A new survey revealed that almost a quarter or 23% of Malaysian consumers are using a TV box to stream pirated television and video content. These TV boxes, also known as Illicit Streaming Devices (ISDs), allow users to access hundreds of pirated television channels and video-on-demand content, usually with a low annual subscription fee. TV … Read more
In the United States, the percentage of adults seeking mental health treatment or counseling has been steadily rising. In this article, we’ll take a look at some of the top mental health insurance considerations that consumers should understand. Let’s start with an obvious and frequently asked question: How is mental health treatment covered by health … Read more
According to a new survey conducted by the Insurance Research Council (IRC), most consumers believe attorney advertising increases the number of claims and lawsuits and the cost of auto insurance. The report, Public Opinions on Attorney Involvement in Claims, analyzes consumer opinions on attorney involvement in insurance claims and expands prior research. Overall, 60 percent … Read more
By William Nibbelin, Senior Research Actuary, Triple-I Insurance is priced to reflect the underlying risk of every policy. When more claims are filed and the average amount paid of those claims increases, insurance becomes more expensive. A measure of underwriting profitability for insurance carriers is the combined ratio calculated as losses and expense divided by … Read more
UPDATE, Sep. 19, 2024: Since this article was published, CMS has taken various steps to address the issue of fraudulent enrollments and unauthorized plan/broker changes. By mid-July, CMS had suspended 200 brokers for “reasonable suspicion of fraud or abusive conduct related to unauthorized enrollments or unauthorized plan switching.” CMS has also suspended two EDEs due … Read more