Hi folks…happy pre-Halloween weekend! As a service to our readers and subscribers, the ProSchools blog once again brings you news from the wonderful world of insurance. Some of the news is on the new side and deals with current goings-on in the industry, the weird ones simply deal with the...well, weird! Click on the links under the description to read the full text articles.
Liability Insurance Waiver Tossed by Court! The Insurance Journal reports that the state of Connecticut has recently decided that a liability waiver that was required by a horseback riding farm is invalid and not enforceable. The suit stems from an occurrence where a women was thrown by a bucking horse and seriously injured as a result. Remember the adage that often applies: “That waiver isn’t worth the paper it’s printed on.”
Another Producer Busted for Fraud! This is not your run-of-the-mill fraud story. Our friends at the Insurance Journal are reporting the busted status of a rep in North Carolina who did very baaaaaaad things with variable insurance policies. Click here for details!
Part D Drug Plan Cost Increases? Our friends at Medical News Today reports that Medicare Part D prescription drug insureds will face a huge increase in the least expensive Medicare drug plans starting next year. The increase is expected to be approximately 44%! There are several comments within the article that claim the whole Part D plan is a “bait and switch” thing. Get ‘em enrolled while it’s cheap, then rack up the rates down the road? Click here for the article!
Enjoy, and stay in touch!