• Insurance

    Alec Baldwin’s ‘Rust’ movie set shooting: Insurance ‘should be available’ to cover damages, expert says

    Defense Attorney Remi Spencer discusses potential litigation on ‘Fox Business Tonight’ When Alec Baldwin accidentally discharged a prop gun on the New Mexico set of his upcoming movie “Rust,” killing a crew member and injuring another, many questions arose about the circumstances of the incident. While an investigation was launched by authorities and Rust Movie Productions has also begun an “internal review,” questions still stand about how insurance will play into the mess. The 63-year-old actor was rehearsing a scene when he pulled the trigger on the firearm and a projectile struck Halyna Hutchins, the director of photography, who died  

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  • Insurance

    You may be owed unclaimed life insurance money: Here’s how to find out

    Here’s how to find out if you’re owed unclaimed life insurance benefits from a lost policy. (iStock) Each year, millions of dollars worth of life insurance benefits go unclaimed. This happens when an insured person dies and their beneficiaries don’t receive the benefits they’re entitled to, according to the Insurance Information Institute (III). Here are the most common reasons why life insurance benefits go unclaimed: The insurer doesn’t have the policyholder’s accurate, up-to-date contact information. The insurer is unaware the insured has died. The insurer is unable to locate the policy’s beneficiaries. The beneficiaries don’t know the policy  

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  • Insurance

    Hospital COVID patients may owe thousands as insurance waivers end

    COVID-19 patients hospitalized in 2021 could be on the hook for thousands of dollars in bills  for hospital, physician, and paramedic care after insurance companies started charging members for these costs again, an analysis of 2020 US data today in JAMA Network Open suggests. In 2020, most health insurers voluntarily waived copays, deductibles, and other cost sharing for hospitalized COVID-19 patients, but many did away with those waivers in early 2021. The authors published an earlier version of the study on the medRxiv preprint server on May 30, 2021; since then, a Kaiser Family Foundation analysis has shown that 72%  

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  • Insurance

    Climate change disasters will rock the $5 trillion insurance industry

    The water has receded and the embers have died down from many of the disasters in the United States this year — leaving insurance companies that cover floods, fires, hail, and extreme cold on the hook for staggering losses. If current trends continue, they could suffer one of the costliest years in recent memory. In the first half of 2021, disasters inflicted a staggering $42 billion in losses covered by insurance, a 10-year high. Then in September, Hurricane Ida cut a path of destruction through the Gulf Coast and flooded neighborhoods from Louisiana to New Jersey, causing between $31 billion  

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  • Insurance

    Insurance Companies Want To Track You. Here’s Why You Shouldn’t Let Them.

    Everyone needs car insurance. No one wants to pay more than they have to, especially for more coverage than they need. So if your insurance company comes out with a new way to monitor the miles you put on your car, and how safely you roll through your odometer, it seems like you’d be smart to sign up. Right? In short: no. Sure, you can save a few bucks a month by proving to your insurance agency that you’re a careful, safe driver. As we saw with Tesla’s Safety Score, however, the definition of “safe” is hard to quantify  

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