Are US health insurance companies covering COVID-19 patients?

| April 13, 2020

article image
Alone among developed countries, the United States's healthcare system is not universal but run by for-profit health insurance companies. A former health insurance executive turned whistle-blower says the industry is expecting to do well during the coronavirus. While several companies in the US say they will cover COVID-19 testing and treatment, there remains much confusion over who will ultimately end up covering the bills.

Spotlight

Echelon Insurance

Echelon Insurance is a property and casualty insurer, offering Commercial and Personal lines insurance products across Canada. We believe that Canadian individuals and businesses are best served when working with an independent insurance broker, so we distribute our insurance products exclusively through our broker and agent partners.

OTHER ARTICLES

7 Business Models of the Future for Insurers

Article | March 18, 2020

The insurance industry continues to be an enabler of innovation. Since its creation three centuries ago, it has become an essential part of the global economy — providing security and resilience to businesses and individuals alike. But the fundamentals of how it operates have barely changed. As we enter a new decade, the industry must reflect the reality of the needs of today’s businesses and society. Large commercial insurers and reinsurers, in particular, have an increasingly urgent imperative to realign their organizations and modify their offerings to include stronger preventive services against new and evolving threats, including climate change and cyber risk. There is a huge opportunity. Our latest NextWave Insurance report reveals that, should the industry act now, an unprecedented growth and profitability spike is within reach. By 2030, we project that large commercial insurers and reinsurers could experience:

Read More

The impact of Coronavirus on the insurance industry

Article | March 20, 2020

Unsurprisingly, that has had a knock on effect on financial service providers across the board and those in the insurance industry are no exception. In some cases insurers have started taking action to protect their businesses which, while sensible, left many consumers in the lurch as airlines failed to cancel flights and governments issued conflicting advice as to whether people should travel or not. Others in the insurance industry meanwhile are being forced into action to customers’ benefit by governments’ emergency responses to the virus.

Read More

The Impact of InsurTech on the Property/Casualty Sector

Article | February 20, 2020

The latest figures from a Willis Towers Watson report shows that investment in insurance technology, or InsurTech, reached an all-time high in 2019 at $6.37 billion, with funding in the Property/Casualty sector representing the lion’s share over its Life/Health counterpart. InsurTech is designed to disrupt and change the way the insurance distribution system conducts business, upping the game in delivering tailored product lines, reducing friction in client transactions, providing a better on-line customer experience, and assessing risk scenarios to provide new offerings.

Read More

Covid-19 will make cyber and digital insurance policies more relevant than ever

Article | April 17, 2020

Kennedy's Elizabeth Bardsley discusses the risks brokers need to be aware of as more and more professionals work from home as a result of the coronavirus pandemic. As the insurance industry continues to grapple with the Covid-19 pandemic, many have begun to give thought to what lasting changes will stay with us once the crisis has passed. For example, attitudes towards flexible working are expected to permanently change as more and more professionals work from home. And in a similar vein, we are likely to see a significant impact on the popularity of cyber and digital liability policies.

Read More

Spotlight

Echelon Insurance

Echelon Insurance is a property and casualty insurer, offering Commercial and Personal lines insurance products across Canada. We believe that Canadian individuals and businesses are best served when working with an independent insurance broker, so we distribute our insurance products exclusively through our broker and agent partners.

Events