Ricardo Alonso-zaldivar, Associated Press Updated 9:18 pm PDT, Sunday, August 5, 2018 Photo: Susan Walsh, AP Image 1of/1 CaptionClose Image 1 of 1 FILE - In this Sept. 26, 2017, file photo, President Donald Trump responds to a reporter's question on health care after arriving at John F. Kennedy International Airport in New York. Trump says insurers are “going wild” about his new health care options and “millions and millions” of people will be signing up. But insurance companies say it will take time to design new plans and get approval from state regulators, and two major industry groups have actually expressed concern about potential downsides for consumers. less FILE - In this Sept. 26, 2017, file photo, President Donald Trump responds to a reporter's question on health care after arriving at John F. Kennedy International Airport in New York. Trump says insurers are ... … [Read more...] about Insurance companies approach Trump health plans cautiously
Insurance companies denying claims
The appeal of artificial intelligence across many industries is impossible to deny. But it may come as a surprise to hear that the insurance industry — typically perceived by outsiders to be one of the more decidedly unsexy industries today — outspends 12 other major industries when it comes to investing in AI. According to the Global Trends Study 2017, insurance invests an average of $124 million per company in this alluring technology. That’s $54 million more than the average across all industries surveyed. Global insurance giant QBE, for one, invested earlier this year in a machine learning company called HyperScience — and that’s not even the first AI investment it’s made. Within the insurance sector, the benefits and drawbacks of AI are an ongoing conversation, one that (apparently) merits an entire summit: Later this month Insurance Nexus will host the Insurance AI & Analytics USA Summit to discuss the rising role of machine learning … [Read more...] about Why insurance companies are betting big on AI-powered chatbots
JASPER, Tenn. — For years, Jasper has used Marion County jail prisoners, known as trusties, to do various service jobs around town, especially in Jasper Park. At the May meeting of the Jasper Board of Mayor and Aldermen, Mayor Paul Evans said he was notified recently by the town's liability insurance provider, the Tennessee Municipal League, that trusties or other community service workers would no longer be covered after June 1. He said the policy change had been discussed by TML for over a year, and he was notified officially by phone and email. City Attorney Mark Raines said there had not been any complaints or problems with Jasper's trusties, and he thinks TML's decision is a mistake. "It's not just for us," Evans said. "It's every [municipality]. I hate to see it." Raines said he is not aware of any claims filed with the insurance company from any municipality regarding the use of trusties or community service workers, but that could have been what prompted the change. … [Read more...] about Insurance company denies Jasper’s use of inmates for community service
Imagine filing a claim with your insurance company for hurricane damage and, months later, not only is your home not fixed, but you get served with a lawsuit by your insurance company.Dozens of South Florida customers of Deerfield Beach-based People’s Trust Insurance are finding themselves in an unlikely and possibly unprecedented position — they’re being sued by their insurer.Since July 1, People’s Trust has filed at least 242 lawsuits against its policyholders in Miami-Dade, Broward and Palm Beach counties, according to court records. Of those, 161 have been filed since Nov. 17, a day after the Sun Sentinel first reported the strategy.The new suits include 113 against the company’s customers in Miami-Dade, 38 in Broward and 10 in Palm Beach County.People’s Trust says the lawsuits are a last resort against customers who refuse to abide by contract terms they agreed to when they signed up with the unique insurer. Instead of allowing the company to … [Read more...] about Why does People’s Trust Insurance keep suing its own policyholders?
Editorial By Mike Wuerthele and Malcolm Owen Wednesday, April 18, 2018, 12:58 pm PT (03:58 pm ET) A YouTube video is generating over a million views and myriad social media complaints about Apple "refusing" to fix an iMac Pro destroyed after taken apart for a video —but the creators are short on specifics, and profoundly lacking an understanding of how the system works.Taken from Linus Tech Tips video "Apple refused to fix our iMac Pro" The video starts by showing one employee of the YouTube channel appearing to mount the display while the iMac Pro is vertical, instead of being laid down flat, dropping the screen onto a screwdriver handle. It is claimed by the venue that Apple's support was contacted on January 30, with the Apple representative identified as Andrea offering to help, but advising up-front "typically if a Mac is taken apart by someone other than an authorized technician, we can typically no longer service the Mac." At around the same time, the damaged iMac Pro … [Read more...] about Apple refusing to fix YouTuber’s iMac Pro claims low on facts, light on details