Comments for IFAwebnews http://ifawebnews.com The nation’s homepage for insurance industry news Mon, 15 Mar 2010 15:26:36 -0400 http://wordpress.org/?v=2.9.2 hourly 1 Comment on Even Pam’s baby birth on ‘The Office’ assaults insurance industry by Laura http://ifawebnews.com/2010/03/09/even-pam%e2%80%99s-baby-birth-on-the-office-assaults-insurance-industry/comment-page-1/#comment-2612 Laura Mon, 15 Mar 2010 15:26:36 +0000 http://ifawebnews.com/?p=13301#comment-2612 Insurance companies, all companies actually are profit driven. The reason that you have a paycheck right now is because your company is profit driven. If they were not they would go out of business, which is basic capitalism. Socialism does not work, as has been proven time and time again. If you fundamentally disagree with Capitalism maybe you should move to a "better world" where the government takes care of people such as China. The freedoms that we enjoy as American's are a result of the free market that we have. Insurance companies, all companies actually are profit driven. The reason that you have a paycheck right now is because your company is profit driven. If they were not they would go out of business, which is basic capitalism. Socialism does not work, as has been proven time and time again. If you fundamentally disagree with Capitalism maybe you should move to a “better world” where the government takes care of people such as China. The freedoms that we enjoy as American’s are a result of the free market that we have.

]]> Comment on Even Pam’s baby birth on ‘The Office’ assaults insurance industry by Van http://ifawebnews.com/2010/03/09/even-pam%e2%80%99s-baby-birth-on-the-office-assaults-insurance-industry/comment-page-1/#comment-2577 Van Fri, 12 Mar 2010 03:37:35 +0000 http://ifawebnews.com/?p=13301#comment-2577 Insurance companies certainly do have such rules. Who knows how many people make similar choices. Yes, insurance companies are currently profit driven. Perhaps some things should not be profit driven. I've also been appalled a the profit driven funeral industry. Kind of sick-o these businesses. Maybe in the far future we can have a better world. Insurance companies certainly do have such rules. Who knows how many people make similar choices. Yes, insurance companies are currently profit driven. Perhaps some things should not be profit driven. I’ve also been appalled a the profit driven funeral industry. Kind of sick-o these businesses. Maybe in the far future we can have a better world.

]]> Comment on Aussie life insurers wrong in supporting DNA underwriting by Linda Bruzzone http://ifawebnews.com/2010/02/15/aussie-life-insurers-wrong-in-supporting-dna-underwriting/comment-page-1/#comment-2570 Linda Bruzzone Thu, 11 Mar 2010 21:52:58 +0000 http://ifawebnews.com/?p=12328#comment-2570 I would opt for life far more than I would be concerned about being denied life insurance. I guess it comes down to how much is human life valued? In the U.S., many individuals with genetic predispositions are not discriminated against. This year,in respect to genetic information the federal government began enforcing anti-discrimination action. Life insurers can still deny based upon genetic information, however health insurers may not. Many life insurers still insure for Lynch syndrome...dependent upon whether it is Lynch syndrome 1, solely of the colon and in which there has been prophylactic surgical removal of the colon, and Lynch 2, which affects most of the organs below the lungs, the skin and the brain. Genetic testing is a blessing for those of us who have genetic syndromes. In the case of cancers, it allows physicians to work with those at high risk for cancers and test them annually. The rate of cancer has decreased as a result of early diagnosis and early treatment and life expectancy has increased. To know one's risk for disease not only allows one to protect one's self, but also protect one's families, because when dealing with inherited gene mutation, missing a diagnosis of one person is missing the diagnosis of several dozen individuals. Ask yourself, if there was a test that was available that could predict whether or not you or your loved ones would get cancer and there was also technology that provided annual testing to catch cancer early before it became a serious issue..and the technology may give you twenty or more years of life, what would you choose? Life or life insurance? Think about it and also think about how you value life. Genetic testing has saved many, many lives. Please visit us at www.lynchcancers.com to learn more about the inherited cancers of Lynch syndrome. I would opt for life far more than I would be concerned about being denied life insurance. I guess it comes down to how much is human life valued?

In the U.S., many individuals with genetic predispositions are not discriminated against. This year,in respect to genetic information the federal government began enforcing anti-discrimination action. Life insurers can still deny based upon genetic information, however health insurers may not. Many life insurers still insure for Lynch syndrome…dependent upon whether it is Lynch syndrome 1, solely of the colon and in which there has been prophylactic surgical removal of the colon, and Lynch 2, which affects most of the organs below the lungs, the skin and the brain.

Genetic testing is a blessing for those of us who have genetic syndromes. In the case of cancers, it allows physicians to work with those at high risk for cancers and test them annually. The rate of cancer has decreased as a result of early diagnosis and early treatment and life expectancy has increased.

To know one’s risk for disease not only allows one to protect one’s self, but also protect one’s families, because when dealing with inherited gene mutation, missing a diagnosis of one person is missing the diagnosis of several dozen individuals.

Ask yourself, if there was a test that was available that could predict whether or not you or your loved ones would get cancer and there was also technology that provided annual testing to catch cancer early before it became a serious issue..and the technology may give you twenty or more years of life, what would you choose? Life or life insurance?

Think about it and also think about how you value life.

Genetic testing has saved many, many lives. Please visit us at http://www.lynchcancers.com to learn more about the inherited cancers of Lynch syndrome.

]]> Comment on Insurers might be treating liability policies as “never pay” policies by Ken McGuinness http://ifawebnews.com/2010/03/02/insurers-might-be-treating-liability-policies-as-%e2%80%9cnever-pay%e2%80%9d-policies/comment-page-1/#comment-2489 Ken McGuinness Mon, 08 Mar 2010 23:16:33 +0000 http://ifawebnews.com/?p=13011#comment-2489 Liability policies will always pay, but maybe not in the amount, or time frame you are looking for. They pay for defense costs and they may pay in other ways too, including liability or indemnity obligations. However, here is a famous quote that was captured in a New York Times Sunday magazine article on Maurice Greenberg, and that is: "Pay not claim before its time." For a long time that strategy worked for AIG and companies where you might find an ex-AIG running the show, but so much has changed since that article was written I can only imagine such an appraoch would be really bad for busienss. Look at the individual company philosophy before making such broad statements about the industry, you might be surprised Liability policies will always pay, but maybe not in the amount, or time frame you are looking for. They pay for defense costs and they may pay in other ways too, including liability or indemnity obligations. However, here is a famous quote that was captured in a New York Times Sunday magazine article on Maurice Greenberg, and that is: “Pay not claim before its time.” For a long time that strategy worked for AIG and companies where you might find an ex-AIG running the show, but so much has changed since that article was written I can only imagine such an appraoch would be really bad for busienss. Look at the individual company philosophy before making such broad statements about the industry, you might be surprised

]]> Comment on Insurers might be treating liability policies as “never pay” policies by John Robertson http://ifawebnews.com/2010/03/02/insurers-might-be-treating-liability-policies-as-%e2%80%9cnever-pay%e2%80%9d-policies/comment-page-1/#comment-2441 John Robertson Fri, 05 Mar 2010 14:59:11 +0000 http://ifawebnews.com/?p=13011#comment-2441 The idea that commercial insurer never intend to pay claims is simply not true. As a business insurance specialist for several decades I have written and serviced businesses ranging from the proverbial main stree to wall street. As a part of my service to clients I review the reams of liablity claims that businesses insurance policies incur and in fact do pay. The main reason is that insurers may keep a reserve open longer than the client might wish for obvious reasons. But my experience has been that insurers try to fairly pay what they owe. The idea that commercial insurer never intend to pay claims is simply not true. As a business insurance specialist for several decades I have written and serviced businesses ranging from the proverbial main stree to wall street. As a part of my service to clients I review the reams of liablity claims that businesses insurance policies incur and in fact do pay. The main reason is that insurers may keep a reserve open longer than the client might wish for obvious reasons. But my experience has been that insurers try to fairly pay what they owe.

]]> Comment on Insurers might be treating liability policies as “never pay” policies by mattwi http://ifawebnews.com/2010/03/02/insurers-might-be-treating-liability-policies-as-%e2%80%9cnever-pay%e2%80%9d-policies/comment-page-1/#comment-2411 mattwi Wed, 03 Mar 2010 15:43:52 +0000 http://ifawebnews.com/?p=13011#comment-2411 But surely, the insurance contract is just that. A contract. If there is no real basis to reject a claim, aren't insurers inviting additional costs on their heads defending claims that are perfectly justified?? But surely, the insurance contract is just that. A contract. If there is no real basis to reject a claim, aren’t insurers inviting additional costs on their heads defending claims that are perfectly justified??

]]> Comment on Obama health reform proposal targets insurance, bypasses actual costs by Tony Ondrusek http://ifawebnews.com/2010/02/22/obama-health-reform-proposal-targets-insurance-bypasses-actual-costs/comment-page-1/#comment-2379 Tony Ondrusek Fri, 26 Feb 2010 15:03:54 +0000 http://ifawebnews.com/?p=12609#comment-2379 I have no problem with doctors making $150,000+, if they are skilled and offer good service. Frankly, if doctors were told that their cap would be $100,000 or $150,000, as would the case be under a government-run insurance plan (sort of like with Medicare, where the government only pays the doctors about 70% of what their actual bills are, so they are telling doctors what their earnings will be), I am afraid we would have a lower-caliber individual entering law school. We have the best doctors, hospitals and health care on the entire planet. I don't want to mess with that. Make it easier for doctors to practice with tort reform and increased electronic medical records? You bet! Lower their salaries? Not really... I have no problem with doctors making $150,000+, if they are skilled and offer good service. Frankly, if doctors were told that their cap would be $100,000 or $150,000, as would the case be under a government-run insurance plan (sort of like with Medicare, where the government only pays the doctors about 70% of what their actual bills are, so they are telling doctors what their earnings will be), I am afraid we would have a lower-caliber individual entering law school. We have the best doctors, hospitals and health care on the entire planet. I don’t want to mess with that. Make it easier for doctors to practice with tort reform and increased electronic medical records? You bet! Lower their salaries? Not really…

]]> Comment on Obama health reform proposal targets insurance, bypasses actual costs by MarkusR http://ifawebnews.com/2010/02/22/obama-health-reform-proposal-targets-insurance-bypasses-actual-costs/comment-page-1/#comment-2373 MarkusR Thu, 25 Feb 2010 22:03:37 +0000 http://ifawebnews.com/?p=12609#comment-2373 The reason why doctors make $150k+ is because of the shortage of them. Same goes for nurses who make $80k+. By increasing the labor supply you bring down the price level. It's simple economics. The reason why doctors make $150k+ is because of the shortage of them. Same goes for nurses who make $80k+. By increasing the labor supply you bring down the price level. It’s simple economics.

]]> Comment on Obama health reform proposal targets insurance, bypasses actual costs by Tony Ondrusek http://ifawebnews.com/2010/02/22/obama-health-reform-proposal-targets-insurance-bypasses-actual-costs/comment-page-1/#comment-2367 Tony Ondrusek Thu, 25 Feb 2010 15:27:55 +0000 http://ifawebnews.com/?p=12609#comment-2367 Mark: Um, more workers and personnel will DECREASE the costs? Ok.... Mark:
Um, more workers and personnel will DECREASE the costs? Ok….

]]> Comment on Obama health reform proposal targets insurance, bypasses actual costs by MarkusR http://ifawebnews.com/2010/02/22/obama-health-reform-proposal-targets-insurance-bypasses-actual-costs/comment-page-1/#comment-2366 MarkusR Thu, 25 Feb 2010 15:24:13 +0000 http://ifawebnews.com/?p=12609#comment-2366 There is significant effort in increasing the number of doctors and nurses, which would bring down their cost while increasing the pool of talent to choose from, when going for care. I don't think you've actually read the proposal. There is significant effort in increasing the number of doctors and nurses, which would bring down their cost while increasing the pool of talent to choose from, when going for care.

I don’t think you’ve actually read the proposal.

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