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On Romney, health care in America, and dying in your apartment
Recently, GOP presidential nominee Mitt Romney told members of the Columbus Dispatch editorial board, "We don't have people that become ill, who die in their apartment because they don't have...
View Article#InsurancePoll: Amanda Palmer wants to know about your experience with health...
Amanda Palmer was musing about the messed up state of US health insuranceso she took to Twitter, writing about it under the #InsurancePoll tag ("quick twitter poll. 1) COUNTRY?! 2) profession? 3)...
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American insurers charge reckless rich drivers less than safe poor drivers
The Consumer Federation of America did a mystery shopper review of several auto insurers and found that drivers with at-fault accidents paid lower premiums than drivers with spotless records --...
View ArticleWhy health insurance makes no sense
Two doctors have written a really fascinating analysis of the history and economics of health insurance that will make our current U.S. system seem even more ridonculous than it already did. Read the...
View ArticleUh-oh: Cox Cable's insurer won't back them in court against BMG Music
BMG Rights Management and Round Hill Music. has been trying to enlist Cox Cable as an accomplice in a copyright trolling scheme, demanding that the company pass on copyright infringement notices that...
View ArticleSurvey of wealthy customers leads insurer to offer "troll insurance"
Chubb's new troll rider on its elite personal insurance package for its wealthiest customers now offers up to £50,000 to cover the cost of counselling, lost income, and professional anti-troll...
View ArticleHealth insurance must pay for exoskeletons
An independent review board has ordered an unspecified health insurer in the northeastern USA to reimburse a patient for a $69,500 exoskelton from Rewalk, whose products enable people with spinal cord...
View ArticleHome Depot might pay up to $0.34 in compensation for each of the 53 million...
In 2014, Home Depot disclosed a security breach of 53 million customer credit cards and 56 million email addresses. This week the company settled a class action lawsuit and agreed to pay as much as...
View ArticleThe Vulnerable 20 Group: coalition of 20 countries threatened by climate change
Reps from Afghanistan, Bangladesh, Barbados, Bhutan, Costa Rica, Ethiopia, Ghana, Kenya, Kiribati, Madagascar, Maldives, Nepal, Philippines, Rwanda, Saint Lucia, Tanzania, Timor-Leste, Tuvalu, Vanuatu...
View Article18% of the world's cargo ships are sitting idle
In the aftermath of the 2008 crash, international shipping sank to record lows -- but container ship companies kept on building, turning out some of the biggest ships the seas have ever seen. Slack...
View ArticleWearing an activity tracker gives insurance companies the data they need to...
Many insurers offer breaks to people who wear activity trackers that gather data on them; as Cathy "Mathbabe" O'Neil points out, the allegedly "anonymized' data-collection is trivial to re-identify...
View ArticleEquifax was always dirty, it bills the US government for millions, and was...
Before Equifax changed its name in 1976 -- in the midst of a Congressional investigation and a national scandal -- it was the Retail Credit Company, founded in Atlanta in 1899. Retail Credit served as...
View ArticleIn an attempt to quantify stupendous risk, cyberinsurers ratchet up premiums,...
In some ways, there's never been a better time to be an insurer: every business wants cybersecurity insurance, and the market is willing to tolerate crazy annual premium hikes -- 30% a year for the...
View ArticleWhen your dental insurer sends you a "free" Internet of Shit toothbrush
Wolf Richter's dental insurer sent his family a free "smart" toothbrush that records how often and how well you brush, using a set of proprietary consumables to clean your teeth. Richter discovered...
View ArticleInsurer won't pay murdered gunshot victim's family because he didn't disclose...
In March 2018, Nathan Ganas was murdered in his driveway in Durban, South Africa, during a botched hijacking; now Momentum, the insurer who wrote the 2.4m Rand (USD 170,700) policy on his life, is...
View ArticleAfter #MeToo, whole industries have been blacklisted by insurers for sexual...
A new report from Betterley Risk Consultants, shared with The Intercept, reveals that many of the world's largest insureres will no longer conside whole industries for "employment practices liability...
View ArticleBossfight: Allstate Insurance enters the Right to Repair fight, loans its...
The Right to Repair movement got state legislatures to consider more than a dozen Right to Repair bills last year, and have made great strides in the EU and elsewhere, but for every two steps forward...
View ArticleEnjoy this fantastically weak bike accident insurance scam
From Wuhu in China's Anhui province comes one of the best worst insurance scam attempts ever. (Newsflare)
View ArticleWhy haven't cyberinsurers exerted more pressure on companies to be better at...
For decades, people (including me) have predicted that cyberinsurers might be a way to get companies to take security seriously. After all, insurers have to live in the real world (which is why...
View ArticleUtility company asks for proof that a $280 million emerald was lost in...
It's not impossible for an emerald to be valued at $280 million. In 2017, a 794-pound emerald was found in Brazil and valued at $309 million: However, in the ongoing litigation over the 2018 Camp Fire,...
View ArticleTechnology company co-founder reports car stolen to avoid mechanic's bill
Rather than pay a large repair bill, a gentleman the Marin Independent Journal identified as "the co-founder of a San Francisco technology security firm" apparently reported the car stolen and...
View ArticleNearly 27 million Americans lost their job-based health insurance in...
IMAGE: Health Insurance Coverage Before and After Job Loss Among People in a Family Experiencing Job Loss as of May 2, 2020, courtesy kff.org An estimated 27 million Americans may have lost...
View ArticleCan insurance be used to reign in police misconduct?
NBC News has a recent piece on, "the hidden hand that uses money to reform troubled police departments" — essentially, looking at the private industry solutions to public law enforcement problems. It's...
View ArticleThe complex insurance math that tries to calculate the risk of pandemics
I'm typically pretty skeptical of insurance as an industry, though I begrudgingly understand that it does have its purpose. But I found this Wired article on pandemic insurance to be utterly...
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Insuring spacecraft is risky business
Sirius XM latest broadcast satellite appeared functional. It was built on a pretty standard platform that has worked for around 150 communications satellites and post-launch was maneuvered into orbit....
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Popeyes new flounder sandwich for Lent comes with insurance option
As the Lenten season approaches and many Catholics opt not to eat meat on Fridays, Popeyes Louisiana Kitchen has a fish answer for them. The Cajun deep-fried flounder sandwich much like the...
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Geico will not have to pay $5 million to woman who contracted a sexually...
The Missouri Supreme Court ruled that Geico didn't owe $5.2 million to a woman who contracted an STD after having sex with a man in his 2014 Hyundai Genesis, which was insured by Geico. The woman...
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More insurance companies leave Florida
It'll be peak hurricane season soon, and AAA and Farmers Insurance aren't taking any chances in Florida. Both companies now say they're declining business in the state, signaling a financial crisis...
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Woman's stolen Kia stolen again, twice, even after security "fix"
A Milwaukee woman complains that her twice-stolen Kia has been stolen yet again, even after a security upgrade to the car. "And then after it was stolen the first time," Trisha Nyguen said, "then, I...
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$195m fine for sham insurance peddler
The Federal Trade Commission obtained a $195m judgment against Simple Health, which sold insurance plans that for most customers would never pay out. The sham insurance scheme ran for years and "misled...
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