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New Weather Insurance Product Could Offer Climate Change Relief

Most types of insurance policies, like auto and homeowner insurance, kick into action when a customer calls to submit a claim. Parametric insurance, a category of insurance which includes life insurance, for example, flips that model. Claims are automatically paid out when certain parameters are met, whether that’s the policyholder dying or, in the case of climate insurance, when an extreme weather disaster meets certain conditions.

Uber Drivers In California Could Be Compensated For Inspections

A bill advancing through the California legislature would compensate motorists driving for ride hailing-services such as Uber and Lyft for the time they spend having their vehicles inspected under state motor-safety regulations and get the option of having those inspections conducted virtually.

Biden Targets Insurance Plans as Bidenomics Turns to Health Care

President Joe Biden will announce steps his administration is taking to help lower health care costs, including the targeting of so-called junk insurance plans and surprise medical bills. The administration will propose rules that would close loopholes on insurance plans that often provide reduced coverage, including undoing Trump administration rules on short-term policies.

Medicare Act Bars Billing Firm’s Pay Suit Against Contractor

Dynasty Healthcare LLC, a medical billing company, failed in its effort to revive a third-party underpayment suit against a Medicare contractor Dynasty said negligently processed and misclassified its client’s Medicare service provider enrollment application.

Can Businesses Win Fight Over Covid-19 Insurance Claims?

A growing number of businesses are suing their insurers over denied business interruption insurance claims due to the Covid-19 pandemic. But will they be successful?