Daily Insurance Report  
Walt Bernard Podgurski,  Editor,  440-773-1108, 

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Editorial Mission Statement: The goal of this publication is to provide readers a broad selection of what is being written about the insurance industry and related issues. Some articles may have a “tilt” towards a particular perspective one way or another. Inclusion in this newsletter is not an endorsement of any views or content; but report the various and differing views appearing in media.
  Tuesday, 09/03/19 - https://DailyInsuranceReport.com 

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The "Daily Insurance Report" publishes the life insurance, health insurance, and employee benefits news that matters.

Bernie Sanders calls for eliminating all medical debt at South Carolina event
By Andrew Craft | Fox News

Democratic presidential candidate Sen. Bernie Sanders, I-Vt., told an audience in South Carolina Friday that he is working on legislation that would "eliminate medical debt in this country."

"We are introducing legislation that would end all medical debt in this country," Sanders told reporters as he departed the town hall. "The bottom line is it is an insane and cruel system, which says to people that they have to go deeply into debt or go bankrupt because of what? Because they came down with cancer or they came down with heart disease or they came down with Alzheimer’s, or whatever ...

"In the midst of a dysfunctional healthcare system, we have to say to people that you cannot go bankrupt or end up in financial duress," Sanders added. "That is cruel and something we've gotta handle. This is something that we're working on and that we will introduce."

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Arbitration ruling piques sponsors' interest
Consultants say tactic could reduce fiduciary breach suit flood to a trickle
ROBERT STEYER / Pensions&Investments

George Sepsakos said the Schwab ruling likely will spur more DC plan sponsors to include arbitration clauses in their own plan documents.

A federal appeals court decision allowing The Charles Schwab Corp.'s 401(k) plan executives to compel arbitration in a fiduciary breach dispute will prompt more plan sponsors to examine this strategy to reduce their ERISA liability risks, attorneys and defined benefits consultants say.

"The implication that including arbitration clauses in plan documents may be a way to avoid ERISA claims is important," said George Sepsakos, a Washington-based principal at Groom Law Group. "It definitely got our clients' attention."

Although arbitration clauses in plan documents are rare, "I foresee more of this happening," because of the Schwab ruling, Mr. Sepsakos said.

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NXT offers a boutique service to the “Founders and CEO’s” of “Start-Up,  Early Stage, & SME” companies in the “Employee Benefits” marketplace.

We create the opportunity for innovative entrepreneurs to “pitch” their company to Venture Capitalists, Private Equity Firms, Angel Investors, Representatives from Insurance Carriers / Banks Who Have an Internal Venture Fund and/or Seeking Strategic Relationships, Product and Distribution Heads at Insurance Companies, and IMO’s.


5 questions to ask if you’re considering a flexible work arrangement for your employees
By Karen Crone – Chief Human Resources Officer, Paycor / CINCINNATI BUSINESS ENQUIRER

Back in the day, the primary determining factor for a job candidate choosing your company over your competitors was salary. Now, the tide is turning toward the employee benefits your company offers — specifically, flexible work arrangements. In fact, FlexJobs’ 2018 Annual Survey found that the top three factors today’s candidates look for in a job are:
• Work-life balance,
• Salary, and
• Flexible work options.

The most popular types of flex time are:
• Flexible hours for special situations (i.e., a sick child or school event).
• Flexible workday start and quit times.
• Telecommuting.

The least popular flexible work arrangements include:
• Seasonal employment.
• Summer work hours
• Job sharing.

Great Brexit Insurance Migration Shifts $75 Billion From London
By Will Hadfield / Bloomberg

London’s outsized role in the global insurance industry is being whittled down by Brexit.

As much as 61 billion pounds ($75 billion) of business is shifting to rival financial centers in the European Union as a consequence of Britain’s vote to leave the bloc. And it’s happening regardless of the divorce terms.

The EU’s insurance and pensions regulator has ordered every U.K.-based underwriter to transfer policies held by European clients to units on the continent. While the bulk of those total liabilities -- the potential payout of all the policies, an industry gauge of scale -- has moved or is moving to Belgium, Luxembourg, Ireland and elsewhere, about 5 billion pounds will still be in Britain if Brexit happens Oct. 31, according to the Bank of England’s Financial Stability Report in July.

Enterprise Content Management: A Perfect Shield for Every Organization's Human Resource Data
An effective ECM offers flexibility to access or deliver content over mobile and cloud, creating a highly connected and digital workplace
Jeet Raj. Senior vice-president (Human resources operations), Newgen Software / Entrepreneur

Data is the biggest asset that any HR has. There is a myriad of documents full of sensitive employee information. Every company’s HR department is responsible for maintaining the confidentiality of the information about candidates, employees and clients. Being actively involved in hiring, training, and retaining employees, HR is required to circulate policies-related communications to everyone. Further, their role involves sharing internal information like employees’ data with external vendors like transport companies, mediclaim providers, banks, etc.

With the large amount of information flow inside and outside the organization, ensuring the security can be a daunting task if the data is in the physical form.Further, storing all this critical information on paper can pose a huge risk to both the company and the employees.

Over and above this, there is a risk of natural disasters. In case of any unforeseen events like flood, fire, robbery, etc., there is a greatfear of damage to the documents if they are in the physical form.

Given all this, companies cannot ignore the importance of data security, privacy, and compliance. They need to be proactive and work closely with their IT teams to streamline and automate data processes to minimize security risks.

ECM is the Solution!

How Healthcare Foundations Destroy Grassroots Advocates
Corinna West

The Robert Wood Johnson Foundation, one of leading national healthcare foundations or “health foundations,” as the genre tends to prefer to be called, asserts that building grassroots advocacy is the key to making progress on trauma-informed care.

More and more data are echoing this. Yet we grassroots advocates are not included.

Community organizers are said to be pivotal in making progress on health equity. Global sources say that empowering advocates is the key to making progress on behavioral health worldwide. The Recovery Movement is said to be the source of much behavioral-health innovation. Studies show that patient engagement is the key to improving healthcare outcomes and reducing the overall cost of healthcare.

Still we are not included. Healthcare foundations continue to minimize advocates’ role and to damage advocates and our organizations every day. Here is how healthcare foundations damage us, and what they need to do if we are ever to make real progress:

The Limits of AI in Healthcare
Nicholas Hamm / Managed Healthcare Executive

Artificial intelligence (AI) has largely dominated conversations about the future of healthcare. From improving diagnoses to analyzing EHR data, AI is often touted as the cure for many of healthcare’s technological woes. But there are currently huge barriers to that future.

That’s according to an editorial written in Nature partner journal Digital Medicine, which seeks to temper expectations about AI.

The titular truth in “The ‘inconvenient truth’ about AI in healthcare,” is “that at present the algorithms that feature prominently in research literature are in fact not, for the most part, executable at the frontlines of clinical practice.”

The authors say that while AI has the potential to help fix many of healthcare’s biggest problems, the hype of AI is just that—at least in the current state of healthcare.


Monday, 08/26/19 - Surprise out-of-network bills are hurting workers’ wallets and employers’ bottom lines

Tuesday, 08/27/19 - Democratic voters prefer Obamacare tweaks to Medicare for All

Wednesday, 08/28/19 - Healthcare Promises: What 2020 Presidential Candidates Aren’t Telling You

Thursday, 08/29/19 - Life Insurance Startup Ethos Valued At More Than $400 Million After Series C Raise

Friday, 08-30-19 - Health Savings Accounts Hold Over $61 Billion For Future Medical Expenses

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Walt Bernard Podgurski - - Editor