USA Today: Flood-prone homeowners could see major rate hikes in FEMA flood insurance changes, new study finds

USA Today: Flood-prone homeowners could see major rate hikes in FEMA flood insurance changes, new study finds. “The First Street Foundation calculated ZIP code-level averages of the financial toll of flood damage by collecting home values and structural information for every single-family and small multi-unit dwelling in the nation and applying it to its previously published flood model with damage formulas. First Street calculated its figures for about 26,000 ZIP codes in the lower 48 states and D.C. ZIP codes without data are not included.”

ProPublica: “Trumpcare” Does Not Exist. Nevertheless Facebook and Google Cash In on Misleading Ads for “Garbage” Health Insurance.

ProPublica: “Trumpcare” Does Not Exist. Nevertheless Facebook and Google Cash In on Misleading Ads for “Garbage” Health Insurance.. “The thousands of ‘Trumpcare’ ads Facebook and Google have published show that the shadowy ‘lead generation’ economy has a happy home on the platforms — and even big names like UnitedHealthcare take part.”

Bloomberg Quint: A New Tool Tracks Flooded Homes Receiving Taxpayer Money

Bloomberg Quint: A New Tool Tracks Flooded Homes Receiving Taxpayer Money. “Passaic County in New Jersey is not in the hurricane belt nor is it on the banks of a major river, and yet 810 properties there received $170 million of taxpayer money through the National Flood Insurance Program (NFIP) since 1968. These are homes that flooded over and over again; on average, each has made seven separate flood claims over the years. That finding comes from a newly released tracking tool by the Natural Resources Defense Council, making public for the first time a data set of all Severe Repetitive Loss Properties (SRLP) across the nation by county.”

The Next Web: How researchers analyzed Allstate’s car insurance algorithm

The Next Web: How researchers analyzed Allstate’s car insurance algorithm. “We tested whether Allstate’s personalized pricing algorithm treated customers differently based on non-risk factors by analyzing rare customer-level data we found in documents that were part of a 2013 rate filing submitted for approval and subsequently disapproved by Maryland regulators. This filing provides the most insight into Allstate’s retention model available to the public, with a level of detail that is typically shielded from public view by Allstate and other insurers.”

Health Insurers to Investors: We’re Good. Health Insurers to Lawmakers: Please Help. (ProPublica)

ProPublica: Health Insurers to Investors: We’re Good. Health Insurers to Lawmakers: Please Help.. “Executives at Cigna, the health insurance giant, have signaled to investors that the coronavirus pandemic isn’t hurting the company’s business and might actually be a boon. But that hasn’t stopped the trade group that represents Cigna and other health insurers in Washington from asking lawmakers for aid.”

Politico: White House still scrambling to cover virus treatment for the uninsured

Politico: White House still scrambling to cover virus treatment for the uninsured. “The White House pledged over two weeks ago to cover coronavirus treatment for uninsured Americans — but the administration still doesn’t have a plan for how to do it. Trump officials are still grappling with key questions about how exactly to implement the treatment fund, including how to determine if a patient qualifies for the new federal dollars, an administration source said. Adding to the challenge, they’re still figuring out how to divvy up funding that hospitals and physicians say is desperately needed.”

Zywave: Zywave Launches COVID-19 Resource Center

Zywave: Zywave Launches COVID-19 Resource Center. “Zywave, the leading insurtech provider powering agency growth, today announced the launch of its COVID-19 Resource Center, an online library offering insurance professionals access to free compliance, HR and employee-facing content and resources related to the COVID-19 pandemic.”

ProPublica: The $11 Million Dollar Medicare Tool That Gives Seniors the Wrong Insurance Information

ProPublica: The $11 Million Dollar Medicare Tool That Gives Seniors the Wrong Insurance Information. “The Trump administration redesigned the online Medicare Cost Finder for seniors to compare complex health insurance options. But consumer advocates have identified instances when the tool has malfunctioned and given inaccurate plan and price data.”

Variety: Patreon May Start Providing Loans to Creators, Among Other New Services

Variety: Patreon May Start Providing Loans to Creators, Among Other New Services. “Patreon, the subscription-based fan platform, is eyeing a range of new services to support creators — including potentially providing loans at some point, CEO Jack Conte said. Conte, speaking at Variety’s Entertainment & Technology Summit in L.A., said Patreon is considering ways to provide capital funding and other financial services to artists, as well as services like health insurance and HR support.”

Ars Technica: How insurance companies are fueling a rise in ransomware attacks

Ars Technica: How insurance companies are fueling a rise in ransomware attacks. “Ransomware is proliferating across America, disabling computer systems of corporations, city governments, schools and police departments. This month, attackers seeking millions of dollars encrypted the files of 22 Texas municipalities. Overlooked in the ransomware spree is the role of an industry that is both fueling and benefiting from it: insurance.”

The Next Web: AIs should be legally liable for their mistakes soon

The Next Web: AIs should be legally liable for their mistakes soon. “Historically, insurers have had to consider only the human aspect of parties involved in any insurable matter. Today, things are a lot more complex. As AI development has increased in scope, we have been left with programs with the sophistication to be integrated into areas of infrastructure that have effectively given them direct input into life-or-death situations.”

New York Times: Insurers Want to Know How Many Steps You Took Today

New York Times: Insurers Want to Know How Many Steps You Took Today. “A smartphone app that measures when you brake and accelerate in your car. The algorithm that analyzes your social media accounts for risky behavior. The program that calculates your life expectancy using your Fitbit. This isn’t speculative fiction — these are real technologies being deployed by insurance companies right now.”

Wisconsin Ag Connection: NCIS Launches Website Highlighting Crop Insurance in all 50 States

Wisconsin Ag Connection: NCIS Launches Website Highlighting Crop Insurance in all 50 States. “The Senate officially begins its Farm Bill process June 13, as the Agriculture Committee debates a draft bipartisan bill released last week by the panel’s top Republican and Democrat. And thanks to a new website just unveiled by the National Crop Insurance Services, Senators and other interested parties won’t have to look very far for information about how crop insurance affects every state in the country.”