service Association , SCWC-15-0000396.     Pictured below: Joanna Zigler, Rafael del Castillo, Tred Eyerly and Robert Thomas. [Author: Tred Eyerly]
Tags: Insurance, Administrative, Adams, Hawaii Supreme Court, Robert Thomas, Hawaii Medical Service Association, Tred Eyerly, Damon Key, Joanna Zigler Rafael del Castillo Tred Eyerly

Labor Costs Not Excluded From Depreciation When Determining Actual Cash Value

    The court dismissed a class action suit against State Farm which sought to establish that a calculation of actual cash value (ACV) in a homeowners policy could not depreciate the cost of labor.  Cranfield v. State Farm Fire & Cas. Co. , 2018 U.S. Dist. LEXIS 199618 (N.D. Ohio Nov. 26, 2018)     Cranfield submitted a claim to State Farm after his home was damaged by a storm. An adjuster inspected the damage and an estimate for repair was sent to Cranfield. The total cost to repair the damage,...
Tags: Insurance, Ohio, State Farm, ACV, Tred Eyerly, First Party Insurance, Cranfield, State Farm Fire Cas, Actual Cash Value

Big List of Free Consumer Data Reports (2/2): See Your Confidential Rental History, Insurance, Retail, & Employment Data

Links checked and new agencies added for 2019. Here is the second part of my big list of free consumer reports from over 50 different reporting agencies. The first part included your credit, banking, and subprime lending-related information. This part includes your housing, insurance, and employment history. Request a free copy every 12 months of what these databases have stored about you and are telling prospective landlords, insurers, or employers. Again, you may not need to check all of t...
Tags: Career, Real Estate, Wikipedia, Marketing, Insurance, LexisNexis, Ftc, Equifax, Employment Data, Contemporary Information Corp CIC, Screening Reports Inc, Automated Property Loss Underwriting System Auto, Verisk, Verisk Provide, Medical Information Bureau, Milliman IntelliScript

Emerging Cyber Risks

Cyber risks continue to evolve, and some comprehensive Cyber Risk Insurance (also called Data Breach, Privacy and Network Security insurance coverage) polices adjust as well to keep up.
Tags: Insurance

Non-compliance With Endorsement Means No Indemnity Coverage

    The insured's failure to verify that subcontractors had CGL policies and to provide a contract stating that the subcontractors would indemnify the insured as required by the policy's endorsement meant there was no coverage for the insured.  Cincinnati Spec. Underwriters Ins. Co. v. Milionis Constr., Inc. , 2018 U.S. Dist. LEXIS 199658 (E.D. Wash. Nov. 26, 2018).      The homeowners filed suit against Milionis, the general contractor for construction of a home. The underlying suit alleged tha...
Tags: Insurance, Cincinnati, Additional Insured, Comprehensive General Liability, Construction Defects, Tred Eyerly, Cincinnati Spec Underwriters Ins Co, Milionis Constr Inc, Milionis, Milionis Cincinnati, Cincinnati Milionis

Big List of Free Consumer Data Reports (1/2): See Your Confidential Credit, Banking, and Payday Lending Data

All info double-checked and updated for 2019. Since these are available every 12 months, it is a good idea to check these near or around the same time each year. A lot of companies make their money by collecting and selling data – your personal data. In the past, it was often difficult if not impossible to see what they were telling prospective lenders, landlords, even employers about you. Under the FCRA and/or FACT Acts, many consumer reporting agencies (CRAs) are now legally required to ...
Tags: Real Estate, Free, Wikipedia, Marketing, Insurance, Banking, LexisNexis, Ftc, TransUnion, FCRA, Newyear, Credit Related Experian Equifax, SageStream LLC, Payment Reporting Builds Credit PRBC Microbilt, United States Free, ChexSystems

Auto marketplace CarDekho grabs $110M to double down on insurance and financial services

CarDekho, an online marketplace for car sales in India, has pulled in a new $110 million Series C funding round from a clutch of existing investors to push deeper into financial services and insurance. Sequoia India, Hillhouse and Alphabet’s CapitalG led the round which also saw participation from Axis Bank, one of CarDekho’s financing partners. [Update] The company confirmed that the deals gives it a valuation of $400-$500 million, that’s in line with a report from Economic Times one mon...
Tags: Fundings & Exits, Asia, Indonesia, Youtube, Finance, Southeast Asia, India, Funding, Insurance, Tech, Car, Automotive, Philippines, Malaysia, Online Marketplace, Alphabet

Insured's Striking Multiple Vehicles Constitutes One Occurrence under Texas Law

    Reversing the district court, the Fifth Circuit found one occurrence after the insured's truck struck multiple vehicles.  Evanston Ins. Co. v. Mid-Contenint Cas. Co. , 2018 U.S. App. LEXIS 32722 (5th Cir. Nov. 19, 2018).     An employee of Global Waste Services, LLC, Marlon Diggs, lost control of his Mack truck. At 11:04 a.m., the Mack truck hit a Dodge Ram. Three minutes later, the Mack truck struck a Ford F150. Two minutes after that, the Mack truck approached a toll plaza and caused the s...
Tags: Texas, Global, Insurance, Ford, Honda, Evanston, Mack, Fifth Circuit, Diggs, Comprehensive General Liability, Tred Eyerly, Evanston Ins Co, Occurrence, Mid Continent, Texas Law, Limit of Insurance

Why are auto insurance premiums so high?

In Canada, premiums differ considerably from province to province: in 2018, Quebec had the lowest premiums, while British Columbia and Ontario topped the list. Find out why -- and how you can help to reduce your premiums -- in my story at the National Post. [Author: Jil McIntosh]
Tags: Insurance, Canada, Autos, Quebec, British Columbia, Ontario, National Post, Jil McIntosh

14 Major Travel Scams to Avoid

Updated: 12/28/2018 | December 28th, 2018 Travel scams are real. When I started traveling, I fell for them too. On my first big non-tour trip, I got scammed twice on the same day. My friend Scott and I had just arrived in Thailand. We were in Bangkok trying to find a boat cruise to take us up and down the Chao Phraya River. A taxi driver suggested this one company; we went there, and found out that an hour-long tour was only $30 USD. Not even thinking about whether that was a deal or not, we ...
Tags: Travel, Europe, Southeast Asia, Insurance, Thailand, Morocco, Paris, Travel Tips, Bangkok, Hostelworld, Travel Safety, Don, Scott, Chao Phraya River, Travel Scams, SHHLR

Why Women are Smashing the Glass Ceiling in the Insurance Industry

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Tags: Business, Entrepreneur, Insurance, Reader Submission, Small Business Owner

Deterioration Known To Insured Foreclosures Collapse Coverage

   The insurer properly denied coverage for collapse of a building when the insured knew from an expert’s examination that the walls of his house were deteriorating. Jaimes v. Liberty Ins. Corp ., 2018 U. S. Dust. LEXIS 198224 (D. Colo. Nov. 21, 2018).     The insured discovered a crack in the wall of his home. He hired Anchor Engineering to inspect. Anchor found a large bulge in the south wall. Several problems with deterioration were noted in the basement. The structure of the house was unsta...
Tags: Insurance, Liberty, Collapse, Tred Eyerly, First Party Insurance, Jaimes, Liberty Ins Corp

Deterioration Known To Insured Forecloses Collapse Coverage

   The insurer properly denied coverage for collapse of a building when the insured knew from an expert’s examination that the walls of his house were deteriorating. Jaimes v. Liberty Ins. Corp ., 2018 U. S. Dust. LEXIS 198224 (D. Colo. Nov. 21, 2018).     The insured discovered a crack in the wall of his home. He hired Anchor Engineering to inspect. Anchor found a large bulge in the south wall. Several problems with deterioration were noted in the basement. The structure of the house was unsta...
Tags: Insurance, Liberty, Collapse, Tred Eyerly, First Party Insurance, Jaimes, Liberty Ins Corp

ESIC Paramedical and Nursing cadre Vacancy

Recruitment of Para-Medical and Nursing Cadre Vacancy in ESIC Employees’ State Insurance Corporation (ESIC) is a statutory body constituted under an Act of Parliament (ESI Act, 1948) and works under the administrative control of Ministry of Labour and Employment, Government of India. Online Applications  are invited for filling up the following 1488 sarkari naukri vacancy posts of... Please Click on the Title to Read Full Details. [Author: [email protected] (SarkariNaukriBlog com)]
Tags: Nurse, Jobs, Insurance, Online, Assistant, Dental, Social Worker, Technician, Pharmacist, Laboratory, Para Medical, Dietician, ESIC, Physiotherapist, HotJob, Hygienist

Choosing An Insurance Policy To Meet Your Needs

Nothing is guaranteed in this life. Around any corner, some accident can occur. While accidents differ in their severity, it’s always a good idea to be prepared. Insurance is one way to future-proof yourself against the worst and to make sure you aren’t taking a financial hit out of the blue. Consider the below to be the primary type of insurance policies you may need. Home Insurance If you own your home, then this is a legal requirement. Even if you don’t own a property, there are othe...
Tags: Insurance, Frugality, Life Insurance Some, Travel Insurance Travel, Medical Insurance Depending

2019 Maximum HSA Contribution Limits – How Much Can You Save for Your Medical Expenses?

Health Savings Accounts, or HSAs, are growing in popularity among people who need affordable health insurance and among employers looking to save on health insurance costs. HSAs have many benefits beyond cost savings. Let’s dive in and take a look at what exactly is a health savings account, the HSA contribution limits for each calendar year, how HSAs are one of the most flexible financial accounts you can open, and why it’s a good idea to max out your annual HSA contributions. What is a Health...
Tags: Marketing, Insurance, Ira, Irs, HSA, ROTH IRA, Health Savings Account, HDHP, HSA Bank, High Deductible Health Plan High Deductible Health, Tax Advantages of Health Savings, Health Savings Account However, HSA IRS

Bowtie raises $30M to bring the digital insurance model to Hong Kong

The digital revolution has spawned ‘challenger’ banks that operate entirely online, with no high street presence. That phenomenon has taken off in Europe — particularly the UK — but over in Hong Kong, one of the world’s key financial hubs, the digital-only push is coming to the insurance industry. Bowtie, a Hong Kong-based digital insurer, just announced a double milestone today: the company has become the first online-only operator to earn a license in the country while it has also revealed it ...
Tags: Fundings & Exits, Asia, Hong Kong, Europe, UK, Indonesia, Funding, Insurance, Tech, Asia Pacific, Malaysia, Bowtie, Pwc, Tencent, Health Insurance, Silicon Valley

What are my rights if my flight from Gatwick is cancelled?

From free food to a hotel room, here’s what you are entitled to if drones have affected your tripFlights resume as Gatwick reopens after drone chaos – liveAll airlines are required to offer a refund, a promise to put the passenger on the next available flight or alternative routing. But, as most flights are extremely heavily booked at this time of the year, travellers may find that the next flight available is several days away. Compensation is not payable in this instance because the drone situ...
Tags: Travel, Business, Technology, Money, Insurance, UK News, Air transport, Gatwick, Transport, Business Travel, Gatwick Airport, Drones (non-military

SoftBank Vision Fund Pours $500M Into Cambridge Mobile Telematics

Last month, Xconomy asked tech CEOs what $100 million in venture capital can buy. How about $500 million?Cambridge Mobile Telematics said Wednesday morning it has pulled in half a billion dollars in an investment from—you guessed it—the SoftBank Vision Fund. That’s Japan-based SoftBank Group’s reportedly $100 billion fund that has made waves in the venture capital world by cutting massive checks to companies across a variety of sectors.Now, the fund has thrown its weight behind Cambridge Mobile...
Tags: Mobile, Apps, Internet Of Things, Japan, Boston, Connected Devices, Trends, Insurance, Tech, Mit, Vc, Software, Driving, Mobility, Iot, Fintech

Eighth Circuit Affirms Judgment for Bad Faith after Insured's Home Destroyed by Fire

    The Eighth Circuit affirmed the district court's judgment that the insurer acted in bad faith when it denied the insured's claim based upon misrepresentations in the application after destruction of his house by fire.  Hayes v. Metropolitan Pro. and Cas. Ins. Co. , 2018 U.S. App. LEXIS 31813 (8th Cir. Nov. 9, 2018).     Hayes' home was insured by Met under a homeowner's policy. Hayes used the detached garage as part of a home base for his plumbing business. He also rented out the second and ...
Tags: Insurance, Nebraska, Hayes, Eighth Circuit, Tred Eyerly, First Party Insurance, Bad Faith, Attorneys' Fees, Metropolitan Pro, Cas Ins, Eighth Circuit affirmed Met

Certified Question Asks Washington Supreme Court Whether Insurer is Bound by Contradictory Certificate of Insurance

    The Ninth Circuit certified a question to the Washington  Supreme Court as follows: Under Washington law, is an insurer bound by representations made by its authorized agent in a certificate of insurance with respect to a party's status as an additional insured under a policy issued by the insurer, when the certificate includes language disclaiming its authority and ability to expand coverage? T-Mobile USA Inc. v. Selective Ins. Co lf Am. , 2018 U.S. App. LEXIS 31863 (9th Cir. Nov. 9, 2...
Tags: Additional Insured, Tred Eyerly