The report, which reviewed various aspects of the carrier’s operations – including customer service, claims handling, internal audits, and information technology – found that Citizens needs to strengthen its processes to ensure policies adhere to statutory coverage limits.
Although SB 79 exempts these plans from certain state and federal health insurance laws, it requires coverage for ambulance services, hospitalizations, emergency services, and lab work. Additionally, the plans must have an annual coverage limit of at least $2 million, and applicants must be members of the organization for at least 30 days before qualifying….
Massive shifts have transformed workplaces and the world, including the insurance industry. From the advent of AI and digital innovations to evolving customer expectations, each era has brought challenges and opportunities within the insurance industry. Spanning multiple generations, the CH Team has talented people with unique perspectives and skills. While our beliefs may differ, the…
Lloyd’s 2024 results Gross written premium for the year, meanwhile, rose to £55.5 billion, up from £52.1 billion in 2023, representing a 6.5% increase. The growth was driven primarily by an 8.5% rise in volume, including 7.6% from existing syndicates and 0.9% from new entrants. Source link
Homeowner associations (HOAs) play a crucial role in managing the 28.2 million housing units in the U.S. From maintaining shared spaces to enforcing community rules, as an officer or board member with an HOA, your responsibilities come with unique risks that require proper insurance coverage. Without the right policies, HOAs like yours could face financial…
