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Bill would limit types of information insurance companies could use to set rates in Colorado


Bill would limit types of information insurance companies could use to set rates in Colorado
Senate Bill 169 would prohibit insurance companies from using data indicating someone is in a protected class, such as their race, gender or sexual orientation, in determining premium rates.
and last updated 2021-05-13 22:30:03-04
DENVER — Every time you try to get an insurance quote, whether it’s for a car, home or family, companies compile a series of data to try to determine the risk each individual poses.
They use that risk factor to determine how much the monthly rate should be. The goal is to strike a balance between how much insurance companies collect with premiums versus how much they pay out in claims. ....

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Insurers would accept better conditions for farmers if all are insured


05/05/2021 08:17
Insurers would agree with more acceptable conditions for farmers if the latters would all be ensured, because, if there are a few, companies are hesitant or impose conditions which cannot always be accepted, the Minister of Agriculture Adrian Oros declared on Tuesday evening, for private TV broadcaster B1TV, reports Agerpres.
Insurers would accept more acceptable conditions for farmers if all farmers would be insured. Then we would ask for all risk types to be insured, so that there is a balance. (.) We have a measure, Measure 17.1, which we greatly simplified, through which we pay 75% of the insurance policy. This is European money, there are sums which we will include in the 2021-2027 exercise, just so that they can gain this exercise. We simplified the scheme so that they only needed to show up with their ID card, their bank account, their insurance policy and the receipt. There were more insurance polices last year then in the previous years. W ....

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Here are the reasons why insurers may reject your covid policy claim

Lack of adequate documentation and failure to disclose pre-existing diseases can result in the rejection of claims ....

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