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Insurers turn to new IoT use cases

Insurers turn to new IoT use cases Almost half (45%) of insurance executives surveyed in a new Accenture report said that IoT devices will drive new revenue for them in the next three years, and they are starting to look at areas where they can leverage IoT devices to gain that revenue. So far, insurers have been aggressive in using telematics for usage-based car insurance. But there are... read more...

Health insurers are getting crushed

Health insurers are getting crushed Stocks of health-insurance companies are getting slammed. In late-morning trading on Wednesday, Anthem, Humana, Cigna, and Aetna were all down by about 3%. Earlier, democratic presidential frontrunner Hillary Clinton said the mergers between Anthem and Cigna, and Aetna and Humana, should be closely scrutinized. The $37 billion-deal between the latter two got... read more...

Michigan Insurance Broker Sentenced on Racketeering Charge

Michigan Insurance Broker Sentenced on Racketeering Charge The Michigan Department of Insurance and Financial Services (then known as the Office of Financial and Insurance Regulation, or OFIR) found in 2008 that Flaherty, through his brokerage, Alternative Insurance Services (AIS) had misappropriated more than $1.3 million in premium funds for his own personal use. The AG’s office said Flaherty began skimming... read more...

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Insurance Companies, Agencies, Brokers and Office, Services, Location, Informaton

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