In aftermath of Xtreme weather events major #insurers R increasingly no longer offering coverage homeowners in areas vulnerable 2 those disasters need most. At least 5 large US property #insurers Allstate American Family Nationwide Erie Insurance Group & Berkshire Hathaway told regulator #extremeweather patterns caused by #climatechange led them 2 stop writing coverages in some regions exclude protections from various weather events raise monthly premiums & deductibles https://www.washingtonpost.com/business/2023/09/03/natural-disaster-climate-insurance/

(30 Aug) - Judge Won’t Let Banks and Insurers Hide Their Trump Docs https://www.thedailybeast.com/judge-arthur-engoron-wont-let-banks-and-insurers-hide-their-trump-docs?ref=home?ref=home #DailyBeast #JudgeEngoron #Banks #Insurers #TrumpDocs #Transparency #Politics #News https://mastodon.sdf.org/@uspolitics/110975645946893273

Judge Won’t Let Banks and Insurers Hide Their Trump Docs

https://www.thedailybeast.com/judge-arthur-engoron-wont-let-banks-and-insurers-hide-their-trump-docs?ref=home?ref=home

#DailyBeast #JudgeEngoron #Banks #Insurers #TrumpDocs #Transparency #Politics #News

The continued #retreat of larger #insurers from the #California #residential #property #insurance #market, signals ongoing #regulatoryconstraints, rising #cost #inflation and higher catastrophe #losses

From: @andybrwn
https://sfba.social/@andybrwn/110788619172012743

If you're (rightly) worried about oligopolies in the UK, that the #pensions sector & specifically #annuities provision, has been consolidating over the last three or so years may be of some concern;

as pension funds (especially this year with rising #interestrates) have found themselves with healthier asset endowments to fund liabilities, so they have taken the chance to offload the liability to a small group of #insurers.

How consolidation will play out is less clear as yet.

h/t FT

https://www.linkedin.com/posts/james-vaccaro_insurance-group-loses-more-members-after-activity-7069637889478774784-D16t?utm_source=share&utm_medium=member_ios Why #insurers should stick to their #climate targets and the AGs are harming their own #people with this move. #NZIA

https://www.reuters.com/business/insurers-climate-alliance-loses-nearly-half-its-members-after-more-quit-2023-05-30/ So #finance across the globe is taking responsibility for combating #climatechange and adapt their business decisions to that end, but US Republicans manage to accuse them of collaborating. What is #value for those people? Rather destroy and get money now than leave the #planet in a better state for your children? I cry. #insurers #climate #carbon #emissions

""Behind the scenes, #insurers are using unregulated predictive #algorithms, under the guise of scientific rigor, to pinpoint the precise moment when they can plausibly cut off payment for an older #patient's #treatment. The denials are... often delaying treatment of seriously ill #patients who are neither aware of the algorithms, nor able to question their calculations.'"

https://www.commondreams.org/news/biden-ai-medicare-advantage
#Biden Urged to Crack Down on 'Terrifying' Use of #AI by #MedicareAdvantage Insurers

#IAmDB

Another bump in the road for #electricvehicles:

#insurers seem unsure about repairs to partly damaged #battery packs, so for now are writing-off vehicles even if they've only been involved in minor accidents... meaning;

a. high insurance costs may reduce market for #electriccars;

b. the #green claim behind EVs is badly compromised by not being used enough to cover the foot-print of making the car...

Fixability is not an insurmountable problem bu may slow diffusion!
https://www.reuters.com/business/autos-transportation/scratched-ev-battery-your-insurer-may-have-junk-whole-car-2023-03-20/?utm_medium=Social&utm_source=twitter

Newsom: We will not pursue #business with companies that cave to right wing bullies about girls and #WomensHealth #WomensReproductiveRights #WomensRights.
#Walgreens’ stock price dropped nearly 2%, where their 600 stores in California have about 10% of the state’s pharmacy market, and is a key prescription provider for Medi-Cal #insurers and generic #insulin in partnership with Blue Shield of California.

https://us11.campaign-archive.com/?e=f57dd4bd90&u=5f4af3af825368013c58e4547&id=da093cfa79

How Insurance Companies Use Medicare & Medicaid to STEAL From YOU

https://youtu.be/E9gq61jaPSc

https://www.commondreams.org/news/report-shows-big-insurance-profiting-massively-from-growing-privatization-of-medicare

#TYT #TheYoungTurks #commondreams #BreakingNews #news #politics #uspolitics #medicare #medicaid #insurance #insurers #humana #centene #molina

How are #insurers implicated in the #ClimateCrisis? What would changes to capital requirements mean for them – and for the planet? 🌍💸

Answers in ShareAction's online panel discussion on 28 February:
https://www.eventbrite.co.uk/e/webinar-on-climate-risk-related-capital-requirements-tickets-524692899587

RT @metz_caroline: How are #insurers implicated in the #ClimateCrisis? What would changes to capital requirements & #SolvencyII mean for them & for the planet? 🌍

Join us for @ShareAction's online roundtable on 28 Feb, with an exciting lineup of speakers! 🤩

Register 👇
https://www.eventbrite.co.uk/e/webinar-on-climate-risk-related-capital-requirements-tickets-524692899587

🐦🔗: https://n.respublicae.eu/henrikehahn/status/1626257673334280192

Massive multi-day flooding in Auckland NZ likely to be an early-year headache for #insurers. Property and motor will be hit.
#insurance

What are the costs of the #climatecrisis?

We can discuss this in lost homes or lost lives, or lost biodiversity, but for #insurers the issue is money paid out on insurance policies (of course).

The latest figures from a global survey by MunischRe (reported @financialtimes) put the sum(s) for 2020 at:
$270bn of which (only) $120bn was covered by insurers...

Given that its (mostly) poorer countries that are hit hardest, this gives an indication of he hole in global support that needs filling!

nsurers end war-risk cover for shipping in Ukraine invasion zone https://www.theguardian.com/business/2022/dec/28/insurers-end-war-risk-cover-for-shipping-in-ukraine-invasion-territories?CMP=share_btn_tw #insurers #shipping #Russia #UkraineWar #worldnews #news #EUnews

#Hemophilia is a #RareDisease, but pricing for factor 8 is symptomatic of a nearly ubiquitous problem. We, and our #Employers and #Insurers, are shopping for #Healthcare in a #Market where everything is #Monetized to the maximum without much regard for the implications for #PatientHealth.

#Healthcare #MedicareForAll #Exploitation #Unaffordable #PriceGouging

Doc raked in $3.3M in wild spinal surgery scam, gets 5 years in prison - Enlarge / Surgeons performing a spinal surgery in Nice, France. (credit... - https://arstechnica.com/?p=1904161 #workerscompensation #spinalsurgery #medicalfraud #california #insurers #kickback #science #bribery

RT @eiopa_europa_eu@twitter.com

#Sustainability risks can materially impact the investment and underwriting activities of #insurers.♻️

EIOPA is therefore preparing to assess whether a dedicated prudential treatment of sustainable assets and activities is warranted under #SolvencyII.

➡️https://europa.eu/!7CQGKD

🐦🔗: https://twitter.com/eiopa_europa_eu/status/1599709649250373633

Next was a great panel on organizational #ethics in #healthcare at the #UniversityOfColorado Center for #Bioethics and Humanities with Anita Katharina Wagner, Susan Reeves, Melissa Bottrell, and Matthew Wynia. #Hospitals and some #insurers have developed robust organizational ethics groups and processes, and the examples presented here are far beyond what we see in #tech and other businesses - we need to learn from their example. Highly recommend https://www.youtube.com/watch?v=jESWH8QsLe0&list=PL5FQGISvWBK3gNFqx2eboI8etItUC2MFW&index=6 (5/6)