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carterhancock

6 Million Legal Immigrants May Get Health Coverage via New Law - 2 views

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Axis Capital Insurance group of companies Jakarta tips 6 Million Legal Immigrants May Get Health Coverage via New Law

shared by carterhancock on 31 Oct 14 - No Cached
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  • carterhancock on 31 Oct 14
     
    The Affordable Care Act (ACA) does not increase access to health insurance for undocumented immigrants however may lead for many legal immigrants who have concern earning this crucial coverage, completes a report released by the George Washington University School of Public Health and Health Services (SPHHS). The report summaries the breaks in addition to the duties that the federal health reform law will transport to legally present immigrants, people who have gotten green cards or visas permitting them to work, live and study in the United States. AXIS Capital, a group of companies with branch offices in Bermuda, Australia, Canada, Europe, Latin America, Singapore and the United States, a global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services, has in full support with Affordable Care Act. (The company also services SE Asian countries such as KL Malaysia, Bangkok Thailand, Jakarta Indonesia and many more.) "Most people do not realize that legal immigrants currently face many obstacles to obtaining health insurance," said Leighton Ku, PhD, MPH the author of the new report and director of the Center for Health Policy Research at SPHHS. "Such immigrants are three times as likely to be uninsured as those born in the United States." Without health coverage, they - like other uninsured Americans - often delay or never get potentially life-saving health care, he said.
carterhancock

How Insurance Companies Spot Insurance Scams - 1 views

Insurance companies like Axis Capital, a group of companies in Bermuda with many offices worldwide, have many means to spot insurance scams, and a lot has complete fraud detection departments assi...

How Insurance Spot Scams Axis Capital group of companies Jakarta buyer fraud reviews

started by carterhancock on 23 Dec 14 no follow-up yet
carterhancock

Insurance Scams That Needs To Be Avoided - 1 views

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Insurance Scams That Needs To Be Avoided Axis Capital Group America Europe Singapore Jakarta

shared by carterhancock on 02 Mar 15 - No Cached
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  • carterhancock on 02 Mar 15
     
    In order to gain more money in the now so-materialized world, people and companies have thought of things to gain out of greed. Insurance agencies are no exceptions especially in places which have lose insurance policies like Jakarta in Indonesia, South Africa and Cambodia. The Federal Bureau of Investigation (FBI) had released the most common insurance fraud used by the insurance companies. Premium Diversions It is considered as an embezzlement of insurance premiums and is considered the most common type. This happens when the insurance agent doesn't wire the money to the insurance company and keeps it to himself. Other form of premium diversion scam involves selling policies without license, collecting premiums and then not paying claims. Payers are advised to keep track of this kind of fraud by knowing and verifying the legitimacy of the agent. Asset Diversion This large-scale scheme involves theft of insurance company assets held to pay valid claims. This most frequently occurs as insurance companies merge, reorganize or change ownership. Fee Churning In this scheme, a group of people set up a company that will eventually fail. The business gets involved in reinsurance agreements, and people in different steps of the process pocket commissions. The amount of a premium is cut by each repeated commission until the money to pay claims runs out. This scheme lasts as long as it does because each individual move looks normal as it occurs. The full picture emerges only after the damage is already done. How to report Insurance Fraud 1. Report fraudulent behavior to your state's insurance frauds bureau. 2. Contact the specific insurance company's fraud hotline if one is available. 3. Turn in the social security fraud perpetrators. 4. When you are reporting the scheme, make sure to give all pertinent details and any other documents that may help. Be Wise. Act Wise. The most important factor before buyi
carterhancock

Axis Capital Holdings Limited Graded A+ by Various Financial Analysts - 1 views

Axis Capital Holdings Limited and its operating subsidiaries have been rated A+ Insurer Financial Strength (IFS) by Fitch Ratings. The Rating Outlook is Stable. The insurance company has a h...

Axis Capital Holdings Limited Graded A+ by Various Financial Analysts

started by carterhancock on 06 Feb 15 no follow-up yet
carterhancock

Axis Capital Group Insurance Update: Asian Bi-annual Report - 1 views

With the great rise in business development and industrial growth in Asia, asset values are generally enabling insurers to pay higher premium for increased protection levels. Not that the risk is h...

Axis Capital Group insurance bi-annual report Jakarta Hong Kong

started by carterhancock on 21 Jul 15 no follow-up yet
carterhancock

Uninsurance - 1 views

In 2010, about ten million citizens in America have lived without any insurance for a whole year. In other developing nations where surviving the day is more important than ensuring for what the p...

Axis Capital Group insurance tips Jakarta Hong Kong

started by carterhancock on 28 Jul 15 no follow-up yet
carterhancock

AXIS Capital Announces Management Transitions - 1 views

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Specialty Insurance Axis Capital Group Singapore Jakarta Indonesia Bermuda

shared by carterhancock on 18 May 14 - No Cached
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  • carterhancock on 18 May 14
     
    AXIS Capital Announces Management Transitions /Accident & Health Axis Capital Group Hartford Jakarta Indonesia Kansas Houston PEMBROKE, Bermuda--(BUSINESS WIRE)--AXIS Capital Holdings Limited ("AXIS Capital" or "the Company") (NYSE:AXS) announced today that John ("Jack") Gressier, currently the Chief Executive Officer of AXIS Insurance, will become AXIS Capital's new Chief Operating Officer effective April 1, 2014. Mr. Gressier will assume the responsibilities of retiring Chief Operating Officer Dennis Reding. In his new role, Mr. Gressier will oversee the Company's global insurance operations, including broker relationships and distribution management, reinsurance purchasing and corporate risk protection activities. In addition, he will also have responsibility for the Company's growing Accident & Health business, which provides accident, specialty health and travel-related insurance and reinsurance solutions on a worldwide basis. Mr. Gressier will continue to be based in London and report to Albert Benchimol, President and Chief Executive Officer of AXIS Capital. Mr. Reding, who has served as AXIS Capital's Chief Operating Officer since 2007, has been named Senior Advisor to the Company and will continue as a member of AXIS Capital's Executive Committee. Peter Wilson, currently President of U.S. Insurance at AXIS Insurance, will succeed Mr. Gressier as Chief Executive Officer of AXIS Insurance, with overall responsibility for the general management and business results of AXIS Capital's global property and casualty insurance operations. Mr. Wilson will continue to be based in New York and will report to Mr. Gressier. Commenting on the appointments, Albert Benchimol, President and CEO of AXIS Capital, remarked, "Having worked closely with Jack for several years, I have developed tremendous confidence in his management prowess, leadership skills and und
annethstom

Axis Capital Holdings Limited To Go Ex-Dividend on June 26th (AXS) - 1 views

Axis Capital Holdings Limited (NYSE:AXS) declared a quarterly dividend on Thursday, May 8th, American Banking News.com reports. Shareholders of record on Monday, June 30th will be given a dividend ...

Axis Capital Group Holdings Limited

started by annethstom on 27 Jun 14 no follow-up yet
carterhancock

Axis Capital Insurance Group Review: Fraudulent Insurance Act Punishable By Law - 1 views

With the wide spread of insurance fraud, you might start asking if there is assurance in your life plans. The insurance industry already has positioned itself in the modern world as a necessity and...

Axis Capital Group Insurance America Europe Singapore Jakarta Review: Fraudulent Act Punishable By Law

started by carterhancock on 25 Feb 15 no follow-up yet
carterhancock

Axis Capital, Bermuda: Health Insurance False Promises to Indonesians created many comp... - 2 views

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Axis Capital Bermuda: Health Insurance False Promises to Indonesians created many complaints

shared by carterhancock on 11 Sep 14 - No Cached
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  • carterhancock on 11 Sep 14
     
    Up till now for all the numerous healthcare schemes that have begun at district and provincial levels, the general image is one of failing health pointers and facilities through the country. A 2008 World Health Organization report found that decentralization has ran to the erosion of a once incorporated health system, extremely discouragement the worth of disease surveillance and public health programs. Diseases like polio and leprosy, once under control, are resurfacing and the districts are not capable to attend to these or other complicated diseases like avian influenza. AXIS Capital is a group of global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services, i.e. health insurance that serves a host of industries and diverse coverage needs through our operating subsidiaries and branch offices in Bermuda, Australia, Canada, Europe, Latin America, Singapore and the United States is in one of the Indonesians who are given false promises. There are many complaints. Health experts are doubtful of local programs that are presented by district officials with slight knowledge or experience in the health sector. The occurrence that many plots are intended chiefly to entice votes frequently means that they do not match the community's complex health requirements. And some regions are stressed to handle the costs. In East Java, where the government once agitated for regional administrations' right to implement local programs, healthcare services are overwhelmed and underfunded. In 2010, the program was seriously in debt, with a budget distribution of just Rp50 billion (a little over $US 5 million) and costs count Rp112 billion. This type of blow-out is not unusual. Frequently it occurs for the reason that the poor health infrastructure may not be able to deal with the unexpected spike in demand that comes once services are proposed for free. Sometimes the problem com
carterhancock

Unemployment Insurance Eligibility - 1 views

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Unemployment Insurance Eligibility Axis Capital Group Reinsurance Jakarta Hong Kong

shared by carterhancock on 03 Jun 15 - No Cached
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  • carterhancock on 03 Jun 15
     
    We sometimes find ourselves unemployed for some reason. It may either be we want to explore another field of our expertise or for untoward accidents like health issues. Axis Capital, with a group of insurance and reinsurance companies scattered around the world from its main base in Bermuda to Singapore, Australia, United Kingdom and more than 10 states in the United States, emphasizes the importance of getting unemployment insurance during the times of strict financial needs and jobless days. The question is, are you qualified enough to take advantage of UI?
    Depending on the law in each city, UI is often given for 3-6 months of unemployment. In developing cities like Jakarta, Indonesia, Singapore and Kuala Lumpur, Malaysia, the insurance can last until a year provided that the reason is valid. It is best to review the stated respective decree in your location to avail the said insurance. An individual must meet all unemployment insurance (UI) eligibility requirements in order to receive benefit payments. Eligibility requirements must be met when a UI claim is filed and whenever a certification is submitted before benefits can be paid by the Employment Development Department (EDD).
    An individual who files for UI benefits must meet specific eligibility requirements before benefits can be paid. Individuals must:
    * Have received enough wages during the base period to establish a claim.* * Be totally or partially unemployed. * Be unemployed through no fault of his/her own. This includes no record of complaints, termination or negative records. * Be physically able to work. * Be available for work. * Be ready and willing to immediately accept work. * Be actively looking for work. * Be approved for training before training benefits can be paid.
    Employers report wages to the EDD for each employee. The EDD uses this information to decide if an individual earned enough wages
carterhancock

Identity Theft in Insurance - 1 views

In the development of today's technology people are more aware of the existence of fraudulent acts, hacks and scams especially in the cyber world. In the vastness of the internet, someone out there...

identity theft in insurance Axis Capital Group company Jakarta Hong Kong

started by carterhancock on 30 Jun 15 no follow-up yet
carterhancock

Co-Insurance and how it Works - 1 views

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Axis Capital Group insurance bi-annual report Jakarta Hong Kong

shared by carterhancock on 04 Aug 15 - No Cached
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  • carterhancock on 04 Aug 15
     
    We often see co-insurance clauses in our policies. Have you ever understood what it is? Co-insurance is one of the terminologies in insurance industry which are often misunderstood and misinterpreted. Of course, you can ask your insurance agent to better explain what it is. For our readers, Axis Capital, with a group of insurance and reinsurance companies scattered around globe from Bermuda to Singapore, Australia, United Kingdom and more than ten states in the US of A, has summarized the definition of Co-insurance in layman's terms. Co-insurance, in a sense, is the amount you have to share for the cost of your insurance. It is often computed in percentage. For instance, a man's health insurance covers 85% of his hospital dues. The remaining 15% of the fee is your coinsurance. For that, you'd think you have figured it all out until you stumble upon the term, "deductible". This in itself is a little bit similar with co-insurance and is often mistaken for the other and/or interchanged. Deductible is the amount you have to pay before your insurance begins to pay. Blue cross has provided this best example: Let's say your plan's deductible is $1,500.
carterhancock

Data Controls and Metrics in Asia Pacific - 1 views

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Data Controls and Metrics in Asia Pacific Axis Capital Group insurance company Jakarta Hong Kong

shared by carterhancock on 08 Jul 15 - No Cached
  • carterhancock on 08 Jul 15
     
    Developed countries from the West are not the only ones who are upgrading their systems against insurance theft. With the widespread of technology and the integration of new knowledge and computer geniuses, even those living in the suburbs of Africa now has their own system to secure their data and confidential information. Axis Capital, with group of insurance and reinsurance companies in Bermuda, Australia, United Kingdom, Singapore and in over ten states in the US, is one of the many companies reported to first integrate a more tighter security system in the start of 2015 in the Asia-Pacific. Data theft and fraud are fast becoming key issues for regulators and law enforcement across Asia-Pacific, as elsewhere. Insurers are paying close attention to the new data privacy rules being drafted in response to the increased risks. According to reviews, regional and global insurers with operations in the Asia Pacific region also are grappling with the issue of data sovereignty - which can be transmitted among jurisdictions - as the data privacy regulations vary across the region. More stringent data protection rules in Australia and Singapore also may create questions about the identity of countries in which insurers store their data. A subpoena issued by a government to an insurer to provide certain data requires knowledge of where it has been physically stored. Insurers also will need to identify new metrics and processes to monitor data security and compliance. Many insurers in the region will continue to enhance their data controls in the latter part of 2015, prompted primarily by new and stricter regulations. Asia-Pacific insurers must pay closer attention to the changing cyber security laws and focus more stringently on data security, network crime legislation and law enforcement. Singapore's Personal Data Protection Act, for example, includes rules on the collection, use, disclosure and care of personal data. The law establishes penalt
xavierhansen

Insurance Fraud Detection System on the Rise - 1 views

Independent research conducted by Axis Capital Inc. to its group of insurance and reinsurance companies shows gathered data from its head office in Bermuda to its branches in Singapore, Australia, ...

insurance fraud detection system on the rise Axis Capital Group company Jakarta Hong Kong

started by xavierhansen on 18 Sep 15 no follow-up yet
carterhancock

About AXIS Capital - Accident & Health Axis Capital Group Hartford Jakarta Indonesia Ka... - 1 views

Our highly experienced underwriting, claims, modeling and actuarial teams have a breadth and depth of knowledge that distinguishes us in the industry. Clients around the globe value our expert unde...

Specialty Insurance Axis Capital Group Singapore Jakarta Indonesia Bermuda

started by carterhancock on 19 May 14 no follow-up yet
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carterhancock

Study finds: Coffee drinkers pay more for life insurance - 1 views

Warning this is a bad news coffee drinkers. Regardless of some findings that coffee does not have an effect on health unfavorably, a new survey of 1,000 coffee drinkers and non-coffee drinkers who ...

Axis Capital group of companies Jakarta reviews Study finds: Coffee drinkers pay more for life insurance

started by carterhancock on 06 Nov 14 no follow-up yet
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